Ethereum (ETHUSD) Looks like a drop is coming

COINBASE:ETHUSD   Ethereum / U.S. Dollar
ETH BTC is having some trouble right now, causing ETHUSD to drop .

Currently dropped beneath support, so will be shorting the retest. It should not go above 148 for very long. If it does, I will probably close my short.

I still think Bitcoin has topped. It may be at 4200, or 4400-4500. Either way, I will be shorting most coins.

Thanks for viewing!
Comment: This might be it
Comment: That was the bounce I was looking for.

ETHBTC could still rise which could lead to ethusd outperforming btcusd, but hoping we can top here.

If we do, shorting eth will be more profitable than shorting just btc.
Trade closed: target reached: Forgot to update, but I closed for 10%.

Instead of shorting eth, I have decided to short both, but allocating more money into btc.
+1 Reply
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