Topic: Buy coins at 17k weeks ago could be the best time to buy - page 3. (Read 663 times)

Honestly I also don't really know why BNB went up so significantly lol. But I have always believed in BNB and have regularly invested in this token because BNB is backed by the exchange and its creators who seem to really care about crypto developments, so it seems very good to invest in this token.

I think he means it is going to $28K, not was. Did he say it was going there within a few days? Price was still at $23K at the time of your posting because it was consolidating at support. While the OP hasn't revealed a chart to back up their claims, then it's what a lot of people are seeing right now: no resistance until $28K to $30K levels if $25K is broken to the upside. This doesn't mean it'll get there in a straight line, probably continuing the higher highs and higher lows trajectory price has already followed so far from around $20K. The OP is just pointing out how many remain bearish while price action, short to mid-term, has turned bullish.

For example based on moving averages alone (which are very lagging indicators), price on the 4hr is fully bullish. On the daily chart it's mid-term bullish (above both short and mid-term MAs). On the weekly chart 200 WMA at $23K is being confirmed as support for the third consecutive week now, despite many expecting (wrongly) that price would get rejected there as it fell below for a few weeks. I'm not even saying that price will definitely get to $28K, simply that it seems more likely than further downside right now, as there is a big volume gap between $24K and $28K while $20K to $22K has become srtrong support.

Yes, the graph doesn't lie, but the OP didn't take into account how the ongoing events would affect the chart, he ignored it. that's why people always say: bitcoin is unpredictable, all the information people give is just conjecture and reference and not a statement like OP.
If just looking at the chart could identify them all, perhaps all of us here would have no losers. Hope OP will learn from this time, naive guy.

the Title says it best, the word "COULD" is the key here mate, yeah this could be the best buy but this could also be now?

Price may go down low in the coming months who says it will be ?

Buy coins when you felt it is low , and enough for you to Hold long  and sell when you think price is high enough and this is how the market moves and go .

Unfortunately, it was a hard lessons for the OP to learn, of course, charts don't lie, but if you plot it wrong then the result will be wrong. And we all know that it is not accurate, and nothing is. It will be a good to at least learn how to do TA but don't rely on it as there are times that it will change and not be valid anymore. And currently we are still stuck on the $23k-$24k range pattern, and obviously, no $28k in the horizon. Of course, we wouldn't want $28k? but for now we need to wait, specially the CPI announcement, just a question if it will be positive or negative effect on all markets.

Charts do notlie; people just do not understand the full meaning of the charts and that’s the problem. Normally charts show you what you can do with it, but they do not show you what you shouldn't be doing neither, it just shows you how you could end up with a good result in the long run if you just keep it up. I personally believe that charts are what the markets "should" do and not what it will do.

Just a great example would be a chart showing doge will go down and then Elon saying he loves doge and bought 10 million dollars more, price will go up right? Chart didn't lie there, chart showed you what it "should" do, but then something happened to change that.

It was going to 28k   But we're still at 23k, what's wrong OP? You said your charts don't lie but people do, so did you lie to us?

Reading charts is like looking for a pattern where there's none or where there's more than one and you have to choose the one that fits your narrative, that's all.
It's impossible to make an accurate prediction when bitcoin depends on so many things like war in Ukraine, US FED rate hikes, inflation in Europe...

if it's true that everyone thinks that $30k will be reached and Bitcoin will drop to $17k maybe the whales will change all that,
this once happened when people thought bitcoin would hit $100k, and look now, Bitcoin is down to $20k from ATH $66k

BNB and ETH have a huge rebound compared to BTC since the BTC was at $17k. I'd understand ETH cause it has the ETH PoS incoming, investors rush to buy more of it and drive up the price. I don't know about the BNB case. Why did it rebound back to $330? This is the same level as BTC @$30k, before the crash to $17k, mind you.

if Like me being lucky to buy when the price is drowning to 17k then yes that is totally a 40% profit and I may decide to sell for a while because this year seems to be more lowering to happen than increasing .
but like those who are afraid in buying when its low then this coming 27-28k is really that high to expect.

I agree with what you said that Bitcoin when it is at $17K is the best time coins.
The question now is, did you buy some?

