Bitcoin (BTC/USD) Bitcoin holders will love this indicator. Why?
3400 days it has been a good investment to buy Bitcoin. Why?
Bitcoin Profitable Days Indicator
When your friends ask or are discussed about Bitcoin they should show you this graph.
Today I bring you another indicator, which is related to the days when the price of Bticoin and its holders
Let's see
Indicator Overview
Number of days in Bitcoin's traded history where holding Bitcoin has been profitable relative to today's price.
This chart highlights the aggressive growth of Bitcoin's adoption curve over time, which is reflected in its price. Because supply is limited, as demand grows price moves up.
For investors, it also demonstrates the importance of understanding the market cycles of Bitcoin to avoid buying market cycle tops. The drawdowns from cycle tops can last a long time, around 2-3 years in previous cycles.
Created By
@Rhythmtrader
source: https://www.lookintobitcoin.com/charts/bitcoin-profitable-days/
As we see in the indicator, it shows that the 95% that Bitcoin bought is being profitable at current prices.
The graph shows us that from 3580 days it has been profitable 3400 days
And that cannot be refuted by anyone.
And if a long-term bullish raly starts, post halving above $ 20,000 it will be 99% of the time until it corrects again
And what do you think? Bitcoin up or down?
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The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.
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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.
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