Thank you for the straight forward replies
@alani The news are so negative right now. They're scaring away all the newcomers. This is why such a small percent use cryptocurrencies...
@boyptc Gut feel, yeah, I can't rely on mine. I'm not in for a long time. But for example, when NMR reached $100, one guy on discord said "there will be one more hump to $130-150 then it will dump" - It happened! I know, everyone is saying something and it can be only luck or coincidence. But he said he knows how to recognize the P&D, and the pattern applies. Looking for a pattern :\
@socks From what I heard, whales can't manipulate btc so easy. At least not as easy as they're doing with alts. I don't think will get any positive news on btc any time soon^^
Topic: How can you know it is the last dip? (Bitcoin) - page 2. (Read 1255 times)
There's no specific way to know when is the last dip of bitcoin only news can give us idea when the price can be increase more or the price can be fall depends on the news..
Even you are analyze its not 100% that you can give a exact speculation if this is a last dip or not ..
There are whales out there that can manipulate the price or panic selling because of bad news..
Even you are analyze its not 100% that you can give a exact speculation if this is a last dip or not ..
There are whales out there that can manipulate the price or panic selling because of bad news..
Theres no way to determine if that is the final time for the dip. Its more on a gut feel, when you are starting to see bitcoins price is increasing a little bit. Observation is what you need to do for it. Its what I do, checking it from time to time. Also another good basis is if you are going to depend to the charts.
It's likely that the rally is over and we won't be seeing any other ATH any time soon. Perhaps speculators are scared of a potential chain split and the fact that Core's UASF is met with resistance is leading many away from Bitcoin.
Thank you for your reply, cellard:)
I know you can't know for sure, but there are certain techniques through which you can predict with a certain probability, as you mention above. This is what I was afraid of, I can't really digest all these analyses in such a short time and successfully apply them.
I'm not questioning the Bitcoin eligibility, on the contrary, I want to buy more. But I don't know when? Now at $2400? Wait for the 2000 dip? Even at a lower price?
Nobody knows for sure, but I'd like to know, by watching the charts when can I be 51% sure it won't go lower than that, it is already going up, I need to buy. Do you have any tips from your experience with bitcoin?
I know you can't know for sure, but there are certain techniques through which you can predict with a certain probability, as you mention above. This is what I was afraid of, I can't really digest all these analyses in such a short time and successfully apply them.
I'm not questioning the Bitcoin eligibility, on the contrary, I want to buy more. But I don't know when? Now at $2400? Wait for the 2000 dip? Even at a lower price?
Nobody knows for sure, but I'd like to know, by watching the charts when can I be 51% sure it won't go lower than that, it is already going up, I need to buy. Do you have any tips from your experience with bitcoin?
How can you know it is the last dip? What are the specific signs that a coin is getting back up?
More specific, when can I know that Bitcoin reached its lowest low (for this timeframe) and it will continue its steady growth from there?
Sorry for the noob question, I'm looking for an entry point for a long-term Bitcoin investment. I feel that trying to dig into trading theory right now would be too much for what I need. I'm just looking to maximize my profits in this specific situation.
Any tip would be much appreciated. Thank you
More specific, when can I know that Bitcoin reached its lowest low (for this timeframe) and it will continue its steady growth from there?
Sorry for the noob question, I'm looking for an entry point for a long-term Bitcoin investment. I feel that trying to dig into trading theory right now would be too much for what I need. I'm just looking to maximize my profits in this specific situation.
Any tip would be much appreciated. Thank you
Here is the simple answer: You can't. But you can try to estimate by several technical analysis indicators.
Fibonacci retracements
Double bottoms
Cup n handle
MACD
RSI
Channels
Those are the ones I use for TA, but this sector is a very new one, things can change fast, so look at the fundamentals too (news etc).
I wouldn't say anything is clear after October. I think everything will be ok, there will be no hardfork.
We will get segwit soon, and I expect a rise.
Im just holding long term and not doing any trading so good luck.
How can you know it is the last dip? What are the specific signs that a coin is getting back up?
More specific, when can I know that Bitcoin reached its lowest low (for this timeframe) and it will continue its steady growth from there?
Sorry for the noob question, I'm looking for an entry point for a long-term Bitcoin investment. I feel that trying to dig into trading theory right now would be too much for what I need. I'm just looking to maximize my profits in this specific situation.
Any tip would be much appreciated. Thank you
More specific, when can I know that Bitcoin reached its lowest low (for this timeframe) and it will continue its steady growth from there?
Sorry for the noob question, I'm looking for an entry point for a long-term Bitcoin investment. I feel that trying to dig into trading theory right now would be too much for what I need. I'm just looking to maximize my profits in this specific situation.
Any tip would be much appreciated. Thank you
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