Bitcoin Buy Weekly Strategy

The Weekly candle looks like it will hold 10K , I have not updated my Buy Weekly chart in a while but it is easy to see you would have some nice gains so far in 2020

here are the YTD numbers, 6 weeks of buying $100 of Bitcoin at the opening price of each new week, that $600 investment is now worth $743, that is 24% profit in just 6 weeks

What news event did I miss to cause this

Sorry I have been away so long, back to work

As of this moment, Bitcoin is selling at 8860, Had you bought at the beginning of each week over the last two months you would have purchased at the following prices
8516
8035
5353
5816
6780
6908
7124
7709

Giving you a $17,000 profit ( if you bought whole coins)

2 months of sideways action is a great time to accumulate Bitcoin.

Remember the US Fed is creating out of thin air trillions of new dollar, while at the same time the number of new Bitcoin being created has been cut in half.

an epic move higher for Bitcoin is just a matter of time,

two-month-long sideways consolidation continues but we could get our first green weekly candle in over a month, Some Bitcoin hotshot is saying a close above 9230 on the daily and weekly will trigger the next rally, as someone who has been accumulating Bitcoin I hope he is right but I don’t really see any strong price action signals near that level

Hi sir, where can i buy bitcoins? Where do you employ your strategy, at what broker?

here in the USA I use Coinbase.com

last three weeks we have been as low as 8905 and as high 9495 and as I type this we are sitting dab in the middle of this range, let’s look for a weekly close outside this range followed by a full weekly candle close outside this range that should end the consolidation, until then I may suspend my weekly buying as I have accumulated a lot here in the low 9000, a shakeout dip lower will have me buying again

Bitcoin HODLers watch with great enthusiasm
as the bitcoin price surges higher.
Or, not.

hodlers waiting for bitcoin to get moving

There are only 255 days remaining before bitcoin hits $1,000,000.
Either that, or John McAfee will have to do his thing on live TV.
(Reports claim he’s begun practicing with Vienna sausages.)

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a lot of wild price predictions, just giving me a rising 200-week moving average and price ontop that moving average and I am happy

Kraken is also popular in the US, as is Gemini.

Bitcoin above 9500 for the first time in a month, could this be the beginning of the next run or another head fake

@Dennis3450 I hope you kill it with BTC. Things are looking good on the Ethereum side.

I was ready to dump my Ethereum and buy more Bitcoin but glade I waited as Ethereum is on a great run

Bitcoin was above 10K earlier today, if it can rally back to get that weekly candle to close above 10K that would trigger a lot more buying

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Bitcoin is above 10300, this price area has been rejected 3 times , first two were followed by lower lows, this last one was nothing more than a pullback/consolidation, a breakthrough here would pave way for testing of last years high near 14K

1

I was expecting a breakout as you can see from my tweet. Seems we have now cleared that resistance.


I have a very bullish opinion of Bitcoin at the multi-year timeframe just based on the candlesticks


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Last 12 hours have seen significant moves.
Through $11k now. Thoughts on if and when and where a pullback will occur in the short term?

price is pulling back today but if we can get a weekly candle to close above 10500 then a weekly close above 12K will be our next target , we get above 12K then the all time high comes into play, I have no guess on the time frame, Bitcoin could be at all-time highs by the end of the year or it might take 2 more years,