I didn't understand in past but now I think its best to not wait a lot while accumulated Bitcoin. Best thing to do is to lower your average cost by buying in bulks. You may define a point to start buying. I personally see that point around 20-23k levels. I see 18k as real dip but its dangerous to wait for it. I would rather start buying at 24-23k levels to be ready when Bitcoin rally restarts. I think it will start soon probably in October or November or December at max.
I agree that waiting for the $ 18k figure is quite dangerous, even though it is technically seen potential but the market may never touch the number again, by some positive sentiment of Bitcoin which makes it rise briefly, and if waiting for that number we will lose the opportunity Buy Bitcoin at the current price.
The logic that I use to buy Bitcoin, as long as the price is still below the 200 WMA line, continue the average cost on a large scale, but only for the time period of Q4 this year.
You don't wait for dumping at all, you buy now. Because the value of Bitcoin is now completely at hand. Its price is now 26k. Bitcoin bull market can start anytime. And it will suddenly be out of reach. Because Bitcoin's value will increase very quickly in the next bull market. And it can happen at any time. So you don't wait for dumping, you buy now. This is the best time to buy Bitcoin.
There are two types of buyers who very often enter and appear on the market in any market condition and you also have to understand this because not everyone wants to think that the current price is low. If someone is buying for long-term investment purposes, perhaps he will not consider the current price as much because he will be saving for the long term.
But for traders who like to take short-term profits with certain amounts that may not be that much, they will always consider lower prices with the patience they have. Although sometimes traders who are tired of waiting for low prices will also buy at the current price even though they will not change their goals which only focus on short-term profits.
You see it clearly and it's true, investors who have long-term goals in investing in Bitcoin, they do not care about the current price, because overall Bitcoin is still far from ATH which was last once made by Bitcoin, and on average from them more look that direction. While investors who have short jagka, they count a lot and see a variety of potentials, which aims to get a near -term profit, strategies in purchases may be very similar but through different approaches and goals.