This week:
- ETH price crossed several major milestones --> and turned resistances into supports (blue lines)
- we broke out downward trend (red line) started in October --> new trend is not seen yet, but it will be up (black lines)
- correction towards 2600 is possible, not not probable --> any price under 2700 will be great buying opportunity for long term investors (who do not trade every day)
Next week:
- I did not decrease possition those days (80% of overall in ETH, rest money); I will add under 2700 (up to 10% more) and under 2600 (another 10%)
- I am not thinking to lower possition now, once we are in a new trend (brefore I used stop loss market orders) --> as a long term investor I really do not care if ETH is again 100 USD, when I first bought it
Hope this helps you, but it is not financial advice; more of a insight into my strategy.
- ETH price crossed several major milestones --> and turned resistances into supports (blue lines)
- we broke out downward trend (red line) started in October --> new trend is not seen yet, but it will be up (black lines)
- correction towards 2600 is possible, not not probable --> any price under 2700 will be great buying opportunity for long term investors (who do not trade every day)
Next week:
- I did not decrease possition those days (80% of overall in ETH, rest money); I will add under 2700 (up to 10% more) and under 2600 (another 10%)
- I am not thinking to lower possition now, once we are in a new trend (brefore I used stop loss market orders) --> as a long term investor I really do not care if ETH is again 100 USD, when I first bought it
Hope this helps you, but it is not financial advice; more of a insight into my strategy.