One line to rule them all. Bitcoin for Longterm Investors ONLY
BTCUSDIf you are a day trader you can ignore this. If you are an investor and want to HOLD BTC this is for you.
I'm going to try and make this as simple as possible. With this method, all you need to know is one line. That's right! And to make it even more simple if it's green you buy and if it's red you sell.
Take a look at this chart. Let's review:
The first green vertical line hit on July 20 2012. If you would have bought and held until the first red vertical line which hit on July 30th 2014. You would have made 7283% in 713 days. Not to shabby.
The second green vertical line hit on Aug 26 2015. If you would have bought and held until the next red vertical line which hit only 14 days later you would have make 5%. Not bad for 14 days
The third green vertical line hit on Oct 29 2017. If you would have bought and held until the next red vertical line which hit on July 4th 2018. You would have made 1963% in 979 days. Still really good
Now on to the fun part. We all know that bitcoin has been on a tear for a while now and there are all kinds of people that would argue bitcoin is going to crash or moon. At the end of the day no one knows for certain.
Please do not take this as financial advise. I'm just another crazy numbers guys that doesn't know which way bitcoin is going to go. With that said if you want to hear more about this method, please feel free to ping me online any time. This is a method I have been using for a long time with good success.
So, here is what to look out for. If you want to jump into bitcoin wait for the next green line. Put in the AROON indicator and set your time period to 233 (which is a Fibonacci number). When the Aroon Up cross the Aroon Down draw a vertical green line and sit back and watch your bitcoin until the next red line hits. Please note that there have been times but I have found very rare that you could still lose. So please do your own research and only invest what you are willing to lose.
I hope this helps you in your long-term investment journey.
~Controllinghand
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