Topic: Prepare for the Next Dip before the Real Bull. (Read 546 times)

Nice, now where are the people who told to buy the next dip after the ETF approval or people saying that they will buy once Bitcoin dip?
We fell below $40,000 recently and now we are back above $40,000. Could be that the dip already we are talking about here before the real bull run?

If this price will gradually drop until its next days,  then this is a good opportunity to reinvest again and continue with DCA until you reach your desired bitcoin amount. No need to procrastinate like OP said because we don't know actually what will be the price movement of bitcoin in the next days, so while it's happening at the moment, grab the chance and take advantage of the current cheap price of bitcoin.

While this is new for those who are fresh in the market, but for us long term hodlers, there is nothing new to this. We know that this is coming so we should keep chasing for it.

   The bearish scenario is playing out. Strong resistance at the mid range, we kept rejecting at 43.5 - 43.8k. Any pump now to 42.3-.5k will be a selling opportunity. All attention now is on the bull must hold support, any daily close below that and we are heading for the bearish targets outlined here as stated "if we start trading below this levels" As you can also note, it is already becoming a concern to the market with the sell offs happening on alts and over-leveraged futures traders how the heat at your end. Bull run preparation, some alts are presenting you DCA opportunities, deploy some cap. If you are a spot holder and you are selling your alts at this levels NGMI, DCA. Spot traders stick to your target and stop loss area.
  This is a healthy retracement, know your levels and play the game, ETH hits 2.7k and down, many argued with me, now i await 2200 - 1900 if this level comes buy more alts. The real bull run starts post halving after the sell the news event again, after this one more major sells and up only. BTC could only pump to 42.199k and like was stated was a selling opportunity. Not much has changed, note for bullish continuation, BTC needs to flip 43.5 - 44.5k as support, but as long as we trade this levels failure of 40k holding which has been tested multiple times recently we will see sub 39k. Use the previous update to view price targets. Should BTC bleed more we need it to be slow and steady so as alts will have opportunity to Flourish, an aggressive move downward and alts will dump hard short term.

Those that do DCA is because they don’t have money to buy all at a time. For the time that the market is very volatile like we are experiencing now, DCAing should be the best method to use now even though you have enough money to buy all you need at the moment. The real bull run is getting closer daily and the need to bag up your wallets is very necessary now.

Before the ETF approval, I never expected the market to fall back to $40K because of how the market was on uptrend on the anticipation of the upcoming news of ETF approval, I expected it to continue in that direction and we may experience a big surge in price but unfortunately the opposite happened.

This is a good time that many never expected to come again, the market is seeing a correction and as we get close to the bull run, the market will see a positive trend. Buying now is important and if using DCA is the best method for you, it is better to use it now before it gets too late.

You are right. The market is giving us opportunity to buy again so we can perfectly prepare when the real bull run hits. Through DCA, it will help us to achieve our goal on accumulating bitcoin as much as we can. Don’t be too naive to wait for the next dip, otherwise we will lost again the opportunity to buy at its cheap price while waiting for the perfect time to buy. Now is the best time to buy, not tomorrow nor the following days ahead.

Today only Bitcoin gained 5.25% for this moment I’m writing you this, going from $39k to $41k in one day could we say it’s the end of the Dip and we will see the bull run from now on. Or it’s just another correction before things swings out for another bearish movement.
It’s so difficult to predict the next price movement even with reading, analyzing and scanning all the data we have before, trying to relate it to history or studying the psychology of traders and market cycle. Many people believes that the market always repeats itself and this is how we should trade and predict, the only issue in all this methods we can’t know when that movement will happen exactly, most of technical analysis are being checked after the market moves and nobody is certain what’s coming, the only method I can relate to is investing with a large amount I can afford for a better income and more importantly is the long term of my trades, so for now it’s always a chance to buy low.

I predict and not really sure about this, But I think the Dip is just around 38-39k and not below. So for me this is our chance to ride the bull.

It's true we can follow the DCA strategy once we find a dip. For me, I am expecting to see Bitcoin in the $35K zone and accumulate in that zone. Though Bitcoin was dipping two days ago, I haven't accumulated anything. Still, I believe Bitcoin would dip to the $35K zone and bounce from there. Unless it reaches my target, I am not going to accumulate it. If you are talking about real bull, then we might see it later halving. 

