Short 0.033-0.034 with a tight stop and a 0.02-0.018 target.
ETH looks like it's gone up too far too fast.
If this does become a double top and a bubble pop then 0.018 is a reasonable target.
If it breaks 0.035 on the upside then I'm wrong and all bets are off. Keep in mind that LTC looked toppy at $12 back in the day after consolidating at $3 but boy was it wrong to short that one there - it ended up topping at $55. I am betting on ETH not doing that any time soon but keep that in mind if it does break to the upside.
If this does become a double top and a bubble pop then 0.018 is a reasonable target.
If it breaks 0.035 on the upside then I'm wrong and all bets are off. Keep in mind that LTC looked toppy at $12 back in the day after consolidating at $3 but boy was it wrong to short that one there - it ended up topping at $55. I am betting on ETH not doing that any time soon but keep that in mind if it does break to the upside.
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