Topic: Buy coins at 17k weeks ago could be the best time to buy (Read 652 times)

And just like that, the price goes down again, not sure if we touch $19k already, but it seems that we are going to break $20k barrier anytime soon, (hopefully it wont). Again, we look for this month as very bullish for us, and actually it did, went as high as $25k but now we are again in a precarious moment, that at any time, we will go below $20k again.

But let's just look at the positive side of another dip = another opportunity to buy bitcoin at a cheap price and no need to wait for $17k or even lower.

If it's hard to decide, then maybe it's better to just buy in the dip or if the price is trading in a sideway patterns. No need to wait for the price to dip or go lower than the previous lows of $17,500 at it might not happen again so obviously others might be waiting for nothing. So I guess it's not that hard to decide, specially if you have the funds step aside for your bitcoin investment, then you can do monthly or weekly buys. And as we look at the price movement, most likely we will be in the sideways pattern, maybe at least up to next week. So just take a breathe and opportunity and it might not be offered to us again.

and for us not to feel sorry in the coming days best to buy whenever we felt like ready to risk our funds.
it is hard to speculate nowadays because we can see how the volatility of cryptocurrency is showing now and what we are having these days are just a proof that bitcoin can increase or even decrease at any moment.
buy at your own risk that is still what stands us all.

If you buy when the price is $23k then you sell when the price drops below $20k then you will lose. In trading, we should not panic when the price drops. The main goal of a person trading is to make a profit, not a loss. Well, if the price hasn't gone up and we haven't made a profit, then don't sell it better hold even in the long term.

I think recent action shows why regular buying is often best rather then guessing an exact price point to call the bottom.   The process of being involved rather then pin it down absolutely and claim I bought the lowest price, I sold the highest price you wont get this dream scenario its a mirage.   Just be involved in positive action and take profits on really bubbly price action, you probably have years to do both actions not just once or one price.


   If we keep on testing this support continually and market declines you all might get a second chance on buying the lower prices anyway and it'll be hard to decide at that point same as it was last time.

this is what I also believe that it is correction because simply as the price experience increase few days ago with 2 digit pump so it is reasonable for the price to lower as I know it will always has to dump before pump and dump after pump.
but it is sad that only few of us has the guts and belief who bought in 17k dumping .

Imagine having a $5000 increment since buying at $17k, that was an absolute huge amount to see. It was not really a big regret but a good move. Perhaps, the idea of buying low and selling high is really an effective strategy that is mostly used until now. If we are waiting for the bottom (which we never know yet), maybe, we wait for another 4-5 years after the bull season. Though we are still in the bear season, however, looking and waiting for the price to mark down is quite impossible this time.

and most of the people I knew that seeks for Bottoming losses the chance of investing in better profit because they are too afraid in buying when the thing is none of us really knows where or when the bottom completely happened.
so better always to buy when you have spare money no matter how the amount of bitcoin is.
i already sold mine recently . when the price reached 25k? i manage to sell all my newly bought bitcoin and take my 14% profit and now i am waiting for the below 20k price again and so I will that amount to buy more.

I also read his tweet, does he have a crystal ball or he is the one who wants to buy cheap and this correction is caused by him? The market was really surprised when the market corrected immediately after his tweet, perhaps it just happened to be a coincidence. We are not really out of the bear market yet so keep an eye out for such rallies. Don't expect too much if you don't want to be disappointed.

Buying  Bitcoin when the price was at $17000 was a good move, we are still in bear market I don't think if the market will fall to 17$, as for those who bought Bitcoin at that price and hodl it for sometime it will be a good opportunity to investors. This time around the fall in the market may not reach below $20.

CZ said it today, that there are parties who want to buy bitcoins at low prices, of course this makes many people ask, who is it? tesla? or even him?
haha, very interesting, and indeed today bitcoin experienced a dump, but I'm trying to calm down because I believe this is just a correction

The price range around 20k-22k would be the norm for the rest of this month. I don't think any talk about BTC dropping down below 20k or back to the 17k months ago is possible. 20k will be the resistance wall for BTC. Unless FED or something unpredictable comes out, I think this sharp drop is just a temporary shock from the recent rate hike speculation. Stay steady and HODL.

What I was looking at is that Bitcoin will cross 30k again ,this is the highest we can get in this season and you know? even if the price cross that 27-28k will not assure us any good because it may change any time.
but if there is at least 30k to be broken ? then that will change the course and this will be the next to expect here.
waiting for 20k again? but bitcoin did 17k recently ? at least week ago? why not buy that range and maybe they will be in good positioning today already.

this has been proven all these years that if you will be stupid to find the actual bottom then expect a totality of loses as well.

we must be vigilant in which area to invest and when t o buy and sell.

but that is what the reality of most people here right?

they tend to be greedy seeking for big profit while what they are getting is the opposite of that.
I keep looking for right timing , But I know when to trust and when to buy .

actually it is trading at 22k this time and there are so much bear to expect .

