bilalabes

History repeating itself ? lets see :)

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
1st thing this is a study and not financial advise .... and my only post on TV as i am not a pro trader ..... i am investing in bitcoin for long term... and want to fond the best time to buy/add.

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ALL on graph. green thumps marks the best buying points in 2014/15.
price ranges comparison colored the same.
date range for comparing the bottom of 2014/15.
simple comparison of the current BTC bear trend along with 2014-2015. Lets see how it plays.
if the above study is invalidated and we go lower ; next strong buy will be around 1000-1200 which offers an excellent chance for buying more.
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NO ONE knows where BTC is heading (0 or 100K) or where is the bottom of it. the best to do (as investor) is to set a plan and execute according it.
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bitcoin needs to go down, pretend dead ... etc , that would be to remove all the leeches on its body and gain strength (dominance) back again.
bitcoin is not a crypto-currency it is DIFFERENT and a very strong candidate as a store of value. not to buy a coffee with it.
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long term investing formula i use
(not to buy more than someone affords to lose) + patience + plan when to buy = healthy approach in investing as a strong hand.

be safe.

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Well seems the initial analysis as per the graph is better than I expected ... instead of the dip price surged .... BTC is now more ready for a dip than sub 3k. Most high time frames up to weekly indicators are maxed ... time to buy more is getting closer and it won’t be a short period .. I expect few months .... Bull market could be started but I doubt that a lot FOMO in the space..... be safe ...thanks for reading
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I would be very careful and closely watching the price action in next week and week after. Stop losses (if trading) and planned buys might be needed.



In the side I have never heard from anyone about zcash huge price dip that was instantly bought up.... it was anomaly from other charts as the weakly indicators were way low and now it is aligned with its brothers and sisters.
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bilalabes bilalabes
@bilalabes, weekly
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Hello , An update on the analysis done on 6 dec which is NOT trading idea but my own observations.

the current relief up ward movement is going well with the idea (purple box) ... however after some refine it could end up earlier than expected at high 5ks but on 4500-4700.

The current fomo and a higher low everyone talking about is why I am updating on this idea... bottom might be in but the higher propability is we are close but not there yet .

If you see the 2014-2015 in the yellow box the same behavior after the first low btc formed a second higher low and a push up which did not last before dumping heavily around 75% from the high of the comparison on the graph ( less than that if btc could not break 4600) which is huge percentage.. for that if I am already averaging buys it would be in the low 3ks not 4K or 5k ( unless a confirmation achieved), that is if we are still going down the next target will be lower than 3200 and any buys now (for me at least) are considered bad buys.... be safe and thanks for reading my idea
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bilalabes bilalabes
@bilalabes, correction the purple not yellow box
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