Trying to keep it simple here. Regression to the mean. The pendulum now swings in the other direction and I'm planning an entry around $150. Plan subject to change as new information becomes available.
You have a plan, too? :)
https://www.tradingview.com/chart/ETHUSD/zJIWQkd7-Ethereum-Gameplan/
The plan is to hold until its $1000 a coin, keep buying and hold
yep...I'm not planning on trading it - just might be a good spot to buy/buy more :)
I want to follow ur trading plan.
I am a newbie to trading.
Can u put me through
Wow, I think there are more qualified people than me to give real investment advice - I'm just an enthusiastic idiot ;) This was just my idea how the near tearm might play out...
Great post. Could you provide any advice on the other top cryptos please?
I'm originally a gold/silverbug, so I'm not (yet) qualified to comment on individual crypto assets. But my experience from following the markets tells me that a move of this magnitude can't be without severe reaction - in this case down or back to the mean. I also noticed that most cryptos tend to move together - so I will try to wait with more buying until sentiment gets at least a bit bearish! (that's really hard! ;)
Thanks! Agree that may be best to hold fire on purchasing until confident which way direction is going. That said I like to go against the flow and so may be tempted if people start crying that its 'gameover'!
Haha yes. I mean maybe we break to the upside and my idea will just not play out. Everything is possible and the crypto sector is moving at timelapse speed it seems ;)
btw: I published 2 ideas today on tradingview - one about crypto: 300 views, one about GDX: 22 views. Interesting.