I'm pretty sure only few bought Bitcoin when it is at that price range because they are covered with fear. Fear that it will go down furthermore and the ones who are feeling like this are the newbie ones. There are some investors on the other hand, are waiting for Bitcoin to reach the $10K price range but it didn't happen.

More bullish than ever? I disagree with that
Your chart says we are going to $27K-$28K? Can you please share it here because I will not agree with what you said if you don't have proof.
For me, just focus on dollar-cost averaging instead of waiting for a particular price. Waiting for a specific price will just leave you with regrets like what you said. Just do DCA and you're fine .

"YOUR CHART"? really? nostra damus?  lol any links towards that prediction? because if not then this is another misleading mate and please stop doing this.

Not because bitcoin increased  recently means we need to expect so much remember that this is still a Bullish year and considering that last year is a super bull year? then we are expecting dumping this year of 2022 .

I like the speculation section, among other things because we try to guess the unguessable, and because from time to time we have fellow forum members who open threads after an overdose of Doritos:


NO.


While you're at it, could you share the chart so we can see how rational your projections are.

The only thing I agree with you about everything you say is that some people thought when we got to $17k that the price was going to keep going down. It is clear that nobody knew if it could go lower but I and many others said that we were in a clear buy zone, as we still are.

I am pessimistic that BTC will drop to $10k because it will cause a big panic in the market and people will also sell their bitcoins instantly and maybe they will not return to crypto.
But bitcoin has more chances to hit $27k-$28k in the future and it's still wide open because it will be bullish again.
If you are still holding your bitcoin, you better keep holding it and continue to buy if the price drops drastically.
That is your opportunity that will not necessarily come again in the future.
After these bearish times, the market will be bullish and it is a good time to sell your bitcoins and withdraw your profits.

It's more bullish than last few days or weeks and not bullish than ever because when you say ever, it can mean; compared to the all past price of btc which is wrong because we have 69k before but now, all that we have is only 23k.

Some people are waiting for the price to dip, maybe because that is what their chart says. Not all of us can be the same and also not all of us are accurate so don't say that your chart is telling you the truth because it can still betray you. For some, they will choose to wait for a really good opportunity even if the chance is low than buying on a price which they think still high. And no, they don't have regrets.

The question is, who is smarter, you with Influencers here: Crypto Influencers, do you know that person, they have worked from year to year in predicting and providing information on crypto/bitcoin developments until now.

What percentage do you believe Bitcoin is currently the lowest point, what analysis can you describe here for us, so that we don't regret it and don't buy now, instead of waiting for Bitcoin to plunge to $10k, what are your foundations and guidelines for Bitcoin now and in the future.

Talking of course all can, giving us an understanding of the current and future Bitcoin charts, to overcome our regrets in the days to come, maybe a good idea.

In order to not regret it, the right strategy was to buy some bitcoin at 20K (because we did not know what could be the bottom), some at 19K, 18K, and 17K. If bitcoin would have gone at 15K or 12K, we would have bought at that price too. Why do we buy at all low prices because we do not know the bottom and this is called the dollar cost average.  If you set yourself a target like 10K and wait to go all in at that price, chances are that you may never reach that price and are left out regretting only.

As said many times before, there is no perfect time to buy.
Whenever you have money, buy it, don’t look for better price for buying as here we are talking about Bitcoins.
Bitcoins give many less opportunities to buy, if you greed for more then you will definitely miss the perfect time to buy the coin.
And if you also buy in comparatively large price, then no worries, as Bitcoins will give you 3 time the buying price in 2 years. So don’t panic while buying.

I hope your chart doesn't lie but you should also be prepared if the bears come again because I saw the red candle coming back. Even though the bullish signal from your chart says that the price will increase, we don't know when it will come so we need to prepare ourselves for whatever is coming after this. We are all waiting for the price to reach $27k-$28k and even higher than that but we have to be patient because it's not as easy as we think. Hopefully, the bulls really do happen this month or at least before the end of the year so we can get big profits again.

Charts doesn't lie? Actually I've read few articles said Bitcoin would go lower because of the charts analysis/pattern lol. I wonder which charts that actually predict Bitcoin will reach $27K-$28K? Of course with a backup of chart analysis and not only wrote your opinion alone.

I'm not the one who wait Bitcoin to fall as low as $10K, but when I see a dip, I'll keep accumulating and hold it until it's expensive enough.