BTCUSD: Buckle up, bear market started.
Updated
I think it's possible 
BTCUSD might have ended it's 2 year bull market, and now entering a correction/consolidation phase. I'd expect some altcoins to fare well, so I will try to outperform BTCUSD strategically shorting when needed, and holding exposure to select altcoins in my portfolio. I have reduced my crypto account size to be a mere 25% of my net worth in December 14, anticipating this outcome.
For now, entering shorts can be done on retrace, if it happens tomorrow, but, it is risky, since calling the top in this type of enviroment is always hard. I'd rather focus on reducing exposure and holding altcoins with the rest, and using shorts sporadically with low risk per trade (1% max, tight stops).
As a sidenote, it seems like the main mineable coins are not going to fare well,
LTC, BTC, 
XMR maybe, 
DASH, 
BCH, all look frail in their dollar charts, with 
ETH and 
NEO looking much better, or even ZZEC, 
ETC, and a few more.
Best of luck,
Ivan Labrie.
PS: Sell Ripple, it's a scam. The top target zone I had outlined was 2.4-2.8, and it was already hit. Not worth holding on to it.
BTCUSD might have ended it's 2 year bull market, and now entering a correction/consolidation phase. I'd expect some altcoins to fare well, so I will try to outperform BTCUSD strategically shorting when needed, and holding exposure to select altcoins in my portfolio. I have reduced my crypto account size to be a mere 25% of my net worth in December 14, anticipating this outcome.For now, entering shorts can be done on retrace, if it happens tomorrow, but, it is risky, since calling the top in this type of enviroment is always hard. I'd rather focus on reducing exposure and holding altcoins with the rest, and using shorts sporadically with low risk per trade (1% max, tight stops).
As a sidenote, it seems like the main mineable coins are not going to fare well,
LTC, BTC, XMR maybe, DASH, BCH, all look frail in their dollar charts, with ETH and NEO looking much better, or even ZZEC, ETC, and a few more.Best of luck,
Ivan Labrie.
PS: Sell Ripple, it's a scam. The top target zone I had outlined was 2.4-2.8, and it was already hit. Not worth holding on to it.
Note
BTCUSD chart implies we can get a 65% crash, interestingly this is what I had anticipated by copying the 2013 top pattern and subsequent consolidation, but adjusting it to today's volatility Note
Note
About 
XRP: Note
In the short term, BTC is moving too fast up, the inside bar today is not too good for a bear case, but I'm still not comfortable owning BTC. If we don't go straight down, I severely doubt we go any higher either, maybe just sideways.Either way, the short trade had a stop loss that can be hit, and if so, would take us out for a 1% loss. -Not a huge deal-
Meanwhile the coins we hold off exchange have grown both in BTC and in USD value, so it's a win win for now. With some luck BTC doesn't outperform the portfolio.
Note
I'm reducing my crypto account size to 25% of net worth, BTCUSD is failing to meet a target here, which is a negative signal. Fund equities account with 75% of your funds and hold spot BTC, as an insurance for exposure to traditional finance Note
We had added to the account recently, with the lowest entry at 6500. We also took some margin longs that we closed yesterday.
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ivanlabrie.substack.com/
ivanlabrie.substack.com/
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