Be Careful… The Bitcoin Bear Market Isn’t Over Until These Two Things Happen…
Hey {{First Name}}, there’s a big debate right now between people who think the Bitcoin bottom is already in, or if there’s still more downside to come…
So today I’ll fill you in on how to win no matter what happens…
Here’s the current chart… The white moving average line is the 50 week moving average…
In order to confirm that we’re in a bull market, Bitcoin would need to close above this line and turn it into support.
The yellow horizontal line represents the price level Bitcoin would need to close above in order to confirm the trend has changed from down, to up…
That line currently sits at $83,000.
Until both of those happen, we are technically still in a bear market and the higher probability is still down.
The vertical dashed line represents 364 days after the previous cycle top, which is exactly when Bitcoin has bottomed in it’s previous bear markets…
If the bottom was already in, Bitcoin would have reached that bottom 100 days earlier than it ever has before.
So How Can You Position Yourself To Win Not Matter What?
Trying to guess what Bitcoin is going to do next is stupid and pointless. It’s literally just gambling.
Instead, you can position yourself to win no matter what it does…
And you can do that by buying a little bit of BTC every single day… This is called, “Dollar-Cost-Averaging”…
Specifically, you want to do this when the CLEAR Algo™ is in the “Golden Zone”, which are the dark gold candles you see in the chart below…
When Bitcoin is in this area, it means it’s oversold and available to buy at bargain prices…
When we enter this zone, you can just setup an automated daily buy for Bitcoin on your exchange of choice…
If the price increases, your portfolio goes up and you win…
And if the price declines… You get to buy more Bitcoin at lower prices, which reduces your average cost, and increases your profits in the next bull market.
You should never try and target the “exact bottom” because that’s impossible, and that’s how people get stuck on the sidelines constantly waiting for it to go lower.
Instead, you want to target the “Golden Zone” and buy a little bit of BTC all the way through this zone, which you can easily do with CLEAR.
And by the way… This is the way the chart looks like normally for people who don’t use CLEAR…
And I’ll just say this… “Good luck!”
In Summary…
Bitcoin is sitting on the fence right now…
A close above $83,000 means the bull market has begun…
And until that happens, there is still significant down-side risk…
The only way to ensure you win not matter what is to setup an automated buy that allows you to buy a little bit of Bitcoin every single day no matter what the price is during this “accumulation phase” of the bear market.
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Sincerely,
Mike Dillard ✞
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