{"id":411827,"date":"2020-01-21T17:00:54","date_gmt":"2020-01-21T17:00:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=411827"},"modified":"2020-01-21T19:14:31","modified_gmt":"2020-01-21T19:14:31","slug":"how-bitcoins-recent-downtrend-could-have-tripled-your-btc-stack","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/how-bitcoins-recent-downtrend-could-have-tripled-your-btc-stack\/","title":{"rendered":"How Bitcoin\u2019s Recent Downtrend Could Have Tripled Your BTC Stack"},"content":{"rendered":"<p>While <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a>\u2019s recent downtrend saw the leading crypto asset by market cap\u2019s value slashed in half from the local peak of $14,000, those that traded Bitcoin\u2019s recent downtrend buying one specific trendline and selling another each time the asset made a touch would have resulted in a massive increase in BTC held, and overall USD value.<\/p>\n<p>Here\u2019s the simple trading strategy that could have resulted in a crypto trader more than tripling their BTC stack, while also nearly tripling their capital value in USD.<\/p>\n<h2>HOLD No More: How Trading Bitcoin&#8217;s Downtrend Could Have Tripled Your BTC Stack<\/h2>\n<p>In late December 2018, <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> set its bear market bottom at $3,100. In April 2019, the first-ever cryptocurrency exploded out of its bottom trading range and went on a parabolic rally.<\/p>\n<p>At the high, Bitcoin had risen as much as 350% from trough to peak. But after the leading cryptocurrency by market cap topped out at $14,000, it fell over 50% to a low of $6,400.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/01\/17\/the-case-for-why-6400-wasnt-bitcoins-local-downtrend-bottom\/\">The Case For Why $6,400 Wasn\u2019t Bitcoin\u2019s Local Downtrend Bottom<\/a><\/strong><\/em><\/p>\n<p>Those that held even 1 BTC from the top to the most recent local \u201c<a href=\"https:\/\/ktsl888.com\/2020\/01\/17\/the-case-for-why-6400-wasnt-bitcoins-local-downtrend-bottom\/\">bottom<\/a>\u201d would have seen their portfolio value slashed by as much as 54%.<\/p>\n<p>However, those that traded Bitcoin\u2019s recent downtrend, buying and selling only when Bitcoin reached a key trendline \u2013 levels that aren\u2019t even the exact tops or bottoms \u2013 would have resulted in an over 250% gain in Bitcoin, and an over 58% gain in USD value.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-411828\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Screen-Shot-2020-01-21-at-9.21.23-AM.png?resize=860%2C441\" alt=\"bitcoin price crypto trading btc\" width=\"860\" height=\"441\"><\/p>\n<p>In the above daily <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> price chart, two trendlines have been drawn below the top and bottom boundaries of the downtrend channel Bitcoin has been trading within for the last six months.<\/p>\n<p>If a trader sold just 1 BTC at the dotted red trendline each time Bitcoin price reached it, then bought their Bitcoin back each time the bottom green trendline was reached, it would have resulted in turning that 1 BTC, into 3.64 BTC in just six short months.<\/p>\n<p>In the charts below, the percentage gain and decline are added to each buy or sell entry. No exact tops or bottoms are ever sold, instead, a lower, safer entry trendline was chosen.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-411830\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/SELL.png?resize=860%2C441\" alt=\"sell bitcoin\" width=\"860\" height=\"441\"><\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-large wp-image-411829\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/BUY.png?resize=860%2C441\" alt=\"buy bitcoin\" width=\"860\" height=\"441\"><\/p>\n<h2>2.5 BTC and $25,000 Richer, But Trading Requires Skill and Patience<\/h2>\n<p>In addition to more than tripling one\u2019s BTC stack, by trading <a href=\"\/tag\/bitcoin\" rel=\"nofollow\">Bitcoin<\/a> instead of holding 1 BTC, the USD equivalent value of the new BTC holdings would be valued at over $31,000.<\/p>\n<p>Meanwhile, holding the same 1 BTC from $13,000 to $6,400 would have resulted in a $6,600 loss in USD value. By trading instead, a trader would have ended up with triple the BTC, and nearly a $25,000 difference.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-411831\" src=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/Screen-Shot-2020-01-21-at-10.56.00-AM.png?resize=487%2C274\" alt=\"bitcoin trading calculator\" width=\"487\" height=\"274\"><\/p>\n<p>But don\u2019t let these magic math numbers fool you \u2013 trading is extremely difficult, and the probability a trader accurately bought and sold each of these peaks and bottoms is extremely low.