BITCOIN LONGTERM --- WHEN SHOULD YOU GET BACK IN?
English
When should I get back into Bitcoin? To answer this, I have created a long-term chart with a green line that connects the minimum prices of the bitcoin for a very long time. The current logarhythmic long-term trend is shown by the red line. For me, both are absolute support lines for long-term investors. When touching the red line I would really recommend everyone to build up further positions. Of course, in a negative market environment, the bitcoin price will once again touch the green line, but I do not see that at present, as the market environment currently looks quite good.
What do you think? Are you getting in now or are you waiting?
Deutsch
Wann sollte man wieder in den Bitcoin einsteigen? Um dies zu beantworten, habe ich mal einen Langzeit-Chart erstellt, bei dem in grün eine Kurve zu sehen ist, welche über eine sehr lange Zeit die Minimalkurse des Bitcoin miteinander verbindet. Den derzeitigen logarhythmische Langzeittrend zeigt die rote Linie. Beides sind für mich absolute Unterstützungslinien für Langzeitanleger. Beim Berühren der roten Linie würde ich wirklich jedem empfehlen, weitere Positionen aufzubauen. Sicherlich wird in einem negativen Marktumfeld der Bitcoinpreis auch mal wieder die grüne Linie berühren, aber das sehe ich zur Zeit nicht, da das Marktumfeld derzeit recht gut aussieht.
Was meint ihr dazu? Steigt ihr jetzt schon ein oder wartet ihr noch ab?
My guess is: short term trends can only be evaluatet ex-post. But at a certain treshold they have predictive potential for ex-ante evaluation and projektion. Therefor I would only go on the longterm perspective and rely on the green trend line. For the green log trend it needs a big sigma event to breake the trend (say never never) and the only event of this caliber needs (for a liquid market) put-options (with certain clearing house conditions). So I would chill on the green trend, until there are three red flags.
timing a low/buy-point with the curent trend is far, far more noisy concept. Maybe it works, maybe it will not work of course if the green trend holds, in hind sight it will kind of work (but this is not better than guessing/gambling)
When you first posted it( the green extrapolition, i think back in 2017), I knew that it is a trend that should hold ...if it will hold, thats a whole nother story.
Thanks for your detailed reply. Yeah, I think the green line will last forever.
@sevenseals I think Bitcoin will again create history
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That's for sure.
@sevenseals I also want to learn bitcoin chart will you teach me? sir
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What do you want to know?
We wait! The European Union forces residents to purchase smartphones in order to use Internet banks. Or at you not so ???
@sevenseals I want to know how to read these Bitcoin charts and know the prediction of price
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You get the long term price prediction when you extrapolate the green curve in the future. In my opinion the green line is the price the bitcoin never falls below.
Here you can see that curve extrapolated in the future:
I can't make any other price predictions. It would be pure speculation. Maybe the first testing of 1 Mio is between 2022 and 2026.
@sevenseals thankyou so much for information friend :)
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I'm always in lol
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