Long after Deribit Option Expiration
September is historically weak, I believe we are going to range between Res at 3.4 and Sup at ~3k maybe wicking down to 2,8k.
Considering Ethereum went on a run for at least 6 days in a row after the monthly deribit option expiration, for the last 6 months, I was able to understand why that might be engineered rather than pure chance and therefor I'm willing to bet this is going to happen again starting on 24/09/2021. RSI is showing a bullish divergence with eth price action that we have seen before in the past, which initiated a parabolic run a few weeks afterwards. I'm going to long eth with size on Sep 24 2021 trying to get an entry after the expiration dip at 10am CEST. Macro view is that we are going to so a new ETH ATH in October, latest early Dec which will be in confluence of the entire market ripping new ATHs
Considering Ethereum went on a run for at least 6 days in a row after the monthly deribit option expiration, for the last 6 months, I was able to understand why that might be engineered rather than pure chance and therefor I'm willing to bet this is going to happen again starting on 24/09/2021. RSI is showing a bullish divergence with eth price action that we have seen before in the past, which initiated a parabolic run a few weeks afterwards. I'm going to long eth with size on Sep 24 2021 trying to get an entry after the expiration dip at 10am CEST. Macro view is that we are going to so a new ETH ATH in October, latest early Dec which will be in confluence of the entire market ripping new ATHs
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