Simple one. I want to take this trade but the fees with my (regulated) brokers are way too high I just lose my edge, the only crypto exchange I would use is Bitmex but my second account is empty, and I can't send money there right now (thank you ESMA). It is a shame, this is pretty high probability. And ETH has a spread of 2 dollars are they serious? But regardless, this is what is probably going to happen in the next days. If the price goes up to 4200 before going down, the entry will be higher, I'll update.
Will update anyway even if I do not take this trade, actually I never looked much into crypto for the short term stuff like this (I only swing traded it for the past year). It could take several days to bounce when this usually takes maybe 12 hours, and crypto volatility is dead and crypto might die, so there was no point for me to waste time on it. Ye I'm just posting this for views tbh XD
Remind me I need to send some BTC to my second Bitmex account once I close my short...
Thanks for your work and constant updates. I've closed all my trade positions and my reasoning and explanation is explained from a short-term perspective. Will re-enter when I see the signs stated in my videos. I've put my trade p&l in my analysis:
deactivatedaccount123
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Hey Renev. I admire you.
I've watched your posts, lurking in the background.
I laughed at you early on, and I got rekt. Then I understood what you were trying to say.
Problem is, it ends here and now.
kardia
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@MC_Peewee, there is nothing to admire about this FUD spreader.
deactivatedaccount123
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@rev214us, I think he is very good at his analysis personally. He is a bit too bias in my opinion, but he'll learn. This market humbles EVERYONE. No person is safe even if you're a mega whale.
Make one mistake and this market WILL humble you. I've learned that the hard way, countless times.
kardia
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@MC_Peewee, his trash talk and trolling need to go.
@rev214us, He appears to be missing some brain cells.
Bought during last peak, hold on to his loser, got lucky, did not learn his lesson.
Typical crypto person
kardia
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@MrRenev, don't be so judgmental. He is a lot smarter than you think. And he has a valid point about whales. But I wouldn't expect a permabear to agree with these things. The link I posted wasn't for you, but for the people you are misleading with your FUD.
MrRenev
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@rev214us, Ye man when I kept telling people to sell their Bitcoin at 10000$ while oyur buddies were telling them to hold on no matter what, I was really misleading them.
Or when I said 6000 was not the bottom.
Or when I said Litecoin was go lower than 100.
Or when I said Lisk would not only drop to 10$ but even 5, then 2.50, then 1$.
Or when I said Eth would go to 250, and even below that, even below 100.
Or when I said ...
And don't forget the Mt. Gox clown. He helped you guys out a lot. Of course, mainstream media (Fake News) did their fair share of damage by spreading FUD.
But it wont last. Whales will be flushed out of the market sometime within the next few years or so.