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Topic: Bitcoin is in Step Cycle | Good opportunity for buying more! - page 2. (Read 229 times)

hero member
Activity: 2282
Merit: 659
Looking for gigs
It all looks good until a trend reversal starts  Cheesy We could be in for another week of dips
I would look at the previous resistance level and then set up a stop loss below it just in case things go South

Just a tip on how to post images OP. you can reduce the size of the image by adding the width or height length like this

Code:
[img height=400]https://i.ibb.co/M1qr0jd/F57-A2-FFB-AD91-4-A9-A-A159-C6-C86952-A034.jpg[/img]
Reduces it to this


Posting very huge images makes the post less interesting to read.

If these dips would continue this week or in a few weeks, that would mean a great buying opportunity for me and the rest who wished to buy at cheaper prices back then. As we’re experiencing a trend reversal, buyers would be very happy to acquire them at very low prices. Think of it as a discount sale for Bitcoin and other cryptocurrencies. If I had converted my USDT to BTC last December and hold it until it reached an all-time high of $58k, I could be very happy. But now this is another opportunity to buy the dip.
copper member
Activity: 2170
Merit: 1827
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It all looks good until a trend reversal starts  Cheesy We could be in for another week of dips
I would look at the previous resistance level and then set up a stop loss below it just in case things go South

Just a tip on how to post images OP. you can reduce the size of the image by adding the width or height length like this

Code:
[img height=400]https://i.ibb.co/M1qr0jd/F57-A2-FFB-AD91-4-A9-A-A159-C6-C86952-A034.jpg[/img]
Reduces it to this


Posting very huge images makes the post less interesting to read.
hero member
Activity: 2352
Merit: 905
Metawin.com - Truly the best casino ever
Halving happened in 2016, yeah? And price started to rise and surpassed once upon a time all-high $1000 but that was nothing compared to what happened after one year. In December 2017, price went up to 20K, so if we consider what happened in the last halving and also see the chart (I mean the history of bitcoin's price), then I agree with you, this can be a good opportunity to buy more but price is really so high, I don't really think that it will rise so enormously but when it comes to bitcoin, you have to imagine unimaginable and believe in unbelievable, so, idk. I would stay away from suggesting someone to buy bitcoin right now because a lot of people lost homes when they bought in 2017 but personally, I would still risk and hold only the amount that I ain't going to use/touch.
member
Activity: 868
Merit: 63
I can see the patterns but I don't think that it is showing the big picture, this might not be the golden opportunity because the dip might be at its premature stages, I would suggest to wait for awhile because I believe that bitcoin won't be going up for a while now because I think that it is still trying to pull itself back more so it can launch itself higher than ever.
hero member
Activity: 2114
Merit: 603
I am not sure how many of you do your trade analysis and then decide to buy. Recently I have started to look for some indicators which can give me an idea whether to jump in or not.

Well, I have always bought bitcoin whether it is at ATH or whether it’s devaluated.

Technical analysis gives more clear indication whether to invest and if yes then at what extent!!

Just check three days average down below and you can step cycle has started for the bitcoin era. With each step bitcoin will gain another level of ATH price. Current ladder is perfect to enter into market and make your mega move.

Note: The graph is in BTC/INR price. However, ratio remains the same. Smiley

Image size reduced
Thanks @logfiles



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