ETH - correction as well in progress

Hi, Im still holding my short. I think the correction will be strong. In every bear market cycle money moves from big caps to Bitcoin so I assume that ETH is far away from its bottom. My bottom for ETH is somewhere between 400-600$. Of course you can call me crazy but in crypto anything is possible. Celcius, FTX, Luna showed that anything so why not to think that ETH can dump hard from current position :-). Regards!

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Hi guys, here is some update from my side. Still holding my shorts. Regards. Jarek.

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Added more shorts !

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Hi guys, this is small update from my side. The current price of ETH is extremly overvalued according to current market conditions. I belive money from ETH will go somewhere else, for example BTC. I do not expect we will go above 1680$. Im expecting the great fall to 800$ maybe with the big wick to 600$. To be honest fair price for ETH according to current market structure is 400-500$. And if it will happen I will open long again. Keep in mind that a lot of pepole has staking locked for longer period of time, because the code would need to be rewritten. This will have negative impact on price and sellers will come. For me the head is formed and the structure is chaning to bearish from bullish. Lets see if im right here. Regards from Czech Republic!

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Everything according to the plan. Added more shorts at 1640$. Now we will decline slowly. Yesterday ETH done shooting star candle and just right after Higher low. I belive this is it for ETH. Going forward to 800$.

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Ohhh yeah... SPX had double top and seems that we will have huge retracement. Expecting 800$ ETH.

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LOL :D

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Trade closed manually:

Had some holidays. Trade been closed at 1490$ with profit.