How low will BTC go so I can buy more? How to gauge the bottom?

[relentless1]

Hello all,

I want to buy more but at a lower price. What is a technique or a way to guesstimate the bottom or near the bottom?

In forex and stocks they talk about "support levels", does such a thing exist in BTC where you can see where the orders are open in mass, to then know that this is where the traders are buying back in?

Thanks

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[caravel]

You can tell the bottom by when the descending price trend starts to slow down.
It's as simple as that. Also, support levels do exist in BTC, you just got to check the main BTC markets.

[Flash86]

I sold all now, will buy back lower.
I hope it is the right desicion.
China is the biggest BTC market and I think the BTC price will go to 3000$, maybe it goes much lower.

[TropicalDog17]

I am holding plenty of altcoins so i think it's right time to move all my money to bitcoin. I still believe that BTC's price will go up soon, so i suggest all of you should buy more and more.

[thoham]

Bitcoin's price is not going down then 3k$ , so i think you should buy as much as you can in case Bitcoin really get to the price 3k$ .

[13abyknight]

Judging by the current state of the market, it is becoming hard to call the lower threshold mark although I predict it go down to around $3000. It all depends on traders' personal decisions and opinions to hold or to sell and as always, the panic sellers are the ones to be incurring loss having sold in the dip. Those who believe Bitcoin will rebound back from all the so called 'bubble' accusations are the ones holding onto their coins while those who are being pushed a step back by all the FUDs are the ones panic selling in the current situation.

[BitcoinExpart]

I bought yesterday, today and will buy onward. Actually, there no particular date to store your wallet. Better take advance this manipulation and buy as much as you can. No can can stop Bitcoin.

[Taskford]

I think the best buying price is around $3,000 because i think that is how far will bitcoin go so you can buy at a good price deal and if you will buy at that price and see that the price is still dumping then just hold it because the market will get good again sooner than later.

[audaciousbeing]

Judging by the current state of the market, it is becoming hard to call the lower threshold mark although I predict it go down to around $3000. It all depends on traders' personal decisions and opinions to hold or to sell and as always, the panic sellers are the ones to be incurring loss having sold in the dip. Those who believe Bitcoin will rebound back from all the so called 'bubble' accusations are the ones holding onto their coins while those who are being pushed a step back by all the FUDs are the ones panic selling in the current situation.

I must confess this is one for the trying period of bitcoin that I have seen since the beginning of my foray into cryptos and its really difficult to know how low it go, but at the same time its all good because it has change the story from some forces are forcing it up by pumping to the situation where a news of September ending is attached to what we are facing now.

I am still optimistic that the price will bounce back to what we all wanted in due time. For me, I am holding and nothing is making me sell at this time and I guess the Chinese should start knowing that now.

[Slow death]

I want to buy more but at a lower price. What is a technique or a way to guesstimate the bottom or near the bottom?

you only have to study technical analysis ( know about reversal of high and low trends) bitcoin also has support zone and  resistance zone

now is a good opportunity for you to buy as many bitcoins as you can, the markets will recover from December.

[agustina2]

Judging by the current state of the market, it is becoming hard to call the lower threshold mark although I predict it go down to around $3000. It all depends on traders' personal decisions and opinions to hold or to sell and as always, the panic sellers are the ones to be incurring loss having sold in the dip. Those who believe Bitcoin will rebound back from all the so called 'bubble' accusations are the ones holding onto their coins while those who are being pushed a step back by all the FUDs are the ones panic selling in the current situation.

I must confess this is one for the trying period of bitcoin that I have seen since the beginning of my foray into cryptos and its really difficult to know how low it go, but at the same time its all good because it has change the story from some forces are forcing it up by pumping to the situation where a news of September ending is attached to what we are facing now.

I am still optimistic that the price will bounce back to what we all wanted in due time. For me, I am holding and nothing is making me sell at this time and I guess the Chinese should start knowing that now.

Im optimistic and positive too since we have basis to claimed for that.

