Quick update to my previous $USELESS post published just 5 hours ago, where I considered shorting below 33c and buying dips in the GOLDEN POCKET and lower.

The price has dropped 15% since my post, by the way.

I'm going to pass on that, and just set some buy limit orders between 23c and 24c. Lots of blood everywhere, the ETFs (institutional money) have been selling more than buying this week, so definitely a risk-off environment due to the #TradeWar which could trigger a flash-crash.

So, basically positioning much lower than I intended to, 23c is a 1.618 fib retracement level on the HOURLY, and 24c is the all-important 200 MA, normally the most reliable moving average.

Obviously, a couple of candle closes below the 200 MA, and I would STOP LOSS manually.

Playing defence in the crypto markets right now seems to be the optimal approach, I have zero long or short positions and haven't opened anything since the 10/10 collapse. Markets aren't looking healthy, so my strategy for now is to position in the recently strongest assets at much lower levels, essentially hoping for another flash-crash.

👽💙