The Cycles Of Bitcoin (Speculative)

BNC:BLX   BraveNewCoin Liquid Index for Bitcoin
At the very beginning of 2018 we began covering  Bitcoin  price analysis on our YouTube channel. My approach to accumulation is Dollar Cost Averaging (  DCA  ). I am a very big believer in the mental aspect of accumulation. This means that if I am utilizing  DCA  because I am extremely long on  Bitcoin  , I would like to  DCA  when the price is down - at least for short term. It is the essence of "Buy The Dip". It does create great trading potential, however I do not Buy The Dip because I want to trade. 

There are 5 things that I use in  technical analysis  in finding the best possible area to accumulate in the short term. They are: 

1. Key  support & resistance  areas found within the .618 - .786 channel on Fibonacci Retracement  
2. Breakout targets on both the downside & upside utilizing traditional patterns like triangles and wedges  
3. The confluence of 50EMA & 200EMA on  daily charts  with the above 2 indicators 
4. The combination of slower momentum oscillators & faster moving - - i.e.  RSIStoch   RSI  
5. Lastly - which some disagree with - is the historical data that we have on  Bitcoin  in terms of the flow and movements of  BTC  . 

For the purpose of transparency, throughout the year I did not think that  BTC  would break below $5k. This is also why I mentioned on videos throughout the year that $3,500 - $5,500 area is an extremely great price to accumulate in my opinion. 

The purpose of explaining all of this is because it is the foundation of what you see on the screen. 

Long term there are some more things that play into the movement of Bitcoin: 

Bitcoin  thus far as followed a pattern of 3 Events: 

1. Halving - The amount of brand new mined  BTC  is cut in half for miners. Also, the price earned for mining 1  BTC  is also cut in half. 
2. All Time High - 1 Year after the halving you see  BTC  reaching a new  ATH  
3. After  ATH  is reached, you see a consolidation and sell-off in  BTC  price. This is the correction phase. 

Each cycle is highlighted on the chart. Both past and SPECULATIVE present. You will see a steady decrease in % gains each cycle. This is normal. 

Important to note: You will also see the key area of .786 on the  Fibonacci retracement  (red lines) plays a crucial role in defining the bottom range. 

None of this takes into account the synergistic position and momentum within the weekly  RSI
@cryptocapitalventure you should publish all charts on here. I’ve been following all YouTube vids, but really like to draw my lines next to your analysis! Keep on going :)
We will see how the month ends in 2 days. Good luck on your trade!

Sweet - I'm gonna look back at this and be like see? It was right there, all you had to do was just believe!
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