obvious dips is obvious in retrospect.
i'll bet most people if they attempted to 'day trade' would've sold all the moment it hit $1000 and sat around for months afterwards.
HAHAHA, obvious in retrospect only if you are dumb maybe.
Right now Ethereum is dipping, I can tell you right now it will dip to about $150, possibly more to double digits like $95
If you aren't shorting Ethereum right now and then buying the dip at $95-150 you are just plain dumb and hate money. So sorry for you and your family
Increased capital gains taxes from frequent trading must be considered. Those paying a capital gains tax of e.g. 30-40%+, need to make excellent trades for trading to pay off.
There are also huge risks involved with shorting cryptos. I asked the TradingView chat about how how the hell so many of them said they lost all their money. The common theme? They were all shorting cryptos, and the whales destroyed them.
Let's see if your prediction comes true. It seems likely, but not guaranteed, as you make it sound. Remember that many people are buying and holding ETH simply for ICO investment, so TA must be taken with a grain of salt (as always).
For those of us who got in cheap, e.g., $8, a correction all the way to $95 is easily manageable. I sold half my ETH at $400 as a hedge, but I'm holding the other half to avoid the tax implications of capital gains. I believe believe the average person using a portfolio strategy (buy pre-pump lows of innovative projects, sell exponential pumps), is massively outperforming the average active trader. Traders may get better exits on short and medium term moves, but the most reliable way to win is to buy innovative projects super low before the swing traders get in, and hold them until hysteria hits.
If capital gains tax did not exist, I would be trading more actively using Ichimoku. But I've run the numbers, considered the odds, and would rather spend my time on other things than trying to time perfect entries and exits to compensate for increased tax load.