SHORT ETH - TARGET $1,650
Still short ETH with a target of $1,650.
I expect $1,650 to have a great potential for counter trend rally with a retracement (at the moment likely around $2,450ish).
If this is the case I will be adding to the short with the rally.
Trailing stop updated to $3,000.
***Bonus***
If this continues and confirms as a longer term bear trend, as judged by the weekly, we could easily see prices go as far as $700 - $600. THIS IS NOT THE TIME TO BE LONG.
I expect $1,650 to have a great potential for counter trend rally with a retracement (at the moment likely around $2,450ish).
If this is the case I will be adding to the short with the rally.
Trailing stop updated to $3,000.
***Bonus***
If this continues and confirms as a longer term bear trend, as judged by the weekly, we could easily see prices go as far as $700 - $600. THIS IS NOT THE TIME TO BE LONG.
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