So, I'm a very amateurish amateur. I've been lightly involved with crypto since 2016, I FOMO'd during the bull run in 2017/2018 and lost 90% of my portfolio day trading before I had had enough. So I stepped back. I wanted to see what would happen next. I hadn't watched the existing patterns closely enough leading up to the bull run. I wanted to see what happens when the next bull run comes along. Well, here we are.
This TA isn't about price charting, or predicting what will happen with the price. It's more of a Huh? This is interesting to me, what does the community think of this?
When the market drew down from Jan. 2018 to Jan 2019 I almost bought in again to go long, no more day trading for this guy. But I was filled with some serious FUD after my experience the prior year day trading. Also I had just had another child... Yeah, my confidence and funds were too low to justify investing. I didn't have enough knowledge to make that decision.
Based on my experience, I'm really looking to go long now. But not right now.
As you can see I've pointed out some of my thoughts and observations over the past 2 years. The biggest take away for me is this. My being patient will pay off in 2-3 years. These new highs are exciting, but I have no skin in the game.
I fully expect to see ETH turn a corner sometime in the following weeks and months. Some may see this as FUD, but I disagree. Markets can't always go up, up, up. I learned that lesson back in 2017/2018.
ETHUSD went from $1420 (Coinbase) all the way down to $80.90 (Coinbase) over the course of 1 year.
I'm Prepared this time, when it retraces down, to whatever it retraces down too... I'll be ready. I'm not going to miss out on a long investment again.
This TA isn't about price charting, or predicting what will happen with the price. It's more of a Huh? This is interesting to me, what does the community think of this?
When the market drew down from Jan. 2018 to Jan 2019 I almost bought in again to go long, no more day trading for this guy. But I was filled with some serious FUD after my experience the prior year day trading. Also I had just had another child... Yeah, my confidence and funds were too low to justify investing. I didn't have enough knowledge to make that decision.
Based on my experience, I'm really looking to go long now. But not right now.
As you can see I've pointed out some of my thoughts and observations over the past 2 years. The biggest take away for me is this. My being patient will pay off in 2-3 years. These new highs are exciting, but I have no skin in the game.
I fully expect to see ETH turn a corner sometime in the following weeks and months. Some may see this as FUD, but I disagree. Markets can't always go up, up, up. I learned that lesson back in 2017/2018.
ETHUSD went from $1420 (Coinbase) all the way down to $80.90 (Coinbase) over the course of 1 year.
I'm Prepared this time, when it retraces down, to whatever it retraces down too... I'll be ready. I'm not going to miss out on a long investment again.