Arbusers

Lumberjack wrote: ↑

Wed Jun 15, 2022 8:18 am

Do you still expect the dates between 17 - 23 of June to be where an important bottom will accur?

Yes. I am narrowing it down to 17 to 22 of June.

A quick update.

I noticed the 200 weeks simple moving average (purple fat line) being cut like the knife cuts the butter. That gives me a clue the down trend being extremely forceful. I am slowing down the speed of accumulation and I am moving lower the price levels that I will continue buying.

We can see in the graph, that under us we have the support line representing the 2017 highs, at approximately 19700 (red line). We also have under us the ascending channel target that stands at approximately 19300 (blue line). I am now adding the 300 weeks simple moving average (purple slim line), as the 200 weeks makes no sense any more.

Also, I still have ahead of me the period of 17th to 22nd of June, that I expect an important bottom to occur. My buying activities will be accelerated during these days.


The 300 weeks simple moving average have been touched once again during the March 2020 crash.

The Daily Relative Strength Index is today at 20.79 and theoretically, it could go lower.
The weekly Relative Strength Index is today at 25.84 and this is the lowest since 2011.
The Monthly Relative Strength Index is today at 41.79 and this is the lowest ever since the inception of Bitcoin.

Information is not intended to be and does not constitute financial advice or any other advice. Information is general in nature and is not specific to you. You should not make any decision, financial or otherwise, based on any of the Information without undertaking your own due diligence.

This is to inform you that 33% of my dedicated amount is positioned in BTC.

arbusers wrote: This is to inform you that 33% of my dedicated amount is positioned in BTC.

Once again Sincerely thank you for being so transparent , please believe me when i say that giving us hints of your crypto action is of great value, since you have been proven in course of time to be succesfull in this , i hope i will not put you in a difficult position if i kindly ask you .... what was the average price of the BTC bought and what is the other 2/3 of your dedicated amount , if any ? Thanks in advance!

I would say his average price is around 21k (why you need exact number). And 2/3 capital is waiting to buy more lower, which is purpose of DCAing (again you don't need exact numbers)

nahcarts wrote: ↑

Thu Jun 16, 2022 12:29 pm

I would say his average price is around 21k (why you need exact number). And 2/3 capital is waiting to buy more lower, which is purpose of DCAing (again you don't need exact numbers)

We have the same guess but is it so bad to just ask ? Asking not only clarifies things but also gives opportunity for further talk and elaboration

For example I myself .. just used 1/5 of my dedicated amount to buy BTC , cause i unfortunately think that Btc's price will be even lower and possibly (i hope i am wrong in this) much lower!

My strategy is much simplier than everyone Strategy. It's just, do whatever arbusers said. No worries. I already do my own research, and i saw that this guy is so good.
Try to beat the market is so difficult, but you guys are trying to beat Arbusers.

CharlieSheen99 wrote: ↑

Thu Jun 16, 2022 1:59 pm

My strategy is much simplier than everyone Strategy. It's just, do whatever arbusers said. No worries. I already do my own research, and i saw that this guy is so good.
Try to beat the market is so difficult, but you guys are trying to beat Arbusers.

No! On the contrary we are in the same boat!
Come with us little sailor.. we still have free tickets

This is to inform you that I am now 70% BTC and 30% cash.
More details about the reasoning when I find the time, in the days to come.

Again...

Information is not intended to be and does not constitute financial advice or any other advice. Information is general in nature and is not specific to you. You should not make any decision, financial or otherwise, based on any of the Information without undertaking your own due diligence.

arbusers wrote: ↑

Sat Jun 18, 2022 5:47 pm

He has some good points. Stochastics are not my favourite cards to use as they can give false signals many times, but judging from his chart, I understand the absolute deep is 4 to 8 days away. It could very well be.

Thanks for your opinion.

Sentiment is negative , that's for sure , now obviously i could be wrong and THIS IS NOT FA!
However... in the long term i just cannot see how someone could lose if he is buying (best done by DCAing) right now!
In other words i would be surprised if anyone who buys right now would be in a loss after ... say 1 to 2 up to 3 yrs!
Just don't use leverage if you don't know how to do it!

As Arbusers said some weeks ago. Now it will go to 50k and after that to 3k.

In that momment could be a good time to buy as well.

One thing at a time. Every trading day is adding new data that would lead to different results.

arbusers wrote: ↑

Fri Jun 17, 2022 4:27 pm

This is to inform you that I am now 70% BTC and 30% cash.
More details about the reasoning when I find the time, in the days to come.

Again...

Information is not intended to be and does not constitute financial advice or any other advice. Information is general in nature and is not specific to you. You should not make any decision, financial or otherwise, based on any of the Information without undertaking your own due diligence.

Do you keep your last 30% as a backup if we see another huge downtrend or is the plan to buy in the next couple of days?