<\/p>\n<p style=\"text-align: center\"><em><strong>Related Reading | <a href=\"https:\/\/ktsl888.com\/2020\/01\/16\/blind-bitcoin-bias-gives-crypto-technical-analysis-a-bad-rap\/\">Blind Bitcoin Bias Gives Crypto Technical Analysis a Bad Rap\u00a0<\/a><\/strong><\/em><\/p>\n<p>The above examples are solely designed to demonstrate how trading an asset is oftentimes more lucrative than a simple buy and hold strategy. It\u2019s worth also pointing out that making the wrong trades during the last six months also could have diminished a BTC stack significantly.<\/p>\n<p>For those interested in learning to trade, get started with a <a href=\"https:\/\/www.tradingview.com\/gopro\/?share_your_love=TonySpilotro\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">TradingView account<\/a> and begin to learn technical analysis. With a little effort and practice, drawing trendlines like the above photos depict can become second nature and allow crypto investors to profit even more from the market.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>While Bitcoin\u2019s recent downtrend saw the leading crypto asset by market cap\u2019s value slashed in half from the local peak of $14,000, those that traded Bitcoin\u2019s recent downtrend buying one specific trendline and selling another each time the asset made a touch would have resulted in a massive increase in BTC held, and overall USD value. Here\u2019s the simple trading strategy that could have resulted in a crypto trader more than tripling their BTC stack, while also nearly tripling their capital value in USD. HOLD No More: How Trading Bitcoin&#8217;s Downtrend Could Have Tripled Your BTC Stack In late December 2018, Bitcoin set its bear market bottom at $3,100. In April 2019, the first-ever cryptocurrency exploded out of its bottom trading range and went on a parabolic rally. At the high, Bitcoin had risen as much as 350% from trough to peak. But after the leading cryptocurrency by market cap topped out at $14,000, it fell over 50% to a low of $6,400. Related Reading | The Case For Why $6,400 Wasn\u2019t Bitcoin\u2019s Local Downtrend Bottom Those that held even 1 BTC from the top to the most recent local \u201cbottom\u201d would have seen their portfolio value slashed by as much as 54%. However, those that traded Bitcoin\u2019s recent downtrend, buying and selling only when Bitcoin reached a key trendline \u2013 levels that aren\u2019t even the exact tops or bottoms \u2013 would have resulted in an over 250% gain in Bitcoin, and an over 58% gain in USD value. In the above daily Bitcoin price chart, two trendlines have been drawn below the top and bottom boundaries of the downtrend channel Bitcoin has been trading within for the last six months. If a trader sold just 1 BTC at the dotted red trendline each time Bitcoin price reached it, then bought their Bitcoin back each time the bottom green trendline was reached, it would have resulted in turning that 1 BTC, into 3.64 BTC in just six short months. In the charts below, the percentage gain and decline are added to each buy or sell entry. No exact tops or bottoms are ever sold, instead, a lower, safer entry trendline was chosen. 2.5 BTC and $25,000 Richer, But Trading Requires Skill and Patience In addition to more than tripling one\u2019s BTC stack, by trading Bitcoin instead of holding 1 BTC, the USD equivalent value of the new BTC holdings would be valued at over $31,000. Meanwhile, holding the same 1 BTC from $13,000 to $6,400 would have resulted in a $6,600 loss in USD value. By trading instead, a trader would have ended up with triple the BTC, and nearly a $25,000 difference. But don\u2019t let these magic math numbers fool you \u2013 trading is extremely difficult, and the probability a trader accurately bought and sold each of these peaks and bottoms is extremely low. Related Reading | Blind Bitcoin Bias Gives Crypto Technical Analysis a Bad Rap\u00a0 The above examples are solely designed to demonstrate how trading an asset is oftentimes more lucrative than a simple buy and hold strategy. It\u2019s worth also pointing out that making the wrong trades during the last six months also could have diminished a BTC stack significantly. For those interested in learning to trade, get started with a TradingView account and begin to learn technical analysis. With a little effort and practice, drawing trendlines like the above photos depict can become second nature and allow crypto investors to profit even more from the market.