What's up everyone,
I think the ETH traders should be the ones who appreciate my work the most because I have not led them astray the entire time I have been on TV. And that is for one simple reason, I have made one claim and it was: it would be a good time to buy when the weekly ashi closes green. Here is the article where I said that:
Since then, I haven't had anything to say in terms of suggestions. So, allow me to amend my suggestion: you should wait and see what I think when/if it happens. I was expecting the ashi to come before this time. Now that it has taken so long, the timeframe I envisioned has passed and therefore, my strategy is invalidated.
So, what do I say for now? ETHUSD is BEARISH! Look at the moving averages. Look at where we are. There is no real support here. It's not impossible that the low of $140 from last year will hold, but I think it's unlikely. I say Bitcoin is likely going to $5,000 and I say ETH is likely going to $100.
I would not recommend shorting right now, but a time might come. With coins like ETH that are significantly more volatile than BTC it might behoove you to look into options trading instead of trading the underlying.
Sorry to be the bearer of bad news. You can feel comforted though with the fact that even the stock market looks poised to take a dump. I wish you all the best.
-YoungShkreli
I think the ETH traders should be the ones who appreciate my work the most because I have not led them astray the entire time I have been on TV. And that is for one simple reason, I have made one claim and it was: it would be a good time to buy when the weekly ashi closes green. Here is the article where I said that:
Since then, I haven't had anything to say in terms of suggestions. So, allow me to amend my suggestion: you should wait and see what I think when/if it happens. I was expecting the ashi to come before this time. Now that it has taken so long, the timeframe I envisioned has passed and therefore, my strategy is invalidated.
So, what do I say for now? ETHUSD is BEARISH! Look at the moving averages. Look at where we are. There is no real support here. It's not impossible that the low of $140 from last year will hold, but I think it's unlikely. I say Bitcoin is likely going to $5,000 and I say ETH is likely going to $100.
I would not recommend shorting right now, but a time might come. With coins like ETH that are significantly more volatile than BTC it might behoove you to look into options trading instead of trading the underlying.
Sorry to be the bearer of bad news. You can feel comforted though with the fact that even the stock market looks poised to take a dump. I wish you all the best.
-YoungShkreli
Comment:
Well, ETH is at $110.