Topic: What is your new entry point? - page 3. (Read 496 times)

why would you say we're already in a bull market? all the lower highs and lower lows? the utter lack of buyers?
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Were you are around when btc pumped Thanksgiving 2015 from $200s to high $400s in then dumped back to low $300s then became steady in $300s? this all happened in like a fucking day, and in hindsight was clearly the  start of a bull market. What's happening now? I agree with not.
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These were happy days:)

2700 is my choice, 2500 to be more accurate but it's not in the options. If bears manage to break the 3400-3200 barrier and prices went down to 2500-2700 for a weeks or more, I would buy 3 more bitcoins. I'm ready to try another game - if bitcoin fall under 2700, ether will take ever harder hit and I will jump there 1000% because it will recover faster than BTC.

Were you are around when btc pumped Thanksgiving 2015 from $200s to high $400s in then dumped back to low $300s then became steady in $300s? this all happened in like a fucking day, and in hindsight was clearly the  start of a bull market. What's happening now? I agree with not.

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Patience! Between June and early November 2018, there were no new lows. But the price suddenly crashed anyway.

We need more than just a month or two without crashing. We need a bullish price structure; we need buyers pushing the price up to new highs. In July 2015, we broke the bearish structure with a higher high (1-week candlesticks). The bull market was confirmed in the following October with another high.

That's the type of action we need to confirm the end of the bear market, which is why people say you can only see the bottom in hindsight. Otherwise, the bottom could be $2,700. Or $1,800. Or $20. Or $0.......
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I got that, but I don't like that if I can confirm the bottom only 6 months later by the time of the confirmation it is already too late;)

Patience! Between June and early November 2018, there were no new lows. But the price suddenly crashed anyway.

We need more than just a month or two without crashing. We need a bullish price structure; we need buyers pushing the price up to new highs. In July 2015, we broke the bearish structure with a higher high (1-week candlesticks). The bull market was confirmed in the following October with another high.

That's the type of action we need to confirm the end of the bear market, which is why people say you can only see the bottom in hindsight. Otherwise, the bottom could be $2,700. Or $1,800. Or $20. Or $0.......

What was the situation in 2015 mid August- October? I did enter first into the market around late February , early march 2018. At the worst possible time:)

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Changing your own strategy just because you will read some majority of suggestions will just make you more confused. Not all trading experts, charts professionals, crypto price watchers surely will post here.

At least try to trust your own judgement and ability to make a certain strategy. This is how it goes, with the current price rate, everyone will say they consider the level as new entry point because judging the price behaviour in a while, the price didn't move that much. But other speculators is seeing the price will goes down more since they have their own analyzation.

Now who will you believed? Are these speculators does have a good analyzation. Let's say yes but how come can it happen? What's the percentage? When it will happen?

What Im trying to say here is, you can have all the speculations as reference but not to the point that you rely on it.

If I say my new entry point is $4,500 will you consider that? Make sense mate.
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Thanks. Well it is an interesting and important data this poll result for me. 4500$ would mean that we got a little mini bull run and you would re-enter into the market due to Fomo and that point would be 4500$. This is what I meant under 4500$. I have already invested a lot at much higher price points as well..........So I am pretty happy if this will just skyrocket without any further dip.

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Seeking for others advice is good but you still need to do some deep research before you can really rely on the result because we are talking about investment and a slightly mistake in crypto can cause you a fortune.
With that been said, I dont see any reason for the market to dip below the previous bottom price because the market look strengthen and resisting to dip in price. Besides, the market look green today and with this bull run can happen i.e if the market continue resist the dip in price.
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Thanks. I do hope that the market will continue to resist to this mega dip. I have already invested a lot. I have done lot's DCA during the whole bear market, so this experience cost me already £40k already.

why would you say we're already in a bull market? all the lower highs and lower lows? the utter lack of buyers?
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We haven't seen new lower lows. 3120 $ still holds. So far so good 2700$ leads:) Hopefully we will skyrocket from here and we won't see 2700$. I want to see bullish price action too trust me!:)

If we hit the low $2,000s or upper $1,000s I'll definitely close any open shorts, and I won't be looking to reopen them for a while. I don't intend to put any more fiat into the market, so that's the closest I'll get to buying into a crash.

