JefeCaan
Short

I'll Bet You $60 You're Not Prepared For This

BITFINEX:ETHUSD   Ethereum / U.S. Dollar
And that is exactly why it is going to happen.
Comment: This is what's really going on.
Comment: The Fed's going to keep unwinding its balance sheet till September, expect maximum pain in the stock market as well as the crypto market. China just reopened the Mining ban chapter, US China trade talks situation unlikely to resolve soon.
Comment: All according to plan
Trade active
Comment: If this guy forms a gravestone doji on the daily, he ded.
Comment: Take some profit. It could bounce up from here.
eliotts on RSI is my fav. Good work, my orders are set between 30-60 as well.
30 usd can be yummy
+1 Reply
Here we go!
+1 Reply
i still see it bullish and room to reach the $200 area
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JefeCaan Forex_Society
@Forex_Society, That's possible, yes but very unlikely under current conditions.
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Chining potential mining ban can be construed as Bullish. Less mining, less circulation.
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Is this the rise before the sell-off?
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JefeCaan millert25
@millert25, It is.
+1 Reply
JefeCaan LiquidMEX
@LiquidMEX, Nice! Keep up the good work.
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The SP500 looks like it will begin moving lower, I agree. But the connection to crypto isn't predictable enough to know if it will be correlated in parallel, or inversely, or not at all. Crypto was going down for most of 2019 and 2018 and stocks were going up. Now when stocks go down, crypto should go down? Maybe. I think going short crypto here is contrarian though. Good luck.
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