ETH is 100% going down, and I will prove it (proof is in bold).
It is super simple and cannot be denied.
Do you have any idea how much ETH ICO scam artists accumulated?
There is not even any debate, at least 90% ICO are INTENTIONAL scams.
Ask me, 100% are big scams, whether their creators lie to themselves or not.
At least some of them are honest and after they accumulate sucker's money leave posts such as:
"Franko is a shitcoin LTC clone I made to scam people. It took me about 30 minutes to make and made me a tidy sum of money. It was my first scam. Not my best scam but the first of many. Through making FRK I understood how to scam people and that I'm generally good at it."
All you need to know is this:
A/ Do you have any idea what large sums of cryptomoney were accumulated by ICO scammers?
B/ Did you know they have not cashed out yet?
C/ What do you think this kind of people is:
1- Hard workers, very patient, that would invest in something and wait decades for it to raise in value, Warren Buffet style
2- Ooooor option 2 = lazy criminals looking for a shortcut to get rich and blow up every thing on cars drugs and prostitutes?
After reading this, do you think ETH is going to go up, or down?
If I get a shot at shorting ETH at a big resistance I will wire money back into crypto to do that, should only take 1 day.
This would be a long term trade. It would take a while for ETH to fall 95% from 400 to 20 bucks.
I would take profit on every support, and re-short it progressivly as it goes up.
I think we might get to short this by october.