Another juicy NEO position closed. +11% this time.
The position was minor since the risk of NEO plummeting during bitcoin to fiat run is substantial. On such positions I do use stop-losses.
My main bet is still on ethereums right now. But if flat in ETH and ETC continues I'll consider closing these positions. STEEM also looks interesting now as the possibility of second-tier tokens will try to catch up on top-10 trend. And in STEEM we have announcements in September and also minor economy twicks which I like.
Another graph of the day - sudden spike in ETC-BTC pair. As we note last time such moves happen from time to time and what I forgot to mention is sometimes - rarely - they are upward not downward.
So don't forget to place an order on your calculated exit right after opening your position. There is a chance it is closed before the general market moves to that level.
Wish you luck and profits,
your cryptan analyst.