Maybe there are another correction to come? as this was happens mostly after an great increase?

this may come in future but not in this moment , maybe in the next few weeks we will stay this low again.

This is what I'm doing now because I believe that bottom is already reached and that is 17k .

But I think traders' minds and analyses are different from normal investors. I'd say that traders are more knowledgeable about the market and have a good analytic performance. And they don't just jump into assumptions that were clearly impossible just like seeing $10k. As an investor, we need to know how to read the market chart and enhance our market analysis.
And that going to happen someone is waiting for Bitcoin to reach back $10k, it is actually a dumb thing he does.

It's true that charts can't lie but it's the trader's perspective that allows them to draw different conclusions from you so that the steps taken by each trader are different, maybe traders who expect the price to go to $10k are in a position to buy while you are in a position to sell, so expect the market will move according to what is being desired, However, the current price is still relatively cheap and worth buying

And those who want to buy Bitcoin at a price of $ 20,000 still have to wait because now the price of Bitcoin is still at a price of $ 22,000 +. Although the decline is still very possible to continue and continue this month. And if the sellers are still waiting for the Bitcoin price increase in the market and hold it at the moment, then after the lowest decline there will definitely be a bigger increase than before if the Bitcoin buyers at low prices can multiply this month.

When the buyer is thinking that the market will go down, he will buy, on the other the seller is waiting for the market to go up and will hold it. So don't should expect too much. Especially the market is much lower than before. Buying $17k may not be possible at the moment. I think the market may be at $20000 as the maximum dip for this period.

Still though, even at the current price, it is considered very low so the opportunity is still there. For now, I most likely believed that we have reach the bottom price.

So it's not good to wait for the price to go down on a spin. Plenty of time to stack up and accumulate above $20,000. If it goes down, then buy even more. So it is still a win-win situation for us.

Indeed, those who were waiting for the final bottom to buy dip have really missed the opportunity to buy bitcoin at a low price. We don't know where the final bottom will be until it's crossed and $17k is considered the final low this time. Bitcoin's most recent ATH was $70k, so when the price drops to $20 it's a reasonable discount to start buying, if the price continues to fall we will continue to buy instead of waiting. Both wasted time and missed the opportunity to buy bitcoin cheaply.

As far as I'm concern in the general market overall that has still an effect to the crypto space itself, a further downside is expected. I wouldn't be surprised if $20k is still a thing if the price wouldn't hold in this level. What if this is a double bottom? What do y'all think?

Yeah, that seems to be the movement for now, we have a pullback to $23k'ish again after as high as $25k jump although that run didn't sustain. So still though, another good time to buy at this price. So if we can get $2k lower, then probably the next break out run could be $25k+$2k up.

So let's see, short term, maybe up until next month, we will be bullish and then from the last month of this year, we will see if we can have this momentum till December.

When Bitcoin was below $20k for a long time a few months ago, we were just waiting for the Bitcoin price to drop lower. But in the end we regretted
missing the opportunity to buy Bitcoin when the price was below $20k. Now the Bitcoin price is quite stable above $23k and looks like it's trying to go
higher in the near future. So we should not repeat the same mistake, we must immediately buy Bitcoin at the current price, before the price rises even
higher. It is true that there is a risk of Bitcoin going back down, that's why we don't buy Bitcoin with all the capital we have, just in case if the price of
Bitcoin goes down again, we can still buy Bitcoin again.

You might get another chance at this rate, we pull back to the 30 day average.  Seems we have stalled in recent nice uptrend and have to find support nearby or like retrace further the wider action since the June bottom price.   I did think we were alot more positive but that has to be proven not assumed to be correct.  
  Till we beat the recent high and hold it as a low presume neutral at best as the ongoing status for BTC progress.   We move about 2k lower if not holding here I think is a fair downside target.

After a few months ago bitcoin experienced a very deep price decline, now bitcoin is able to rise and the price is currently in the $24k–$23k area. Therefore I am optimistic that if the current price increase continues then the closest area of $27k– $28k will be reached in the near future. Well, while the price of bitcoin is still low, we can take advantage of the current momentum to buy so that we don't lose the opportunity to make profits when the price of bitcoin rises significantly later.

