Any crypto investor must be familiarized with historical areas to Dollar Cost Average or generally buy into the market. With a volatile asset class such as Crypto, things can move very fast.
There are a wide array of indicators in use to predict a market bottom. Today we will showcase a prediction using moving averages and RSI only.
1. Below the 2 year moving average has proven in past cycles to be a great area to accumulate BTC. Price action under the 2 year MA is quickly bought up normally within a few months max sometimes much shorter. Be prepared to DCA or place general buy orders under the 2 year MA. (Currently sitting at around 31.5k USD per BTC.
2. The 200 Week EMA has historically been a good indicator of an absolute market bottom. For those looking to snipe the bottom this can be a great area to place your buys. It is never guaranteed to get this low, if you wait too long you may get quickly priced out. It is recommended you place your buy orders in advance in the event of a flash crash as anything at these levels will be quickly bought out.
3. On the weekly, RSI (length 14) has RARELY ever tapped 30. This may also be used as information to large buy orders in the event BTC gets this low again.
There is a lot of geopolitical pressure in the world right now. As always be prepared and have your orders in the books. Have your buy orders ready for any market panic events.
Volatility may be your friend if prepared.
There are a wide array of indicators in use to predict a market bottom. Today we will showcase a prediction using moving averages and RSI only.
1. Below the 2 year moving average has proven in past cycles to be a great area to accumulate BTC. Price action under the 2 year MA is quickly bought up normally within a few months max sometimes much shorter. Be prepared to DCA or place general buy orders under the 2 year MA. (Currently sitting at around 31.5k USD per BTC.
2. The 200 Week EMA has historically been a good indicator of an absolute market bottom. For those looking to snipe the bottom this can be a great area to place your buys. It is never guaranteed to get this low, if you wait too long you may get quickly priced out. It is recommended you place your buy orders in advance in the event of a flash crash as anything at these levels will be quickly bought out.
3. On the weekly, RSI (length 14) has RARELY ever tapped 30. This may also be used as information to large buy orders in the event BTC gets this low again.
There is a lot of geopolitical pressure in the world right now. As always be prepared and have your orders in the books. Have your buy orders ready for any market panic events.
Volatility may be your friend if prepared.