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follow_bitcoin
Feb 12, 2021 10:32 AM

Top & Bottom Bitcoin Indicator Long

Bitcoin / United States DollarCoinbase

Description

I have been using this indicator for a number of years and helped me make great decisions. It works only for Bitcoin and has been backtested for it on the 1 day chart only. I have made money when I bought when the price was close to the green line and sold when the price was above or nearing the red line. This is for long term traders and not for day-traders.

Now it is coming in handy as I believe that we will soon be nearing the top once again before retracing back.

I can send the source code of this indicator to anyone for the price of a pint of beer in bitcoin if you like :) This will save you so much pain when the top nears. I have been trading for 10 years and I assure you the top will come and we will retrace, you might not think so now, but it is inevitable!!

Not trading advice - do your own research
Comments
manjotsbajwa
What is the bottom for the current run?
follow_bitcoin
@manjotsbajwa, the green line
manjotsbajwa
@follow_bitcoin, So based on the green line do you think a good re-entry point would be around 10k?
follow_bitcoin
@manjotsbajwa, the green line is currently pointing up, indicating that it will reach much higher before bitcoin's price retraces
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