Nothing too complicated, just a general point of interest that may provide sufficient support for ETHUSD's next leg higher (at least until it hits trendline
resistance). This trade setup does not assume a long bias just because the trade direction is "long" -- this setup assumes a buy-side broker, i.e. asset purchase through Coinbase / GDAX, etc. without the capability to short an ETHUSD
This one is for those of you who play the Crypto Casino on the weekends. I'm not here to debate the merits of blockchain and a "fair value" estimate of ETH in its current environment. I am still bearish
in CC's until I see more bullish
behavior in the market.
I do not own any ETH at this time, but I do have a limit entry set on GDAX for the following trade.