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Topic: Buying the dips: do you have a specific criteria? - page 2. (Read 624 times)

full member
Activity: 1750
Merit: 118
Of course, There has to be some kind of criteria. But this largely depends. It differs per person. Some just buys anything that is - % down in a specific time period. However, everyone always want to buy low and sell high ( that's the goal anyway). But it doesn't have to be a clear cut. You  don't have to wait till a token is at a specific price before you buy. You would be leaving more money on the table this way. In my experience, Its best to decide what determines your trading moves.

yes that was me , i do only have 1 criteria when buying and that is if when the coin drops at x amount . im not really an expert at trading so that could be the reason while others that are experts do have a diferent critieria because they are perfectionist or ambitious about what they are doing .

the goal is to buy low and sell high but everyone does not buy easily  but we do all have our different criterias for judging the dip .
legendary
Activity: 2898
Merit: 1823
Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?

I know its not an exact science but I've heard a few different preferences on this such as:

- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut


I go with experience, but I also used to have very low bids always ready before COVID-19, and added more every month after receiving my pay-check.
legendary
Activity: 2576
Merit: 1043
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I personally don't buy Bitcoin that much especially now that the movement of it is sideways and we don't know where it will go.

I don't know if the price movement of this will go up or down. My criteria or I should say tools that I'm using as an indicator whether I will buy or not is when it reaches the 200 Daily MA as a support and breaking a long trendline as the resistance. If either of this will happen, for sure I will accumulate more. Buying the dip is almost impossible because you don't know when it will go up or go down. The best thing to do is to just buy if the criterias are already met.
legendary
Activity: 3094
Merit: 1127
Why do we overthink things or complicate simple things. Buying the dip isn't that hard to do and totally depends on personal experiences in my opinion. What I consider to be a dip might not be the same as yours. Currently the price of bitcoin is trading around the $9k and above range so assuming I was to buy the dip then anything below the $9k would be a perfect bargain considering I would be holding my investment for quite a long period of time.

Although the most effective way to buy the dip is to buy in batches if you're not convinced of the market retracing from your buy price range.

Average down would be good but depends if you are holding for long term or would go for shorter trades.This one might be basic for some but actually a hard part for most people since they do always look for the best timing
or situation for them to get in.Its true that we do set out own criterias on when we do buy and as said it wont really be similar to each person since we do have our own decisions and analysis on each price movement and
this what differs on each individual. Experience would matter on molding up these kind of decisions- from a very complicated analysis to a simple guess just because your guts do tell you. Lol!
hero member
Activity: 2212
Merit: 805
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Of course, There has to be some kind of criteria. But this largely depends. It differs per person. Some just buys anything that is - % down in a specific time period. However, everyone always want to buy low and sell high ( that's the goal anyway). But it doesn't have to be a clear cut. You  don't have to wait till a token is at a specific price before you buy. You would be leaving more money on the table this way. In my experience, Its best to decide what determines your trading moves.
legendary
Activity: 2408
Merit: 4282
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Why do we overthink things or complicate simple things. Buying the dip isn't that hard to do and totally depends on personal experiences in my opinion. What I consider to be a dip might not be the same as yours. Currently the price of bitcoin is trading around the $9k and above range so assuming I was to buy the dip then anything below the $9k would be a perfect bargain considering I would be holding my investment for quite a long period of time.

Although the most effective way to buy the dip is to buy in batches if you're not convinced of the market retracing from your buy price range.
hero member
Activity: 2184
Merit: 531
What I like to focus on is the news and the situation on the market. If the dip is caused by something irrational like the fear of a virus that has a very low mortality rate I know it's time to buy not sell.

The other thing I like to look at is the time. Say I want to buy Bitcoin and it's in a bear market. If the bear market has continued for more than 6 months already and the price is at a 6 month low it usually is a good time to buy.
legendary
Activity: 3654
Merit: 1165
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I kind of do but it is not a strict one that should be used every single time that happens. I have a criteria where if bitcoin drops over 30% that means it is a dump and the price hits lower than it should and I try to buy as much as I can. This doesn't mean that you should buy it as soon as it reaches 30% drop because it could go lower, or this doesn't mean that you should stay away if it dropped 29% but failed to reach that 30%.

This just means that if it reaches 30% and more I will buy but if it stops at 20%-25% levels and doesn't go down anymore and stays there for a day or two I will probably buy there as well and if it drops 30% but looks like it is still dropping I will wait for it to stay for at least 18 hours at that price before I buy. Calculate the volatility of bitcoin movements into your purchase before you do anything.
sr. member
Activity: 1484
Merit: 253
Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?

I know its not an exact science but I've heard a few different preferences on this such as:

- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut

I am for the dump,i mean at least more than 10% of fall?i will surely add some on my folio.

I have been holding my coins so adding is just an option,but in time like what last march 12 happen?i would particularly wait for the deepest before buying again.

I respected your decision, but what I've seen here for now is the smartest decisions that we could make. Don't wait for another dumped price to occur because it's already happening right now. On my own perspective, the market stabilize very well so let's grab the very best timing before another bullrun price will commence.
hero member
Activity: 2128
Merit: 520
I have certain levels if the price falls below a certain level or breaches the certain tolerance and considering the market situation I do buy the coins.

If you do monitor the market trends and you understand the coin that you are going to invest your money. Chance to get decent profits is very possible.

Though not everything will go right because there are times when you think you bought at higher levels but overall when you look at it this will help you make profits
Timing is very important, it's a matter of how good you are in anticipating what will be the next market movement for you to place both entry and exit position.

and also exiting is equally important when invested for short term.

You are right, exiting accompanied of gains that you acquire from the dip that you bought and the high that you sell.
hero member
Activity: 2716
Merit: 552
~snip~

I am for the dump,i mean at least more than 10% of fall?i will surely add some on my folio.

