A bit late on this call, but I see XEMBTC continuing a decay into the target zone before looking at re-entry. It had a great market cycle, so I see this move as necessary to long term growth. Could trade the channel on the way down if you're skilled at such things.
XEMBTC
XEMBTC
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Bitcoin weakness today is being supportive of certain alts. This is still within our downtrend, however.
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Very happy with entry, still on course.
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And remember on shorts...when I say entry, I mean, exit of long position. Do not advocate shorting crypto!
Trade closed manually:
Going to quietly exit this one. Was still a great call, in that we put capital to much better use elsewhere. Still does not look like a buy here at this point however. I'll take a W.