As investing on long term basis I rather have a simpler observations and trend behavior combined with trend indicators like BB, MA can help HELP in setting or modifying cost averaging buy orders limits.... on the monthly chart I can see that the previous bear market GAVE an indicator for a shift in the market trend and that is in the ( yellow boxes)..even though BTC was and relatively still new asset in early stages but it did gave an indication.... also notice in previous bear cycle the BB getting narrower with the upper hand turning down .... currently the MA30 is turning down and we are below the BB Middle
BTC Has retraced a lot from ATH ... and the buying risk is decreasing as well... and no one knows where btc will bottom and if there is further capitulation action will take place but I still see the trend down and averaging my own buys accordingly
P.S I am sharing my view because I follow every public figure doing btc analysis (thanks for all of them for sharing there exp . and advises) but I still have to do my homework and protect my capital as I am the only one responsible for my investment success or failure... also there are ppl like myself don’t trade a lot (or at all) and want to invest in the long term for those I share my humble observations and I hope it helps. Please invest at your own risk and not on this simple analysis...