Get started

Ethshorts

Ethereum to 700? Bears Go on Rampage to Leave Blood on Streets! I think it's safe to say that we should be out of all positions be it stocks or anything else. This includes crypto. Many have the last hope that somehow cryptocurrency is immune and will be the shining light in this hour of darkness. I know that's what many want to believe, but if you are rational and honest deep in your heart, you will know the truth as well. Many people are hurting, many people are in denial, but in such moments we must face the truth and avoid being emotional. Whatever goes up must go down, we've had decades of free money and happy times. Now it's time to pay the piper. The good news is, the one's who survive will be the new kings of the world. If we play our cards right, this is a fantastic opportunity to 10X your networth and take ourselves to the next level. The pain is no where near over. If you think the bottom is in...think again. Hopium and copium is not the way we do things here. We are rational actors. We've had a great run and made lot's of money. We can make EVEN more money as this reset is the greatest opportunity of the decade. So please, protect yourself at all cost. The goal is to survive and protect your capital. So that we can take advantage when the streets are filled with blood. Only the rational few with resources available will remain standing and we will be the kings of the next decade. In my opinion, any pump from now onwards is just another trap for the lambs to bring them to slaughter. Keep as few survivors as possible to eliminate the competition and the rich shall get richer. It happens again and again. As for current analysis of Ethereum, we are facing a bear flag. Wait for breakout confirmation and if you want to short, take a position with stop loss above the flag. We will break 1200 soon and next resistance is psychological resistance of 1k USD. I think this resistance is weak. We will probably revisit 700-800 soon. Is that the bottom? To be honest, even then I highly doubt it. We have further to go. Again, I know people are wishing and hoping that it isn't true, that somehow crypto will counter the market and be the safe haven we wish for. But it is NOT. Bitcoin is still considered a speculative, risky asset. Not a safe haven. Dollar is still king. Wait for capitulation. When all are dead, we will strike and Bitcoin will rise again. Remember, we have had free money for DECADES. This is only a few months from all time high. Do not fight reality, do not fight the markets, do not fight the FED. You will lose. We go with the flow and make money along the way. Keep calm and stay safe. We will be back soon, what goes down will come up and it will be a wonderful blue skies in the next halving. Bitcoin will not die. Believe. See you all at the bottom :D I'm very excited. This will be my opportunity to breach 100 million and 10X my net worth. It's your opportunity too. If you remain rational.
BITSTAMP:ETHUSDShort
by RaenShimura
2