I have been holding my coins so adding is just an option,but in time like what last march 12 happen?i would particularly wait for the deepest before buying again.

March 13 was the deepest with $4,100 since the bearish run in 2018, how much the lowest would you consider? There is no indicator for the lowest dip. IMO, If you'd have to put a certain margin of specific percentage for a good entry point then grab it, than wait for the deepest that still uncertain.
There are actually a lot of things to consider when buying the wisest range for Bitcoin. Market sentiments, fundamental news, and technical analysis. If you can effectively use this tools all together, you'll be able to have a higher chance to have a good entry point and selling point.
sr. member
Activity: 2618
Merit: 439
Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?

I know its not an exact science but I've heard a few different preferences on this such as:

- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut

I am for the dump,i mean at least more than 10% of fall?i will surely add some on my folio.

I have been holding my coins so adding is just an option,but in time like what last march 12 happen?i would particularly wait for the deepest before buying again.
hero member
Activity: 1778
Merit: 520
Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?

I know its not an exact science but I've heard a few different preferences on this such as:

- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut
I mostly follow my guts and sometimes I follow a few of the experts that I follow on twitter. Like the time when there is a flash crash in the market when bitcoin price falls more than 20% then you always know it is the right time to buy bitcoins, at that time I buy bitcoins as at this time I am sure of getting a profit on my investment because bitcoin will surely go up in the future. Also when the price isn't moving up for a long time I usually sell a large part of my holdings as there are high chances of a market crash.
full member
Activity: 868
Merit: 151
I have certain levels if the price falls below a certain level or breaches the certain tolerance and considering the market situation I do buy the coins. Though not everything will go right because there are times when you think you bought at higher levels but overall when you look at it this will help you make profits and also exiting is equally important when invested for short term.
legendary
Activity: 1806
Merit: 1521
Apologies if this comes up a lot (as I'm sure it does) but when / how often do you feel is best to buy the dip?

I know its not an exact science but I've heard a few different preferences on this such as:

- When the price decreases x% on the weekly/monthly candle
- When the price moves below the weekly/monthly negative average
- Only a couple of times a year after a major correction
- Just look at the chart and go on your experience / gut

After a major correction (weekly or monthly time frame) and a subsequent accumulation bottom. Examples would be September 2015 and March/April 2019.

Dips below the 200-week MA are also historically excellent knife catching opportunities. Catching the knife does carry a lot of risk though.

The current mid-term structure is not as clear as the examples mentioned above. Strong upside momentum is present but there is no accumulation bottom, and we are still officially stuck in a longer term bear market since June 2019. That's why I'm fairly neutral about the mid-term outlook. I'm not sure which way this range is going to break.
hero member
Activity: 2926
Merit: 722
DGbet.fun - Crypto Sportsbook
Criteria huh?  Grin

It's difficult to have the better answer.
Mostly, I end up losing more when I am trusting my instincts.
Next, it will be panic in thinking I may lose more if I don't sell it at the time another dip comes. (after the buy)

I guess it doesn't really have a better explanation for it.
Just buy the dip and trust it will come back up at a time. Mostly unexpected.


Actions would really vary depending into our own skills and knowledge but we cant really avoid the fact that emotions will also be a factor
that will surely affect on making up these decisions.

Yes, its really difficult in talks of precise answer on telling on what would be a specific criteria when buying out dips because not
all will really be having the same mindset in situations like this.

Some do make price actions and some do goes for reversal basing up on technicals.
sr. member
Activity: 2170
Merit: 254
There is a general saying in the stock market that "time in the market beats market timing" however it is difficult to really apply this to BTC.
I just set in several buyorders (at 8000$ - 7000$ - 6000$) and also sell orders. Everybody has him own strategy, but this one is working for me (so far).
legendary
Activity: 1946
Merit: 1100
Leading Crypto Sports Betting & Casino Platform
Its hard to know which price is a dip of bitcoin. But I believe that buying bitcoin below $6000 is always a good choice. Bitcoin currently can not go below $3000 anymore and many whales are trying to collect as many bitcoins as they can. There are no specific criteria or secret recipe here.

However, if you are a short term trader, buying bitcoin whenever it drops $500-1000$ is a good idea. Try to play with leverage to maximize your profit. But dont use it if you dont have experience in trading or money management
STT
legendary
Activity: 4088
Merit: 1452
Its never certain in results but buying into a dip is when you think the gradient forthcoming will be especially steeply positive.   So right now we've fallen and passed through some moving averages, I would wait some time for that energy to dissipate, because to challenge or stand in the way of a price moving the other way takes alot of confidence.   However if we somehow rise above the 2 day average for example then it starts to build the case for action to be possible to the upside, it becomes less dangerous and more within a range of possibilities that we go up.



Heres recent action 2 and 8 day in blue and orange line.   The flat yellow line there is arbitrary but its not a bad measure to hold, if we can close above that on a 1hr bar its sign selling may be receding.

Quote
- Just look at the chart and go on your experience / gut
People will reject this one because you mention gut.   But experience yes and taking a genuine interest in the price flow even when you arent involved, that counts and its just called gut because its subconscious but that doesnt mean thought isnt involved, its just not fully conscious or stated long hand.  Very easy to go wrong on that idea tbh.   Probably the best traders do alot of actions by these two things experience and reaction based on where they believe the price will appear next.
hero member
Activity: 3052
Merit: 651
Criteria huh?  Grin

It's difficult to have the better answer.
Mostly, I end up losing more when I am trusting my instincts.
Next, it will be panic in thinking I may lose more if I don't sell it at the time another dip comes. (after the buy)

I guess it doesn't really have a better explanation for it.
Just buy the dip and trust it will come back up at a time. Mostly unexpected.
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