I am currently very bearish on Bitcoin, believing it should not rise past 4000 and stay up. Currently have many limit orders from 3900 and beyond, with some filled already.
Once Bitcoin moves up, it will be time to short Ethereum. Either way Ether should be moving down in the medium term. Eth has been kept up only because of its correlation with Bitcoin. Looking at the smaller timeframes, there is obviously a lot of supply at this current price.
So short Ether when Bitcoin is 3900+. You can scale in now.
Thanks for viewing!
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Dump occured. Nice.
I would hold this short.
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I just want you guys to be aware that any sort of minor pump should be used to fill shorts.