Bitcoin's sideways adjustment, can you still chase up and buy more now?

[TravelMug]

The market shows a continuous pump lately and it was expected to keep that momentum for a few more days (hoping it will last longer). But this time, ain't that good to invest in just for me, maybe the others could be but the risk is too high. I have to wait for a few corrections before buying when it reaches $50k again. I'm not sure how long it takes but I'm still being patient to wait.
There is no perfect time when to buy but with the help of the market chart, we can decide when.

Hopefully there will be a correction, but not upon reaching $60k or new all time high.

So it might be late if we keep on waiting for at least $50k dump, because even in this weekends the price or at least the volume is still high. Usually in weekends, we see the volume someone weak as compare to weekdays. But this time, it's different, US and Asia timezone still trade at this rest days.

Anyhow, I'm seeing a continuous bullish sentiments up to the next big psychological barrier of $60k.

[tbct_mt2]

The market shows a continuous pump lately and it was expected to keep that momentum for a few more days (hoping it will last longer). But this time, ain't that good to invest in just for me, maybe the others could be but the risk is too high. I have to wait for a few corrections before buying when it reaches $50k again. I'm not sure how long it takes but I'm still being patient to wait.
There is no perfect time when to buy but with the help of the market chart, we can decide when.

Another correction to $50k or even deeper to $48k would be very great for Bitcoin. It will be the test from whales before they pump Bitcoin to the $64k area. After the $64k, we will see a new sky with a new parabolic growth of Bitcoin.

So it might be late if we keep on waiting for at least $50k dump, because even in this weekends the price or at least the volume is still high. Usually in weekends, we see the volume someone weak as compare to weekdays. But this time, it's different, US and Asia timezone still trade at this rest days.

The supply on the market, on exchange is keep falling and it results in a supply shock. Supply shock in turn will cause a positive sentiment and the market will move up.

If we don't see any abnormal movement in this bull run, Bitcoin will have to move up in October and November. If history repeats and if on-chain analysis remains to have its value. I don't see either of them will fail in this bull run.

Bitcoin will make a new all time high and if you wait for a new all time high, let's prepare your psychology as strong as possible for any fast dump in coming weeks.

[LUCKMCFLY]

I think that each person has a way of seeing the market and it is respectable, for me in this case if the BTC is below its last ATH which was $ 64k, then it is the ideal time to buy, the reason is simple, I know that the BTC will go up to $ 64k, and if I bought below that price I am already winning, it is most likely that when it reaches that ATH it will give another bullish turn and from then on everything is positive.

When I do not recommend buying, it is when there are new highs, it is a great risk, and as an example is when in 2017-2018 it reached its peak, it was in the Distribution phase and many people did not know it and bought at $ 20k and then saw how all their investment collapsed, but by the very nature of the market.

[buwaytress]

Round numbers definitely do have a meaning, we had the same thing during 10k where it took us so many times to try and go above then we dropped below and repeated that action multiple times. We had the same thing with 20k, and 30k, I am not sure with 40k, I feel like we went over 40k like it was nothing so I can't say 40k was cared at all, then we had it with 50k recently for the past 2 months or even 3 if you count the very early period. Now we can say 64k ATH was seen and dropped under 60k and consider that, but it happened just that one time and not a repeated situation so I can't say much about it.

Yeah. When I sauntered in properly on my second coming in 2016 (I initially looked up Bitcoin around 2013 but only for research and some news story, which I admit though I wrote fairly objectively I personally viewed with such skepticism it would take 3 years and an accident for me to really come back to it!), everyone was talking about how cool it'd be if Bitcoin would hit 1000 again, just one more time. No one talked about how it would blast past its old ATH if it did, just about 1000 being the "end game".

10 and 20k yep! And it wasn't that no one cared about 40k either (and it has served recently as a logical support), it's just that in a rally, milestones are tough to identify or pause for.

See you at big round 100k eh?