Two different thoughts here, first is what I believe will happen, there will be a bulltrap that is rejected off the downward trend which will a nice 40% on the short. From Feb 2nd to Feb 19th hit our ask and we will reach our 1754 hitting our asking short at 2896, it is a nice 39.84% in your pocket. Option two we will follow bitcoin which will hit 30k by Feb 2nd meaning we will never see the 2896 this is okay though if you watch the daily closes and see us close under 2412 in which case you can a 24% return on the short. IT ALL is a bulltrap at the moment don't get caught with your pants down there is to much sell pressure on these downtrends so play them don't go against the grain you can't alone turn the market around, FACTS.
LONG TERM strat in the Bear market: Accumulate as much ETH as you can in a short time frame, so you will be wanting to play thesse shorts on an exchange where the settlement layer in Ethereum. two reasoning for this. 1.) ETH 2.0 will eventually be launched and having a nice hedge in eth would be a great opportunity for staking and a passive income. 2.) Pulse chain will have a screen shot of the entire Ethereum chain, even though Pulse is a pie in sky dream its a free airdrop and having a hedge in it never hurt anyone.
Happy Trading
"The kids are at there mothers house."
-KewlKat
LONG TERM strat in the Bear market: Accumulate as much ETH as you can in a short time frame, so you will be wanting to play thesse shorts on an exchange where the settlement layer in Ethereum. two reasoning for this. 1.) ETH 2.0 will eventually be launched and having a nice hedge in eth would be a great opportunity for staking and a passive income. 2.) Pulse chain will have a screen shot of the entire Ethereum chain, even though Pulse is a pie in sky dream its a free airdrop and having a hedge in it never hurt anyone.
Happy Trading
"The kids are at there mothers house."
-KewlKat