So this is the deal, our triangle is still holding the price. Closed the longs which were opened at projected bottoms (e.g. LTC @ $50) and I'm ready to open shorts in alts once the BTC comes closer to the top of the channel (thick orange line).
Current price behaviour is fairly dodgy, one might even say we are about to go down, but the amount of shorts, which stands at 55v45 vs longs keeps me on the bullish side and I have positioned myself accordingly. All bottoms will be retested so going short now would yield profits, however it may be risky to do that now as the short squeeze is expected and margin calls may occur if one opens a large position.
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Current price behaviour is fairly dodgy, one might even say we are about to go down, but the amount of shorts, which stands at 55v45 vs longs keeps me on the bullish side and I have positioned myself accordingly. All bottoms will be retested so going short now would yield profits, however it may be risky to do that now as the short squeeze is expected and margin calls may occur if one opens a large position.
LIKE / SHARE / AGREE for more updates as they come
