Even though market was looking good yesterday, I didn’t re-ent | Cicero’s Compass

Even though market was looking good yesterday, I didn’t re-enter my USDT because we didn’t closed above the D EMA 21 line. As long as we don’t close above, everything is all fake, and we are still micro bearish.

I still believe the breakout to the upside end July/Aug is still in play. However, if we closed BELOW the weekly 50 EMA, I believe we will be going further down in the short term.

This is a short term micro analysis based on charts and therefore it is very unpredictable, and can change very quickly the other way liquidating leverage positions. However, it is based on odds and therefore u can make decisions with your portfolio having the odds to be in your favor.

If u are stressed and worried right now, it’s time to close half your positions and wait for confirmation before getting back in. For me it’s simple, I’m still sticking to my play of having more than 50% of portfolio in BTC, the rest in USDT, ALTs, and less den 3% in futures account. If the weekly close below the 50 EMA, I may consider closing half my BTC into USDT, and continue accumulating cheap ALTs when everything dips, and get into private presale projects that has huge 10x & above potential with purposeful missions.

In the meantime, let’s wait for confirmation while letting our portfolio continue earning yield. We have to be alert, ready, and be like water, to change and adapt to any circumstances quickly and immediately.

- Mr Cicero