secretcodealpha

ETH breaking down, very rare opportunity to short top

Short
BITFINEX:ETHUSD   Ethereum / U.S. Dollar
Since BTC topped off at 12k, there has been a very strong correlation between BTC and equities. Not BTC and EURUSD (inverse DXY ), not BTC and gold . BTC and DOW has had the highest degree of correlation together.

DOW has clearly topped after 28.4k test and DOW futs are around 27.6 at the time of publishing this idea.

It is quite clear that stonks are going to continue their downtrend (after an incredible uptrend since March 2020), and it is clear that BTC is following this trajectory.

ETH being 380 is so overextended that it is probably a much greater ROI % opportunity. Today morning especially, most major equity indexes are down 1% but ETH someone fought its way to trapping bulls at $380 region. The correction should come by the time of US stock open AT THE LATEST.

Best of luck my friends, sell high buy low, this is a VERY rare opportunity to hit the top like this.
Comment: DOW had an epic rejection from lower side, potential for ETH to break up if equities hold as strong as they are right now.
Comment: DOW breaking down, ETH going to where its supposed to go. All $420 bulls about to get rekt
Comment: Easy
Comment: Money printer may reactivate from next week, time to start looking for potential upside