[ETH/BTC] - Dumpy Dump Time
Updated
Hello everybody :)
Today I want to share ETH/BTC, a really bearish setup.
Rejected several times as you can see on the chart and keep printing Lower Highs.
This BTC pair holds much better on to it's gains than the ETH/USDT pain when the market crashes/dumps.
But there is still some nice profit with Low Volatility if you margin short it.
If you short the Eth/USDT pair you got like double or tripple the volatility = higher stop loss needed = higher risk = Imo worse trade.
This baby have been going steady sideways with a relatively low volatility ( range between upper resistance and lower support) for weeks.
And the ace here is that BTC pairs dump when BTC explodes to the up side AND when BTC explodes to the down side :)
And we know the next move of BTC will be huge so it should be as close to a 100% profit trade as possible.
BTC pairs normally only grow when BTC goes sideways and this have not been the case for ETH/BTC for weeks while other alt coin BTC pairs have been growing nicely to the upside while BTC was moving sideways.
Making this the most low risk trade I can find. Lower than just shorting BTC directly.
And BTC is getting the deathblow as we speak the chart says so all is perfect. And even if the whales fuck us all and BTC would do a +15% move in a day kind of shit and goes to 11.500 usd kind of move - ETH/BTC should dump as a result in theory/based on history.
Our prior BTC short trade is working out as planned. As always...it is BTC after all...the likely most predictable asset in the world.
- Remember, good karma comes back, and everybody loves good Karma/Vibes, and don't be afraid of throwing the boomerang of good karma first.
Have a nice and profitable day everybody.
Today I want to share ETH/BTC, a really bearish setup.
Rejected several times as you can see on the chart and keep printing Lower Highs.
This BTC pair holds much better on to it's gains than the ETH/USDT pain when the market crashes/dumps.
But there is still some nice profit with Low Volatility if you margin short it.
If you short the Eth/USDT pair you got like double or tripple the volatility = higher stop loss needed = higher risk = Imo worse trade.
This baby have been going steady sideways with a relatively low volatility ( range between upper resistance and lower support) for weeks.
And the ace here is that BTC pairs dump when BTC explodes to the up side AND when BTC explodes to the down side :)
And we know the next move of BTC will be huge so it should be as close to a 100% profit trade as possible.
BTC pairs normally only grow when BTC goes sideways and this have not been the case for ETH/BTC for weeks while other alt coin BTC pairs have been growing nicely to the upside while BTC was moving sideways.
Making this the most low risk trade I can find. Lower than just shorting BTC directly.
And BTC is getting the deathblow as we speak the chart says so all is perfect. And even if the whales fuck us all and BTC would do a +15% move in a day kind of shit and goes to 11.500 usd kind of move - ETH/BTC should dump as a result in theory/based on history.
Our prior BTC short trade is working out as planned. As always...it is BTC after all...the likely most predictable asset in the world.
- Remember, good karma comes back, and everybody loves good Karma/Vibes, and don't be afraid of throwing the boomerang of good karma first.
Have a nice and profitable day everybody.
Note
The target of the dump is 16% - White lower line. The measuring tool is not shown on the chart. I wonder how you prevent it from disappearing when taking the screenshot/making the trading idea public.
Note
If the target white line is not hit when all the other BTC pairs crashes then just sell at what price it is at. It may drop even lower than the white line too if the market crashes harder this time than last. ( BTC below 3800 ). - "Not financial advice, I'm not a financial advisor"
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