$ETHBTC: Ethereum peaked...short it.

26 ago 2022

The pre merge enthusiasm caused a big rally in both the ratio and dollar charts, both charts just flashed a short signal in the daily chart with very tight stops and big reward to risk, with open ended downside if it keeps trending down after the 1st range target is hit here. I'm long SPY vs a long BITI position as a pair trade currently, but will also add an Ethereum short as well. (probably ok to do a naked short or own puts)
Best of luck!
Ivan Labrie.

26 ago 2022

Trade chiuso manualmente

Reaction to PCE data has ruined the move here, might take longer to drop in the ratio. I am flat again, took a 0.26% hit.

26 ago 2022

Trade attivo

This one might end up working maybe...

26 ago 2022

Nota

So far, so good...A lot can happen into the close, but looks like a valid top signal here in the ratio.

2 set 2022

Trade chiuso manualmente

Seems like my short covering was timely...I managed to exit when I covered my BTCUSD short a couple days ago.

I'm long, but didn't update here when I covered the short (I did tweet about it though)
Daily trend failed, points higher here, and weekly flashed an uptrend signal, seems like it'll go higher in the ratio, into the merge and a bit after.

2 set 2022

Nota