Following my first plan to start Dollar Cost Averaging Bitcoin again (see below) We now have a Cycle low signal printed on BTCUSD. This signal has been significant during the past two cycles and I do not expect this time to be different. It will be interesting to see how the macro environment plays in this case, as it is Bitcoin's first cycle within a major...
I'm keeping this simple: the current Bitcoin price is under the 2 Year Moving Average and the 3 Day RSI is showing oversold. In the past, the combination of both these factors indicated a good buying opportunity for the rest of the cycle. We can't know how much lower bitcoin will go, or how long it will stay at current levels, but I will be buying regularly again.
Look at previous ATH (red area) and buy zones (green area). Corn go up
I'm not betting against them. Number go up
Number go up only