I Don't Know how far the dip can go but best if you open the position in red

shinratensei_

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Quote from: Odusko on January 23, 2025, 02:58:22 AM

At the moment Bitcoin is the major market determinate coin is in the red zone and most cryptocurrencies are all in red based on their current chart signifying more sell orders compared to buy orders, but as a market analyst, the current 24-hour prices of most coins are way below the ATH zone which gives your the room to speculate the higher market possibilities, so with that now stands the best buying position but note, apply caution so as not to allow your greed to take the better part of you, buy as much as you can lose but then know that the possibility of you losing is lower that possibility for you to profits from your trading positions.

definitely valid reasoning but I'm also concerned about altcoin market valuation right now that's already high even with most of these alts dumping, i'm sure that there will be purge of alts that are faded by the market and eventually will get delisted so that's a concern to choose a coin with high trading volume if we are talking about low mcap altcoin.
but for sure coin like ETH is currently so undervalued yet it seems the market for ETH is hardly moving, wonder what's happening, maybe just capital escaping momentarily for trump memes.

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I'm not an expert in TA, but just by looking at that picture (4H timeframe), it seems like Bitcoin is making a higher low while making a lower high, and it's only a matter of time on whether the bulls or the bears will get the momentum. Also, I tried to use the Fibonacci Retracement, and it seems like it touched the 0.236 twice which is around the $101,000-$102,000 range. 0.382 which is the $103,324 can be a support, but I doubt that it will sustain so I will expect that the lower trendline will act as a support.

I already set a position at the $102,000 price range for me, and like you said, we don't know how far it can dip. Heck, it might go below $100,000 out of nowhere again. Let's just be ready and cautious at the same time.

Botnake

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Bitcoin isn’t in its deepest dip yet, because for me when I say dips, prices may range below $70k-$50k and that’s the perfect timing to start buying bitcoin. But if we are considering DCA, well one could actually start buying regardless of its price, any pump or dump won’t certainly matter because you are aiming for long term investment, not just a short one.

What I actually see is a current correction happening now. Anytime of the day, btc price will bounce back again and move up, so there’s nothing really serious here. And to think that there’s more positive events than negative ones waiting ahead, that makes me more confident thinking that bitcoin price will gain more chances to surge high rather than seeing it dropping its price dramatically in the next days.

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Quote from: Zaguru12 on January 23, 2025, 05:23:11 PM

Quote from: Questat on January 23, 2025, 01:50:57 PM

Dips are a good entry in the market, but that could be well applicable only for bitcoin, as other coins when they reach their dips, some won’t manage to recover then. But with bitcoin, everyone is waiting for it, most especially if you are still trying to buy bitcoin for the first time. Don’t worry about the dips, but worry about if your coins have not recovered at all from its dips.

Definitely the dips are good entry opportunity for bitcoin but there are Altcoins which the dips are their getaway to crashes, I usually say you don’t buy some Altcoins dips most especially memecoins and those without utility as you might probably be used as liquidity. As a bitcoin investor most especially a long term holder there is nothing to panic about because the bitcoin market after taking corrections will definitely bounce back to the top.

As for this current situation of the market which I call the ranging or consolidating market I will say it was well anticipated because the market doesn’t have any major inflow or outflows and without a major breakout we will just be ranging for now

Talking about bitcoin investment, and now being a good entry point is doubtful to me. If I am a newcomer, I'll not enter at this time. Seeing BTC from the range of 15k to 30k, to 50k to 70k, to 80k and now to 100k and someone is saying that this is a good entry time. I am trying to understand though...

Zaguru12

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Quote from: Questat on January 23, 2025, 01:50:57 PM

Dips are a good entry in the market, but that could be well applicable only for bitcoin, as other coins when they reach their dips, some won’t manage to recover then. But with bitcoin, everyone is waiting for it, most especially if you are still trying to buy bitcoin for the first time. Don’t worry about the dips, but worry about if your coins have not recovered at all from its dips.

Definitely the dips are good entry opportunity for bitcoin but there are Altcoins which the dips are their getaway to crashes, I usually say you don’t buy some Altcoins dips most especially memecoins and those without utility as you might probably be used as liquidity. As a bitcoin investor most especially a long term holder there is nothing to panic about because the bitcoin market after taking corrections will definitely bounce back to the top.

