Bitcoin: When to Buy? (Feat. Lil Coppock Curve)
Updated
This was one of the most spatially challenging charts I've done, I've tried to show the data clearly, if it could be improved, lemme know.
What is the Coppock Curve?
The Coppock Curve is simply a smoothed momentum oscillator. It was originally designed for monthly charts and long-term analysis. It indicates good entry points for long term buys.
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:coppock_curve
What does the chart show?
As soon as I found out about the nature of this indicator, it sounded very suitable for long term Bitcoin trading and to find out where Bitcoin is now compared with the last bear market in 2015 (because that's as far back as the data will allow). ASSUMING that we have already seen a capitulation candle and ASSUMING we are now building a bottom/accumulating (see coloured rectangle areas), according to the Coppock Curve indicator we are at approx. the same level as the same stage during the last bear market.
Key Points
+ The CC rose above 0, which indicates a long term buy (the main usage of this indicator) on month 14 of a 35 month bull market (according to RSI); which is 40% through. This seems like the safest way for a long term entry.
+ The CC flattened on the lowest point in the bear market which also looks like the last period in the accumulation/bottom building zone. This seems like a possible early entry for those that way inclined.
+ So to summarize, this could be the beginning of the bottom building/accumulation zone for Bitcoin, could be.
Any questions, comments or constructive criticisms, fire away down below. Cheers.
What is the Coppock Curve?
The Coppock Curve is simply a smoothed momentum oscillator. It was originally designed for monthly charts and long-term analysis. It indicates good entry points for long term buys.
stockcharts.com/school/doku.php?id=chart_school:technical_indicators:coppock_curve
What does the chart show?
As soon as I found out about the nature of this indicator, it sounded very suitable for long term Bitcoin trading and to find out where Bitcoin is now compared with the last bear market in 2015 (because that's as far back as the data will allow). ASSUMING that we have already seen a capitulation candle and ASSUMING we are now building a bottom/accumulating (see coloured rectangle areas), according to the Coppock Curve indicator we are at approx. the same level as the same stage during the last bear market.
Key Points
+ The CC rose above 0, which indicates a long term buy (the main usage of this indicator) on month 14 of a 35 month bull market (according to RSI); which is 40% through. This seems like the safest way for a long term entry.
+ The CC flattened on the lowest point in the bear market which also looks like the last period in the accumulation/bottom building zone. This seems like a possible early entry for those that way inclined.
+ So to summarize, this could be the beginning of the bottom building/accumulation zone for Bitcoin, could be.
Any questions, comments or constructive criticisms, fire away down below. Cheers.
Note
For updates, see here:
Note
OK, I meant to sent the above as a link. I try again:Note
Oh FFS. Last time:<!-- TradingView Chart BEGIN -->
<script type="text/javascript" src="s3.tradingview.com/tv.js"></script>
<script type="text/javascript">
var tradingview_embed_options = {};
tradingview_embed_options.width = '640';
tradingview_embed_options.height = '400';
tradingview_embed_options.chart = 'qoccV0oT';
new TradingView.chart(tradingview_embed_options);
</script>
<p><a href="tradingview.com/chart/BLX/qoccV0oT-Bitcoin-Market-Cycles-Time-Price-Analysis-Coppock-Curve/">Bitcoin: Market Cycles (Time & Price Analysis + Coppock Curve)</a> by <a href="tradingview.com/u/StrivingYogi/">StrivingYogi</a> on <a href="tradingview.com/">TradingView.com</a></p>
<!-- TradingView Chart END -->
Note
I give up. Just search for this:Bitcoin: Market Cycles (Time & Price Analysis + Coppock Curve)
Note
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.