No position in the market is often the most valuable one!
We were very aggressive in our last chart book reflected in the title “Time to get paid“…
Rightfully so, since our plays returned generously on our investment at very acceptable low risk:
It is principle so, that it is prudent to take what the market is offering and not to be greedy and as such we took very aggressive profits as stated in real time in our telegram channel at the weekly resistance zone of the bearish triangle.
Not having a position in the market at times of higher risk or lower risk /reward ratios is a mutually good advise often given from successful traders and investors and we consider such a scenario to be the case unfolding right now. Hence this time´s chart book headline being a bit more modest.
This can change quickly, because overall, markets coming out of their summer doldrums and soon more volume to be expected to be seen in all markets as a whole.
That being said we have an eye on Monero:
and Genesis Vision as possible short term plays should the 6k levels on BTC hold:
All charts timely posted in our telegram channel.