Bitcoins Only Buy Signal That Has Never Failed
Here are all of the proper base structures since bitcoins inception on a monthly log chart.
As you can see, every time Bitcoin has closed a monthly candle over the base structure, it has went on to make a massive move.
The WORST return you would have gotten from this buy signal would have been the most recent base buy point, which was still several hundred percent, not bad.
If this current small base acts like the previous small base in 2013 and has a monthly close perhaps next month above current all time highs, we may be in for a
proper and significant blow off top.
Of course this doesn't HAVE to happen, and truthfully on the weekly and daily timeframes the charts look worse than they ever have at the top of the right hand side of a base structure
compared to every single other structure in Bitcoins history. Time will tell if this plays out the same, but its about as safe as it gets for a signal and can keep you out of all the chop and
market manipulation that goes on at all time high pivots.
Thanks for reading! Let me know your thoughts please.
As you can see, every time Bitcoin has closed a monthly candle over the base structure, it has went on to make a massive move.
The WORST return you would have gotten from this buy signal would have been the most recent base buy point, which was still several hundred percent, not bad.
If this current small base acts like the previous small base in 2013 and has a monthly close perhaps next month above current all time highs, we may be in for a
proper and significant blow off top.
Of course this doesn't HAVE to happen, and truthfully on the weekly and daily timeframes the charts look worse than they ever have at the top of the right hand side of a base structure
compared to every single other structure in Bitcoins history. Time will tell if this plays out the same, but its about as safe as it gets for a signal and can keep you out of all the chop and
market manipulation that goes on at all time high pivots.
Thanks for reading! Let me know your thoughts please.
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