2 weeks worth of gains...lost in 1 half-day

If ethereum breaks this trendline expect it to fall massively. I have not taken short because there is a probability for a bounce, but I have sold out because the risk far outweighs the reward, and I dont reccomend holding altcoins now.

I have been very bullish but even after seeing bearish signs yesterday I decided to stay long because I wanted price to go up, and I paid for it. Thats exactly what I get for being a permabull. To make money in crypto you have to be both bull and bear, if you are only one or the other, you are destined to lose.

Commentaire:

i am shorting ethereum now, if you look at the weekly usd pair of any altcoin, most are very overbought. Also, eth just broke the neckline and will probably complete a huge h&s in the next day or 2, so expect a huge dump if that happens. Next target for btc is 9400, which is under the 9500 support, so if that happens keep your shorts.

Commentaire:

things will get ugly soon