BTC - Bitcoin on Sale! Get em while supplies last!
This is the pullback I was waiting for. I only needed a few hundred bucks to secure my last whole bitcoin. As of tonight they are off the market and sitting in cold storage. I left a few fractions to play around with, but the majority is gone for quite some time.
Since 2012 whenever these two averages cross we were either in a bull market or a bear market and remained so until they crossed again. NEVER have they crossed and uncrossed momentarily along the way. Either bull or bear, that's it. Also, whenever in a bull market the price of BTC remained above both averages. Likewise in the bear market the price of BTC remained below the two averages.
Right now the price of BTC is above both averages and the two averages a lining up for an eventual bull cross. I'll call it the Platinum cross as the Golden cross gets used all of the time.
Also notice the breakout of the bearish channel and the approaching touch-back of the 250 moving average. This pull back is a good thing, but I think those still expecting a break below 3K or 4K at this point are not going to get it.
Again, NEVER since the beginning of this chart history has the price been above both the 125 and 250 day moving averages and a bear market continued. The ONLY oscillation was right around the cross of the two averages with they were so close together that the price had an opportunity to cross above and below each average. But one the 125 (blue) crossed over the 250 (red) that was it, the new bull market was in full swing and they would never cross again until the start of the next bear market.
We are there now. Not too much longer before they cross over into the next bull market.
As for the capital I had put aside for the next bull run I'm all in. I literally only have two cents left in my cash account balance after tonight. How that happened I don't know. I wanted it all to go into BTC. lol
I may not post much after this. I've exceeded my personal accumulation goals and now all I can do is wait. It may take some time before everyone agrees that the bull market has started but that's OK. I can wait.....
Since 2012 whenever these two averages cross we were either in a bull market or a bear market and remained so until they crossed again. NEVER have they crossed and uncrossed momentarily along the way. Either bull or bear, that's it. Also, whenever in a bull market the price of BTC remained above both averages. Likewise in the bear market the price of BTC remained below the two averages.
Right now the price of BTC is above both averages and the two averages a lining up for an eventual bull cross. I'll call it the Platinum cross as the Golden cross gets used all of the time.
Also notice the breakout of the bearish channel and the approaching touch-back of the 250 moving average. This pull back is a good thing, but I think those still expecting a break below 3K or 4K at this point are not going to get it.
Again, NEVER since the beginning of this chart history has the price been above both the 125 and 250 day moving averages and a bear market continued. The ONLY oscillation was right around the cross of the two averages with they were so close together that the price had an opportunity to cross above and below each average. But one the 125 (blue) crossed over the 250 (red) that was it, the new bull market was in full swing and they would never cross again until the start of the next bear market.
We are there now. Not too much longer before they cross over into the next bull market.
As for the capital I had put aside for the next bull run I'm all in. I literally only have two cents left in my cash account balance after tonight. How that happened I don't know. I wanted it all to go into BTC. lol
I may not post much after this. I've exceeded my personal accumulation goals and now all I can do is wait. It may take some time before everyone agrees that the bull market has started but that's OK. I can wait.....