Is It Too Late To Buy Bitcoin?

#bitcoin #crypto #cryptocurrencies
I explain whether its too late to buy Bitcoin. Step by Step breakdown.

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Here’s a breakdown of why I don’t think it is too late to buy Bitcoin. I’ll address this question by using a Bitcoin Investor Tool called the 200 Yearly Moving Average Multiplier. This 2Y MA multiplier consists of a 2 year moving average and a 5x multiplier of that moving average. The 2 year MA (green) showcases that whenever Bitcoin’s price breaksdown from this moving average, price enters an area of outsized returns for bargain hunters who accumulate in said area.

This area is when most investors are extremely fearful about price and where maximum pessimism towards the asset prevails. However, this area also happens to be a price region whereby the prospect of reward for a Bitcoin investment far outweighs the risk of downside. Ranging below the green line has historically precedes a financial opportunity with an excellent return on investment.

On the flip, the red line showcases a great area to take profit on a BTC investment as price reaches the peak of its bull market. This is where we observe peak greed and maximum optimism amongst BTCUSD investors. Deviating beyond this red MA precedes a sell-off. Every time Bitcoin has broken down from the green MA is when a ranging period began. I explain these ranging periods in more detail in the video but these are accumulation areas for prospective bargain hunter Bitcoin investors.

It’s important to measure the percentage of decline from this 2 year moving average to see if there are any recurring tendencies in these retraces. It turns out there are some tendencies. We tend to see a 44-54% retrace upon breakdown from the 2 year MA. If we extrapolate this finding to future price action it gives us an interesting conclusion.

That conclusion is this. Bitcoin recently retraced 46% upon breakdown from the MA, reaching $3800. This is in line with the historical 44-46% retrace that has happened in the past. It may very well be the bottom if indeed this is the sort of retracement that is to repeat. But on the flip side of that, if Bitcoin is to repeat a 53-54% correction – then the bottom isn’t in. In fact, a 53-54% correction from current prices would mean that $3800 wasn’t the bottom and that we may see levels as low $3300-$3400.

Whatever the case may be, Bitcoin is residing within an area that tends to produce outsized returns. On a micro scale, it could be that it is too late to buy bitcoin at a deep discount. However, if we zoom out and gain perspective of the macro trends, then it is not late at all to be buying Bitcoin in this historically attractive region.

What are your thoughts about today’s video? Feel free to leave a comment below! Thank you for watching the video. If you enjoyed the video, please feel free to drop a Like and Subscribe for more videos like this in the future.

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  1. I just got a 10btc from amazinghack .tech is the best

  2. Rekt, i love the site ty!

  3. What to late? Btc on the way tp 1k usd.

  4. superb

  5. Any updates today Rekt 🙂

  6. What I also find remarkable is that the fear and greed index not really moves despite this relief rally. Price goes up, but the fear stays the same :).

  7. Top video! It's great how you go into detail and provide easy to understand explanations while also giving a realistic and non-biased opinions. Keep up the awesome work!!!

  8. Brilliant 👍🏼
    Hoping for a lower low but with the economy in such a negative place I’m feeling this will be the catalyst for BTC to fly.

  9. Just opened my first coin base account and doing some research as to how to proceed forward, this was pretty informative thanks for the info! Helped me quite a bit

  10. Awesome video. This kind of stuff is exactly what I’ve been looking at.

  11. Your TA is brilliant. Keep them coming, much appreciated!

  12. Smart words, but we don't know what will happen to the coronavirus, the stock market, in the next few weeks. Now a big player pump up the price, but Are you see volume? Now everyone is worried about how to survive with the family.

  13. 👍🙏✌️🤟✊👊

  14. Thanks for showing us the big picture… great video 👍

  15. Really like your view of the market and your content is top. You deserve more subscribers. Hope you stay with us for the wild ride. Cheers

  16. Insta Thump Up! 👍🏼


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