IMPORTANT ETH UPDATE
We bought back 50% of Ether we sold at $1700.
Why we did this?
1. Yesterday we saw a
sharp correction but the previous ATH level wasn't reached. It means that the massive part of buy orders didn't reach, because the target is going upwards.
2. The
12H candle formed a Hammer pattern and closed above the strong ascending trend line.
3. Funding rate is negative which is
very good for holding LONGs.
Summary: we're staying away from discussions about
CME and their positions. Time will show. For now we see a clear opportunity from the market — buy #ETH at
$1600 and sell it near $2000. We will
take it.
