In this koersanalyse we will focus more on the long-term investor, and the HODL’ers. We focus, then, also, a bit further out than we are used to seeing. And, yes, we are very bullish on the bitcoin price.
Also, Axel has been a positive experience:
Contents
More than 90% of the positive
So, let’s start out with a very cool stat. The chart below shows, there are really only two koopmomenten in the history of bitcoin, so you are now in the red.
Above you can see a different view of the dollar exchange rate of bitcoin. We will make sure that you have chosen to get the dollars as you get further into the past, you can look at. It speaks, perhaps, to feel it, but if you are in the green periods, had bought it, you are now in profit. The two (actually three, but the latter, if we do not join the ” red zones, no if you compare it with the history of bitcoin.
This means that 93% of all the months in green. In other words, the price of bitcoin is now higher than 93% of the history of bitcoin. We also know that a lot of people, and for the first time, bitcoin is purchased by the end of 2017, beginning of 2018, due to FOMO. And all of these people will have to be changed to the ‘ min ‘ to it, right?
This does not need to be at home. Imagine that you have your first bitcoin on top of the $ 20,000 was purchased on december 17, 2017, and would you every month for the same amount of bonding, then you have the it was 26.5% of earnings. If we’re going to the amount of 100 usd, x 23-months, and then you have $ 2,300 invested. There is a little more than 0.35 bitcoin for it. At this moment in time, that is 2.909 dollars. Still, a tidy profit of around $ 600.
In the lesson, and a disclaimer, because this is not a buy recommendation): it is advisable to periodically, a little bit of to invest in, rather than a single time, a large amount of money. It is, DCA is referred to as either the Dollar-Cost Averaging.
Falling Wedge
The following graphic, we will switch back to the dollar and the euro. We’re going to talk about the falling wedge.
The falling wedge is a bullish continuation patern. Basically, this means that the positive sentiment is not yet over. The buyers still have the upper hand.
What you see above is the massive growth of 45%. The bitcoin exchange rate to respond to the positive statements from the Chinese president about the blockchain. Then, you can see that the buyers are back, recharge your batteries and just relax a little. The two trendlines of the falling wedge are moving closer to each other, and the exchange rate has to be here in the next few weeks, just waiting to happen.
The past teaches us that if the price at the top of the falling wedge breaks out, the growth rate is comparable to the growth rate prior to carrying out.
The bottom line is an interesting one. It is not only in the short term, but it’s just been evident since mid-July. You can see in the chart below.
Starting in July, you can get a trend line is draw along the top of the course. The line was for a long period of time, a resistance, where the exchange rate but does not pass through break. When the share price once it started I changed the line in support.
The best days are flying by, gotta catch ‘em all
If you look at the exchange rate as of april 2019 at the latest, you will see lots of little red candles, and a couple of big green candles.
Each of the candle above is one of the day before. A lot of candles in red, and if you do, each day of the course you will follow, you may have the feeling that the market is not going well. Use these times to zoom in. From the start of 2019 at the latest, it is a support trend line is visible. There is a course but once you have gone into hiding, and before that, with all of the violence in the world, please read: as of 2011, is not so hard to grown in a single day), there is once again the top came out.
The price of bitcoin is going to need to talk to a couple of days in the year when you have huge green candles to see. Analyst Thomas Lee of Fundstrat shows that if you are one of the ten best days of a bitcoin per year-are not taken into account, then drop the price each year by 25%. To hodl, and at a set time, on average, to invest in, you’ll walk a few days, do not miss it.
Tried and tested with multiple long-term
For the longer term, it is the tried and tested ‘ Multiple-indicator of great interest. The tried and tested ‘ Multiple-indicator is developed by bitcoin investor Trace Mayer.
What is the tried and tested Multiple-player? The tried and tested with Multiple is the ratio of the Moving Average (MA), and the price. The price of bitcoin will be divided by the value of the average of 200 days.
Is She a Multiple of less than 1? The share price is below the 200-day MA (green line). The value Is higher than 1, then the stock price is above the MA.
This indicator gives a lot of valuable information. Where are the tops and bottoms of the exchange rate in the long term. The tried and tested is Multiple in the graph shown above as a blue line. In July, the value of more than 2. This could be a sign that the price is overvalued that is. Since then, the price on it has dropped, and it is the However Multiple, even in the 1 well.
According to the RSI), price appreciation in the short-term
As you may have noticed, we are positive on the share price evolution over the long term. But for the short term, we have got a positive indicator to be found.
Each candle represents an hour. Even though the price can sometimes start to relax, and there is always something to be lower in the soil are visible, and the RSI, is a different story. That is, even in higher floors, as we can see in the purple section of the chart. This is to pay close attention to is called. This is perhaps the most obvious, if we look at the two blue lines. That is, move closer to each other. Often, it shows that the verkoopdruk is declining, and that we will have a price increase can be expected in the short term.
We can only be in a positive direction over the long term, and we can adjust our investment strategy to. This means, In practice, periodically, to invest and to hold on to your bitcoin in order to have the best of days for them to catch on.
Disclaimer: this is not a buy recommendation. Think carefully about your strategy.