Well we hit my 2021 end of year ETH target in the first week of the year guys. :)
I recommend continuing to stay long guys...I am not personally adding at this point, but if you have been following along since the $340 range and accumulated all through till $500, then you know we are now sitting pretty and can handle some horrible volatility while still confidently having the ability of parting with a massive gain. (we virtually pulled a 3X in our investment guys)
Volume is exactly what we want to see - and frankly were expecting.
Risk/reward is high & high, but the I think targeting ATH in the 2nd largest market cap is something that institutions will be eyeballing as well. And if you spend a lot of time on the ETH network and have shot a bunch of tokens around and paid the fuel fees - you know that while not perfect this is the infrastructure that a massive chunk of defi banking will be done on, along with art and many other crpyto projects.. Frankly look at all the alt coins, and then look at the alt coins that are ERC-20 tokens moving on the eth chain... LINK, WBTC, WETH, YFI, SNX, OMG - on & on it goes.
Strong accumulation through the entire $725-1050 range
EMA trend pointing up.
Higher highs met with higher lows.
I went insanely overweight here and am going to let my winner run. Tons of risk, but I think we are seeing the adoption of a new potent technology. As some of you know I sold my bond portfolio with a massive profit and moved it all into ETH. Risky but so far the risk has been rewarded handsomely. Let's see how this opinion of mine ages throughout 2021.
I recommend continuing to stay long guys...I am not personally adding at this point, but if you have been following along since the $340 range and accumulated all through till $500, then you know we are now sitting pretty and can handle some horrible volatility while still confidently having the ability of parting with a massive gain. (we virtually pulled a 3X in our investment guys)
Volume is exactly what we want to see - and frankly were expecting.
Risk/reward is high & high, but the I think targeting ATH in the 2nd largest market cap is something that institutions will be eyeballing as well. And if you spend a lot of time on the ETH network and have shot a bunch of tokens around and paid the fuel fees - you know that while not perfect this is the infrastructure that a massive chunk of defi banking will be done on, along with art and many other crpyto projects.. Frankly look at all the alt coins, and then look at the alt coins that are ERC-20 tokens moving on the eth chain... LINK, WBTC, WETH, YFI, SNX, OMG - on & on it goes.
Strong accumulation through the entire $725-1050 range
EMA trend pointing up.
Higher highs met with higher lows.
I went insanely overweight here and am going to let my winner run. Tons of risk, but I think we are seeing the adoption of a new potent technology. As some of you know I sold my bond portfolio with a massive profit and moved it all into ETH. Risky but so far the risk has been rewarded handsomely. Let's see how this opinion of mine ages throughout 2021.