Just use the common strategy that most traders do. Those TAs that has been common and you can see that with day traders.
No one knows if it's the bottom because in the past, many have assumed that bitcoin was already on its bottom but another bottom came in. So that's really unpredictable whether you're good at charts.
But at least with chart reading or TA, you have a pattern and increases your chance of reading the market accurately.
Topic: Do you have a strategy to help you determine that the dip is at its lower end? - page 3. (Read 332 times)
August 18, 2021, 06:26:44 PM
August 17, 2021, 09:48:56 PM
There tends to be these - what I call - SIKE! rebounds.
What that means is that there will be a steep dip, you think it's bottoming out so you buy, and sure enough, it starts to go up nicely, and then suddenly, usually a couple of days later...BAM! It dips way past the dip you bought at...and stays there for a long time. I don't know if there is a term for this.
Any strategies out there to help you determine that it's the end of the dip for this period?
What that means is that there will be a steep dip, you think it's bottoming out so you buy, and sure enough, it starts to go up nicely, and then suddenly, usually a couple of days later...BAM! It dips way past the dip you bought at...and stays there for a long time. I don't know if there is a term for this.
Any strategies out there to help you determine that it's the end of the dip for this period?
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