We have scaled into MCO since we have tested the August 2017

6th December we added to our SALT position and by keeping our position size low we can limit our down side

We return to the daily XMRBTC chart today for a look at how much damage has been done to the technicals over the past 24 hours

Unfortunately for the bitcoin bulls the market continues to respond well to the technicals which remain overwhelmingly bearish at this time which is why it comes as no surprise that prices are moving steadily lower right now.

Compared to the other altcoin charts we've seen today the LTCBTC 3-day looks downright bullish

As expected there were a few retests of sub-3800 $ levels yesterday due to what were still quite bearish technicals, one of which established a new local low at the 3730 $ level...