I really like your analogy from the pictorial image displayed here to showcase the bottom hole of bitcoin dip for the interesting ones to buy. Hey buddy bravo. Yeah men, because in of the bullish after the dip that is very near, we advocate to those who wanted to invest when the price was high but could not because of the price and now that the price is going to down, they can use this opportunity to accumulate more to their portfolios. It is a good thing to buy from the dip and hodle till the bull market has come again. And it is said in the op, if they can't buy at ones then they can use the DCA method to get it done. And that is one of the fastest way to go about it. Just like the popular saying in the forum "Buy the Dip and hodle".

You have good point though. Most people use DCA method not only to accumulate more profit but its also help in minimizing risk. Because doing DCA enable you to Keep accumulating certain quantities of BTC in fixed duration. For example you can make your DCA weekly depending on your choice. Like for example during the time BTC created it's  ATH alot of people still jump into market expecting it to beat that price at that moment. But No it's end up experiencing a massive dip. Some of the individuals that as fall as victims buying in the peak (ATH) end up selling in losses. While some keep using the DCA strategies to accumulate more bitcoin at the dip. Now I'm pretty sure they in great profits now due to the DCA strategies.
To me most time I reason going in at once, is like I'm trading or gambling. most time going in at once is good when you know that you enter at the right time. for instance Around 2020 month of April when bitcon price was around the price range of $8k and you go all in. And was patient enough to hold till now you won't be scared to go all in again because even though the price experience a correction you still be in profit and at that time you'll base on DCAing

DCA is a good way to invest in bitcoin, but in some certain situations or circumstances, DCA is not always the best method. For instance, with the current market conditions, if I have a good sum to invest in Bitcoin, I am going in at once. I have my reasons which is; bitcoin has already corrected from 48k, there might not be further corrections and secondly, ATH is not met yet, so that's a great opportunity to make huge profits in the future. You might want to go with DCA and before 2 weeks, the market will fly very high thereby making you loose a good opportunity to buy at a discounted price.

This is not an investment advice as everyone has what works for them. The market is too dynamic and there are dynamic ways to make money and lose money in the industry. As old as I am, I am still making some newbie mistakes. No one knows it all, even an expert or your mentor sometimes makes some ridiculous mistakes and decisions. But what makes you the boss is standing firm to bear the consequences of your decisions, whether or not in the bull lane.

Yep, no one will know what the bottom of this adjustment will be, so planning to gradually buy Bitcoin at this point I think is quite reasonable. Bitcoin has had a long period of hot growth from the 2022 bottom price of 16k to 48k USD earlier this year. I think it has completed the first growth phase for the next 4-year cycle. From the peak price of 48k USD, Bitcoin has had a correction down to 38k USD (about 20%), which I think is enough for a short-term correction.
This is just a healthy correction for the next growth, there are many people out there waiting to buy Bitcoin at lower prices such as under 30k USD or even 20k USD. I think this is an unreasonable expectation when the Bitcoin ETF has been approved, the price is unlikely to go that deep as the demand to buy Bitcoin to secure funds is increasing. If someone is still hesitant, I think you should think again. Sometimes if you overcalculate by a few percent, you will have to pay many times more in the future.

It repeats many times in history of any market.can

We have rhythm of history because people as human don't change themselves and human instinct is the same for everyone. Very few people can change themselves from psychology, emotion to action in the market.

Because the majority can not change themselves, market will continue with its cycle and people in your example are a lot in the market. They will hope to have opportunities, ignore chances when they come and hope to get other chances. It's cycle of hope and denial.

Psychology of market cycles

Interestingly, when market prices are high, many cryptocurrency investors say the prices are too high they hope the price will go down, but if the market goes down they don't have the confidence to buy because of the panic situation in the market.
Another sad thing is that when a market crashes, only a few people talk about the benefits it brings. So I admire you for bringing up this topic.

I completed my biggest purchases in December 2022, I spent the whole year buying and accumulating, nowadays I'm just waiting for time to pass.

