This Chart will help summarize why bitcoin should see 20,000-25,000 again before it sees 75,000-100,000. Each MACD/STOCK PRICE Correlation for BITCOIN, has ran up successfully. It's the Run Downs That Matter In the Future. Each Time the Coin Has moved, it has subsequently saw 75% of its value depleted in 378 days of trading here on after declaring a HIGHER HIGH. It is important to Understand And Appreciate That Bitcoins Price will go down. This is a time of reflection and selling. Equities get more risker the high they get, not lower. From this chart, I am looking to see bitcoin sell off, and consolidate for the next year. I am anticipating a move that has happened off of the 20,000-25,000 Spot, that has happened the last 3 times Bitcoin Saw - 1/ a 378 Day Sell Off 2/ lost 75% of its value from it and 3/ Had MACD Run It up. All of these events have happened historically, all it takes is one catalyst to send it or throw it. Don't be silly and neglect the fact that bitcoin has ran substantially over the years while also being silly and buying bitcoin in the 40,000 only to have it sitting at 25,000 11 months from now. There is Investments - Like Value and Even further, Growth Investing where TIME makes money..... but with bitcoin, you are looking at an asset class where TIMED /Strategic plans makes money.
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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.