I have been out of Bitcoin for a long time, but with such awesome gains I figured I need to finally play the long(term) game and not actually trade in and out of Bitcoin . So...
Based on history BTC has always tapped the SuperTrend line or once making a new ATH -0.73% it will flip the SuperTrend and go below the 200 SMA .
On this most recent push to $4000 we have not touched the SuperTrend line after flipping it green. So this is what I am waiting for. Then next thing to watch for would be a large move down to go below the 200 SMA .
At that point it is time to put some of my savings into Bitcoin and lock it in cold storage and wait 6 months to a year. = PROFIT!
Based on history BTC has always tapped the SuperTrend line or once making a new ATH -0.73% it will flip the SuperTrend and go below the 200 SMA .
On this most recent push to $4000 we have not touched the SuperTrend line after flipping it green. So this is what I am waiting for. Then next thing to watch for would be a large move down to go below the 200 SMA .
At that point it is time to put some of my savings into Bitcoin and lock it in cold storage and wait 6 months to a year. = PROFIT!
Komen:
Forgot to box in the second location of where we could be in the cycle. It is just above the small orange box where the price took another big dip, still not coming close to the SuperTrend.
