Eth breakout or fakeout? See why we tend to think its a fakeout!
Aggiornato
Long time, no see.
Real life responsibilities had to overweigh the content creation part (this). Now that we are back, we will try to update more frequently tho (we being me and my imaginary friend ;-)
Now you are here to get a insight i what I BELIEVE is gonna happen, aren't ya? :-) Well, the quick and dirty is: I'm bearish short and medium term, but still hella bullish in the macro!
Why? I think bearish is good for the future of crypto. I would esp like to flush out more shitcoins, see weak hands sell and apply maximum pressure / pain / willingness HODL - to the people that bought 5-6k levels! ;-)
I wont for now publish more macro targets. First, i wanna share a trade yeah withya for ETH that i think has its merits.
I would look to entry a SHORT for eth at lvls 190-195. patience/ time lvg and position sizes will determin your entry. I think Eth will pump ultra short term (6-24 hours after releasing this) and dump rather hard at these lvls.
Entry: 192-195
Exit: 165-169 (exit only to reposition future short better - bounce will possibly occur at this lvl, more on this if this plays out)
Gains: 15%
SL: This trade is risky but can be handled very well in multiple of situations even if going south. I will prolly exit my position if ETH cracks 205$ lvl with conviction - more on this if this scenario plays out :)
Remember this is an idea, dont trade because of this. This small post is really to open your eyes for a broader view and may not even be correct. DYOR
Bless,
E
Real life responsibilities had to overweigh the content creation part (this). Now that we are back, we will try to update more frequently tho (we being me and my imaginary friend ;-)
Now you are here to get a insight i what I BELIEVE is gonna happen, aren't ya? :-) Well, the quick and dirty is: I'm bearish short and medium term, but still hella bullish in the macro!
Why? I think bearish is good for the future of crypto. I would esp like to flush out more shitcoins, see weak hands sell and apply maximum pressure / pain / willingness HODL - to the people that bought 5-6k levels! ;-)
I wont for now publish more macro targets. First, i wanna share a trade yeah withya for ETH that i think has its merits.
I would look to entry a SHORT for eth at lvls 190-195. patience/ time lvg and position sizes will determin your entry. I think Eth will pump ultra short term (6-24 hours after releasing this) and dump rather hard at these lvls.
Entry: 192-195
Exit: 165-169 (exit only to reposition future short better - bounce will possibly occur at this lvl, more on this if this plays out)
Gains: 15%
SL: This trade is risky but can be handled very well in multiple of situations even if going south. I will prolly exit my position if ETH cracks 205$ lvl with conviction - more on this if this scenario plays out :)
Remember this is an idea, dont trade because of this. This small post is really to open your eyes for a broader view and may not even be correct. DYOR
Bless,
E
Trade attivo
First targets met - lets see if theres follow throughNota
Soooo the pumped happened. I pretty much nailed the top at 195.55. First break down to 191. But there will be more downside. Prolly a bounce to 192-193 before a bigger flush. Lets see
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