It's short time for ETH.

Update on 4HTF.

Bearish divergence on volume and RSI . FED hike on wednesday will trigger our trade.

Disclaimer: This is not financial advice. All trade ideas and analyses shared are only my view on the markets.

Trade active:

I had to enter this trade a little bit earlier because of the lack of bull power. Nonetheless our trade is active.

Comment:

The bulls came a little late, but we all know the result. December is another .75bps hike. Recession is here.

Trade still valid.

Comment:

Seems like we are reaching ~1330 in 6-8hrs. From there you might want to close shorts and expect a rebound to ~1500.

Macro economy will tell if we'r going to our ~800 target this november or mid december.

Comment:

First target reached

Trade closed manually:

This was faster than expected. Halfway there already. With this firesale we will get a small rally to ~1280 before heading to ~800.

Let's wait for the FTX collapse to resolve.
I'm closing my positions.

Trade active:

There we go, shorts open again at ~1335.