Hello my dear ETH traders, hope you're doing well guys! ;)
The ETH bulls were really strong and ready to move higher, but they get dragged down by big brother BTC: Once BTC couldn't get a break on its bull flag, and started dumping instead, ETH obviously followed. I show you exactly how I played it myself. Have fun watching! ;)
If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. For short trading: Please be aware, that you can lose all your money on Bitfinex if Tether blows up one day/and or they just close, (respectively on Binance, if you're holding Tether there), as compared to Coinbase, who do not offer short trading, but who have at least an insurance up to 250k. Dollars as they state on their homepage.
About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.