When to buy more? wait till 6000 or 5500?

[Kingofbitcoin12345]

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..

[BitHodler]

I am going to buy bitcoin if it breaks out $8000, but for the short term. I don't want to hold bitcoin for the long term, other coins have more potential compared to bitcoin. It will be underperformer.

More potential in terms of gains, but there is nothing that comes even close to Bitcoin in all aspects. Altcoins do offer a higher potential return, but that higher return comes with a higher risk as well, don't forget that.

The thing with altcoins is that they are pretty bad long term investments, especially in terms of their BTC ratio. While last year alts managed to reach all time high levels, their BTC ratio was still lagging behind.

People believing that technical analysis tells them that we're heading towards sub $6000 levels put too much faith in statistics not holding any value, just like how these statistics didn't hold any value last year.

I wish I had some free capital left to buy with, but will have to wait till the end of the month. I do have money left, but that's not meant to invest with, so I don't. Patience is a great characteristic of myself, which comes handy here.

[buwaytress]

Just as I thought most of us had run out of capital, here I see others happily entering a buying glut. Just read as well that Localbitcoins ia experiencing record volumes in several countries too... Which is a good sign as that was exactly what happened in late 2016. Local buying appetite in southeast Asia then, helping fuel the 2017 boom.

Buying like horny teens eh? If the volumes on coinmarketcap exchanges aren't picking these up, maybe there's still a lot of life in p2p and otc, after all.

Exactly! It has a lot to do with the taxes. With the deadline coming in and the governments waking up to the possibility of cashing in, people are overreacting and trying to disappear with their coins. On top of that some governments have taken a scarry approach. I've recently read about the tax office in Poland that is trying to extort user data from their local exchanges. They demand them to hand over not only their user's trade history but also their crypto addresses and want everyone to pay 1% tax on every trade This is probably the biggest extortion attempt in the history of cryptocurrencies right after the police in Venezuela stealing crypto miners from people to mine for themselves.
P2P exchanges and local cash trades are going to become huge in some countries.

Actually, I was a little surprised at the tax news and am not sure if it's at all to blame. IRS has been pursuing this at least since last year, so any serious holders would have been well aware even before the reminder issued last month, on a ruling already installed since 2014. But I suppose the impending threat of enforcement would have sent jitters through some who thought IRS wasn't going to be serious.

I don't believe in states controlling my money, but I have some faith in fair taxation, especially in developed nations. But agree that some of the more recent attempts to squeeze revenue from exchanges have been really unfair and discriminatory. Instead of applauding these guys for adopting tech, they're being punished as criminals.

[Jones chen]

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

[manismanja]

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

I think you can buy more waiting at the price of $ 5000 back because I think it is a position to buy the best, if you want to buy at the current price seems too risky.

[bozo333]

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

If you believe the bitcoin buy it know or if you think it will go down in 5500 level you should wait. But it will reach in 5500 we don't predict the future of Bitcoin. So better buy it know or choose some other altcoins. Most of the experts the future possibilities of bitcoin this will going to moon in June or July we should wait for two months it will reach more than 15k USD in crypto market.

[OPEXDECAPEX]

most of the alt coins track the price of BTC or ETH,  with BTC dominance coming back, holding BTC is still a better choice than alt coins.

[--DarkSecrets--]

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

If you use fibonacci you will see that it will be possible just one big FuD again and it will happen. For this it is more better to move it to speculation discussion so you will find some other options in that price. If you would ask me i will set some amounts on both price to have a good average entry in case if will not hit the other one.

[Ewox]

I think it is possible to reach these amounts you’ve mentioned so since the prices vary a little, I think it would be best to just set your buy order to these two amounts. At least it would be divided instead of placing all eggs in one basket.

[Leonard2016]

Market seems bullish now , hits 7000$ and on the way to 10000$ soon , has a resistance in that point , mostly mentally as fibo analysis says , we are hope it can breaks it , or it gets back again!

[wildflower18]

most of the alt coins track the price of BTC or ETH,  with BTC dominance coming back, holding BTC is still a better choice than alt coins.

Well, so hard to predict the resistance level during this time. Yes holding btc than altcoin is better indeed because of the huge capability to grow the price this year. Moreover, buy some while price is good to enter.

[Shenzou]

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.

[Eto Yeti]

if there is 5500, there will be 4000, so we obviously do not need it !!))

[caloy06]

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

I think, 5500 it is good to buy because, if the value of a bitcoin or a coin is down thats nice and great until you  have a permanent job it is good using trading to buy for extra income or extra salary. Give time patience using trading because, if the value of a coin is increase it is great for you to increase your buy a coin and get a lot of money.

[Jaycee99]

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

Well that is you to you OP you can not really tell how it will go down Study past history try to guess if its going down there is a thing called parttern here that is what I do to see how it will go.

Why not buy today who know it will good up that worth 6,000 level is enough for for me because I believe in bitcoin that bitcoin well not go low as possible of worth 3,000 level but it is really enough when it is in the 5000-6000 level that good enough for me. Still I would be going with the 6000 level.

5000 or 6000 level you can still increase more mone, more worth of bitcoin.
_________

Here if you want to know if yiu have seen the charts of the market you should have already seen the campaign stick if it is down it has the possibility of going down and the same time the opposite is the candle stick is up it has the possibility of increasing.

[hurry_hore]

Analyzing a market technically can be carried out by many method and indicators. One traders with others perhaps will have different conclusion, but usually there will be a similar conclusion to drive the price movement. As this crypto is independence from any government, it will fully rely on the market. This is the dangerous of fully relying on the market as there probably someone or a group who can control the price.
Regarding the value of support as intended by the poster, there will be several support either resistance. Then no wonder if someone says that support 1 is 7000 and support 2 is 5500 and perhaps support 3 is 4000. This support will indicates the price to be reversed in trend or continue current trend. I think current support of bitcoin is relying between 6500 and 7000 as I just see a glance of bitcoin chart then the support is said in range. If bitcoin break 6500, the price will continue to bearish then that is not good time to buy. But if bitcoin price break 7000, it is good time to buy as the probability to reverse into price up is high.

[sujonali1819]

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

I think under $6000 will come or may be very near to 5000$.ACtually, no one can surely predict about btc price. so I heard and I also research that it will be under 6000 $. thanks

[makolz26]

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

I think under $6000 will come or may be very near to 5000$.ACtually, no one can surely predict about btc price. so I heard and I also research that it will be under 6000 $. thanks

I am one of the person who stays positive all the time, so whenever I am buying bitcoin I am relying on just the current price I don't wait for the price to go down more as I am expecting it to rise as soon as possible and not hoping to go down for me to buy bitcoin, so buy at your own risk don't wait and hope for the price to go down.

[bitcoinisbest]

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

I think under $6000 will come or may be very near to 5000$.ACtually, no one can surely predict about btc price. so I heard and I also research that it will be under 6000 $. thanks

BTC has reached 7k and with your anticipation of keep falling ensure you but at this time see even you will miss out this ride and will miss to make money as well. So do not wait for too long that btc will fall it might not happen.

[miyaka26]

if there is 5500, there will be 4000, so we obviously do not need it !!))

How can you surely say that it will even go further down below 6000 dollars? technical analysis is not 100% accurate to base your actions on it though it may help to your decisions and strategy it is not recommended to fully submit your conclusion to analysis, the market is very unpredictable it is hard to pinpoint the exact turn over of the price as it may go down or up anytime without further notice, if bitcoin will go for that pricing then that would be feast for discounted price.