Don't buy this dip yet! - page 2. | Bitcointalksearch.org

blckhawk

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Quote from: DoublerHunter on March 24, 2021, 06:49:53 AM

Quote from: Smitty Werben Man Jensen on March 23, 2021, 06:46:04 PM

Bitcoin prices are below $ 55k now, for me this is a good opportunity to buy gradually at this level,

^ If OP bought BTC at this level price, OP will probably have now a profit of at least 2% from the initial capital.
I know that after a short pullback there is a resistance, BTC will not down beyond $50k. It will not down straight as I have noticed with the price movement in the market. Nevertheless, that is my personal assumption, it will also change in a different direction.
However, it is very hard to know when is actually a dip in the price, just buy BTC and wait until 5 years, guarantee there is a new ATH.

I don't Bitcoin would go lower than $50k either, perhaps soon but I don't think it will happen for now. From what I've observed the price only dip at $53k and now gradually coming back leaving the price of $57k today. The thing here is don't expect too much, if OP buys at $53k at that time he is not having profit right now. In my opinion, taking a small profit with these slight ups and down could accumulate a pretty decent amount of profit or you could have had to wait for major correction then buy which however, we don't exactly know when it's gonna happen.

DoublerHunter

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Quote from: Smitty Werben Man Jensen on March 23, 2021, 06:46:04 PM

Bitcoin prices are below $ 55k now, for me this is a good opportunity to buy gradually at this level,

^ If OP bought BTC at this level price, OP will probably have now a profit of at least 2% from the initial capital.
I know that after a short pullback there is a resistance, BTC will not down beyond $50k. It will not down straight as I have noticed with the price movement in the market. Nevertheless, that is my personal assumption, it will also change in a different direction.
However, it is very hard to know when is actually a dip in the price, just buy BTC and wait until 5 years, guarantee there is a new ATH.

peter0425

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Quote from: Stedsm on March 22, 2021, 05:55:09 PM

As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.

It's creating a triangle in 4H but that's not looking in the favor of BTC and could bring it to its major support at around $52k. But hodl your breath, it's not over yet. If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.

It is much better if you added the graphs in this scenario , But i hate to believe that there is a chance of bitcoin falling down back to 36k.

And guiding us not to buy in this deep? do you have some assurance of this happening?

i have just bought in 53k and i care nothing if what will comes next because my mind set is not to become late in the journey to the moon.

Lucius

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Quote from: Stedsm on March 23, 2021, 01:20:48 PM

I feel I have to share this news with you all so that you guys won't say that I hid it. I believe that the top for BTC for this year is already there (i.e.; 61800) and I don't think BTC will be breaking it again, at least this year. I've shared what I'm seeing on the charts. I'm calling 61800 to be BTC's top for 2021. There are many analysts who will criticize me for this but I've only one thing to say - "Time will tell".

A very bold speculation based only on TA, and that is something that unfortunately cannot predict the price, at least not in the long run. For me personally to say that BTC has already reached its maximum ATH this year is pretty ridiculous, especially considering that we are in the year after halving, and that the interest of big players in BTC has never been greater.

Relying solely on TA in these circumstances is something that doesn't make much sense - because the ATH you're talking about can be broken today or tomorrow with the help of one big piece of news. I agree that the $60k zone has shown a lot of resistance, but I just don't see that this bull run can end this early - but as you say, time will tell if you were right.

traderethereum

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Let it happen like that, and I am sure we are ready for that time, although we do not know when that will come or it will not happen in the next weeks.
But this situation still good to trade and make a small profit, but we really need to be careful to decide.
This situation seems too scary to enter the market, but you will find a good time to buy low and sell high if you can analyze the market.
Do not force yourself to make a big profit if the situation is not good, and I prefer to take a small profit constantly.

New.in.trading

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Quote from: Stedsm on March 22, 2021, 05:55:09 PM

As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.

It's creating a triangle in 4H but that's not looking in the favor of BTC and could bring it to its major support at around $52k. But hodl your breath, it's not over yet. If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.

