The ETH/USD price show sign of bullish momentum
In 2022, the return was negative , but this year 2023 the return is positive.
there is an important catalyst "halving" coming soon.
The chart show higher high and higher low. And it just broke out of bullish flag pattern that have accumulated since APR.
The ema crossover show bullish momentum. Therefore, i decide to entry this trade with rebalancing strategy.
By that I mean, i will allocate budget to rebalancing for long term holding.
For example, if my port value is 100,000$ in crypto sector
I will allocate 10% from my portfolio which is 10,000$
Then I will buy ETH price at the current price with 70% eth and 30% cash
7,000$ of eth / 3,000$ USD
If the price goes up 10% i will rebalance out 10% to realized 700$
and if the price drop 10% i will rebalance in again (example)
I will keep doing this and considered small hedging during correction phrase.
In 2022, the return was negative , but this year 2023 the return is positive.
there is an important catalyst "halving" coming soon.
The chart show higher high and higher low. And it just broke out of bullish flag pattern that have accumulated since APR.
The ema crossover show bullish momentum. Therefore, i decide to entry this trade with rebalancing strategy.
By that I mean, i will allocate budget to rebalancing for long term holding.
For example, if my port value is 100,000$ in crypto sector
I will allocate 10% from my portfolio which is 10,000$
Then I will buy ETH price at the current price with 70% eth and 30% cash
7,000$ of eth / 3,000$ USD
If the price goes up 10% i will rebalance out 10% to realized 700$
and if the price drop 10% i will rebalance in again (example)
I will keep doing this and considered small hedging during correction phrase.