Post
Topic
Board Speculation
Topic OP
Two & Four Year MA's Claim It's Time To Accumulate Bitcoin
by
dragonvslinux
on 03/12/2019, 10:40:43 UTC

Bitcoin has now entered the accumulation phase between the 2 & 4 Year MA's, represented by the 730 & 1460 MA's. As highlighted in green, this investment strategy has historically been the best tie to accumulate BTC for the long-term 4-year cycle, for 2014/2015, as well as 2018/2019.

The forecasted extrapolation is merely an example of where the price may consolidate in the coming months, but is far from a price target. The reference here is the accumulation phase is currently between $4650 and $7750, which may last only a matter of weeks, but historically lasts for a considerable amount of time, such as in 2014-2015 where there was an 11-month period of price consolidation and therefore accumulation.

Time to BTFD.



Yesterday we closed a Daily candle a few hundred dollars above the 2 Year MA, that was previously acted as strong resistance:



This has lasted a lot longer this time, but notably falling through the 2 Year MA hasn't followed through with capitulation, but repeated dip buying.