<\/p>\n","protected":false},"author":517,"featured_media":411857,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5651,3],"tags":[428,6664,4078,4189],"class_list":["post-411827","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","category-news","tag-bitcoin","tag-crypto","tag-technical-analysis","tag-trading"],"acf":[],"yoast_head":"\n<title>How Bitcoin\u2019s Recent Downtrend Could Have Tripled Your BTC Stack<\/title>\n<meta name=\"description\" content=\"While Bitcoin\u2019s recent downtrend saw the leading crypto asset by market cap\u2019s value slashed in half from the local peak of $14,000, those that traded\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ktsl888.com\/news\/how-bitcoins-recent-downtrend-could-have-tripled-your-btc-stack\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Bitcoin\u2019s Recent Downtrend Could Have Tripled Your BTC Stack\" \/>\n<meta property=\"og:description\" content=\"While Bitcoin\u2019s recent downtrend saw the leading crypto asset by market cap\u2019s value slashed in half from the local peak of $14,000, those that traded\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ktsl888.com\/news\/how-bitcoins-recent-downtrend-could-have-tripled-your-btc-stack\/\" \/>\n<meta property=\"og:site_name\" content=\"NewsBTC\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/newsbtc\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-21T17:00:54+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-01-21T19:14:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/01\/bitcoin-btc-stack-shutterstock_320201489.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"667\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tony &quot;El Toro&quot; 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As the Head of Research at NewsBTC, Tony leads a team dedicated to providing cutting-edge insights and forecasts, helping both novice and experienced traders navigate the complexities of the crypto market. A seasoned Chartered Market Technician, Tony's prowess in identifying and capitalizing on market patterns is unmatched. His academic and professional journey in market analysis has firmly established him as a leading authority in technical trading strategies. Tony\u2019s approach is heavily influenced by the principles of Elliott Wave Theory, a method known for its rigorous assessment of investor psychology and price movements. Beyond his role at NewsBTC, Tony is the visionary founder of CoinChartist.io, an educational platform aimed at demystifying the nuances of cryptocurrency trading. CoinChartist.io serves as a valuable resource for traders seeking to enhance their technical analysis skills. The platform offers a range of learning tools and resources designed to empower traders with the knowledge to make informed trading decisions. In addition to his educational initiatives, Tony is a prolific author and a dominant voice in the crypto community. He writes the CoinChartist VIP newsletter, a weekly dispatch that has become a staple among crypto enthusiasts, revered for its insightful analysis and actionable trading advice. This newsletter has consistently ranked as a best-seller on SubStack, boasting thousands of subscribers who rely on Tony\u2019s expertise to guide their trading strategies. Tony is also celebrated for his literary contributions to the field. He is the author of the highest-rated Crypto Trading Journal on Amazon.com, a testament to his ability to communicate complex trading concepts in an accessible manner. This journal is widely regarded as an essential tool for traders aiming to track their progress and refine their strategies. Before his ascent in the financial analysis world, Tony honed his skills in journalism. His background in this field has endowed him with a unique ability to present intricate market dynamics in a clear and compelling manner, making his insights highly sought after by a broad audience that ranges from casual readers to professional traders. His professional affiliations underscore his commitment to excellence and continuous learning. As a partner of Elliott Wave International and TradingView, Tony collaborates with other leading experts to enhance his knowledge and skills. His active membership in the CMT Association further aligns him with the highest standards of industry practices and ethics. Tony\u2019s nickname, \\\"The Bull,\\\" aptly reflects his aggressive and optimistic outlook on the cryptocurrency markets. His forecasts often anticipate significant upturns, earning him a reputation for bullish predictions that have frequently led to lucrative outcomes for those who follow his advice. In summary, Tony \\\"The Bull\\\" Severino, CMT, is more than just a technical analyst; he is a mentor, educator, and innovator whose influence in the cryptocurrency space continues to grow. 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