200 Day Moving Average Crosses - and amount of time in-between
This is just to try and provide a "moment in time" perspective. We have just had a couple crosses (today is 10/11/19)...and they are rare. But perhaps this chart is suggesting that the START of the next long 800 plus day hiatus of crosses could be in our future (perhaps starting sometime within the next 12 months)....which would be the start of watching Bitcoin's price soar like crazy over the next few years. Of course, everyone knows that Bitcoin's price will likely increase someday in the future (given the 21 million cap)...but until you look at charts like this....sometimes it is difficult to see 3 or so years into the future when Bitcoin's price will likely be over $200,000 (if this 800 plus day hiatus trend continues).
So, do I think $8,300 bitcoin is cheap? No. It is worth 1 bitcoin. Do I think $8,300 bitcoin is expensive? No. It is worth 1 bitcoin.
If you have Fiat...you probably want to stock up on buying coins/tokens from decent crypto projects during these next 12 months (whether the price of btc is $14,000 or $1000 - which, you never know...bitcoin could get that low again in the next 12 months). But regardless, if prices are going to be $200,000 one day...yeah, you can end up with a lot more bitcoin if you spread out your buys and hit some of that dip....but you shouldn't be too worried about paying $8,300 per bitcoin right now. The trend is your friend (until it isn't). And I don't know...I don't think this 800 plus day golden/death cross hiatus trend is necessarily going to end. Maybe this trend will continue until all bitcoin is mined (for the next 100 plus years)...who knows!
If it is going to end sooner rather than 100 plus years from now...we will know sometime within the next 800 days (plus these next 12 months until it starts up again)
...unless it has already started* ~mwahahaha
So, do I think $8,300 bitcoin is cheap? No. It is worth 1 bitcoin. Do I think $8,300 bitcoin is expensive? No. It is worth 1 bitcoin.
If you have Fiat...you probably want to stock up on buying coins/tokens from decent crypto projects during these next 12 months (whether the price of btc is $14,000 or $1000 - which, you never know...bitcoin could get that low again in the next 12 months). But regardless, if prices are going to be $200,000 one day...yeah, you can end up with a lot more bitcoin if you spread out your buys and hit some of that dip....but you shouldn't be too worried about paying $8,300 per bitcoin right now. The trend is your friend (until it isn't). And I don't know...I don't think this 800 plus day golden/death cross hiatus trend is necessarily going to end. Maybe this trend will continue until all bitcoin is mined (for the next 100 plus years)...who knows!
If it is going to end sooner rather than 100 plus years from now...we will know sometime within the next 800 days (plus these next 12 months until it starts up again)
...unless it has already started* ~mwahahaha
but probably mainly golden crosses my guess