rgerhards

rgerhards Updated 

Bitcoin has had many major dips in the past. The last four largest dumps (including the current one) caused a 63% drop. 2 out of 3 represented the long term bottom. The one that ended in Feb 2018 was followed by 95% gain before the long term bear continued. www.tradingview.com

rgerhards Updated 

It appears we are at the bottom of the current cycle. This is historical the best time to buy.

rgerhards Updated 

Multiple trends are represented here. 1. Annual lows (only one incident of annual low falling in price) 2. Bull and Bear market relationships to halvenings 3. Time to Previous All Time High

rgerhards Updated 

www.tradingview.com Back in the purple again. Hopefully this means the end of the current mini bear market. Maybe this is a trend of less volatility with subsequent 4 year cycles. A 60% drop instead of 80% like in 2018.

rgerhards Updated 

The timing is not consistent with past cycles for the current bull cycle to be over. There may be more to come, but who is to say? Regardless, there must be a significant uptrend shortly (within the next 3 months) if the bull is not dead.

rgerhards Updated 

Just eyeballing it, looks like the BTC price spends most of the time in the lowest band of the rainbow. The rest of the time it is transitioning by either escaping from it and going to the moon, or coming back to earth.

rgerhards Updated 

Moving average cross and trend line suggest this is a buying opportunity

rgerhards Updated 

The current trend is a bear market with declining prices at an annual rate of 80%. Unless the prices start to breakout of the trend, by the end of the year we will have gone from close to $20,000 per BTC to $4,000.

rgerhards Updated 

Most would agree that cryptocurrency is experiencing a significant correction, if not in the middle of a bear market. Zooming out, and taking the long view, what appreciation can we reasonably expect bitcoin to have? The blue trend line is the most important part of this chart. It assumes an annual return of 250% based on the trend set from August 2015 to April...

rgerhards

Trading bitcoin short term or based on price momentum are dubious strategies. However, it can be traded based on Bitcoin's built in supply cycle. Every 4 years, 1/2 as much Bitcoin is mined. There are excellent opportunities based on this knowledge if you have the patience to wait years, rather than days.

rgerhards

Chart demonstrates price cycles and supply cycles.