I've been waiting. I've been trying to get this trade to win big for months, and hopefully this will be the entry. Shorting on this bear flag, trend is down, momentum is down and we have a bearish technical setup as well as a ~2 R/R.
Let's do this!
-YoungShkreli
PS I'm about to make a very interesting post about ETH that I just noticed. Would have been a huge help in predicting ETH's >90% decline. Maybe next time I'll be smart enough to see it coming...
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Lowered stop to $136, added about 90% to my short position. Same risk limit.
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It was a good thing I added to the short! Breaking down so far...
We shorted ETH and are up 14.12% right now and I love how you are one of the very few traders looking at this as an impulse to correction to impulse move again. I think you found something most people aren't looking at :)
mhfcrypto
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@youngshkreli you think ETH will really fall that much over the next 7 days??
Hey, I'm hoping you're correct coz I'm shorting ETH presently....but down to $80 that soon, how confident are you bud?
Cheers :-)
CantorTechnologies
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@mhfcrypto, Not over the next seven days, the arrow is arbitrary. I have no idea if it will even go down! Let alone whether within a week. Could go up 1000% from here for all I know. The reasons for the trade are as listed.