Absolutely and perhaps, we are not even sure that Bitcoin will reach back down to $10k and it was a waste of time waiting for it. Waiting for the bottom price is like we are hoping for nothing. Because in the first place, why do we have to wait for that even buying at the current price today will still give us a profit once the market turns bearish again. I might be wrong but this kind of mindset (waiting for the dip) is not the most recommended and we ended up missing the chance while wasting time.

your chart? which chart was that? meaning you are a analyst ? you can predict the price of Bitcoin? it cannot even stay strong at 25k but you are predicting 27-28k ?

and 10k for others? i believe that what most expected is that the price will drop to 13k and not that 13k.

it can go sideways , so what we expect is mostly what is not coming so better be ready to different outcome.

The graph really provides reliable data and predictions, unfortunately when it happens bearish then we always think of waiting for prices to continue to fall, the lowest price I have bought is $ 21k, if the price drops again to $ 22k then I will buy again, I always optimistic that in 2022 the price will return to $ 40k

For your well-being, always look away from the chart because in most cases and reality the chart never determines the direction the price will go, if you followed the chart closely from last week you will discover that the current price is below the chart's indication and review. So if you are so lucky to have bought Bitcoin at the 17k level then by now you should already be in profits and ready to take in the gains unless you are in for the long-term holding.

yes, hopefully $28k can be reached and hopefully can breakout from $30k, and if the breakout is bearish, it's over.
But now it's still above $23k, of course it's still safe, if it's below $20k, my advice is to sell it and go higher below $20k again.

Indeed, lately bitcoin price movements have started to move in a better direction than before. I am optimistic that the next price target in the $27k-$28k range will be achieved in the near future, especially now that bitcoin prices are trading in the $24k-$25k range.

it could be, because the price of Bitcoin has plunged to $17.7k and now it has increased by more than 30%,
and maybe it will continue, what we can do if we buy it at a low price, of course Hold until the maximum target!,
and don't forget put a stop lose to reduce losses, don't be greedy!

BNB is an alternative to investing in BTC and ETH and I see the potential for BNB to continue to grow still wide open and yes, with the support of the exchange, BNB can maintain its position in the market.
In addition, we can also stake BNB on Binance so that it can provide more amount of BNB while we wait for the price to increase again.
But BTC is still the main investment for many who would love to buy more bitcoins at low prices.
So if you see the price drop sharply, don't forget to buy it and keep it for a while.

It all comes from greed, always wanting to buy the lowest and sell the highest, but clearly no one can distinguish which is the last bottom and which is the highest peak. This not only wastes our time, but also causes us to miss a lot of cheap buying opportunities.

Many people wait for the price to drop to want to buy, but when the price rises again, they buy it immediately because they are afraid that the market will rise again. they bought at a higher price while they could get a better price if they used DCA instead of waiting.

I agree with you, because buy coins when the price is low like the way it is right now will really help someone to have a great hope in the future. Now that we are still in the bearish season, many people are still buying coins in the market because they feel it's the best time for them to prepare ahead for a bright future, which is the best time for everyone to use this opportunity to buy coins and hold for the price to increase higher before he or she can sell to make a passive incomes from the market. I think, many investors will get it right this time to buy coins whenever the price is low in the market and hold for the price to change positive.

For me BNB is another option besides Bitcoin because BNB can also still fall when Bitcoin is not moving upwards, although the support from the creators and the BNB exchange itself is always much greater. But I always put it on the second choice when I want to buy for investment and also trading.
BNB is good, but to me Bitcoin has always been much better.

You're right. Charts don't lie, but only in terms of what happened in the past, not on what will happen in the future. That is why there are all kinds of opposing and contrasting chart analyses. It is because chart analysts don't share the same way of looking at different possibilities suggested by charts.

Technical analyses coming from the same chart are different from one another. Some are bullish, some are bearish. Some predict a rise, some predict a fall. Some called for the bottom, some expected more correction.

Trying to find the absolute bottom is always a bad idea, many traders are always looking for it but that is completely unnecessary, the markets do not require such a high precision to make profits, to me this has to do with the greed of the traders themselves, as they want to maximize their profits as much as they can, and while understandable at the same time this leads them to wait too much before entering the market causing them to miss many chances to buy bitcoin for a good price, and sometimes this even causes them to miss full bull runs.

While you can't be sure if the price will dip again to $17K for you to be able to start at the bottom. I guess waiting for the price to bottom at 4hour chart later will do.

One option I'm also looking forward to happen is that it will be overbought soon at DAILY chart which you COULD get a timely chance when it dips. $22K buy price will still be great.

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.

