A while back I posted my intent to buy at 0.016464 but I was never filled there. When price narrowly glances off my entry point it gets my attention but I DO NOT chase price.
Instead I have patience to wait for it to test that price a 2nd time and make a box. I am looking for a right corner on the box somewhere in the range of the Jan 7 candle which seems to be representative of the value area to the downside.
This basically means spreading limit orders to buy between 0.017515 and 0.018586.
I expect ethbtc has found a long term bottom after dumping for so long and that actually eth is much more bullish than btc since it has a far greater RRR to the upside if it tags its old high. It could very well exceed its old high if defi continues to lock up more and more eth.
I think ethbtc will probably decline in the near term not because ethusd will dump but because btc is getting a little parabolic as it is attracted to $10k during this last 5 wave of an impulse move. Buying eth with btc will be a good way to scale out of btc near its expected intermediate term top while still maintaining exposure to cryptos.
I'm actually pretty excited about making this trade and have been watching ethbtc closely each day for the last few weeks. Once I get filled on it I expect to hold the eth for several years, if I can hold it through an entire 2 year bull cycle it has the makings of the trade of a lifetime.
Instead I have patience to wait for it to test that price a 2nd time and make a box. I am looking for a right corner on the box somewhere in the range of the Jan 7 candle which seems to be representative of the value area to the downside.
This basically means spreading limit orders to buy between 0.017515 and 0.018586.
I expect ethbtc has found a long term bottom after dumping for so long and that actually eth is much more bullish than btc since it has a far greater RRR to the upside if it tags its old high. It could very well exceed its old high if defi continues to lock up more and more eth.
I think ethbtc will probably decline in the near term not because ethusd will dump but because btc is getting a little parabolic as it is attracted to $10k during this last 5 wave of an impulse move. Buying eth with btc will be a good way to scale out of btc near its expected intermediate term top while still maintaining exposure to cryptos.
I'm actually pretty excited about making this trade and have been watching ethbtc closely each day for the last few weeks. Once I get filled on it I expect to hold the eth for several years, if I can hold it through an entire 2 year bull cycle it has the makings of the trade of a lifetime.
코멘트:
Entries starting to get filled, I have been watching this for a long time and it's exciting to finally see it coming together. This has the makings of an incredible multi-year position.