I am looking at this bulls area for BTCUSD right here, and will take buys if the current H4 closes outside the bulls area, having stopps somewhere below it. Next thing then, is to accumulate more buys on the M30 TF, to maximize possible gains if there are any decent entries.

adzino

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Why not? Every dip is a buying opportunity. Those "triangles" and other chart readings might not be always the same or what you think. Hence, just buy when you see a dip. It is going to be okay even if its a bad "buy" - you know, since you are going to invest only what you can afford to lose. That's the golden rule right?
If the dip was the last buying opportunity, people would start regretting a lot. What if the "$25k" you are expecting never happens? You would keep on waiting an event that is never going to occur and miss all opportunities.

Smitty Werben Man Jensen

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Bitcoin prices are below $ 55k now, for me this is a good opportunity to buy gradually at this level,
there is a possibility that the bitcoin price could dump to the $ 48k level, but I am sure this level will not be achieved that easily,
if it is reached then my advice is to buy it, lest you miss the moment.

Ultegra134

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Quote from: Oasisman on March 23, 2021, 03:29:19 PM

Quote from: numanoid on March 23, 2021, 10:29:40 AM

Well you just missed the dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

Pretty good technique for accumulation making sure not missing any dips. Nevertheless, If Btc breaks the $53,000 support there's no guarantee that It will fall below the $40,000 level.
If you have a good amount of capital, I guess $55,000 would be enough to get good profit once the bullrun proceeds. However, this week might be good for accumulation since the price action suggest a correction.

OP suggests that it can have an even greater fall the next few days. Let's keep in mind that a similar incident occurred not long ago, with Bitcoin losing ground from $50.000 and suddenly reaching $44.000. We should be cautious about any moves we make now, observing the charts and the situation is best for now, before making any irrational decisions.

Stedsm

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Quote from: Oasisman on March 23, 2021, 03:29:19 PM

Pretty good technique for accumulation making sure not missing any dips. Nevertheless, If Btc breaks the $53,000 support there's no guarantee that It will fall below the $40,000 level.
If you have a good amount of capital, I guess $55,000 would be enough to get good profit once the bullrun proceeds. However, this week might be good for accumulation since the price action suggest a correction.

The best trader is the one who accumulates in parts, like allocating 25% on each dip so that even if it dumps down 50%, you'll be in least loss compared to the loss you'd face if you go all-in at high price. The same principles should be followed when selling, so not to sell your complete position but in parts so that chances of extra profit making on any trade will remain highly possible. I've always traded BTC like that, but missed this grand bull run (had a position in BTC from $16k at 10x leverage and held it till $19k, so made almost 3x off it but my bad I didn't hold it else it'd have been one of the best trades of mine. I'd suggest to keep a bigger part saved for the lower support areas so when BTC drops there, buying it will be highly beneficial.

Oasisman

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Quote from: numanoid on March 23, 2021, 10:29:40 AM

Well you just missed the dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

Pretty good technique for accumulation making sure not missing any dips. Nevertheless, If Btc breaks the $53,000 support there's no guarantee that It will fall below the $40,000 level.
If you have a good amount of capital, I guess $55,000 would be enough to get good profit once the bullrun proceeds. However, this week might be good for accumulation since the price action suggest a correction.

carlfebz2

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Quote from: DarkDays on March 23, 2021, 02:07:36 PM

Quote from: numanoid on March 23, 2021, 10:29:40 AM

Well you just missed the dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

You're right. The dip is gone but not forever. I think you can still get into the following dip as for sure there will be another one. We have seen BTC fluctuate quite a lot but always bouncing off 53K so next time it closes in on this, if confident, buy the dip

Hardest situation when you are in torn between getting in or waiting a little bit.This had been always a problem of everybody when they do know that theyre already on an initial support

which we do really ask out for for something deeper.Now that the price is clinging back again(55k) at the moment where it did really have some +$1000 price movement in a course of 24 hours.

For those who had entered yesterday then they are making profits as of now but since the price isnt really moving that much then we do still have the tendency to touch down those supports.

