event that takes place every four years. The year of 2016 officially marked the beginning of one of the best bull markets an asset has ever had. A death cross happens when the 50-day moving average, which is a line formed from the previous 50-days closing prices, crosses down the 200-day moving average line. If the price drops you will average down. TL:DR, many investors are still hesitant about Bitcoin ending the bearish period, despite Bitcoins recent consolidation price action and market fundamentals looking strong. If public sentiment was the best indicator for making trading decisions, then everybody would be rich. Despite this public knowledge, many of us still fall into the same traps that cause us to either lose money or miss out on significant investment opportunities. Usually its better to wait for a turn-around trend to being investing. This method is perfect for cryptocurrencies since it eliminates the volatility of the asset and averages down the price over time. Instead of guessing where the bottom is, you can start accumulating.
Either way, it seems that most traders and investors stay out of the game altogether for all the wrong reasons. These are some questions Mattie will take a never sell bitcoin look at in this video. Nobody can be sure that 2019 will not lead to new lows for Bitcoin, the BTC chart has looked like a falling knife since January 2018. The opposite is called a Golden Cross, and it happens when the 50-day moving average line crosses above the 200-day moving average. You guessed right, the next halving is expected in mid-2020. How will you know if its the time to buy Bitcoin? When is a good time to buy bitcoin? Perhaps its the fear of being yet another victim of the market crashes weve seen during the 2018 bear market, or the constant negative messaging led by the mainstream media insisting that Bitcoin is dead or a pyramid scheme.
Should I buy Bitcoin now or wait until next year?
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