Good and excellent buying zones (1000-1500-2000 1D SMA)
In this analysis we can see that the best time to buy or accumulate Bitcoin is when price is between 1000 and 2000 1D SMA, and excellent prices to buy is when BTC touch 2000 SMA, which is very rare to happen.
For this cycle we saw the first time price of BTC fall below 2000 SMA, this due to negative events in the crypto market (such as Terra, Celcius and FTX troubles/collapses), despite that, price has been recovering and now is again at the "good zone to accumulate".
Personally, I think that the minimum price seen from now on is that of the SMA 2000, which is currently approximately 22000 USD which is a 20% drop from the actual price... That's nothing compared with the possible future rise of price for this cycle, so if you are a hodler, my recommendation is not to wait for lower prices to start accumulating.
Fondly,
For this cycle we saw the first time price of BTC fall below 2000 SMA, this due to negative events in the crypto market (such as Terra, Celcius and FTX troubles/collapses), despite that, price has been recovering and now is again at the "good zone to accumulate".
Personally, I think that the minimum price seen from now on is that of the SMA 2000, which is currently approximately 22000 USD which is a 20% drop from the actual price... That's nothing compared with the possible future rise of price for this cycle, so if you are a hodler, my recommendation is not to wait for lower prices to start accumulating.
Fondly,
Comment:
the lower line is the 2500 SMA,
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Profit +1000% in less than a year.
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t.me/cinnamon_club
Profit +1000% in less than a year.
11 positive months in a row.
Verifiable in my copy-trading profile at PrimeXBT.com (cinnamon)