cryptodaddy
Short

ETH is a short

COINBASE:ETHBTC   ETH/BTC
ETH has been going through some rough times with this DAO hack and all this uncertainty around whether the soft/hard forks will be passed. This issue most likely won't be resolved tomorrow and while miners are trying to reach a consensus, there will definitely be a lot less buy pressure. So, mETH hodlers will be more inclined to sell and price will decline. Anything above $12 usd or 0.017 btc is a short.


Entry: 0.0172
Desired Exit: 0.013
Trade closed manually: Price was meeting major resistance in the 0.015s so closed at 0.0158. Feel like i chickened out as price is not retracing much but i need to catch some zzz's and rather not stare at this.
Trade active: Reshorting preceding break of 0.016, target is 0.014
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