Bitcoin cycle 1,
23 weeks bear/48 weeks bull=0.47
Bitcoin cycle 2
61 weeks bear/106 weeks bull=0.575
Bitcoin Cycle 3
-22.34% increase in the ratio, so we would do 0.575x1.22=0.7015 ratio
so 0.7015x152=106.6 as the the bottom, or weeks 107 basically for the bottom, which would be
between Dec 2019-Jan 2020
To be on the safer side it would be best to Dollar cost average 1-2 months before these intervals, so that would be like Oct 2019 to March 2020 you would start buying in intervals bitcoin/other alt coins and hold for a few years to come.
23 weeks bear/48 weeks bull=0.47
Bitcoin cycle 2
61 weeks bear/106 weeks bull=0.575
Bitcoin Cycle 3
-22.34% increase in the ratio, so we would do 0.575x1.22=0.7015 ratio
so 0.7015x152=106.6 as the the bottom, or weeks 107 basically for the bottom, which would be
between Dec 2019-Jan 2020
To be on the safer side it would be best to Dollar cost average 1-2 months before these intervals, so that would be like Oct 2019 to March 2020 you would start buying in intervals bitcoin/other alt coins and hold for a few years to come.
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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.
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.