As for this current situation of the market which I call the ranging or consolidating market I will say it was well anticipated because the market doesn’t have any major inflow or outflows and without a major breakout we will just be ranging for now

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Quote from: Odusko on January 23, 2025, 02:58:22 AM

At the moment Bitcoin is the major market determinate coin is in the red zone and most cryptocurrencies are all in red based on their current chart signifying more sell orders compared to buy orders, but as a market analyst, the current 24-hour prices of most coins are way below the ATH zone which gives your the room to speculate the higher market possibilities, so with that now stands the best buying position but note, apply caution so as not to allow your greed to take the better part of you, buy as much as you can lose but then know that the possibility of you losing is lower that possibility for you to profits from your trading positions.

You are right possibility of losing if we buy from the current price tag is lower but unfortunately I bought very earlier by predicting that those were the only dumps I was going to see but after one and another comes and now this dump is so cheap that we should be doing buying in this dump but nah, I don't have any stables on me right now and I am in need of money too for personal use.

We must always keep some parts aside for the next dump, we should definitely not load every single penny into crypto in one or two or three dumps, yeah I invested in three dumps, and in each I made more loss haha, and currently I am around 30 to 40 percent down. This really hurts too.

We have to be careful with our choices as BTC remains the best.

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Quote from: Odusko on January 23, 2025, 02:58:22 AM

At the moment Bitcoin is the major market determinate coin is in the red zone and most cryptocurrencies are all in red based on their current chart signifying more sell orders compared to buy orders, but as a market analyst, the current 24-hour prices of most coins are way below the ATH zone which gives your the room to speculate the higher market possibilities, so with that now stands the best buying position but note, apply caution so as not to allow your greed to take the better part of you, buy as much as you can lose but then know that the possibility of you losing is lower that possibility for you to profits from your trading positions.

Hmm, for holders there's nothing much concerning even if the market takes a short period consolidation zone or even a major correction again to test the $92k.

Yup, it is concerning for the Long traders I mean future and margin traders, and I don't trade in future and margin so there's nothing to worry about ever until or unless I make some stupid selection to trade. Bitcoin might test the 100k level again but currently, things are in our favor let's wait for the weekly closing to arrange further plans.

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Quote from: Odusko on January 23, 2025, 02:58:22 AM

At the moment Bitcoin is the major market determinate coin is in the red zone and most cryptocurrencies are all in red based on their current chart signifying more sell orders compared to buy orders, but as a market analyst, the current 24-hour prices of most coins are way below the ATH zone which gives your the room to speculate the higher market possibilities, so with that now stands the best buying position but note, apply caution so as not to allow your greed to take the better part of you, buy as much as you can lose but then know that the possibility of you losing is lower that possibility for you to profits from your trading positions.

The market is somewhat very unstable and even if your analysis of the market is right, we may see something different as some analyst may have a different view to what you’re seeing. The market generally still has that bullish momentum in it that will see it go higher and record new all time high soon. I will see this as another consolidation zone and for those that will buy and take the opportunity can quickly do that while buying at an average and not fully. It can go sideways to your prediction, so to be in a safer zone, it’s advisable to buy little and wait to see the reaction of the market. Going up will give you some profits even though not maximally as when you buy fully, but then, losing partial capital is better than losing them all.

Questat

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Dips are a good entry in the market, but that could be well applicable only for bitcoin, as other coins when they reach their dips, some won’t manage to recover then. But with bitcoin, everyone is waiting for it, most especially if you are still trying to buy bitcoin for the first time. Don’t worry about the dips, but worry about if your coins have not recovered at all from its dips.

Odusko

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Quote from: Oshosondy on January 23, 2025, 03:57:30 AM

15 minutes, 1 hour and 4 hours candles are showing that the price of bitcoin may increase. But if you check the 1 day chart, it shows the possibility that bitcoin price might fall below $100000 again. I have not noticed that if bitcoin fall to almost $100000, the resistance around that price is not strong but maybe it will be strong this time.

But what that is important is that in this year, bitcoin will increase in price more and get to ATH. But at this price, it would be good for people to average instead of buying at once.

BTC price:

Looking at the current market reactions and chart movement and based on 12 hours to 24-hour market chart reading, it still points to more bullish momentum for Bitcoin and most other coins in the market, but considering the 7-day Bitcoin market pattern, this week should be more bullish and best buy position, I agree with what you said averaging in position quantity is best for now so that as your trading positions move is either you buy more when price rise above your last buy position, or you take profits if the market favors your first leveraging position buying.

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Quote from: Oshosondy on January 23, 2025, 03:57:30 AM

15 minutes, 1 hour and 4 hours candles are showing that the price of bitcoin may increase. But if you check the 1 day chart, it shows the possibility that bitcoin price might fall below $100000 again. I have not noticed that if bitcoin fall to almost $100000, the resistance around that price is not strong but maybe it will be strong this time.

