Bitcoin (BTC/USD) 50% discount on Bitcoin, from line MA 200. Only 4 times this happened. Good Bitcoin Buying Areas

Today I bring you the multiple of mayer configured specifically to mark the point of, good shopping areas

This is one more indicator that you can use to make your decisions to buy or not Bitcoin.

If you set the Mayer's Multiple with the Oscillator to 0.5, the bottom line, where the price touches the line, are good long-term Bitcoin buy zones.

Only 4 times it touches the line, in the history of Bitcoin configuring it this way.

We will see

You must configure the green line below the graph with the following formula

0.5*sma(m1,200)

That is, 50% of the 200-period line. That is, you are buying Bitcoin at 50% below the 200-period line

As we see in the graph it only happened in 2015, 2019, 2020 and now it is happening

I leave the link for you to try, analyze and make your own decisions

source: studio.glassnode.com/workbench/37581dcc-55c4-4156-6ad4-b9eb6216089f?s=1345915875&u=1655942400&zoom=

What do you think?

Protect your assets use Stop loss

The alcoins market is very dependent on the price of Bitcoin, when Bitcoins goes up the alcoins go up more, but also in the other sense, so I suggest that you periodically review a Bitcoin and use stop loss and move it when they are already in profit. Do not let a profit become a loss.

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READ DISCLAIMER: this publication / analysis is only for general information purposes. I am not a professional trader and I will never be a financial advisor. The material in this publication does not constitute any trading advice of any kind. This is the way I see the paintings and what my ideas are.
Perform your own analysis before making an investment decision. Use money that you are willing to lose if you make an investment.
If you make exchanges or investments after reading this publication, it is entirely at your own risk. I am not responsible for any of your gains or losses. By reading this publication, you acknowledge and agree that you will never hold me liable for any of your profits or losses.

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