Ethereum Short Opportunity
Updated
Historically, one of my most consistent calls and my hands down favorite coin to short. As a result of its intimate relationship with BTC, Eth or BTC can be used to predict the movement of the other. Because Ethereum continues to adhere so perfectly to its established trading range, and because there are a significant amount of uncovered buys still out (see volume ) It appears that there is either a BTC rally, or sharp decline on the immediate horizon....which will cause a massive Eth selloff....not necessarily a bad thing. As it presents the more bold trader a grand short opportunity provided the risk can be stomached.
As always, employ a stop loss, and if we see anomalous volume be prepared to cover.
Good luck to all who will be trading with me.
-Alamo
As always, employ a stop loss, and if we see anomalous volume be prepared to cover.
Good luck to all who will be trading with me.
-Alamo
Trade active
Trade active
Stopped out, but still waiting to open the peak.
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