Long

Ethereum waking up

Updated

After a multi-year accumulation phase, Eth slowly wakes up and breaks out of its triangle formation. This could be the start of the next bull run in blockchain related projects. I have been a long term bull about the technology but the prices have been a series of booms and busts so there are times to buy and times to sell. In my opinion, this is a time to buy if you are not long already, but with a few years horizon. I don't use leverage on those as I find them volatile enough as is and I don't see the need to add more risk. I wouldn't be surprised to see a retracement at this point, but it would not change my overall bullish view on this market, especially after such a long period of accumulation. For the patient investor.

Trade closed: target reached

I liquidated most of my position for the time being as I think there is a possibility of a correction since we reached the previous high. I'm still very bullish however so I have a core position that I hold for the long term. I'm hoping to buy again at lower prices but I'm ready to buy again if we revisit the previous high established.

FXbrawler

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