Preface: Not trading this.
This trade relies entirely on Ethereum continuing to lose its value.
If you're short term bearish on ETH but will want some in the long run when its trend reverses, this is the perfect swing trade. The only issues would be liquidity and an awful bid/ask spread.
This trade relies entirely on Ethereum continuing to lose its value.
If you're short term bearish on ETH but will want some in the long run when its trend reverses, this is the perfect swing trade. The only issues would be liquidity and an awful bid/ask spread.
Comment:
Broadening descending wedge, but also: looks like crap
My published indicators: www.tradingview.com/u/NeoButane/
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)
Sorry if I haven't replied to your message yet, I'm a bit backlogged :)