How to trade the ETH merge event?
Yes, sell the news event in my opinion. Here is why?
- no, it's not like the Bitcoin halving. Actually, nobody knows what kind of event the merge will be, but this is why I prefer to be on the sell side
- macro economic situation - "winter is coming" around the globe (especially in Europe) and this will bring for sure on of the biggest crisis of our time. Risk assets like crypto are a thing that people won't need
Will the short appear immediately after the merge? No.
- the market sentiment is too bearish right now and this is a great moment for a squeeze. 1800-1900$ is still a good resistance box, where you can place your shorts.
- the market doesn't do what everyone expects. That's why - first pump, then dump
Targets?
- well, I think that 3-digits prices are not far away from us and will be a life-changing opportunity for a big spot buy
- no, it's not like the Bitcoin halving. Actually, nobody knows what kind of event the merge will be, but this is why I prefer to be on the sell side
- macro economic situation - "winter is coming" around the globe (especially in Europe) and this will bring for sure on of the biggest crisis of our time. Risk assets like crypto are a thing that people won't need
Will the short appear immediately after the merge? No.
- the market sentiment is too bearish right now and this is a great moment for a squeeze. 1800-1900$ is still a good resistance box, where you can place your shorts.
- the market doesn't do what everyone expects. That's why - first pump, then dump
Targets?
- well, I think that 3-digits prices are not far away from us and will be a life-changing opportunity for a big spot buy
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