Always emphasize that a large bearish candle is the true directional signal. The short strategy we have adhered to has only experienced fluctuations along the way, which are merely incidental.
It was clearly indicated over the weekend that there would be a second dip to the 80,000 level this week, and this morning's decline confirmed that as expected. In this kind of "slow rise, rapid fall" market, rebounds are often traps.
Whether you are positioned for shorts anywhere in the range of 88,000 to 93,000, or in the Ethereum range of 2,900 to 3,050, you are now fully profitable.
