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ETH Thoughts for Long Term Entry Part 2
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Following up on my previous idea here: 
I have been sitting on my hands since August 17 2021, waiting patiently and sticking to my plan for my entry as posted in the above chart.
As we wicked down into by buy zone illustrated in the first chart, I had a bunch of orders trigger. We are continuing to revisit this area, and orders are being filled. Once I accumulate the position I am aiming for, I will continue to just DCA at these levels.
I think that at the very least we are in for a relief bounce / retracement seeing as we are at what has proven to be a great buy zone on the weekly RSI, and very close to the 200 EMA, which I believe will be the local bottom for this move.
My sentiment has changed a bit however, and I may unload my position during the relief bounce as I am quite uncertain about the crypto market at the moment with the macroeconomic fundamentals.
Just figured I'd post an update as the idea I posted almost a year ago, is actually seeing some action.
I by no means consider myself an expert, but I stuck to my plan and my target entry after exiting in the 2800's, and waited for many many months to re-enter.
Will update if my thoughts and move changes.
I have been sitting on my hands since August 17 2021, waiting patiently and sticking to my plan for my entry as posted in the above chart.
As we wicked down into by buy zone illustrated in the first chart, I had a bunch of orders trigger. We are continuing to revisit this area, and orders are being filled. Once I accumulate the position I am aiming for, I will continue to just DCA at these levels.
I think that at the very least we are in for a relief bounce / retracement seeing as we are at what has proven to be a great buy zone on the weekly RSI, and very close to the 200 EMA, which I believe will be the local bottom for this move.
My sentiment has changed a bit however, and I may unload my position during the relief bounce as I am quite uncertain about the crypto market at the moment with the macroeconomic fundamentals.
Just figured I'd post an update as the idea I posted almost a year ago, is actually seeing some action.
I by no means consider myself an expert, but I stuck to my plan and my target entry after exiting in the 2800's, and waited for many many months to re-enter.
Will update if my thoughts and move changes.
Заметка
Time to start accumulating.Заметка
Weekly RSI is at historically low levels. I consider this the lowest risk time to dollar cost average if intending on holding for years.Заметка
Targets have been hit. Limit orders getting filled here and there for my low bids, as well as the regular DCA.Заметка
Still continuing to DCA in within this zone for long term accumulation.
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