So, ideal place to short was $254.71, which will have stops placed just above it. The BO level is $219.72 for a momentum short. Targets are marked according for profit taking. All this market need is a catalyst and we're off! If we trade above invalidation level I will update.
Almost at MIN TP
Overall this was a veryyy good trade ;)
looking like a good analyis there. what do you think the time frame is for the TP Mid level for you?
For ETH ASICs I'm thinking this will impact AMD as well - it will be double wammy. But a closer look reveals the Bitmain product is not much stronger for hashing, and consumes more electricity. A bit more inferior maybe. But thats just an opinion. Watch the charts and trade the patterns.