XMR Looking weak after 4 month bull run

POLONIEX:XMRBTC   Monero / Bitcoin
XMR/BTC is looking ready for more correction after huge bull run starting in beginning of November.

Reasons why I am short:
We are only 1-2 weeks into a reversal that is following 4 month bull run.
Recent all time high
1D shows price sliced through ichimoku cloud , which is almost always an excellent sign of trend reversal
Broke 200D EMA
1W chart looks like XMR will follow the pattern from previous spikes

How to play this:
We may see a bounce for a few days where price may re-enter cloud. Short here for maximum profit
Otherwise, place short, with low margin, and watch as money accumulates in your margin account ;)

0.02 BTC is next stop
I will not pretend I know what will happen after 0.02, look out for updates on this idea

do your own research these are only my honest opinions. If it gives you any comfort, I do not post idea unless it is a trade I am engaged in

Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out