18 Comments
User's avatar
MB's avatar

Thank you for the fresh perspective. With all of the negative info coming out, its so easy to forget the excitement of the upwards trend from just a few weeks ago.

Albeit_J's avatar

Bitcoin is dead, long live Bitcoin. πŸ˜‚

pilscoop's avatar

TL;DR Don't believe the FUD and accumulate BTC every chance you get

Albeit_J's avatar

It is known. This is the way.

Mark Helfman's avatar

I prefer to accumulate when the market's low and HODL on the way up. Too risky to buy every chance you get.

Albeit_J's avatar

That’s a good strategy. For some coins I just set up weekly or monthly buys and try to ignore looking at charts every day.

CinderellaManD's avatar

So many crosses Jesus might come back. Learned new things reading this though.

CinderellaManD's avatar

I have my moments :)

helallensana's avatar

I get excited reading these kinds of theories. I squint my eyes, hmm, I think. I focus on the chart to see if I can find a detail that almost no one else may have seen. after messing around with it

Charts are results only. The reasons are variable.

and btc doesn't listen to any rules, it's on its own.

so buy more btc at every opportunity

this is the best plan.

Krowteaz's avatar

This means an opportunity for us to buy on the dip and sell at high, but rather buy at dip and hold until it get back to $40k or more.

SAURAV's avatar

Thanks for this analysis Mark

Nice Article too :D

dogeshekki's avatar

Great analysis Mark! Was definitely a fun read and great to see analysis done on something other than actual stocks. I find it interesting to see that the score for death crosses is at an even 4-4 for Bitcoin. Of course, looking at charts and analyzing is only speculations, but it's interesting to see that for a term named "death cross" it doesn't skew towards a downwards trend. Of course there's a lot of other variables that factor into these "wins" and "losses", but hopefully this new death cross that comes becomes a win!

Mercies's avatar

Its a fake out, the mainstream investors are just beginning to move assets to crypto.

KNeto's avatar

Very interesting! As you say in the article, there is always a risk whether BTC is but the history tell us, when BTC go down will rise more higher

Martin Saxton's avatar

Interesting article.

I'm not one to take much notice of charts as I just buy the dips and hodl. but its always good to understand more about what the charts are indicating.