ETH - target for long term bags
Updated
For long term bags, I buy at midpoint, at circled region, and if we don't get either, I buy right above green.
If there's a crash below the marked areas of interest, I close my eyes, hold my breath, and buy.
We're at the tail end this cycle's bear market. IMO, we should all be thinking about long term bags. The greatest shame, what would be unforgivable three years from now is if you don't make it the next bull market because you got liquidated shorting shitcoins after they were already 90% down in 2023.
If there's a crash below the marked areas of interest, I close my eyes, hold my breath, and buy.
We're at the tail end this cycle's bear market. IMO, we should all be thinking about long term bags. The greatest shame, what would be unforgivable three years from now is if you don't make it the next bull market because you got liquidated shorting shitcoins after they were already 90% down in 2023.
Comment
The SEC going to war against crypto is unfortunately not something that could have been foreseen looking at the charts.I can't accurately weigh the importance of this event, but as I see it, there is a possibility that exchanges are forced to delist the vast majority of altcoins. That would cause an avalanche of selling. Most coins would be caught up in that avalanche, regardless of whether they're the direct or indirect target of the SEC.
What I take away from this worry is that I should wait a bit until there's clarity about the importance of this suit, until we know the risks and what's at stake.
Nonetheless, I intend to buy more ETH at the levels indicated in the chart, just not as much as I was planning.
...another year of suck until the good times come again.
Comment
midpoint hit. I might regret buying here in the short and mid-term, but I'm betting I'll be happy with it in a year or two. Have more to buy at the bottom of the range
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.