sacrelege
Short

Short BTC, long ETH

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
157 views
1
157 1
Bitcoin can't make it past its high before the recent drop .
At same time, eth will form a double bottom .
since btc is very likely fail to get past 424. xx , it will drop below ~410 and therefore ETH seems a good hedge for now.

SL on both trades, can be placed above 424. xx (high before drop ) and on the eth side slightly below 0.020.
Good entry positions with good tight SL.

and the ETH chart for completion
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar Shows How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Help Center Refer a friend Feature Request Blog & News Twitter
Profile Profile Settings Account and Billing Refer a friend My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out