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Why didn't I buy BTC last summer when it was $30K?

02 Feb, 2022 Alexandru Carbunariu
I buy BTC last summe

We're pretty sure this question was in the back of many people's minds a month ago when the price of Bitcoin was at $60,000.

How can we anticipate such rises?

One strategy that can be used is following the chart.

The best way would be to identify key levels. It's true that these levels aren't 100% guaranteed, but they can provide useful insights into what has happened in the past.

Without Analysis 
Without Analysis
With analysis
With analysis

In the second chart, we can see a very strong support line as well as a good entry point for a long-term trade. Some trades usually call this 'Black Friday' when it comes to long- or medium-term trading. 

Similar opportunities: 

LiteCoin (LTCUSDT) is popular for its hedging power, and, with its MainNet update, LTC may see its price increase. The MA/EMA 10/10 Cross just formed 2 days ago. Current price: $105-$120. All-time high: $375. There's potential for 4x profit in the future.

FileCoin (FILUSDT) is a game changer in the blockchain world with cooperative digital storage and data retrieval methods. The RSI is at 35, meaning this is the perfect recipe for a medium- or long-term investment. Current price: $19$-$21. All-time high: $195. There's potential for 10x profit in the future.

ThorChain(RUNEUSDT) is used for governance, staking, bonding, rewards and trading. It provides a bridge for assets from different blockchains. It experienced a strong rejection around $3.20 and $3.80, near the coin's all-time low from last summer. Rune is potentially set to regain its losses.

Current price: $3.90-$4.10. All-time high: $21$. There's potential for 5x profit in the future.

Elrond (EGLDUSDT) has various applications. Its has recently introduced blockchain use, auto smart contracts and faster transactions. It had some issues with its first Elrond project launch. The losses were covered by the Elrond project, and the technical misfire was resolved. The Awesome Oscillator is on track for a reversal and is currently at -35 (from -73).

Current price 140-160$. All-time high 560$- possible 4x (or more) in the future. 

With opportunity comes risk, but with risk may come rewards. Don't miss out!

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