I previously published a trade idea named "ARE YOU A SUCKER?" I definitely was not a sucker. Despite longing, then shorting, then attempting to long again, I did catch the short on Ethereum prior to its drop yesterday. I also scalped it short from current monthly highs. I tend to trade the lower timeframe but keep a focus of the larger timeframe. However, now I believe after months of consolidation, the bears are about to set the picture right on the larger time frame.
I believe that if July lows are broken, it would be a difficult task for the price to get back up to current levels without visiting BTC $31804, ETH $1800, and SOL $30 first. Yes, I do believe BTC could trade lower than 30k, but for now I am just using the 30k as a benchmark to see how the overall market (alts) relatively acts. The more blood in the next 7 days, especially until the current weekly close, the deeper this goes. I also believe that it is likely for July lows to get broken. Moreover, with fed interest rate cuts approaching, a healthy market reset would be wonderful, wouldn't it? At this time, with the upcoming U.S. Presidential election in November, a lot of geopolitical issues may affect the markets.
I do go long and I do go short. I am a speculator, so I will take risks and speculate. For now, I believe many people will get a taste of what crypto really is.
This trade idea is not financial advice. I am not any kind of financial advisor.
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העסקה בוטלה באופן ידני
I have closed my shorts and am currently long with stop below today's current low on btc and sol.
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