Due to the price difference on exchanges, a lot of the attention lately is being drawn away from what matters most. Is the worst over for BTC? Has the new bull cycle started?
With this as motive, I thought it would be productive to accumulate the strongest long term bullish indicators on Bitcoin. And I have come up with a combination that has never failed on its historic price action!
** The Blue Price Line is the Stock-to-Flow indicator that represents Bitcoin's Fair Value. Before each Halving this touches the actual candle sequence and then aggressively gaps upwards just a few weeks before the Halvings. What follows is (essentially the start of the new bull market) a logarithmic rise on the actual value which as some point breaks the Fair Value and becomes overbought towards the bull cycle's peak (and new ATH).
** Once the price breaks inside the Ichimoku Cloud, it never looks back and each Low is higher. In the previous 2 bull cycles, every time the price broke inside the Ichimoku Cloud, it touched the Stock-to-flow price line. After that test, the price managed to break above the Ichimoku Cloud, but the Stock-to-flow price line worked as a Resistance (until roughly a couple of months before the peak).
** Every time the price is doubled from the Bottom it makes on the parabolic curve (Bottom X 2), it never makes a new low. This is perhaps the strongest bullish indicator on Bitcoin's historic volatility.
The combination of the above criteria is projected to take place within July - October 2019. Until then it is best to keep accumulating.
Do you agree with these indicators? Do you have a better long term buy signal? I welcome every argument on the comments section!!
As usual take a look at some related material on BTC:
"NEVER FAILED !!"
LMAO Sounds like wishful thinking that is called out loud.
"Bitcoin! I command you, remember to behave the way you've done before! Don't let me down this time!"
TradingShot
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@ReallyMe, You know I value your opinion and your integrity above all, but this time your response is far from being described as constructive criticism. And even though millennial jargon like "LMAO" is fitting to youtube reality tv discussions, I believe it is far from fitting to commenting on a trading chart. Especially if you intelligently trying to prove your side of the trade is the correct one.
ReallyMe
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@TradingShot, Well, my view has always been, no matter what we try to prove or not, or whether we use youtube slang or we don't, the true judge will always be the market, you just have to wait a little bit for its judgment, It will ultimatively end all obscurities and answer all the questions. Personally, I believe that you are completely mistaken in assuming, until now not failing, will remain so in the future. We will see.
TradingShot
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@ReallyMe, Of course we will see. No one knows the future and unless someone has inside information, us traders the best we can do is trying to predict future price action based on the pattern behavior of the past. And that of Bitcoin's has been a parabolic channel since it's inception. No technical pattern shows this breaking yet. P.S. My "never failed" is wishful thinking called out loud. But yours "its judgment, It will ultimately end all obscurities and answer all the questions" doesn't seem like a epic battle line at all.
ReallyMe
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@TradingShot, It does not seem to be an epic battle line yet because it was not thought of as such. But it can become one in the future, when the market happens to be playing ot randomly, as is usually the case, rather than what you expect. ;-)
TradingShot
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@ReallyMe, Indeed. What I didn't know was that it SHOULD play out as YOU expect but it SHOULDN'T as I expect.
ReallyMe
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@TradingShot, It's not bad, we all learn something new. Besides, you misunderstood. I am open to any outcome and have no particular expectations, such as that The Next Bull Run is guaranteed once the Ichimoku Cloud is entered.
My credo is: Let the markets tell you, don’t try to tell them.
That's why I find the prayer (battle line?) "NEVER FAILED !! DON'T FAIL ON ME THIS TIME" funny, that's all.
Cryptocomma
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@ReallyMe, actually..bitcoin has never failed in these parameters. So. Not sure what point you are trying to make.
ReallyMe
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@Cryptocomma, I would not like to repeat myself. Have already written enough ;-)
Cryptocomma
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@ReallyMe, hey i agree with ya that prior action does not guarentee future action. But his whole thing are technical indicators for a macro trend that have not failed to date. Which they haven't. All you have done sprinkled some fud onto a trend analysis which thus far has been proven accurate without any contradicting technical evidence.
LMAO Sounds like wishful thinking that is called out loud.
"Bitcoin! I command you, remember to behave the way you've done before! Don't let me down this time!"