Buying and selling in the current BTC price discovery epoch
Any time it corrects, buy the shit out of the price every time it approaches the previous resistance. Basically, the places to be wary of a correction are:
Places to buy are:
You might have to front run any of the buying opportunities. So it may not reach $20,000 on the correction at $32,000, and it may not reach $32,000 on the correction from $50,500.
- the previous ATH (passed);
- the center of the green date boxes, which define the median log value of the price and the period of time between the most recent halving and the next ATH (~$32,000); and
- the center of the blue date boxes (~$50,500), which define the median log value of the price and the period of time between the previous ATH and the next ATH.
Places to buy are:
- any of the above once the price has approached the next marker (so back up the truck at $20,000 if it corrects from $32,000); and
- the blue parabolic curve if the price ever comes close to it for any reason.
You might have to front run any of the buying opportunities. So it may not reach $20,000 on the correction at $32,000, and it may not reach $32,000 on the correction from $50,500.
Related publications
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.