I'm bullish on Ethereum.
It has been underperforming this cycle.
The mean reversion trade.
ETHBTC will be 0.0075
No TA. Just meme lines.
It has been underperforming this cycle.
The mean reversion trade.
ETHBTC will be 0.0075
No TA. Just meme lines.
Note
Very comfy with spot Ethereum.Staked the ETH into Lido to get 3.5% yield.
Trade active
Every dip is for buying more. ETH is undervalued compared to majors like Bitcoin and SOL. 30% of ETH is locked up and staked.Note
I'm so bullish ETH because ETHBTC is also looking bullish.
Note
🧲🧲🧲🧲🧲🧲April 20, 2024
ETHBTC 0.075
Option 1:
6K Ethereum
80K Bitcoin
Option 2:
6666 Ethereum
88888 Bitcoin
Trade active
Zoom in on the 4H candles.Everything going according to plan.
Trade active
Some consolidation and pull back is healthy to build structure.Ethereum hasn't seen too many red since Janary.
Trade closed: stop reached
Made enough profit on this trade with leveraged. I'm not greedy. Got out of the trade.Trade closed: target reached
I'm no permabull or permabear.Sold everything on March 14 including my long term HODL positions.
Going forward I'm bearish: Cryptos and Stocks. Right now I only have my trading account looking for SHORT setups.
My thesis is a recession is coming Q2 2024 and I rather be early.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.