I own ETH, my long position is in shatters, I will not be taking this trade. Would if I could, raisins:
1) all supports cut through like butter;
2) people call it 'Etherponzi' and it does have infinite supply, so...;
3) 'despair' means we go below even the lowest lows, just like parabolic bull runs crush the highest highs;
4) $18 billion is still too much for a handful of IT projects not many people use;
5) ICOs panic selling to get out with at least something;
6) BTC wants to go down more, will take ETH with, ETH will do nothing alone;
7) ETH shorts no longer ATH;
8) mining unprofitable, chance of most miners shutting down.
Reasons not to short:
1) everybody and their dog is already shorting it, they can't be right. Right?;
2) my track-record at charting is abysmal, (hopefully) I'm wrong again.
1) all supports cut through like butter;
2) people call it 'Etherponzi' and it does have infinite supply, so...;
3) 'despair' means we go below even the lowest lows, just like parabolic bull runs crush the highest highs;
4) $18 billion is still too much for a handful of IT projects not many people use;
5) ICOs panic selling to get out with at least something;
6) BTC wants to go down more, will take ETH with, ETH will do nothing alone;
7) ETH shorts no longer ATH;
8) mining unprofitable, chance of most miners shutting down.
Reasons not to short:
1) everybody and their dog is already shorting it, they can't be right. Right?;
2) my track-record at charting is abysmal, (hopefully) I'm wrong again.
Comment:
Shorts probably need to come down from near-ATH before we can see another dump.
Comment:
Interesting wicks these last few days...wonder what it means.
Comment:
Gonna built a short bit-by-bit at the highs.
Comment:
Wow, this is taking long. Surprised there even are still so many sellers after that September, October, Novemeber.