Notice the similarity between rise and fall. Who says trading cryptocurrencies is difficult? You just have to wait for the big moves and stop being greedy short term to be wiped out by the market makers. Remember, this is a marathon not a sprint. It's not a get quick rich scheme. You might hit it big with 20x or 50x leverage once but sooner or later you're gonna blow your entire account. So, don't be greedy. Focus on the big moves.
Ethereum is a very good short right now because it is too hyped up. It might be a good idea to wait for a false bounce towards $200 but this is not a bad time to be short selling either. There is at least 56% downside to expect from here, but I see it declining way below $80. And remember, shorting Ethereum at this time is not easy just like buying it around $80 was not easy. A good trade is never easy. Trade safe, guys. Good luck!
Ethereum is a very good short right now because it is too hyped up. It might be a good idea to wait for a false bounce towards $200 but this is not a bad time to be short selling either. There is at least 56% downside to expect from here, but I see it declining way below $80. And remember, shorting Ethereum at this time is not easy just like buying it around $80 was not easy. A good trade is never easy. Trade safe, guys. Good luck!
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Comment:
Better entries than expected. Closed some of my BTC trades to double down on this short.
Comment:
Dreams about to come true.
TP2: 136
TP3: $100
TP4: $60