BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
Its not a permanent level as the volatility is changing now as of this response, bitcoin now reaches 95k. I think the level it will change will be huge as it gonna move beyond this level up or down until we can finally stay on a very stable level. Alts are just following bitcoin movement but its terrible for alts sometime when bitcoin up their still staying and not increasing too. 
Topic: BTC falls below $92 in the last 24 hours - page 3. (Read 557 times)
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
That was a very sharp moment for accumulation because there will always be quick recovery from the market and whenever active traders sees something like this they wouldn't mind taking good entry point for sharp buy and ready for the rally up.I know there are trader who has been looking for such opportunity for quick buy but the market doesn't present such opportunities rather it has been on the rising side where people can't actually accumulate enough as they think of. But currently that market has taken a quick recovery around 94,865k heading to 95k I strongly believe that before today ends it would definitely closes with 96k.
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
It all depends on which order was opened by the trader. For those traders who have opened a short position, this is undoubtedly a good opportunity to make a profit. And if a trader had a long open, then most likely his position was liquidated by the exchange.
For those who trade on the spot market, this price reduction for all coins is a good opportunity to buy at a reduced price.
~
I mean if you bought wanting to short at 95k ish then that in the first place was wrong since we've been sideways for some time now. In general would call it an advantage though. Dumps like these are usually good buy ins either for shorts or just a general buy in. Naturally you still have to watch whether or not the market would still go down and react from there. And look, if you DID short, would've profitted alreadys since we're back to 94k.
It is a good advantage for people who want to buy more bitcoins at a cheaper price, the price is back up again to around $93,000, but i think we are more likely to see it go below $90,000 again, rather than pushing above $100,000 right now. This is the time for patience and accumulation, it is not time for panic or falling for FUD, this is not something we have not seen or experienced before.
it might even drop to $70k or lower.
This is a scary statement to read especially for new investors because this was not what was expected in this January considering there was a lot of hype around the inauguration ceremony of Donald Trump, and we are closing in on that already as well as the assumption of office of the new SEC Chairman.I know any drop in price is only for the now and will not continue. The market is likely trying to fill up and balance inefficiencies, it will be bullish again.
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
It is good and an advantage for the ones who are waiting for the dip. This is the chance that they're all waiting for. If they believe that there will be a lower price than $90k. Then, they should have caught some sats when it has reached there and got prepared of what's coming. If we're seeing news like BTC made another addition of $10k for its price within the last 24 hours then we should also expect some news like this as if they're typical and nothing surprising at all. 
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
Bitcoin fall below $90000 to $89300. The market has been bearish for now. It is difficult to know if to buy or not. But it is not difficult to DCA. Just buy some amount and not use all your money to buy so that if the price continues to fall, you can buy more. 
The 90k support was broken. It might just be tested again for several days or maybe weeks. I'm unsure of the market already but the hope I think more people are holding on is because Trump is going to sit in the office in a few days which I guess could rocket up the price once again.
There is a chance of getting higher than 108k. But it could retest once again that support in 90k. We could be waiting for more than months to see it shoot to 120k. I think the price will continue to ride sideways from 90k to 104k for a while.
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
That is the greatness of Bitcoin, it can provide opportunities for those who do it in the long term or short term to be able to make a profit, but still the long term is the most profitable because when there is a decline or correction they can take advantage of that moment to be able to collect more Bitcoin or for those who use the DCA strategy they can increase the purchases they make periodically to be able to generate greater profits for the long term.And what they do in short-term trading can also be profitable, only they must be able to really make their purchases at the right price to be able to generate short-term profits and must also continue to monitor market movements. But in my opinion the price of Bitcoin will not drop to $ 70,000 and will not exceed $ 80,000. So I think you should have plenty of time to really monitor market movements in the next few days so as not to miss the opportunity to make purchases at the lowest Bitcoin price point, because there is a possibility that at the beginning of next month the price of Bitcoin will tend to increase even though the decline is still happening but the increase is greater and there is a possibility that it will return to the price of 100k and so on.
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
Yes, it even dropped below $90k as you can see in https://www.tradingview.com/symbols/BTCUSD/
Is it a good advantage, as you ask? Of course, especially if you’re in it for the long term. But if you’re into short-term trading, don’t rush, wait for the price to dip further. If this is the correction others have been waiting for, it might even drop to $70k or lower.
Just keep observing the market. If you see a good opportunity to accumulate, then go for it. Always trust yourself. Even the experts in technical analysis can’t guarantee their predictions will come true.
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
Yes, it even dropped below $90k as you can see in https://www.tradingview.com/symbols/BTCUSD/
Is it a good advantage, as you ask? Of course, especially if you’re in it for the long term. But if you’re into short-term trading, don’t rush, wait for the price to dip further. If this is the correction others have been waiting for, it might even drop to $70k or lower.
Just keep observing the market. If you see a good opportunity to accumulate, then go for it. Always trust yourself. Even the experts in technical analysis can’t guarantee their predictions will come true.
BTC falls below $92 with altcoins on a downtrend in the last 24 hours, is it a good advantage for traders?
Jump to: