Hello friends,
I am short ETH from 1345. I am not necessarily bearish on ETH but I consider it roughly equiprobably that it makes a new all time high versus dropping considerably. I have risked 3% on this trade.
I've heard a lot of talk about "growth" in ETH etc. I don't believe it. That said, it doesn't matter what I think, it can still go massively up. I'm just in this trade because I think that while probably I will be wrong, the payoff is high enough such that it is a positive expected value trade for me to take.
Seems also the people are extremely bullish ETH, which that compounded with the fact it is at ATH means I tend to lean bearish.
Thanks,
Shkreli
I am short ETH from 1345. I am not necessarily bearish on ETH but I consider it roughly equiprobably that it makes a new all time high versus dropping considerably. I have risked 3% on this trade.
I've heard a lot of talk about "growth" in ETH etc. I don't believe it. That said, it doesn't matter what I think, it can still go massively up. I'm just in this trade because I think that while probably I will be wrong, the payoff is high enough such that it is a positive expected value trade for me to take.
Seems also the people are extremely bullish ETH, which that compounded with the fact it is at ATH means I tend to lean bearish.
Thanks,
Shkreli
Note
fyi stop is 1480.Note
stop out. It's fucked up. o well
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.