Hi there. I was just thinking about this short. Why not? Risk reward seems ok.
I moved the entry further up than i usually like but thats because ETH shorts has rekted me in the past :) I only want to short if i can get close to the best possible entry i can imagine. Have a good day.
Based on the feedback and further analasys i have decided not to do the trade. Sorry.
BitMEX provides 100x leverage and is in tremendous growth. They are a great way to profit off of bitcoins volatility. Make sure to get an account and try them out. https://www.bitmex.com/register/iP7sMI
Will certainly applaud you if you short and get it right at this level. I think we have a bit further to go and my Target is 0.0286 simply because there will probably be some window dressing here and we been languishing down here for too long!