When viewing these dips we must consider the quality of money that is now selling. A large part of activity on any market is 'hot money' which must sell as it is borrowed and cannot simply hold onto a price move which has gone against that bet.
There is some leverage in Bitcoin due to its rapid rise and quick returns, this encourages people to leverage their gains far past what they would receive just using their own money. So every dip is forced selling to some extent, its impossible to tell for sure when the price falls where it may stop. The more predictable line is very much slower rise of the long term pricing for Bitcoin which is in time with the halvening to block rewards.
Since the pace of that move is over a year away I think there is still plenty time to average in prices each month rather then expect any last dip to occur right now. The hot money makes spike up and down and the slow money is the average curve where truely buying occurs for holding not trading as much.
Topic: This Is Your Last Chance to Buy the Dip Before Bitcoin Pierces $20,000 - page 3. (Read 649 times)
July 02, 2019, 01:56:43 PM
July 02, 2019, 01:40:21 PM
Where's the bottom of the dip? 
The $9,650 area wasn't on my radar as a key reversal level. Strong bounce here but for me, this is no man's land. I don't see a high probability bullish structure to buy yet and we didn't reach any of my knife catching levels. The current price action is inconclusive for me. Still waiting for the next big swing trade after buying the $10,500 area and selling the bounce last week.
The $9,650 area wasn't on my radar as a key reversal level. Strong bounce here but for me, this is no man's land. I don't see a high probability bullish structure to buy yet and we didn't reach any of my knife catching levels. The current price action is inconclusive for me. Still waiting for the next big swing trade after buying the $10,500 area and selling the bounce last week.
July 02, 2019, 12:20:35 PM
See OP,
I really liked your suggestion.
But according to me the BTC price can't be predicted.
Usually the Price depends on the marketcap or trading volume.
When this increases the price also increases. And when it decreases the price too does the same.
So if you are ready to bear losses, you can take risk and buy btc, else who knows when will btc fall down.
Good luck to us.
I really liked your suggestion.
But according to me the BTC price can't be predicted.
Usually the Price depends on the marketcap or trading volume.
When this increases the price also increases. And when it decreases the price too does the same.
So if you are ready to bear losses, you can take risk and buy btc, else who knows when will btc fall down.
Good luck to us.
July 02, 2019, 12:08:04 PM
if most people used these "last chances" to "buy the dips" then we would have never seen all those big FOMO buys where they panic and start pouring their money in after the price had gone up a lot.
Bitcoin Price Could Sink to $7,400 as Traders Secure Profits
well you were all saying the same thing when price was in the $3k range. everywhere you looked some yellow website was predicting $1000 with their wedges and all the lines they drew on the charts July 02, 2019, 11:20:57 AM
So you think that we already in the bottom of this run?
In my opinion, we are going to hit another low around 8k before bouncing back again. There are many people who wait 14k to exit the market, we saw that when the price nearly touched that level.
In my opinion, we are going to hit another low around 8k before bouncing back again. There are many people who wait 14k to exit the market, we saw that when the price nearly touched that level.
July 02, 2019, 10:26:32 AM
In early May, we accurately predicted that bitcoin would trade above $11,500 before the end of 2019. The leading cryptocurrency breached that level last month, recording a fresh yearly high above $13,000. Since then, BTC has been correcting and is back trading near $10,000.
Read more : https://paperblockchain.com/this-is-your-last-chance-to-buy-the-dip-before-bitcoin-pierces-20000/
Read more : https://paperblockchain.com/this-is-your-last-chance-to-buy-the-dip-before-bitcoin-pierces-20000/
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