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

Odusko

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Quote from: Oshosondy on January 25, 2025, 08:18:32 AM

Quote from: Wind_FURY on January 24, 2025, 11:07:20 AM

The market is very UNPREDICTABLE if you view it in a more ZOOMED IN method which will add more confusion, and that confusion will add more anxiety, which could also cause your mental breakdown and decide to SELL.

If anyone is in DOUBT, simply ZOOM OUT and I'm very confident that you'll actually see that Bitcoin is in a SUPER CYCLE? Why? Because the Federal Reserve and many Central Banks in the world could NOT stop printing money.

There are wallets that you can even have bitcoin and open USDT or USDC derivative position using listed coin pairs. But the problem is that traders may lose and use the money they are holding to trade and lose all also until they have no money anymore. The reason some people are not yet successful is because they are trading. Although some people get it right but this is less than 10% of people in the trading community.

Trading for me is more or less what you can afford to lose, and what I have discovered lately is that only a few traders are truly successful and most derivative traders are core losers and gamblers if you belong to that category of traders then the only advice is to only trade with the amount of money you can afford to lose, and never trade with your main wallet where your other assets are because sometimes having your money in one exchange can fuel uncontrolled trading or be forced to exchange assets to avoid liquidation, which in the ends you end in more loses.

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Quote from: Wind_FURY on January 24, 2025, 11:07:20 AM

The market is very UNPREDICTABLE if you view it in a more ZOOMED IN method which will add more confusion, and that confusion will add more anxiety, which could also cause your mental breakdown and decide to SELL.

If anyone is in DOUBT, simply ZOOM OUT and I'm very confident that you'll actually see that Bitcoin is in a SUPER CYCLE? Why? Because the Federal Reserve and many Central Banks in the world could NOT stop printing money.

There are wallets that you can even have bitcoin and open USDT or USDC derivative position using listed coin pairs. But the problem is that traders may lose and use the money they are holding to trade and lose all also until they have no money anymore. The reason some people are not yet successful is because they are trading. Although some people get it right but this is less than 10% of people in the trading community.

Wind_FURY

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Quote from: bitbollo on January 24, 2025, 02:18:15 PM

if you are not a professional trader, or even you can assume that risk ...as confirmed by M. Saylor in many speeches , the best solution is just buy and hold.

you don't need to trade it. even if you had a gain, this amount is still negligible compared to the future value of the stack.
...when I see a position in red or the price going down ... "oh well, bitcoin si for sale at a discounted price!!!" Roll Eyes

Plus even if someone is a "professional trader", but if he/she CAN'T outperform Bitcoin's LONG TERM price performance, then It would have been better to merely HODL Bitcoin.

There are definitely very few people who outperformed Bitcoin, and I'm confident those people also have Bitcoin HODLed in their portfolio mixed with other more volatile assets.

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Until this day, the red zone still appear and stay to the market. We don't know until when that will end and replace by the green zone but I believe that will change in the next week. I choose to leave the market for a while and not doing anything because if I enter to the market, I am afraid that can lead me to the lost.

But this correction will be a good time to buy back especially for buying Bitcoin because the price now is down. You can place your order buy in some order buy price so you can get Bitcoin at many lower price.

So you need to analyze more to find what you want to do and not make a mistake.

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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 you want to trade when the market is falling, then take the right position to accumulate. To determine the zone requires careful analysis especially for people involved in future trading because a small mistake can lead someone to liquidation which will result in losses. To make it easier to achieve the profit target, make an analysis first and most importantly the profit must be reasonable not too excessive, after that exit the trade if you have made the specified profit.

Greed will not provide certain benefits because sometimes we will lose the profits that have been obtained because we are waiting for big profits in uncertain conditions. Bitcoin prices can change quickly in the market and of course it is very dangerous when people are involved in future trading.

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Quote from: Finestream on January 24, 2025, 04:45:12 PM

Quote from: Coyster on January 24, 2025, 01:44:19 PM

Buy low and sell high like they say, that is something everyone wants to do, but it is not everytime that we get the opportunity to do so, especially when you feel it will drop and you are waiting to buy, but it starts to rise again. That said, i don't know about day traders, but investors like myself do not worry about small market movements and i see "everytime" as a good chance to buy, because my plan is to hodl for the long term and i am doing so confidently.

