Ethereum (ETH) Buying Levels - My Crypto Market Investing Strategy

Currencies / cryptocurrency Aug 17, 2021 - 12:36 PM GMT

1. BTC & ETH - My primary focus will be on building positions in BTC and ETH that will target approx 80% of my crypto portfolio, the balance spread between a number of Alt Coins such as Cardano and Pokadot.

2. Hold BUSD and USDC - In advance of buying crypto's I am funding my accounts (mainly Binance) with approx 50% of my target position size to as to capitalise on a high GBP exchange rate, converting into BUSD and USD whilst also correcting my initial error of holding USDT.

3. Place limit orders on approx half of the funds on account across the target crypto's in relatively nearby levels compared to the more distant levels i.e. BTC $21,500 and ETH $1400. Whilst my initial limit orders are far distant from the actual crypto prices as I am anticipating a decline in prices. However over time my orders will gravitate towards being nearer to the actual spot price i.e. over the next 6 months and where I could even be buy crypto at spot rather than with limit orders depending on what transpires over the remainder of this year due to various dynamics such as the Ravencoin halving due in Jan 2022 etc in advance of which I want to have a significant holding of raven coins.

4. INTEREST - With the remaining 50% of USDC and BUSD placed in short-term 7 day fixed deposits that earn 5.31% (APR) with Binance, re-evaluating every 7 days whether to continue fixing or place more limit orders with i.e. as crypto's begin to sell off.

5. Account Funding - As the limit orders are triggered I will then look to fund my accounts with more fiat.

At the moment my focus is on using Binance, however I hope to eventually be able to fund Coinbase so as to spread the risk between exchanges, else it is likely Binance will remain the primary means of building my crypto portfolio.

Crypto 1 - Ethereum (ETH) $2600

Ethereum will be my largest holding at 41.6% of my crypto portfolio. Why such a large holding of Ethereum? We'll because it is by far the most liquid and active in terms of developments, with so many layers it's mind boggling, that I can't see how any of the newer competitor crypto's can ever catch upto, especially given the eventual move to ETH 2.0 sometime during 2022. Therefore it is highly probable that ETH will replace Bitcoin as the dominant cryptocurrency.

The following chart shows all of my buying levels for ETH that range from a high of $2080 all the way down to $560, which is set against the current price of $2600. The chart also shows the area where I will be seeking to place most of my limit orders to buy at between $1400 and $600 i.e. I anticipate about 90% of my limit orders will be in this price range.

The rest of this extensive analysis of the crypto markets including a detailed Bitcoin price trend forecast has first been made available to Patrons who support my work:

Bitcoin Bear Market Trend Forecast 2021 and Model Crypto Portfolio Buying Levels

Investing in the Tulip Crypto Mania
Bitcoin Price Trend Forecast Review
Lessons Learned
Cathy Crypto Wood's View on Bitcoin
BITCOIN HALVINGS TREND TRAJECTORY
Stock to Flow Infinity and Beyond!
Bitcoin, Crypto's and the Inflation Mega-trend
Black Swan 1 - Will Crypto's Get Banned?
Black Swan 2 - GOOGLE
Black Swan 3 - USDT Tether Un-Stable Coin Ponzi Schemes!
BLACK SWAN 4 - Bitcoin 51% Network Attack by China?
Black Swan 5 - Bitcoin is Already Obsolete
US Trending Towards Hyperinflation
BITCOIN TREND ANALYSIS
Bitcoin Bear markets analysis - How low could she blow?
Bitcoin Trend Forecast
Bitcoin Long-term probable Next bull market price target
Alternative Scenarios
My Crypto Bear Market Investing Strategy
Crypto 1 - Ethereum (ETH) $2600
Crypto 2 - Bitcoin $40,375
Crypto 3 - Ravencoin $0.078
Crypto 4 - Cardano $1.59
Crypto 5 - Pokadot $25
Crypto 6 - ChainLink $26
Crypto's 7 to 10
Creating The Perfect Crypto
How to Invest in Crypto Without Getting SCAMMED
CHIA SCAM COIN
Binance vs Coinbase
Have ARK Invest Funds Bottomed?

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Nadeem Walayat

http://www.marketoracle.co.uk

Nadeem Walayat has over 30 years experience of trading derivatives, portfolio management and analysing the financial markets, including one of few who both anticipated and Beat the 1987 Crash. Nadeem's forward looking analysis focuses on UK inflation, economy, interest rates and housing market. He is the author of five ebook's in the The Inflation Mega-Trend and Stocks Stealth Bull Market series that can be downloaded for Free.

Nadeem is the Editor of The Market Oracle, a FREE Daily Financial Markets Analysis & Forecasting online publication that presents in-depth analysis from over 1000 experienced analysts on a range of views of the probable direction of the financial markets, thus enabling our readers to arrive at an informed opinion on future market direction. http://www.marketoracle.co.uk

Disclaimer: The above is a matter of opinion provided for general information purposes only and is not intended as investment advice. Information and analysis above are derived from sources and utilising methods believed to be reliable, but we cannot accept responsibility for any trading losses you may incur as a result of this analysis. Individuals should consult with their personal financial advisors before engaging in any trading activities.

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