Hi traders, I am 50/50 cash and crypto.

Here's why.

Bitcoin.

• Bitcoin has been in accumulation around the $6900 level for over a week now, it's still trading mid-range from its all time price and a huge divergence has developed on the daily time frame which makes me think that we might be in for more downside;

• Regardless of that, I've opened a few starter positions on a bunch of crypto (Zcash, EOS, ETH). Lots of altcoins have fully retraced against Bitcoin and market sentiment is at a very low point which tells me that now is probably a good time to start accumulating as well;

• If we do go another leg down, my plan is to keep accumulating crypto, cost averaging down at key levels in preparation for the next market cycle.

Cheers.

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