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This is from Bitmex newsletter, by Arthur Hayes: I agree with this words. Going back to the continued halving rhetoric, if we stay in this price range post-halving then the rewards are similar to the levels we had pre-halving. A price of $300 to $400 pre-halving dissuades new mining operations. Cutting that subsidy in half, that leads to an equilibrium of $600...
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perfect spot for a short before continues going up. Another strategy is to keep short open, and break even in worse case. In case this is a top for bigger drops
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ETH is not decisive, an will keep making triangles.. breaking them open options for trades
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