Frequently Asked Questions
In this section, you’ll find answers to the most common questions about the Bitcoin Destiny Line Model. If you have any additional questions, feel free to contact us directly.
No, this model has been designed exclusively for Bitcoin, taking into account Bitcoin’s proof-of-work, miner reward halving dynamics, and on-chain activity.
Bitcoin is the key driver of the entire digital asset class. If Bitcoin is going up or sideways, other digital assets may also rise. However, if Bitcoin is declining, other digital assets tend to follow. The model can be used with other crypto assets by plotting the Bitcoin season background and indicators, and combining it with any other technical indicators you prefer. However, none of the other crypto assets have the same built-in pricing dynamics that Bitcoin has. As a result, only the Bitcoin seasons part of the indicator will be visible when used with other assets, not the Destiny Line itself, the Volatility Bands, or the Support and Resistance Levels.
Although the model can be viewed in any timeframe, market entry signals will only be visible on a Daily timeframe.
In the market, there are only probabilities and no guarantees. While a more than a decade of favorable price interaction with market data provides a good level of confidence in the model’s performance, it is not possible to foresee any black-swan events that may arise.
Yes, in TradingView, you can set alerts and select the appropriate options for alerts, such as Market Entry Triggers, Support/Resistance Band crosses, as well as crosses of the Destiny Line.
No, currently only the TradingView platform is supported
Do you recommend that I sell all my Bitcoin at the market cycle high and buy back in the next cycle?
No, Bitcoin is the only true sound money asset. While it makes sense to scale out at cycle tops and scale in at cycle bottoms, it is recommended that you do so with only a portion of your holdings, keeping tax implications in mind. Never sell the majority of your Bitcoin unless you have a compelling personal reason to do so.
While the core components of the model are fixed to maintain its integrity, you can combine it with other technical indicators and strategies to suit your personal trading preferences.
To get started, you need a TradingView account. Once you have that, you can subscribe to the Bitcoin Destiny Line Model and start incorporating it into your analysis and trading strategy. Detailed setup instructions and usage guidelines are provided upon subscription.