Hello eth/btc is about to retest previous support zone and i think its a good setup for a short with close stoploss above red zone.
I expect eth to drop to 400USD so rougly -50% on eth/btc. Good Risk/Reward ratio
Volume on ethbtc is lowest since 2017!! (Let that sink in). This is a nobrainer setup with high propability according to my volume analysis.
DYOR.
I expect eth to drop to 400USD so rougly -50% on eth/btc. Good Risk/Reward ratio
Volume on ethbtc is lowest since 2017!! (Let that sink in). This is a nobrainer setup with high propability according to my volume analysis.
DYOR.
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~400 supp range would be the target if crypto´s overall bull cycle is still intact.
If the bubble is going to burst for real even 2 digit eth prices are possible. honestly that sounds even too deep for a bear like me but theoretically its possible, just hard to imagine as we are still trading above 3k..
~400 supp range would be the target if crypto´s overall bull cycle is still intact.
If the bubble is going to burst for real even 2 digit eth prices are possible. honestly that sounds even too deep for a bear like me but theoretically its possible, just hard to imagine as we are still trading above 3k..
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Recommend to put stoploss in slight profit now if your entry is my shortzone...trade cant go wrong from now on, worst case would be triggering stoploss and then tanking down which i dont expect anymore at this point, and if so we are propably bullish which i also dont expect.
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watching out for a big drop soon
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after some more thinking i believe eth/btc may not be the best pair for shorting crypto in the coming bear market. in the end eth has more real life utility then bitcoin and it could actually go up in a bear trend (never happened before tho).
Eth could even flip bitcoin in a bearmarket. i guess noone would expect that. its still theoretical and against historical odd´s so take it with a grain of salt...loooking to scale from eth/btc into eth/usd or btc/usd short for better risk/reward.
Eth could even flip bitcoin in a bearmarket. i guess noone would expect that. its still theoretical and against historical odd´s so take it with a grain of salt...loooking to scale from eth/btc into eth/usd or btc/usd short for better risk/reward.
On a bigger frame ethbtc seems to trade in a classical "Bart Pattern" so i expect a very sharp decline in price very soon