However, it’s not like the current price is low or in dips, it’s still $100+ in price so it would still be considered high, but if you are going to do it through DCA, price fluctuations will never matter at all. And just like you’ve said, you’re here for long term hodling, just like everyone else, so whether the price is in dips or not, it’s still a good buying potential. Though we can make it big if we start buying at a red position.

Long-term Bitcoin investors have nothing to worry about regarding short-term price drops, but as day trader trying their luck, a short-term price drop could be an opportunity to stock up and position oneself towards profit merging more than possible losing trends and we should not forget that important points that regardless of which type and class of Bitcoin user you are, be it trader or a holder, the most important thing is to make sure that you target the low price region to buy your Bitcoin to be in a sane position and to be able to take whatever comes along with the market both on the long term and short term traders or investment position.

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Quote from: Coyster on January 24, 2025, 01:44:19 PM

Buy low and sell high like they say, that is something everyone wants to do, but it is not everytime that we get the opportunity to do so, especially when you feel it will drop and you are waiting to buy, but it starts to rise again. That said, i don't know about day traders, but investors like myself do not worry about small market movements and i see "everytime" as a good chance to buy, because my plan is to hodl for the long term and i am doing so confidently.

However, it’s not like the current price is low or in dips, it’s still $100+ in price so it would still be considered high, but if you are going to do it through DCA, price fluctuations will never matter at all. And just like you’ve said, you’re here for long term hodling, just like everyone else, so whether the price is in dips or not, it’s still a good buying potential. Though we can make it big if we start buying at a red position.

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Quote from: Antotena on January 24, 2025, 01:31:53 PM

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.

There is one senator that deeply support Bitcoin and now she is rooting to pass bill for Bitcoin reserve, I have seen it circulating X app since yesterday and it is giving the market some level of confidence but don't forget to trade with caution because there are anti Bitcoin people everywhere, the bill can get rejected by the house as legislative attack to make it unreasonable because the number of people in the senate that want to see Bitcoin is more than those that doesn't.

Try as much as possible to avoid futures, I know the market can't be volatile which is what gives people profit but volatility can clear your portfolio and doesn't care about what you think of the market. It's better to stay with spot trading and enjoy the little you are having without any liquidation than get liquidated and have nothing at all. Try as much as possible to avoid anything related to meme coins too, they can be profitable and can be deadly.

You mentioned two important factors and things to avoid if one wants to succeed in trading because future trading is poured gamble and for a safer trading experience going for spot trading is far better than going for future/derivative and trading meme coins comes with higher volatility and at such trading, it becomes more risk than normal coins, so for that, if one wants to profits from trading, there are two important factors to consider and avoid greed and future trading because even if you trade on in Bitcoin which is the most stable and less volatile compared to other's when you still have that greed mentality it will still end you in a bad position at the end.

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Quote from: bettercrypto on January 24, 2025, 11:35:14 AM

What you mentioned is correct, actually even in 4 hr time using the trendline, the correction that is likely to happen can still be seen,
and the most support can really lead to a price drop. So, its either a few days this will happen.

But even so, it depends on what happens since what we are talking about here is still speculation. And this also agrees with my analysis that is also being conducted on this matter.
And there is also news about bitcoin either.

Honestly there will be different results and speculations even if two people look at the same chart. It depends on where you are looking at it, and what angle you want to take. Give two people the same chart, tell one to find how that chart shows it could go down, and tell the other to find how that chart means it will go up, and they will both find it.

Since it can't both go down and up, one of them is wrong, but they believed the chart told them where it will go, so they are not really fully wrong, they just looked at it with one thing in mind, not an open mind. That is why it's always very risky to invest with emotions, you have to leave emotions at the door when you want to invest, and if you can do that, then you will do fine.

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if you are not a professional trader, or even you can assume that risk ...as confirmed by M. Saylor in many speeches Roll Eyes

, the best solution is just buy and hold.
you don't need to trade it. even if you had a gain, this amount is still negligible compared to the future value of the stack.
...when I see a position in red or the price going down ... "oh well, bitcoin si for sale at a discounted price!!!" Roll Eyes

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Quote from: michellee on January 23, 2025, 07:57:56 AM

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.

I thought you will leave, so why still continue watching them? Lol. It is up to you if you think it is risky to enter now but some still can do it. In fact this is the best time for them to do it. The price is still in red, so maybe yeah that we can go below $100k. I think I know the reason now on why you don't like that to happen and that is because you are planning to enter when the price is only rising and when the price drops more, it can only delay you.

