This is the weekly chart on a log scale. There is a beautiful tendency for the price to eventually revert to this multi-year trend line. When is a good time to buy in? When you are at or below the trend line. It takes patience, but why pay more when you see the trend so clearly?
Importantly, bitcoin traded down will all assets in the Covid Crash, trading below the trend line. If there is a major market correction, when there is blood in the streets, that is the time to buy... when it makes you nauseous to pull the trigger because it looks like it's going to sh*t..
Happy trading!
Importantly, bitcoin traded down will all assets in the Covid Crash, trading below the trend line. If there is a major market correction, when there is blood in the streets, that is the time to buy... when it makes you nauseous to pull the trigger because it looks like it's going to sh*t..
Happy trading!