Updated: Nov 8, 2020
Just a quick trade
Bitcoin is almost at 16.000$.
Although this seems very nice I think we should prepare for the normal and very natural crypto cycle : money goes into bitcoin then moves into large caps then mid caps then small caps and finally, back into fiat.
Considering this cycle I have opened a small ethereum long position at 412 $ ( Stop Loss 410$ ) :
Please remeber that this is not investment advice. My leverage is very high because I enjoy high risk trades. Sometimes they pay off, sometimes they don't.
I do think eth is about to make a huge breakout to the upside of 6-700$ confirming my last VIP report.
Trade carefully my friends, the correction on BTC is not far.
Update : ETH is hovering around 430 $. At the same time BTC lost about 500$ from the top. I do think we will see another leg up before rocketing to 8.800$ ( still have an order there ).
Update 2 on the 8th of November : I closed my position on the 460$ level with a 934$ PNL.
Looking to re-enter at 430 - 435$ level .