rgerhards

Major short term dips Bitcoin has had many major dips in the past. The last four largest dumps (including the current one) caused a 63% drop. 2 out of 3 represented the long term bottom. The one that ended in Feb 2018 was followed by 95% gain before the long term bear continued. https://www.tradingview.com/chart/3ae64DHr/Comment: This turned out to be pretty much correct.

BTC cycles It appears we are at the bottom of the current cycle. This is historical the best time to buy.Comment: Still not conservative enough.

BTC moving averages Moving average cross and trend line suggest this is a buying opportunityComment: It actually was a great buying opportunity just a few days, and $3,000 lower.

Bitcoin broad perspective Most would agree that cryptocurrency is experiencing a significant correction, if not in the middle of a bear market. Zooming out, and taking the long view, what appreciation can we reasonably expect bitcoin to have? The blue trend line is the most important part of this chart. It assumes an annual return of 250% based on the trend set from August 2015 to April 2017. After that, bitcoin began a new trend resulting in gains at a pace of 1000% annually until the end of 2017. In order to get back on track to the 250% return line, BTC prices will need to reach some painfully low levels. The most optimistic curve appears to me to be the least likely.Comment: Wrong. It was the 2850 curve that ended up being closer to reality

Bitcoin cycles Trading bitcoin short term or based on price momentum are dubious strategies. However, it can be traded based on Bitcoin's built in supply cycle. Every 4 years, 1/2 as much Bitcoin is mined. There are excellent opportunities based on this knowledge if you have the patience to wait years, rather than days.

Bitcoin Cycle Chart demonstrates price cycles and supply cycles.