APECOIN - 3.66 IS 50% LIKELY

Been using this as a favorite to short and unlike the long positions it's going well.

My chart says 3,66 is likely to happen.

With Mt Gox fears being valid (nobody knows for sure how and when the event will take place) and after Powel's gloomy projections/tone we need to be worried.

5$ is resistance. A strong one but a rebound to that level is not to be crossed out.

Let's be aware that markets opening in Asia tonight (Sunday midnight hours for Europe) could add to worries.

We be careful and hedged here. APECOIN is not a crypto I like to buy and have never held it in my spot portfolio.

If you believe the whole crypto think is monkey business (part of it is, i say in general it is not!) then APE short could be a good option still, to make that statement a trade.

I am short. DYOR and remember to hedge.

One Love,

the FXPROFESSOR