1) ETH lagged behind both BTC and alts, staying in a range. The fundamental reason: it's too popular! High gas fees had people moving to BNB.
2) Then it broke out to new all time highs with the promise of an update in Q3 reducing gas fees.
3) A quick drop and break of the downside means we're dropping again. Oh well, we get to buy ETH cheaper soon. The previous long traded gained 6%, so it's all good.
Stats are from 1/1/2020 to current using ~2% risk.
I don't like shorting because crypto has gone nowhere but up, but if that's your thing, go nuts!
2) Then it broke out to new all time highs with the promise of an update in Q3 reducing gas fees.
3) A quick drop and break of the downside means we're dropping again. Oh well, we get to buy ETH cheaper soon. The previous long traded gained 6%, so it's all good.
Stats are from 1/1/2020 to current using ~2% risk.
I don't like shorting because crypto has gone nowhere but up, but if that's your thing, go nuts!