Bro you can't compare today's chart with tomorrow's because they might go against your expectation, I understand that charts have all the answers but its all time framing, daily, weekly and monthly so the unexpected can always happen.

I don't really agree here with your statements that charts don't lie. If you follow crypto analysts or just financial analysts in general at social media then you will have everyday a new trend analysis in your feed which tells you that, "a breakup will happen in the next days" or "if the resistance at xx $ holds then it will only go up from that point on" or other statements. Sometimes those predictions become true but i would say that in most of the cases they turn out to be incorrect.
The problem with chart analysis is, that it has the requirement that in the future things are developing the same way like in the past and that is just not true in the real world in many cases.

Some people may feel panic and sell their bitcoin at the bottom while it was starting to grow again. I can't even think how those people will be buying back bitcoin at this price since they have been selling their bitcoin at the bottom. A few weeks ago once someone bought bitcoin at the bottom price and he already earned very good profit from his investment for now. It seems like that bitcoin will always grow up started from there.

We all wanted 100k per Bitcoin and it never happened, right now everyone want 10k per Bitcoin, and the chance of happening is very slim, instead of waiting and waiting it's better to buy using DCA, you will never miss out using this strategy.

Bitcoin is now indeed up about 4% compared to one week ago, hopefully your prediction is correct that Bitcoin can reach $ 28k in the near future.
If that happens, it will provoke FOMO and make the Bitcoin price go up again. I myself still doubt Bitcoin can reach the price of $ 28k in the near
future, because it's been a few weeks Bitcoin is always difficult to be able to rise above $ 25k.

Although Bitcoin is indeed difficult to rise, but I'm pretty sure Bitcoin will not go down to the price of $ 10k. So if anyone manages to buy Bitcoin
when it's under $20k, I think that person is lucky, because it seems difficult to expect Bitcoin to fall below $20k again, if we look at the current
Bitcoin price that seems to be rising slowly. So for those who haven't bought Bitcoin, they shouldn't expect Bitcoin to hit $10k. It's better to buy
Bitcoin now, don't let us regret it when it's true that the price of Bitcoin will continue to rise, and make us lose the opportunity to buy Bitcoin
at low prices.

Yup, I also bought BNB 2 weeks ago and the value has now increased significantly. That's the reason why I buy in a bear market, because when the market is bullish we will get a profit of 1 times or even more.

Wrong board, but anw if you don't want to risk anything by trying to min-max your profits to the absolute, just DCA imo. Especially when the market is down, if you haven't started DCA'ing then those spots are usually the best to start with since the risk would be a lot lower compared to starting DCA when the market was at its peak.

I honestly think we're just recovering from that huge dip but we probably aren't going anytime sooner to above $30k. Wouldn't surprise me if we went back to $20k by the end of the year, but imo we'd probably continue seeing this steady, maybe slow climb.

I thought that if we have missed another best opportunity to buy token and coin from the market. It seems like bitcoin is showing a good signal. i saw that if this positive impact was also coming from the stock market. So many stocks are also getting green pattern as for now crypto was following it.
Bitcoin needs to close above 23 to make 25k looks possible to happen. I hope that i can buy more bitcoin now but i have bought so many tokens until i have no money left. lol

As others have stated it would be nice if we could see the reasoning behind your analysis, it is not that you could not be right but you say this as if there was no room for argument and no possibility for you to make a mistake, something that any trader and investor which has a lot of experience will never believe, just as the price could go up it could go down, now maybe the chances it will go up are higher than the chances that it will go down, but there is no way you can predict this with a 100% accuracy.

That's what I wanted to think though, that we have hit the bottom already, but it is? We still have more than a year of bear market, (assuming the 4 year cycle is still holding true), so there's a lot of things that can can happen between now and prior to the bitcoin halving.

So we will have to see if we have hit the floor or not. And in order to take advantage of the bear market, we should by in dips or as someone has advise, do dollar cost averaging.

17k may be the lowest price of Bitcoin during this bearish era, so far. But, we don't know if there will be another dropped market price again or not before the next bullish era. This recent situation still cannot guarantee whether this time has been rising up into bullish era or not yet. This is still in the Q3 of this year.

I do agree with @jossiel
That is why we need DCA, we can utilize every drop market to buy and add more amount of BTC to our portfolio.
But here, if there are many people who still expect for more dropped BTC price under 17k is also not a fault. In fact, if that is really dropped again, just be calm and do DCA again, so if we can really meet or not meet the lowest one, at least, we have some nearby to prepare for the next bullish era.