As far as accumulation goes, I'd rather wait until the end stages of an accumulation phase (several months down the road). The highest risk/reward entry of 2015 was in mid August - mid October. In mid August, we saw a clear bear failure and spring-like action. It was a clear buy. That's what I'd like to see before putting new money in, or switching my trading bias to the long side.

Really? So you're just gonna trust a bunch of random users on the internet? You're gonna leave you're strategy entirely on the hands of complete strangers instead of doing your own research? That doesn't sound like a smart idea.

I would go with 2700. 4.5k is just too much, especially when you have the chance of simply buying right now, the price going to 4500 means that we would break the previous resistance level at around 4.1k, and at that point, we could go even higher (who knows, maybe it means a reversal?) so you'd be fomo buying to not miss the train. I doubt we'll see 1800 or sub 2k ever again, same with 3-digit figures like 800, and $20 is just absurd tbh.

So 2700 is probably the best choice from the options in the poll. A lof of people still believe that we could go further down to finally find the real bottom so, if we go sub 3k, I would probably set some orders around 2.7k

Changing your own strategy just because you will read some majority of suggestions will just make you more confused. Not all trading experts, charts professionals, crypto price watchers surely will post here.

At least try to trust your own judgement and ability to make a certain strategy. This is how it goes, with the current price rate, everyone will say they consider the level as new entry point because judging the price behaviour in a while, the price didn't move that much. But other speculators is seeing the price will goes down more since they have their own analyzation.

Now who will you believed? Are these speculators does have a good analyzation. Let's say yes but how come can it happen? What's the percentage? When it will happen?

What Im trying to say here is, you can have all the speculations as reference but not to the point that you rely on it.

If I say my new entry point is $4,500 will you consider that? Make sense mate.

Seeking for others advice is good but you still need to do some deep research before you can really rely on the result because we are talking about investment and a slightly mistake in crypto can cause you a fortune.
With that been said, I dont see any reason for the market to dip below the previous bottom price because the market look strengthen and resisting to dip in price. Besides, the market look green today and with this bull run can happen i.e if the market continue resist the dip in price.

you should seriously reconsider that. aligning your trades with random poll results sounds like a great way to lose money.

i'm not reentering longs based on reaching a price level. i want to see bullish price action. i want to see a classic market reversal. i don't mind buying higher; the risk of trading either direction is pretty big right now.


why would you say we're already in a bull market? all the lower highs and lower lows? the utter lack of buyers?

I've voted $2700, I don't think we can go lower than done. It's going to be lots of temptation as well for newbie investors to enter the market again once they see this price. It's so cheap and you don't even have to bought 1 BTC right away. You can try small portions but it will be huge when the price starts to pick up in the 5 digit mark.

$2700, as $800 seem to be a bit too extreme for the current market conditions, though even the former seem to be somewhat far-fetched today. Right now, I'm commencing my buys whenever the price reaches $3300, just to at least average down my buys which started @ $6000 at the latter part of 2018. It's a pain, I know, but somehow I still believe that this market will still recover. Whenever I have the spare cash, I buy, I hold and just hope for the best.

I have placed two buying other base on what happened.  One of the other is around $2800 and the second is when bitcoin break $3700 again as it has tried several times last month to recover above that level.  I think we are the time that we expect any of this two things to happen and that was either we go up or price crash down any of this is expected to happen.  Investors are also waiting for this to happen.

I started accumulating as soon as it dropped under $4000, and have been buying regularly ever since. Anything under $4000 is an amazing buy. No point in trying to get lucky and hope it hits some specific price which may never happen and then you miss out on the bottom. Buy now, buy often, and keep buying while its scraping along the bottom like this which will likely continue for months to come.

Buying any price now is all I can do. Will be incredible to see sub-1k, given that this was how it was when I first got in (2016). $800 would be more than 4x Bitcoin if buying today. Of course, I'll be spending more than 4x as much too... $800 would be disappointment, but far, far from disaster.


Oh don't worry, it's when people are devastated and the entire market is worried if Bitcoin will live and survive, that we can start looking up. I'm still waiting for people to actually give up, it's happening, but Bitcoin people are merely decimated now. We really want them to go into hiding first, then we can start rubbing hands with proverbial glee.

I hope so. I hope we won't see that. That would be absolutely devastating. Thanks for your vote anyway.