Bitcoin was in a bull market since inception (Quarterly Chart)
Most people are obsess with short term trading, trying to time the small fluctuation in the market.
While it sounds great, the greatest wealth are being made by being objective in the long term, by being in the market as long as the trend is obvious.
The trend is obvious for Bitcoin.
It has never been in a bear market, if you look long term enough.
This is a Quarterly Chart for Bitcoin.
Bitcoin stays above the 20MA during the 2015 bear market and also 2018 bear market. It never went below that.
Bitcoin RSI never goes below 50, which is another signal.
Now, Bitcoin is at the early phase of another bull cycle. Just like in 2016.
Things will pick up when the Quarterly RSI is above 70 and when Bitcoin breaks above its previous all time high.
Investing is easy. But people make it so complicated.
Risk management is important and essential. While Bitcoin is a great investment, they are many other opportunities in the financial market.
Don't stay in love with any assets. Play the game. Ride the one that has potential.
There are plenty of opportunities in the financial market.
Focus on things that you can control, not in things you can't control.
While it sounds great, the greatest wealth are being made by being objective in the long term, by being in the market as long as the trend is obvious.
The trend is obvious for Bitcoin.
It has never been in a bear market, if you look long term enough.
This is a Quarterly Chart for Bitcoin.
Bitcoin stays above the 20MA during the 2015 bear market and also 2018 bear market. It never went below that.
Bitcoin RSI never goes below 50, which is another signal.
Now, Bitcoin is at the early phase of another bull cycle. Just like in 2016.
Things will pick up when the Quarterly RSI is above 70 and when Bitcoin breaks above its previous all time high.
Investing is easy. But people make it so complicated.
Risk management is important and essential. While Bitcoin is a great investment, they are many other opportunities in the financial market.
Don't stay in love with any assets. Play the game. Ride the one that has potential.
There are plenty of opportunities in the financial market.
Focus on things that you can control, not in things you can't control.