When to buy more? wait till 6000 or 5500?

[Victorycoin]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

No one has any idea on where or at what point would the price stop going down or reach, all the data that you see are just predictions based on educated guess nothing more, choosing when to buy is up to you if you think that the price of 6000 suits you than go ahead you can buy, but waiting for the price to reach 5500 is something that is not a certain thing, if the price goes up than you would regret not investing earlier, it is all up to you.

I agree the whole essence of technical analysis is to bring a trader or investor to the point, where he can be  able to make educated guesses about market direction and nothing says he has got to be 100% correct. Some traders especially the less experienced ones, however, often run into some hiccups in trying to interpret the information gotten from these tools.

The prediction above did not make any assertion that the $5,500 price level will be breached, rather it gave a hint that there's a possibility. Which is to say that waiting to buy precisely at that level might end up a forlorn hope, because price may as well rally from its present level to a new ATH. At that, one of the educated guesses a trader can make here to not lose out completely, is to buy some bit at current price and more, say every $500 deep, the market tests.

[1714480256]

1714480256

[tailwate07]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Bitcoin has proven every traders that each time is the right time to buy and only matters is how much are you actually ready to lose?? You might ask me why with that and what question is that.. But that’s the truth,, bitcoin or cryptocurrency as a whole is a risky investment not like in stock market.. Volatility is higher,, but the chance of profiting big is possible..

Bitcoin have reached a 20000$ peak price so waiting it to go down more will be a wise decision,, but to buy below 10000$ below in all instances is a smart investment strategy..

You can trade any time in any condition because trading is in your own hands. Buy at the price and sell at price a little bit high for profit. If you are looking for investment then select Bitcoin and buy at low price when the market is down so that you would be able to get more. Avoid buying when the market value is high because that will cost you a lot and it also depends on your ability. Sell the coins after some times in order to get profit.

[sana54210]

I think we can buy in batches now. This risk will not be great

If you are dead sure that the market value of the bitcoin will drop down to 5k $ in the coming days and that it will not increase, only then you need to wait for that time.

In my opinion, it is useless to wait as the market can change in no time and that the market value of bitcoin can increase as well in the coming days. You need to play a safe game and that you need to go for buying of the bitcoins as soon as possible.

[Ridwan Fauzi]

I am less interested in predicting bitcoin with technical data, because the source only looks at bitcoin price movement from the graph. For me to see price movements with charts not so accurate, I mean most bitcoin prices are influenced by information or news. It could be when we analyze with the data, soon there's information came and makes the price of bitcoin down then quickly the price will drop. So, I suggest to you predict bitcoin price not on data only, you should do also to predict with fundamental analys.

[Dolores99]

I think it could happen in the next 4 to 5 days, when bad news happens. The growth rate of bitcoin is slower. Recovery power is quite poor.

I placed 3 BTC buy orders on binance at $ 5600

[otundebis]

It is impossible to time the market.  I would say you should be buying every dip because that way you will not miss any bargain been made available by the market. If you are short on finding,  plan your purchase downward.

[toolucky98]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Could you provide the TA chart? or maybe the link.
Im usually just following the trendline, but i want to see your chart.

[St4yInTh3D4rk]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Don't be too greedy,just invest now is the best time to invest on crypto currencies because no one really know that price will bump or dump even for the next hours.And the technical analysis has no role in the exact price prediction,so just buy now and the price is around $6500 I think.

[Mahanton]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Technical data is great tool when we are trading but it isnt really accurate or reliable thing anytime if we do wait for the possible lowest point.Lets say its 5500 but i doubt we wont able to reach out that point or dip but well everything is possible but 6k price is a good entry point though or even we cant really that level if this price movement would stay still.As a trader having this insights would really be hard specially when you are swinging trades.

[coynedterm]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

In the field of bitcoin we can't say surely what will happen in the incoming time , but you should be careful that what is perfect time to make prediction of fall and down and in that case we can make easy profit by buy and sell of bitcoin .
In these days bitcoin's price is fluctuating between 6400$ to 6900$ easily for one value of bitcoin , so better to buy at low and sell at high .
But sometimes with this manipulation we can see another factors like negative news and another Rumours that may effect the market badly , so see that time dump to better amount to buy bitcoin.
And no doubt that in These days fluctuations in the price of the bitcoin is much , so better to buy and sell for now to get profit .

[davidroux]

in my oppinion, i will keep patient and watch the market for a few days later to choose the time to buy or the price to buy but i think that i will buy more at price less than 5500

[avenik]

If 5000 doesn´t hold, it will fall very fast to 3000.
All this followed by a quickly 100% or so gain (probably within a month or less).

Then it will be DEAD for the rest of the year.

TA cycles.

[ceferov]

The world markets & governments are still bearish on BTC. I think $6k is possible. But any good news also can pump it as hell because there are still lots of investors waiting for a good entry with their money

[feverpitch]

Better to wait until it goes 5500 or lower and start buying there , i think 6700 is expensive price to buy now
Nobody known what will be but we need think only in good things.

[Arwinkim]

Technical analysis in trading can't predict price movement precisely because price can be manipulated. It is better you buy in the range 6k - 5k.

[dzhan]

We can't expect exactly the coming BTC prices in the few next weeks and months, the actual market is going slowly up and down, and the price in general keep decreasing with time.

Until now there are no strong signs that the price will go up highly in the few weeks at least. But it is always good time to buy, especially if you look to hold for long term.

[coinsocieties]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

I dong think if bitcoin will goes down again to 5000$ maybe bitcoin got a stable price at 6000$ to 7000$ amd later soon goes up to 20,000$ again before the end of this year so hold and wait for a good chance to sell later.

[avenik]

That logic tough.


We are in the trading section right?
I wonder how do you trade AT ALL if not with the help of TA.

[ss890]

Technical data hints that it can go down to 6000 or 5500 level.
What do you think?

Dont you think its really late to ask such question. I mean we have already entered into the Q2 of the 2018 and its been four months since bitcoin has been down. The time to buy bitcoin has already passed away and if you keep asking and waste your time in that then I am pretty sure you will regret the whole situation later on. Bitcoin has become very strong point now and everyone is already taking the opportunity to buy more and more coins. This means new spikes will start arising around the crypto and you may not see the 6K or 5k prices again real soon.

[mauriek]

in my oppinion, i will keep patient and watch the market for a few days later to choose the time to buy or the price to buy but i think that i will buy more at price less than 5500

Yes I think the price is going to be like that, would be less than 5500, I personally
I want to buy it when the price comes down at 5000, so I thought I should wait for the price down like that.