If it can clove above 24 and it will be very bullish for bitcoin or at least the chance to recover is slowly happening. People can't predict the chart accurately and what they can do to speculate based on what they know but mostly were making wrong prediction. that's why you shall not need to trust people about that. Their TA didn't have good accuracy. The market itself can answer about this. People can think about believing in theirselves rather than try to believe in others.

It should be on the Speculation board since OP was trying to predict Bitcoin price using his own chart.  Similar to this thread, But OP here predicting in a bullish way and not in a bearish one.  If you are an investor waiting when the bear market comes like buying Bitcoin at the cheapest price in the lowest value of $10k, it seems that's unlikely to happen.  We didn't know it will happen since the price is unpredictable.

I suggest you buy Bitcoin in a DCA way so that you can minimize your losses/profit once there is.  Because there's no accurate prediction on Bitcoin price and those claiming who are good at predicting the market, are a true liars.

First move this to BTC Discussion like Beparanf said.

Not all people believes in signals so I would not just trust all the signals blindly just because it says what it is in the charts. Just take the risk of buying it in its lowest and forget about it in about a month or two. That's what I usually do, unless you're day trading which is a matter of different discussion.

Well that was BTC lowest low and maybe we have hit it already?

Nevertheless, I have said previously, $25-$28k should be the target first, whether this month or the next and say that we see at least a good run in the last quarter of the year.

There could be argument that no one knows what the lows will be, that's why it's better to do some DCA when buying BTC and then just HODL on it.

Did you buy bitcoin for 17k?, or just when you see a short-term bull run you come here and say everyone is lying to you. It doesn't matter what the price of bitcoin is, it only matters at what price you buy it and how much you can profit from it. Everyone has a different prediction and vision, it's good to see you do your own research, but don't blame others' predictions.

It takes a lot of risk to buy during the falling market, since we can’t know if its really the bottom or the price can still go that’s why we can’t blame anyone who are not able to on a bear market since we all have different risk tolerance.

Lucky to those who are brave enough to buy at that price which right now already have a good profit. Buying at a cheaper price is the basic rules in trading, and take profit when necessary. If you are able to buy at the price of $17k, its good to take profit now or you can take another risk and wait for the market to reach its peak for this trend.

Everyone is just speculating and no one is making any claims. You shouldn't treat the chart as a crystal ball that can tell you everything that is going to happen in the future in exactly the way you want, but rather as one of the references you can use to predict which direction the market will go in.
There has been an ongoing rally in the market, however, I am still waiting for a new low for this bear season.

Well even though the thread is on the wrong board since the discussion border more on Bitcoin and this is an altcoin board, now if I may contribute my quota to this discussion then I must say sometimes the chart may go swing if the market forces change suddenly, I don't believe in market speculation most especially for Bitcoin that has an unstable market movement trusting chart of traders prediction is risky.


You may have been lucky to have filled your bag at 17k as mentioned but not everyone will be that lucky as you are already at gain since the price touched 24k today.

This is a normal scenario the moment you are able to buy during the bear market, you can have a good profit when the bull market started and this is a reminder to us that we should not panic during bear market instead start to analyze and know when to buy. I was able to buy some altcoins as well during the panic moment in the market, I’m just waiting for them to follow the trend of Bitcoin now and rise as well.

I hope so. It seems like that bitcoin was showing a good movement. The economic seems to be better and better. I hope that if we have reached the bottom and bitcoin will be going up even higher. There are only less than 1,9 millions bitcoin to be mined. I hope this will give a good impact to the bitcoin. Market is starting to be bullish again for now.

Thats actually depends. Sometime we thought that the market is good but when chart shows a different trend, then we might end up losing on our position when a lot of traders positioned on the reversed one. I remember before, that the market is so bullish and suddenly drop then boom got liquidated on the process.

It's likely that was the bottom and we have hit it already.

Can't blame those who have thought that there will be a little under $17k and that's why they've waited for it to see it that low. But, we've seen that bitcoin's recovering.

It is why DCA is still the best strategy.

This is about Bitcoin and not altcoin so you should move this on Bitcoin discussion board. Also provide the reference chart you are using for your conclusion about Bitcoin price movement for discussion purposes on your claim. Thread like this always popping out when Bitcoin make a short term rally and then fades away once sudden correction occur that erased the gain with just  a day.

Atleast show the magic chart that you are mentioning that didn’t lie. Use imgur.com to upload image and share the link here so that we can view it.

Today BTC moves are more bullish than ever, my chart says we going to 27-28k and many people are waiting for 10k BTC, I think charts don't lie like people do, if a bearish signal is coming your chart will tell you but sitting on your hands and hoping for a satisfying buy price can leave you with many regrets.