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Elysian_Mind
Aug 5, 2021 4:48 PM

Short 💥 End of Bullrun - Bulls Lose Their Life Savings Short

Ethereum / DollarBitfinex

Description

Short 💥 End of Bullrun - Bulls Lose Their Life Savings

"Take profit or lose it all."

🔴 KEY POINTS:
- Momentum pushed Price Action to Resistance Line (red line on the chart)
- Double Resistance: Here, the Resistance Line coincides with a Historic Resistance Area from historic tops (red area/zone on the chart)
- Next Support Zone (green area/zone on chart) is 1k below the current price

So, our AI thinks that ETH will crash to 1.7k.

Comment

The idea's still valid.
The Price respects our resistances.
See our newest RELATED IDEA: "Short 🩸 Blood Bat Drinks Bull Blood"

Trade active

Bitcoin Price Action hit resistance with volume and activated our trade:
Side: Short
Pair: ETH/USDT
Target Price: 1.7k
Stop Loss: 4k
Entry Price: 3k - 3.5k
Leverage: x10
Comments
urbanlits
Seriously? 1800 ETH got burned in last few hours. This is ultra sound money !! Lot of TA here has no clue about London hard fork.
Elysian_Mind
@urbanlits, BTC will crash, and it'll drag down ETH, too.
Mr_scalper_
I think u hate crypto 😏
Elysian_Mind
@Mr_scalper_, Your hate makes you a powerful trader.
XanaduRising
Would you buy BTC at $2800 if you had the chance?

I was there when BTC was trading at $2800 and with the London hard fork, ETH is now a deflationary store of value as well as a platform for all sorts of worldbuilding.
Elysian_Mind
@XanaduRising, It's a store of value until hackers take it with RATs and dump it on the markets.
I've never bought any Bitcoin or Ethereum.
All cryptocurrencies I have, I've "earned" them one way or another, and sooner or later, I'll sell all.
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