But what that is important is that in this year, bitcoin will increase in price more and get to ATH. But at this price, it would be good for people to average instead of buying at once.

Right what you said, when viewed from the Daily time frame Bitcoin is still in the Sideaway area which means there will be an increase and decrease in prices there, with this Bitcoin still has the potential to fall below $100k or rise to the highest price breakout ever made before ( hope ), of course at this time good news about crypto is more dominant but whatever it is let's wait and see together.

Dr.Bitcoin_Strange

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The influence of the newly elected US President could show some effect on the market and when you think you are right in your prediction, a news release could just come up and take price against your prediction. So, if you are investing to hold, you can use the DCA strategy to buy gradually while expecting that price could dip more or plunge more.
If you are trading bitcoin on future option, going long could still a right or wrong call because the market could still continue in its downward movement, because from my analysis, I can see that some areas of imbalance can be taped in by price and price could react by moving down again.

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Bitcoin's position is still fine. We're not very far away from the last ATH that it has shown and standing above $100k shows that it's on a good position. Wait until we see the Chinese New Year because this is the next even that most of us would speculate that there is an upcoming dip. I don't know about that but it used to be like that and the same thoughts and analyses have come up with that idea. They're could be wrong but they could be right too. The point that I agree with OP is that, while we're seeing these reds, it's best for one to take care of his own portfolio and adds more and accumulate if that's convenient to them.

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If you're referring to the Bitcoin market vis-a-vis its current price and how it has dipped, I would say you shouldn't panic because that's not a dump. It's a correction. It's expected. We haven't done two X of previous ATH on Bitcoin yet, so I'm not panicking. As for alts that are dipping, make sure to be hodling altcoins that have use-case so you won't continue to fidget any time the market goes to red. Memecoins can give you instant profit just the way they can wreck your finances instantly. We all have seen what Trump Official and Melania tokens are doing at the moment. Those who bought them at peak are in tatters now. They don't know what next to expect; whether their prices will later come up or not. They don't know. This can be the end for those tokens, it can also be that the team pumps more money into it to push up price. Whichever one, we don't know. That's how unpredictable memes are.

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The market now is in the correction where makes many coins are in red. I leave the market now and just watch where the price will moves. I am not trying to enter to the market because it is risky for me and I need to analyze more to find the way to enter the market if that is possible.

Maybe this correction can continue to lower than $100k but hopefully, that will not happen and the price will be back to the high price. But if that price go lower than $100k well that will be a good time to buy back and forget about future trading or spot trading Grin

But the price seems moves slow and not drop instantly so there still a chance for the price to go up in the next week. Don't forget that we are now in the weekend which usually the price gets correction.

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Quote from: Odusko on January 23, 2025, 02:58:22 AM

At the moment Bitcoin is the major market determinate coin is in the red zone and most cryptocurrencies are all in red based on their current chart signifying more sell orders compared to buy orders, but as a market analyst, the current 24-hour prices of most coins are way below the ATH zone which gives your the room to speculate the higher market possibilities, so with that now stands the best buying position but note, apply caution so as not to allow your greed to take the better part of you, buy as much as you can lose but then know that the possibility of you losing is lower that possibility for you to profits from your trading positions.

If it is trading, your trading position needs to be in greed, profitable on the screen and you need to close your position with profit, draw or minor loss.

Avoiding a loss is best, but if you can not, minimize your loss with stop loss order or stop limit order is acceptable.
Opening your position in red, let it redder will make the trading position more terrible, it's unacceptable.

I just think you wanted to imply about investment, like making an investment entry for example DCA in red, and it's good. Buying dips with DCA strategy, and with long term investment plan, is good. If it is about trading, it's not good.

Oshosondy

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15 minutes, 1 hour and 4 hours candles are showing that the price of bitcoin may increase. But if you check the 1 day chart, it shows the possibility that bitcoin price might fall below $100000 again. I have not noticed that if bitcoin fall to almost $100000, the resistance around that price is not strong but maybe it will be strong this time.

But what that is important is that in this year, bitcoin will increase in price more and get to ATH. But at this price, it would be good for people to average instead of buying at once.

Odusko

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At the moment Bitcoin is the major market determinate coin is in the red zone and most cryptocurrencies are all in red based on their current chart signifying more sell orders compared to buy orders, but as a market analyst, the current 24-hour prices of most coins are way below the ATH zone which gives your the room to speculate the higher market possibilities, so with that now stands the best buying position but note, apply caution so as not to allow your greed to take the better part of you, buy as much as you can lose but then know that the possibility of you losing is lower that possibility for you to profits from your trading positions.

Topic: I Don't Know how far the dip can go but best if you open the position in red (Read 135 times)