DarkDays

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Quote from: numanoid on March 23, 2021, 10:29:40 AM

Well you just missed the dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

You're right. The dip is gone but not forever. I think you can still get into the following dip as for sure there will be another one. We have seen BTC fluctuate quite a lot but always bouncing off 53K so next time it closes in on this, if confident, buy the dip

Stedsm

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Quote from: blockman on March 23, 2021, 01:25:52 PM

If somebody has bought on $53k, he's in profit already. But OP is telling a fact that there could be a more pullback for the price before it finally recovers.
But so far, the price seems to be stable and it's like that we're going to see bitcoin recover and goes back near to $60k soon.

Trust me, if you want to see a good altcoin season, then it's necessary for BTC to either stabilize or get a good correction in order to get its dominance level settled down which is actually stopping major alts making a move. BTC can only be stabilized once it reaches a level that's suitable for everyone so no huge buys/sells will be there and no such 5-10% moves which will give boost to the prices of some good projects which have already done 10-50x but didn't hold there and dropped down under 50-80%.

yhiaali3

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Personally, I expect Bitcoin to drop to levels below 47k$, then it will be a good time to buy, at this time we must take advantage of the altcoin rise to achieve some additional profits before Bitcoin returns to 58k$ levels, of course we must deal with great caution with this stage because it is possible To be rather dangerous.

blockman

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If somebody has bought on $53k, he's in profit already. But OP is telling a fact that there could be a more pullback for the price before it finally recovers.
But so far, the price seems to be stable and it's like that we're going to see bitcoin recover and goes back near to $60k soon.

palle11

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Quote from: danherbias07 on March 23, 2021, 11:07:36 AM

If not, I am still wishing for a cheaper price at 40-45k and maybe all this regret fade away.

This price can be possible yes. The bear looks like is going to come even as the price struggles and goes up again today with $2000 bringing it to hit $55,000 plus but I think a proper correction may happen anytime soon as people are beginning to reinvest in altcoins in the believe is bull for altcoins.

But you don't need to regret if you sold your coin at some point because you made some profit.

Stedsm

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I feel I have to share this news with you all so that you guys won't say that I hid it. I believe that the top for BTC for this year is already there (i.e.; 61800) and I don't think BTC will be breaking it again, at least this year. You must check the 4H charts to understand this that all the liquidity has now shifted down to areas where big guys are waiting to buy BTC at, because they feel it's too high the cost of BTC that they need to pay and that's why, the liquidity that BTC ate yesterday was just a trailer as it didn't even reach the major support point. I believe that BTC will still retrace towards $57k before shooting down under $45k and this time, it won't be a "dump" but a correction, a much needed correction. I'm not asking anybody here to sell/short BTC and if they do, they'll do it at their own risk as it's their trading choice. I've shared what I'm seeing on the charts. I'm calling 61800 to be BTC's top for 2021. There are many analysts who will criticize me for this but I've only one thing to say - "Time will tell".

danherbias07

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Sounds good for those who are still aiming to enter at a cheaper price.
Also a better opportunity to remind newbies that Bitcoin is indeed volatile.
I regret that I sold before at $30k and I want to put it back in. $36k might be the best entry I could get if ever it will hit that number.
If not, I am still wishing for a cheaper price at 40-45k and maybe all this regret fade away.

SquallLeonhart

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I would say that I am not really in the mood to check for the prices when I buy. You may think I am crazy and I would suggest you not to follow my lead because I could be very wrong. However I just buy, I only buy and that is good enough for me. Why would I care if it is low or high, I know it will be higher than whatever high it is right now, and I do not care if it is going down, I will buy now and I will buy when it goes down as well so I do not care. Long term investors look at what you guys are doing and how you guys get scared from the tiniest drops.

I bought bitcoin when it was at around 12-13k in 2018 and I bought until 3k as well, made my average into 6k, sold it when it went to 10k and it went even higher, so ever since that day I just keep buying, did my biggest purchase at around 6-7k level and that is when I realized I should put as much profit as I can into it.

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