YouTube link: https://youtu.be/qFnsmErF0h4
Where will the Bitcoin price top be? How will we know?
2013-2017 Bitcoin Bull Run Animated Time-Lapse & Detailed Analysis.
These 30%-40% price drops are quite intimidating. When you see one happen, it&…
YouTube link: https://youtu.be/qFnsmErF0h4
Where will the Bitcoin price top be? How will we know?
2013-2017 Bitcoin Bull Run Animated Time-Lapse & Detailed Analysis.
These 30%-40% price drops are quite intimidating. When you see one happen, it's easy to think you just missed out on the top, and it can take a month or two to recover. That's a lot of time to have regrets and to be second guessing oneself. And then to see it climb again to higher highs afterward.
It's going to be difficult to see that drop, and not feel like "i just missed the bull run, and now we're in a bear market again"
Can be a truly nerve-wracking experience.
That's going to be a very difficult emotion to combat.
No one is going to know exactly how high the bull run is going to go.
But I think it's better to have a plan than no plan at all.
And we're going to use indicators. Many different indicators (different charts and analysis methods) to help us make the best GUESS as to where to top will be. Indicators gives us better odds of being closer to the top.
In future videos, we will cross reference different metrics with the Bitcoin price to determine where the top may be, i.e. 2 year moving average, stock to flow, trololo trend line, NUPL chart, did price double within 1 month?, google search trend for "bitcoin", previous bull run performance proportions, historical bull run peak-to-peak multiplier, etc.
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Disclaimer: This video is not financial or investment advice. Do not buy, sell or trade cryptocurrency, or make any financial decisions based on the content of this video. I am merely sharing what I have done and what I would do in various situations as an educational tool only.
#bitcoin #btc #crypto #cryptocurrency #news #blockchain #tokens #coins #price
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