ETH Thoughts for Long Term Purchase Entry

17 авг. 2021 г.

I've been watching this market unfold carefully and have been sitting in the sidelines in cash since $2800. The parallels to basically every bull trap post-bubble in all of crypto looks dead on to where we are at with the market.

Not to mention overwhelming "to the moon" sentiment in all the ETH/Crypto subreddits.

We still have yet to hit true capitulation and certainly not despair yet during this cycle. All the talk of super cycle / setting new highs sounds like peak euphoria/denial/NEW PARADIGM and thus I'm taking the trade against the herd.

I'm going to begin entries at $1800, and will begin to DCA the rest of my position in as we poke around down in those lows. Purple is my buy zone in my chart, and I'm happy to buy anywhere in that region for a LONG TERM play. I'm looking to accumulate as much ETH as possible as I'm very bullish on it's future, and once my entries are in, all that coin will end up going into a self run staking node.

If it goes below $1000, will really load the boat hard.

21 сент. 2021 г.

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Still in play. Been patiently waiting my ass off, which has been very difficult, to just sit on the sidelines and wait especially with all crypto's mooning hard.

Thesis is playing out, and if several more key supports are broken I will consider this a very sound play.

Still looking for entries from 2k all the way down to $1300. Will dollar cost average in these areas, and do big buys if it reaches the lower bounds.

10 мая 2022 г.

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Still waiting. Will I get my entry?

12 мая 2022 г.

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After almost a year of patience and sitting on my hands... I've got my entry. Big market buys getting filled now with more down a bit lower if it heads there.

6 сент. 2022 г.

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This idea was updated with a new one. My target zone was reached and ETH has been ranging in this zone as I DCA in for my long term accumulation entry.

21 янв. 2023 г.

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Happy to have snagged those $1000 ETH :-)

30 июн.

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Update on this one. I built a pretty sizeable position in my original purple zone showed in this chart and the part 2 which I posted as well.

I still am currently holding that ETH and have had it staked since purchase. Quite happy overall with my entry. I did miss out on that big second blow off top during the bull run, but I got a phenomenal entry and have made a decent amount of income from having the position fully staked.