ETH has made it back to 0.886 with BTC at downtrend resistance. A great short right here. Not advice however.
Comment:
I haven't decided yet, but I may just hold this short and wait for the elevator down.
Comment:
If Bitcoin makes a nice tidy capitulation down to the lower triangle trendline I will buy-to-close some ETH shorts expecting a probable bounce - also looking at ETH support.
Trade closed: target reached:
Im all out here with ETH at $2240. It could have another leg down if BTC touches the lower pennant, but looking like a bounce may be coming and just passed support. I'll happily exit early to not wake up to potential bounces,
Comment:
ETH up 7% today since close. Bounce evaded.
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