BTC: Keep it simple and follow the cycles
I posted this idea roughly 60 bars ago, and a reminder came in my to-do list today.
My expectations were on the peak that it would take 60 bars or so to reach the low point.
Now we are there.
The Mayer multiple is low (0.6).
Cycle Top a while back (60 bars).
Fear and Greed in Fear.
What other signals could you need for a volatile asset like BTC?
Going long and hodl till late 2024/25, perhaps longer.
My expectations were on the peak that it would take 60 bars or so to reach the low point.
Now we are there.
The Mayer multiple is low (0.6).
Cycle Top a while back (60 bars).
Fear and Greed in Fear.
What other signals could you need for a volatile asset like BTC?
Going long and hodl till late 2024/25, perhaps longer.
Note
A buy from 22.5k is spectacular if you can get itNote
Note: the marker is at 23-05, +/- 5 days. I expect a little further drop before making the buy.
Transaction en cours
He bought.Transaction en cours
He bought more bagsNote
If drop below 20
K insta buy, spectacular deal
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.