I've been watching the market closely and want to share what I'm doing. Recently, Bitcoin rose as high as $62,500, and it looks like we are breaking out of that level. At the same time, I've noticed a lot of movement in Ethereum whale alerts, moving large amounts from cold wallets to Coinbase. This suggests a big move for Ethereum, almost like a salmon swimming against the current, as Bitcoin continues to want to rise.
Investigating further, I came across EtherFi, a well-known project, and have seen that its price has been dropping. This reflects the trend of whales liquidating Ethereum. Although it is not easy to make Ethereum fall due to its high capitalization, lower capitalization assets like EtherFi are more vulnerable.
For this reason, I have decided to bet short on EtherFi, waiting for the last exhausting candle to appear that will indicate the right time to enter an upward position.
The exhaustion candle is very similar to the one in the image, but it is not the one indicated if it appears 3 minutes on the chart, I wait for the same on a 15 or 30 minute chart, but to wait I close the 3' one and open it again if the fall keep going