Two & Four Year MA's Claim It's Time To Accumulate Bitcoin - page 3.

Hippocrypto

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Quote from: dragonvslinux on December 03, 2019, 06:03:15 AM

Quote from: LFC_Bitcoin on December 03, 2019, 05:56:47 AM

It’s always time to accumulate crypto my friend.

Buy MOAR !!!!

True story, but usually in bear markets I prefer to accumulate Satoshis by shorting obvious patterns, as it's much more profitable for stacking sats, and Bitcoin's price movements are so predictable and repetitive it's embarrassing Tongue

For reference sake, this is my first long call this year, even if I'm still in a short Grin

You're not all alone being short by now mate, also me and other traders find it so hard to sustain with our holdings. It feels like kinda boring and hopeless, but I do stick with my principles and never lose grip on it. Right now, even how embarrassing it was I would still have to be strong and hopeful that this struggles will end someday and brings us fortunate days.

dragonvslinux

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Quote from: LFC_Bitcoin on December 03, 2019, 05:56:47 AM

It’s always time to accumulate crypto my friend.

Buy MOAR !!!!

True story, but usually in bear markets I prefer to accumulate Satoshis by shorting obvious patterns, as it's much more profitable for stacking sats, and Bitcoin's price movements are so predictable and repetitive it's embarrassing Tongue

For reference sake, this is my first long call this year, even if I'm still in a short Grin

LFC_Bitcoin

legendary

Activity: 3556

Merit: 9709

#1 VIP Crypto Casino

It’s always time to accumulate crypto my friend.

Buy MOAR !!!!

dragonvslinux

legendary

Activity: 1722

Merit: 2213

Source: TradingView, December 3rd 2019. Screenshot: April 4th 2020.

Bitcoin has now entered the accumulation phase between the 2 & 4 Year MA's, represented by the 730 & 1460 MA's. As highlighted in green, this investment strategy has historically been the best tie to accumulate BTC for the long-term 4-year cycle, for 2014/2015, as well as 2018/2019.

The forecasted extrapolation is merely an example of where the price may consolidate in the coming months, but is far from a price target. The reference here is the accumulation phase is currently between $4650 and $7750, which may last only a matter of weeks, but historically lasts for a considerable amount of time, such as in 2014-2015 where there was an 11-month period of price consolidation and therefore accumulation.

Time to BTFD.

Quote from: dragonvslinux on January 07, 2020, 10:09:05 AM

Yesterday we closed a Daily candle a few hundred dollars above the 2 Year MA, that was previously acted as strong resistance:

This has lasted a lot longer this time, but notably falling through the 2 Year MA hasn't followed through with capitulation, but repeated dip buying.

Own work: dragononcrypto

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