Charlie Munger, one of the greatest investors of all time, said:
"Buy high quality assets on the 200 week moving average and you'll beat the S&P 500 by a large margin."
The best buy signal in Bitcoin isn't a pattern or an indicator.
It's the 200 week moving average.
Every time $BTC has touched it, it marked a generational bottom.
2015. 2019. 2020. 2022.
We just touched it again at $61,800.
If you genuinely felt like you could succeed in anything you do with enough effort, you'd work 10X harder.
Unironically, if you worked 10X harder, you most likely would succeed.
And that's what ppl call the law of manifestation/attraction or whatever.
$BTC unfortunately has to go to a price so low that even you start questioning it before we see the bull.
It’s not rocket science, this is just typical market psychology.
Most of TA on charts is reading human emotion and reactions.
We are not there yet.
ct glorifies perps and meme coins as the most efficient path to wealth. i disagree.
the best way to get rich in crypto is boring: have a job, pour savings in, buy spot in bear markets, sell in euphoria. repeat for 2-3 cycles over 5-10 years.
that's what i did. it's not sexy. it's not fast. but it works.
you don't get wiped on leverage. you don't lose everything on a rug. you just buy "good" coins cheap, hold them, and sell when everyone loses their minds in euphoria.
often times the people who make it in crypto aren't the best traders. they're the ones who survive long enough for a bull market to reward their patience.
#Bitcoin LONG TERM UPDATE:
$BTC has been historically predictable.
2022 bear market ended the same way the 2019 and 2015 bear markets did.
If we see a close below $74,800 and #BTC stays historically predictable this would be the KEY long term accumulation levels to monitor.
people keep trying to compare the $HYPE rally to $SOL
low-effort engagement bait
the truth is, we’ve never had a coin move into top 10mcap with a solo-rally like this as Bitcoin maintains a HTF downtrend
there is no comparison to be made
you have not seen this before. ever.
@GalleonCrypto A bit concerning. Think we should take it one step at a time lol
I would call tops here but BTC down, everyone bearish still. So i guess no top