Long Ethereum: 60 days to 6K at 4/20

I'm bullish on Ethereum.

It has been underperforming this cycle.

The mean reversion trade.

ETHBTC will be 0.0075

No TA. Just meme lines.

Comment:

Very comfy with spot Ethereum.
Staked the ETH into Lido to get 3.5% yield.

Trade active:

Every dip is for buying more. ETH is undervalued compared to majors like Bitcoin and SOL. 30% of ETH is locked up and staked.

Comment:

I'm so bullish ETH because ETHBTC is also looking bullish.

Comment:

🧲🧲🧲🧲🧲🧲

April 20, 2024
ETHBTC 0.075

Option 1:
6K Ethereum
80K Bitcoin

Option 2:
6666 Ethereum
88888 Bitcoin

Trade active:

Zoom in on the 4H candles.

Everything going according to plan.

Trade active:

Some consolidation and pull back is healthy to build structure.

Ethereum hasn't seen too many red since Janary.

Trade closed: stop reached:

Made enough profit on this trade with leveraged. I'm not greedy. Got out of the trade.

Trade closed: target reached:

I'm no permabull or permabear.

Sold everything on March 14 including my long term HODL positions.

Going forward I'm bearish: Cryptos and Stocks. Right now I only have my trading account looking for SHORT setups.

My thesis is a recession is coming Q2 2024 and I rather be early.