At the beginning of 2021, when the market starts to rush upwards, let's review the overall trend of Bitcoin in the past year to make a simple summary of the future layout.
Remarks: There are a lot of K-line charts in this article, but it is not for technical analysis, just to review the trend of Bitcoin.
On March 12, 2020, Bitcoin fell from around US$8,000 to US$4,350, a drop of nearly 40%, and then continued to fall to the lowest point of US$3,800 on March 14 (different exchanges are slightly different, basically at US$3,800 about).
On January 7, 2021, the price of Bitcoin was above 37,000 US dollars, with a maximum of 37,680, which was close to 38,000 US dollars.
From 3800 to 38000, there is a 0 in the middle, which is ten times. Bitcoin rose tenfold from its lowest point in less than a year.
I know that not many people can grasp this ten times. Even if they get $5,000 in bitcoin after March 12, they still have 7 times the income so far.
Let's see what kind of shape there is in the middle.
The picture above shows the weekly and monthly lines. If you look at the large-cycle monthly line, since 312 (March 12, 2020), only June and September 2020 have fallen in a total of 10 months. In other words, 80% of the time is up.
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Last Bitcoin Halving Quotes
The last Bitcoin halving was on July 10, 2016, when the price of Bitcoin was $650.
The 2016 halving period is about one month in August, and the lowest price is about 570 US dollars. It fell by 13%, and then rose all the way, reaching the high point of the last bull market at $19,500 in January 2018. That's 16-17 months up.
History may not be able to repeat itself, but when we know the big cycle, the layout becomes relatively simple. Now the bull market has definitely started, and it has gone for 10 months. There is a high probability that the bull market will continue for 3-6 months , even over 6 months.
That is to say, this bull market is accompanied by the domestic economic recovery, and the big A shares are also a breakthrough period in the past three years. The bull market lasted until June this year. The basic problem is not very big. Whether it can last until the second half of 2021 is unknown.
Therefore, the current investment logic is very clear. A certain position can be arranged now. If the callback continues to be arranged, and then between April and August 2021, that is, around June, the shipment will be shipped.
The current price is very high, but there is no need to be afraid. On January 4, 2020, the pin will be pulled back to around 28,500 a day, and the long contract will continue to rise. This kind of market will continue. In the first quarter of 2021, Every pullback is an opportunity to get on the bus.
High and low prices are relative. From $650 to $570, the drop is 13%, and from $37,000 to $32,200, the drop is also 13%. The former fell by $80, and the latter fell by $4,800. For investors In other words, there is no difference in a cycle, 1 million becomes 870,000, 100 yuan becomes 87 yuan, and the rising logic is the same.
Delete words such as "if, if, if, regret or not" from your thinking. It turns out that Bitcoin was only less than 700 US dollars in 2016, but now it is 50 times higher. At that time, I took 100,000, and now it is more than 5 million. If you can go back to before 2013, you can buy 10,000 bitcoins, 100,000 bitcoins, and you can be financially free. Back in July 2018, when Pinduoduo was listed, you bought it ($19 a share), and now the income is about ten times (the current price is $177), bilibili, Tesla, Weilai Automobile, etc. Can.
History cannot be assumed, nor can life be assumed. You can only make good choices at the moment. The new year has begun, let's not be depressed about what we missed, in the future we will have more choices and more misses, all emotions can't change the status quo.
In a cycle, in the eyes of mature investors, there is no price level, only the ratio of rise and fall.
The strategy in this article is very bold, and you can use it as a reference:
Before April 2021, every callback will increase the position, and after June, every rise will be shipped.
