Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
BTCitcoin $16.9k<$21k in 31 Dec 2022
Bitcoin 20k plus Christmas Day December 31 Bitcoin price on this occasion will getThat's true. ONLY 9 days left in the year.. so the end of 2022 is coming upon us quickedly.
..........I urge anyone with two brain cells to ask for confirmation with the fingerprint on the profile AND the stacked Bitcoin address.
........
Wait! What do you mean stacked address?! How big of a stack?! What do we ask about it?? AWww... damn! It's too late; he's gone. We may never know.........
Hahahahaha.
Wait, wait, wait.. don't go.!!!!!!
oh?
too late.
Well that's o.k. it was not that important anyhow.
DCA is a lazy method.
Yes. That's a feature.. not a bug.
From all prior halvings and ATH here is a potential trading strategy:
1. ATH occurs at 1year-1.5 year after halving (in 2021 the double top was almost identical at ~1 year and 1.5 year).
2. Bitcoin bottoms occur after at least 80% decline from the ATH (happened 3 times, with just a slight decrease in % each time: 94,87, 84% decline).
The current cycle low was at about 77.5%.
Therefore, a "simple" trading strategy: sell at around 1-1.5 years after the halving (when prior exponent would start stalling). How to choose 1 year vs 1.5 year: sell when 30 day increase is at or more than 100% and we are around 1 year or 1.5 year interval post halving, then either buy a bunch at -75% or split into thirds and buy 1/3 at -70%, 1/3 at -75%, 1/3 at -80%. If the third point would not happen-buy something nice instead, like a car, vacation or a house (depending on your cap gains from the top). Don't chase.
1. ATH occurs at 1year-1.5 year after halving (in 2021 the double top was almost identical at ~1 year and 1.5 year).
2. Bitcoin bottoms occur after at least 80% decline from the ATH (happened 3 times, with just a slight decrease in % each time: 94,87, 84% decline).
The current cycle low was at about 77.5%.
Therefore, a "simple" trading strategy: sell at around 1-1.5 years after the halving (when prior exponent would start stalling). How to choose 1 year vs 1.5 year: sell when 30 day increase is at or more than 100% and we are around 1 year or 1.5 year interval post halving, then either buy a bunch at -75% or split into thirds and buy 1/3 at -70%, 1/3 at -75%, 1/3 at -80%. If the third point would not happen-buy something nice instead, like a car, vacation or a house (depending on your cap gains from the top). Don't chase.
Do you even follow what you preach?
Helrow?
You claim to never sell, and then you also describe some of your whimpy failures and refusals to sufficiently stack.
yeah, maybe you are quietly buying on dips.. but still. I question if you even come close to practicing what you preach.. even if you might aspire to carry out what you are suggesting in the future.
Maybe I am being a bit rough on you? perhaps?
I certainly attempt to follow much of what I describe, but surely sometimes each of us are talking about general principles in which we might not exactly follow on a personal level for each particular circumstance because actual price performance is ONLY one of several factors that we need to take into account: as you likely recognize and appreciate that Individual considerations include but are not limited to considering your cashflow, how much bitcoin you have already accumulated, your other investments, your view of bitcoin as compared with other investments, timeline, risk tolerance, and your time, skills, goals (investment/lifestyle targets) and your abilities to strategize, plan, research and learn along the way including tweaking strategies from time to time to consider trading, reallocating, use of leverage and/or financial instruments.