Still shorting BTC and ETH? You’re asking for trouble!
Recently, I've noticed a lot of folks in the square are shorting BTC and ETH. What's the reasoning behind this? Are they looking at the bear market cycle? Checking the candlestick patterns? Analyzing the MACD? Observing overbought and oversold conditions? Let me give you a tip: if the market could be reliably profited from just candlesticks and indicators, then trading would be a walk in the park; anyone could make money with indicators, and the crypto space would be a ghost town. The market is all about endless setups and harvests. As I always say, when you’re placing trades, you need to think like the whales. That way, even if you take a hit, it’ll be a minimal loss. Let’s take a closer look at what the whales are up to and what their intentions are.
ETH trend for the next 2 weeks: If it can hold between 2300-2350-2370, we could see it pushing above 2600. I'm not bullish between 2200-2300; the max downside is 2130-2180 before it bounces back to above 2600. If it reaches above 2600, even holding positions, you should short down to below 1700! We're looking to grab 700-1000 points in this bear market! $ETH