I’ve been conveying such an opinion in the past analyses that the rebounding of coins are just a dead cat jump. We should see such a rebounding as a chance to short them but not long them. The drop yesterday makes me increasingly confident that these coins will keep going south before the September.

I didn’t give a clear advise in last analysis for the signal itself was not clear, but today,the signal is clear and loud: short it!

ETHUSD

I said If the price shows a 15 USD’s red candle, the it can be seen as a short signal. Now, the red candle is in position.

Specifically, short it here at 300, SL at 320. TP at 250.

BTCUSD

I gave two setups for BTCUSD in last analysis, now the signal is also here. Technically, short it here, SL at 6700, TP at 5800.

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