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Author Topic: [Chart] Two & Four Year MA's Claim It's Time To Accumulate Bitcoin  (Read 871 times)
dragonvslinux (OP)
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January 08, 2020, 03:02:37 PM
Last edit: September 10, 2023, 02:21:18 PM by dragonvslinux
 #41

OP updated with latest screenshot.

[charts]

Could this be the end of the accumulation zone? Yes


Could this be the start of long-term accumulation? Yes


Is it a good time to buy Bitcoin for the long-term? Almost certainly.

$7245, December 27th 2019 (10)



Could it go lower? Obviously. When might it go lower? Next month.



No new TA anytime soon, my TA from last month is telling me everything I need to know right now.

[/charts]
dragonvslinux (OP)
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April 05, 2020, 08:28:45 AM
Last edit: September 10, 2023, 01:49:39 PM by dragonvslinux
 #42

Screenshot updated. Nothing to describe, original TA from December 2019 remains relevant:



Two occurrences is considered a coincidence. 3+ is where we can identify patterns.



Recent TA from elsewhere:

My mid-long term outlook would therefore be further consolidation within the trading range of 100 & 200 Week MAs until at least the halving. While it's possible price could break-out after the havling, given the current global financial situation and the need for many to raise fiat reserves, I believe the resistance level will remain as strong support for a few more months (until summer time), while at the same time the 200 Week MA (currently around $5,350) will additionally act as strong support (stronger than the resistance), that will ultimately form the new support base, confirming $3,800 as the swing low, providing the confidence for further upside for Q3 and Q4.


dragonvslinux (OP)
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May 01, 2020, 09:09:15 AM
Last edit: September 10, 2023, 01:49:16 PM by dragonvslinux
 #43

OP screenshot updated. Despite these MA lines not quite accurate, due to the black swan event, I'm still sticking to this TA from December 2019:
Accumulating between the 1 & 2 Year MAs remain good buying opportunities for the long-term.


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June 05, 2020, 10:37:02 AM
Last edit: September 10, 2023, 01:44:45 PM by dragonvslinux
 #44

OP updated with latest screenshot, not much to add from December 2019 analysis: the accumulation zone remains between the 2 & 4 Year MAs.



While price notably closed a Weekly candle below the projected 4 Year MA, this was nothing more than a fakeout and buying opportunity as previously suggested.
Given the current 2015 fractal comparison, it's possible that another re-test of the 4 Year MA (or close to) will occur, but also not necessary given the differences in price action.
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