Bitcoin price experienced lots of downfalls already and still current price is a good price for me. I started in bitcoin when the price is playing at $200 level (post MT GOX era) and back then reaching $300 is an achievement. But now we are on around $3,000 to $4,000 so just imagined how lucky we are that we are on this level. Negative news always there but still time for getting up again is always possible.

[Karmakid]

I think no one could really know how low will bitcoin price drop,
There is no guarantee on how long it will drop.

[Quidat]

Hello all,

I want to buy more but at a lower price. What is a technique or a way to guesstimate the bottom or near the bottom?

In forex and stocks they talk about "support levels", does such a thing exist in BTC where you can see where the orders are open in mass, to then know that this is where the traders are buying back in?

Thanks

Yes it does still applied on bitcoin market too on which you would able to determine the support levels on bitcoins price.When you do tend to make use of technical analysis I can see the lowest possible price point is between 3100-3300 but still not sure if prices would follow on that one because cryptomarket volatility is very unpredictable unlike on forex market which it is somehow manageable when using TA but here on crypto sometimes they work sometimes theyre not.

[okissabam]

No one I think could tell how low will BTC go although some might be able to speculate around how much it'll go down more. I still think bitcoin will still go down tomorrow and might try to recover on the weekend. I hope I'm right but if not then I think I really need to read a lot more on how to read charts.

[omonuyak]

The support level really exist In bitcoin and cryptocurrency markets, aq especially if you understand how support and resistance work in stock or forex market. We can really see that the next bottom is around $3000 support level and at this area I think the historical percentage of bitcoin's price dumb will be achieved. You can use 200ma support level to really enter at the right time and you should not try to even buy at this level until the price test it several times and sustain.

[BUK2016]

As at the time bitcoin price break through $3,000 there was no resistance, and that make me believe that the current decline may move below $3,000. This is because there is no form of purport sign at that level, except if there is a positive news to move the market in a positive direction.

[harizen]

Hello all,

I want to buy more but at a lower price. What is a technique or a way to guesstimate the bottom or near the bottom?

In forex and stocks they talk about "support levels", does such a thing exist in BTC where you can see where the orders are open in mass, to then know that this is where the traders are buying back in?

Thanks

There is no technique but forming a strategy out from anticipation. Most traders do some own analyzation before deciding on what price level they should buy.

We can't called a price as bottom in just a short period of time since it can be spoiled of whatever FUD that will happened on the way. If you know what will be some of the output once you buy at the current price, win or loss, then you can consider buying now.

[OhTheFuture]

Listen to the "hero" and "legend" staff comments.  I am a "newbie" on here, but do know enough and have the experience to comment on this. A "-16%" (now -"14%", at time of writing) drop is laughable and a giant "FOR SALE" sign.  Personally, I have been waiting for a drop like this for a minute to get more BTC.

You cannot stop it. BTC is here to stay.

Anything, under 3900 is happily bought. under 3500, buy. IF it hits 3000, I'd buy there but watch closely. Keep in mind that while this red downward drop is going on, right below it is the "volume" where BTC is being bought like freaking Oxycontin in 2002.

BUY & HOLD. Anything under $4000 is great.

[HeRetiK]

Hello all,

I want to buy more but at a lower price. What is a technique or a way to guesstimate the bottom or near the bottom?

In forex and stocks they talk about "support levels", does such a thing exist in BTC where you can see where the orders are open in mass, to then know that this is where the traders are buying back in?

Thanks

Usually support / resistance levels are a fairly good indicator, but right now the CNY / BTC exchange rate is heavily dragging Bitcoin down. USD 3k,- should offer some resistance, but I guess it will largely depend on whether the CNY / BTC to USD / BTC gap gets closed (or at least diminished). CNY / BTC went down as far as USD 2.2k,- today. So while I don't expect USD / BTC to reach this level it should give you a feel of the market misbalance right now.

Ignore the order books though, those buy and sell walls usually mean squat.

[ccccccc7]

2800 usd I guess.