First time publishing a chart, thought this was worth pointing out. We've also been consolidating underneath the weekly 50 MA which doesn't look too great for the bulls. I'm currently short on ETH from around 625. If bitcoin has a strong break through 8-8.2K I might consider closing, but I think a retest of 7k is more likely.
Comment:
7k rejected. Holding on to my ETH short until it expires.
Trade closed: target reached:
Closed 90% of my 625 ETH short at 438. BTC and ETH have bullish divergences on the daily so feels safe taking profit here.
Trade closed: target reached:
Closed that last 10% at 434. Amazing bounce happening right now. Didn't go long but glad I fully closed out.