in case of continued divergence

it's easy to project a stellar agenda littered with exaggerated hyperbole, when your project is increasing in valuation at an unprecedented velocity.

it's hard to exercise patience, reserving the broadcast of your hopes and dreams for outlets that will not pollute the perception of underlying concepts you may be desperately trying to offer.


at times, the speed at which sentiment can change is rather fascinating, if not disturbing. with "ETH 2.0" effectively becoming obsolete terminology, confidence surrounding the historical foresight of the ethereum roadmap has started to deteriorate.

this is in no way FUD, or intended to convey a stance against ethereum. i'm merely discussing a shift in the traditional euphoria that accompanies bull markets and their inevitably subsequent decline in energy; along with the more or less mandatory consideration that is owed towards the misleading agenda presented by the not only the ethereum foundation, but the vast majority of leaders behind these projects.

with that being said, what the fuck am i talking about? ether is overbought. simple enough. a great platform with great potential that was lifted to a valuation which is at present time, not fulfilled through underlying purpose. beyond the vast array of applications that utilize the blockchain to operate, ether's large uptick in price solely relied on the seemingly promised overhaul that would aim to accommodate the project's inherent flaws surrounding energy consumption (and of course, transaction fees). now, we can see the developers of ethereum are attempting to shift the narrative to a broader (albeit, increasingly ambiguous) description surrounding their game plan.

"don't think of it as ethereum 2.0, it isn't intended to resemble that sort of upgrade" is what they said (not verbatim)

"our supporters said to the moon and we got too excited" is what they meant.


under-promise, over-deliver. I guess someone should have passed that lesson along to the ether labcoats.

entry is north of 0.065. if you see the bastards kick it to 0.07, play it safe and take anything higher than that.

short to 0.052 or lower.

EDIT: forgot to touch on the subject of divergence. btc has held steadier than eth. that's why were looking at ethbtc. continued divergence would be anything that further separates eth from bitcoins performance. for the sake of this trade, we want that separation to be on the downside.3

Komentarz:

worth mentioning, best case scenario targets are something absurd like 0.042

Zlecenie aktywne:

short position entered ~0.0692