ZoltanBalogh

BTC Previous Halvings, future trade idea

BITSTAMP:BTCUSD   Bitcoin / U.S. Dollar
A quick thought that came to me lately was that the BTC             issuance halving is quite a relevant event in the Bitcoin             market cycle, so why not try to estimate good, long term buy opportunities based on this.
Halving is the event when mined BTC             blocks reward gets cut into half, and our next halving is on ~2020.05.30.

Looking back, we can notice that there is a lower low 370 and 318 days before the previous halvings, which is caused by a steep decline(47.7% in 2012, and 37.96% in 2016).

Based on this simple comparison, for most of the future hodlers, for people who don't want to put up with a bear market, and for longer term investors, my suggestion is simple:
Look for good entry price, after 2019.05.26, more probably even after 2019.07.17, after as you see another steep decline of 45-35%(this time a more credible ~25%), BTFD!

Notable is that there is huge 2/4 day volume that kick starts the bull run, but by then we have missed some(75-150%/200%) of the movement from the low, and this can mean the difference between 20x or 10X gains in the next bull run.

Coincidentally, these months, after 2019.07.17 also are close to the ending of the 20 months bear market, forecasted by @IvanLabrie, with Time@Mode method(around 08/09.2019).

Best of luck out there in this bear market!
Zoltan Balogh

PS.: Don't pay much attention to the prices on the chart. What I tried to achieve is to identify good entry price based on events, not tied to a certain price.
Comment: And the latest analysis from Ivan. Take a look at the update with the 2M chart.

Very interesting idea... Thank you for sharing :) But can we compare this young manipulated market in 2012-2016 with 2016-2020 ? I am not sure :/
+1 Reply
ZoltanBalogh Yo_Mama_Trades
@Yo_Mama_Trades, From my point of view the market behaviors stay the same. Players change, but big players bring more sophisticated game plays to the table. Manipulation is still there, but its not done by whales this time, it's done by institutions who's purpose in life is exactly this. (Referring to Wall St. here.)
Reply
This is one of the fundamental justifications for the technical signals we see with Time @ Mode.
Great chart!
+1 Reply
ZoltanBalogh IvanLabrie
@IvanLabrie, Thanks Ivan, means a lot to me. :)
Lets hope we nail the bottom with an all in!
Reply
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out