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Byebye

False breakoutBearish harmonic. the VIX is at an inflection point and the ES looks like shit. Lots of hype around Ethereum at the moment, mostly fuelled by false hopes that will be shattered upon or even before the merge, there's this idea that eth2 will somehow make the ETH chain somewhat useable, and not just some whale and dex arbing chain. I'm not sure where it came from, ETH2 will have no impact on fees. Literally nobody who has had the pain of using ETH likes it. The most interesting trade at the moment is an ETC short, the bull case for ETC is basically "well its POW, that's good for price because... it just is ok!". ETC is garbage and its constantly 51% hacked. Its going to fade in the same way ADA did. (fuck ada). All funding rates are significantly positive at the moment, so there's no room for the Bears in denial of the rally type of trade, plus most pundits are bullish. ycharts.com PUT/CALL ratio is at the bottom of the recent range. twitter.com Interesting chart. Basically right now im just seeing bulls be bulls because "its going up, there for it shall do this more". Where as bears are coming in with the hard FACTS and logic.
Short
by InsaneGamingGoblin
10
Sorting ETC Now Ethereum Classic has no business at it's current price as profits are taken it is going to dump massively. This is my plan. Risk to reward is incredible on this opportunity. Let's send it where it belongs. Shorting Ethereum Classic seems like the logical thing to do. I am not using leverage but if you do don't go over 3x unless you know exactly what you are doing. I might add leverage to the position later to pull some capital out of the trade but that would be the only reason I used leverage on it. I am risking 3.3% of my account on this trade. 0 Leverage to start. Best of luck and hope someone is able to make something off this. I know there are many hurting right now and the only reason I am sharing some of my trades. Not Financial Advice but this is: Never Risk more then you can afford to lose and never risk more then 3-5% of your capital on any one trade. That is with no leverage. Technically that isn't financial advice either just good capital preservation.
Short
by Z3R0-G3N3S1S
6
AUDUSD LT viewRationale: - Although recent GDP growth figures have exceeded expectations, there are signs that the Chinese economy is becoming more unbalanced; $MS predicts a Chinese slowdown, potentially reducing demand-side pressure for iron ore (and /cl's failure to maintain above 50 will only aid supply-side capacity) - I maintain a bullish stance on $ as I believe that the hiking trigger will be pulled in December as a) recent data supports a hike 100% in my view and b) Yellen has little choice if she wishes to maintain any degree of credibility within the market. - Early signs of weakness developing within the Australian labour market. With mining investment staying weak and housing slowing down, two important pillars for employment growth have weakened. The recent uptrend is a pullback of the multi-year downtrend and recent price action shows that a break above 0.77 ain't happening - sorry bulls. Recent CPI data has propped her up - use it to sell rallies on this pair. High R:R - enjoy watching this pair hit the deck.
Short
by jamiegleave
3