We are not yet on weekends but if we do, then that actually makes the market stable. We can't dictate the price, so a movement is not an indication of something but yeah, there is always a chance for an increase if given the market a time like a week or so.

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Quote from: Asuspawer09 on January 24, 2025, 11:33:32 AM

-snip-
I would probably DCA for sure and buy when the market is something like this since I dont really have a choice, I dont want to wait to buy until the huge drop happened, but I would probably prefer to buy before 80k$ if the huge correction is going to happen, but just like what you said you we dont know how far the dip can go so we dont know if the price is even going to drop to 90k$ it might never go back to that price again.

DCA is a safe way to keep buying consistently over a specific time frame and the same number of purchases or incremental each purchase.

But you certainly have to look at how the market is working and where the big drop is going to happen, you need to do that analysis even if you're just going to keep buying at any price.

You can pay attention to the chart, how Bitcoin continues to try to break the top Resistance at the ATH of $107k and it continues to do so at the moment.
The price continues to bounce when it touches the nearest strong support at the Flip trend point of $99k and it has become a strong support and supports the price of Bitcoin to continue to be pumped.

It's only a matter of time and some positive trend support to make the Bitcoin price could reach the Bullish Target at $150k in the near term.

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Buy low and sell high like they say, that is something everyone wants to do, but it is not everytime that we get the opportunity to do so, especially when you feel it will drop and you are waiting to buy, but it starts to rise again. That said, i don't know about day traders, but investors like myself do not worry about small market movements and i see "everytime" as a good chance to buy, because my plan is to hodl for the long term and i am doing so confidently.

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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.

There is one senator that deeply support Bitcoin and now she is rooting to pass bill for Bitcoin reserve, I have seen it circulating X app since yesterday and it is giving the market some level of confidence but don't forget to trade with caution because there are anti Bitcoin people everywhere, the bill can get rejected by the house as legislative attack to make it unreasonable because the number of people in the senate that want to see Bitcoin is more than those that doesn't.

Try as much as possible to avoid futures, I know the market can't be volatile which is what gives people profit but volatility can clear your portfolio and doesn't care about what you think of the market. It's better to stay with spot trading and enjoy the little you are having without any liquidation than get liquidated and have nothing at all. Try as much as possible to avoid anything related to meme coins too, they can be profitable and can be deadly.

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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.

What you mentioned is correct, actually even in 4 hr time using the trendline, the correction that is likely to happen can still be seen,
and the most support can really lead to a price drop. So, its either a few days this will happen.

But even so, it depends on what happens since what we are talking about here is still speculation. And this also agrees with my analysis that is also being conducted on this matter.
And there is also news about bitcoin either.

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I mean, those prices were pretty high, actually, so I dont really see any dip that you're talking about, Bitcoin was at 100k+, Solana was at around 250k, XRP was 3$, trump was .. never mind. I mean this is all too high actually for the most part this was an all-time high actually, Bitcoin was just down a few thousand from all time high and that was kind normal for sure, and we can expect a lot of this drops, and correction every week so its was pretty normal to have a red market in 24 hours.

I would probably DCA for sure and buy when the market is something like this since I dont really have a choice, I dont want to wait to buy until the huge drop happened, but I would probably prefer to buy before 80k$ if the huge correction is going to happen, but just like what you said you we dont know how far the dip can go so we dont know if the price is even going to drop to 90k$ it might never go back to that price again.

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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.

The market is very UNPREDICTABLE if you view it in a more ZOOMED IN method which will add more confusion, and that confusion will add more anxiety, which could also cause your mental breakdown and decide to SELL.

If anyone is in DOUBT, simply ZOOM OUT and I'm very confident that you'll actually see that Bitcoin is in a SUPER CYCLE? Why? Because the Federal Reserve and many Central Banks in the world could NOT stop printing money.

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

~

Just bought like earlier lol. It looks like we're at that point where the market is going to stabilize at around a +-5k level. Still even if I am wrong, I don't think I'd lose out that much, it's at most gonna drop to 90k. By that point I reckon the market would stall and wait for something to happen and it should be pretty easy to see if it's gonna continue going down or not. Still I am DCAing though so doesn't really matter much whether I buy in now or later, still gonna buy in during this time period anway. Probably at least till the middle of the year.

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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.

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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...

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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.

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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.

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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.

passwordnow

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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.

Mpamaegbu

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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.

michellee

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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.

SquirrelJulietGarden

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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 267 times)