Buy BTC now at 565€, good idea ?

[AFox]

Hi,

Do you think it's a good idea to buy BTC at 565€ ?

Thanks,
AFox

[1714115843]

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[1714115843]

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[1714115843]

1714115843

[MatTheCat]

Hi,

Do you think it's a good idea to buy BTC at 565€ ?

Thanks,
AFox

If you are looking for a short term trough-peak trade, perhaps. If you are looking to buy and hold for the long term, then it would be a terrible idea.

EDIT: No, a terrible idea. 565 EUR is way over BTC spot.

[chessnut]

Hi,

Do you think it's a good idea to buy BTC at 565€ ?

Thanks,
AFox

I wouldnt say terrible for buy and hold, but it certainly has the potential to go lower at this point. dont buy now. ask again later =P

[TERA]

Its most likely going down in a series of waves like in june and this was the first or second one. If you want an aggressive strategy to try to catch the bottom, just buy and sell every 4 hour macd cross. Eventually one of them will be the bottom. If you want less involvement and less profit, use the 1 day macd. Or if you just want a one shot one kill approach with the least amount of profit, use the 1 week macd.

[Ibian]

What is this macd people keep mentioning? Is it a burger index of some sort?

[Alonzo Ewing]

What is this macd people keep mentioning? Is it a burger index of some sort?

Yes, it's the number of Big Macs a bitcoin can buy at any given price.

[TERA]

^ when it crosses above or below the number of double whoppers a bitcoin can buy then the signal is confirmed.

[goxed]

put in some fishing lines at various depths until 100€,