Today, my DCA is the money from subscription campaigns. I'm very happy with the results I've had so far and I'm very excited about the results that will come in the future, bear market, thank you for existing.

Bear market is like traveling back in time, buying bitcoins at the price they were years ago. I love these opportunities.

Yea, right, try to time the top and the bottom and eventually you'll lose in this race, because there are bigger and tougher players than you. You guys should realize that you're trying to enter a race here, but you're on foot and some guys are pro athletes, while others cheat and ride on horses

1. You don't know if there's a dip coming. Maybe it is, maybe it isn't.
2. You don't know how low it will go just as you did not know how high the ETF pump would take us.
3. If you want to buy bitcoin a 15% dip, called crash by people who don't understand bitcoin, is a great opportunity.

Bottom line, you either want bitcoin or not. If a 15% crash is too much for you to keep holding, or not enough for you to start buying, maybe you don't really want it. Just buy bonds that won't experience volatility and be happy with 5% a year.

I know that I did not expected it to go below 40k, that much is for sure. So, when I saw the price go under 39k, I started to feel like maybe I was wrong and that type of thing makes you lose your situation a bit, like you are not sure if you know what you are doing or not. You may start to even think about not having any idea what's going to happen.

Personally, I would say that it will go back beyond 40k again, and this drop is only temporary, I am pretty sure that by March or so, we are going to go up a lot, like 50k, because halving will be close and everyone will buy, so I am sensing that it will go up. Just like in 2020, when it started at 7k, reached to 3-4k levels first, then hit 10k mark and then kept going up later on.

We're still on the roller coaster, the market has never been on pump always but also dump and price corrections. Is it really the situation worth worrying about? Indeed, not surprising anymore as we have this kind of situation so many times where corrections come always after a price surge.
Instead of wondering why it has gone like this since ETF was approved, we consider the situation as another chance for us to buy more and also think that ETF couldn't assure anything nor keep the price on top. Let's wait for the halving to change the market direction and bring it back high again, I was even more convinced than ETF, honestly.

Lol, when people says that ETF will be something to bring the next bull run, then everyone is happy to see it punches itself to almost $50k. Now that the price goes on the other side and to $39k, now everyone is blaming it. I will say that we should stay calm right now, this is not the first time that we have seen the price dips before a pre-halving. Anyone forget that around March of 2020, the price nosedive to $3k and because of the pandemic, everyone panic. There were even proponents who says that bitcoin is dead. But guess what, we bounce back during the one of the worst year for everyone globally, lockdown and others, and yet we reach new all time high in 2021 when we are still in that kind of situation. So just relax everyone, as I have said, we've seen worst, just be patience and wait after the halving.

Few comments are blaming ETFs for the dump, I will like to tell you that it doesn't matter, at this point it's very expected that Bitcoin will retrace back to 3* because it always do the same, if you are good with past data you will see that Bitcoin have always do the exact same thing.

Many will say otherwise, some will say it's something else, more FUDs will be born, it doesn't matter, Bitcoin will always do what it has been doing, the answer is all in the chart already, the problem is many people aren't even aware of this fact.

This will probably be the last buying opportunity before the halving, we are still going to go side ways but by the third quarter of this year it's already over, the bulls will be strongly back and many investors will FOMO into the market like they always do, it's a God damn circle over again.

Before the cryptocurrency market turns bullish there is a downward trend which many of us may call a correction and some may call it a dip. It is also considered as an opportunity for common investors which is very important to be observed by investors. If an investor gains prior knowledge of market conditions, he can benefit by increasing his investment during this downturn.

Market decline can happen for any reason. At present, ETFs are approved, so the market is more likely to be bullish. In all these possibilities when the market goes down some investors get emotional and sell their bitcoins which helps the market go down further and at that time an experienced investor takes the opportunity. A golden opportunity to grow the portfolio quickly. The bottom line is that some are selling emotionally or to reduce risk while others are trying to capitalize on the opportunity.

Experts believe that a big dip at this time is an indication of the next strong bull run. Moreover, many investors may realize this by looking at previous patterns. But in the case of investment, the investor should invest by observing the market with his own experience and knowledge.