First let me ask question about the dip which you wrote about: How do you measure the chart and trend in order to find dippest price?
Trying to catch dip before entering position is like hope to catch train exactly when it leaves. What if next price discovery gonna to fool everyone with fake breakouts for several years... I trade for living and i know how it feels to predict market with tools everyone knows about it. I also hope bitcoin and all other altcoins will find stable way to grow healthy no like 400% in single bar of daily chart.
if you were an actual trader for a living, then you should know by now to not use market tools everyone else uses. you should also know not to use market data to look for trends.
there are many other things involved outside market data that affect market price.
if your just looking at market data. you are just looking at the "conclusions" not the triggers. by the time you react to market data. the market has already done what it wanted. just looking at market data is just trending the sheep. then reacting to only market movements is just being a sheep, moving because another sheep moved.
its like when institutional investers shout out buy. its because they already have. and now they want the sheep in on the buy game so the institutions can get the sheep to pump so the institutions can sell. thats right when an institution shouts out buy. its because the institution is ready to sell.
finding the triggers and baselines
its like gold. your better suited to find out how much gold miners are mining gold at to learn the bottomline line cost of gold
EG if gold cost $900 to mine. prices would circling around the $900 area.
if it cost $1. prices would be circling the $1 area
because if its cheaper to mine gold to buy it. people will. if its cheaper to buy gold than mine it. people will
why waste diesel on excavators and sluice machines if you can get gold cheaper than mining costs.
why waste investors money buying gold if you can get gold cheaper using diesel on excavators and sluice machines
there is a equilibrium. people are always trying to find the cheapest way to get an asset.
so gold markets circle the mining cost.
bitcoin markets circle the mining cost.
yes there is speculative layer. but im not talking about how to find the next ATH or the next speculative bubble, im talking about the bottomline waterlevel not the waves and tsunamis and bubbles above the waterline.
look to mining costs to find the underlying water level
with all that said
the real foolish notions:
buy@FOMO (hype upward moments)
buy the tipdip (right after the speculative bubble high starts to dip)
best time to buy is at the correction(back near the baseline)
next bit of advice. split up your basket of funds into several baskets. never put your eggs into one basket.
if you have $10k. break it up into 5-10 orders.
make an order. buy. then sell and only sell for a couple %. dont HODL for months waiting for that 100% jump
take a couple % a day and repeat
if the price doesnt go up by 1% and just stagnates. then fine. you still have 4-9 other baskets of funds to take advantage of other opportunities while that one order sits dormant