Wind_FURY (OP)
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July 28, 2019, 08:07:17 AM |
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I suspect buyers haven't had their last shot at 4-digits, but I could be wrong.
We'll see it by Monday if we'll go back to 4 digs. Looks like we only had to wait another 30 minutes after your post! Brutally fast dump down to $9,400. I suspect we're in for a revisit to $9,000 over the next 24 hours or so. Let's see if bulls can hold the line or not. Or it might be the last time we're given this opportunity to accumulate more below $10,000. I said the same below $5,000, which I don't believe we'll see again.
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passwordnow
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July 28, 2019, 02:34:14 PM |
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I suspect buyers haven't had their last shot at 4-digits, but I could be wrong.
We'll see it by Monday if we'll go back to 4 digs. Looks like we only had to wait another 30 minutes after your post! Brutally fast dump down to $9,400. I suspect we're in for a revisit to $9,000 over the next 24 hours or so. Let's see if bulls can hold the line or not. Or it might be the last time we're given this opportunity to accumulate more below $10,000. I said the same below $5,000, which I don't believe we'll see again. I hope that it will be the last time to see this price but I won't feel disappointed if we ever see some corrections again. whales are locking in more bagholders. price is quietly down about 30% or $4000 over the last 17 days let that set in. imo the price could retrace back down to $5800 very easily. If people are looking to buy the dips, I would only buy at every $1000 dip price point. So buy at $8500, $7500, $6500 etc or not buy again until price is over $13500 and on the way to a new ath.
Those prices for reentry is looking good and I said that I wouldn't get in for this moment and waiting for those price dips that you mentioned.
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exstasie
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Any insights what's the reason for this quick crash?
The primary reason is usually price action. It was a classic "failure to launch" scenario. Failure to launch = safe to dump. On the hourly time frame and below, we formed a strong reversal candle and higher high. Aggressive/FOMO traders thought this would create a trend change, but nobody was willing to keep buying above the $10,200 resistance. At the 4-hour time frame, there was no breakout at all. It's important to note where price doesn't want to go. Clearly price did not want to go up. Once that fact became very obvious, sellers began front running the next leg of the crash.
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Hypnosis00
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July 28, 2019, 11:54:01 PM |
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Buy every dip and sell it when it goes high? Well, it is something manageable but somehow we look also the market trend and not just of the price itself. It gonna be a big loss in our part if we keep buying during the dip and never have any returns after then. We should be smart in making decisions and to understand what was the market did.
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mirakal
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July 28, 2019, 11:58:19 PM |
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Buy every dip and sell it when it goes high? Well, it is something manageable but somehow we look also the market trend and not just of the price itself. It gonna be a big loss in our part if we keep buying during the dip and never have any returns after then. We should be smart in making decisions and to understand what was the market did.
We can have a return because the market is volatile, whether you are for short term or long term as long as you are having a target which is realistic, you'll surely get some good ROI. I'd give an example, this year, the dip was $3500 more or less and price of BTC goes as high as $14K IIRC, and if you sell that time, that would make you so profitable, and even if you failed to sell and decide to sell now, that's still a profit.
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Wind_FURY (OP)
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July 29, 2019, 11:08:33 AM |
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Any insights what's the reason for this quick crash?
The primary reason is usually price action. It was a classic "failure to launch" scenario. Failure to launch = safe to dump. On the hourly time frame and below, we formed a strong reversal candle and higher high. Aggressive/FOMO traders thought this would create a trend change, but nobody was willing to keep buying above the $10,200 resistance. At the 4-hour time frame, there was no breakout at all. It's important to note where price doesn't want to go. Clearly price did not want to go up. Once that fact became very obvious, sellers began front running the next leg of the crash. Or maybe Bart is back. Also known as whalecumulators eating margin long, and margin shorts for profits and fun.
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romero121
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July 29, 2019, 01:07:39 PM |
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Buy when there is dip in the market is the common strategy to get assured profit out of the investment. Here important things need to be considered were the asset over which we're planning to make the investment. It's growth chart for a longer time period needs to be studied.
Even when we buy at a dip it doesn't assure with a profit within predicted time period. This way every dip needs to be considered an investment point, particularly this dip can be used by users who have a separate fund for investment out of the regular earning.
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Nazmul012
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July 29, 2019, 01:52:47 PM Last edit: July 30, 2019, 09:04:29 AM by Nazmul012 |
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Want to say, whatever you had written before 3months ago, that's actually came true. As a result, bitcoin price is already hit 9.5k$ which is huge. And still bitcoin price is increasing. So undoubtedly Agreed that, should buy every dip so that future of bitcoin will be going much more brighter
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BitcoinHunt3r
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July 29, 2019, 02:26:12 PM |
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Buy every dip and sell it when it goes high? Well, it is something manageable but somehow we look also the market trend and not just of the price itself. It gonna be a big loss in our part if we keep buying during the dip and never have any returns after then. We should be smart in making decisions and to understand what was the market did.
We can have a return because the market is volatile, whether you are for short term or long term as long as you are having a target which is realistic, you'll surely get some good ROI. I'd give an example, this year, the dip was $3500 more or less and price of BTC goes as high as $14K IIRC, and if you sell that time, that would make you so profitable, and even if you failed to sell and decide to sell now, that's still a profit. Dip or maybe ATH maybe if traders already can read bitcoin price situation, they can take profit from it no matter in what price they bought or maybe in what price they sell his coin. That is something that we must know as traders.
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buwaytress
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Join the world-leading crypto sportsbook NOW!
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July 29, 2019, 04:30:36 PM |
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The primary reason is usually price action. It was a classic "failure to launch" scenario. Failure to launch = safe to dump.
On the hourly time frame and below, we formed a strong reversal candle and higher high. Aggressive/FOMO traders thought this would create a trend change, but nobody was willing to keep buying above the $10,200 resistance. At the 4-hour time frame, there was no breakout at all.
It's important to note where price doesn't want to go. Clearly price did not want to go up. Once that fact became very obvious, sellers began front running the next leg of the crash.
I think buyers are seeing how easy it is to move the trend back up so quickly, and they're also seeing that there's plenty of opportunity to get in at even lower entry points than now. Swimming against the current's not attractive enough just yet. Miners are also still profitable at this price so they're happy to just keep their selling pressure for as long as the dime's clean.
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Carreuh
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July 29, 2019, 05:42:11 PM |
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Very true if you have to buy every coin that is experiencing a decline in price but before that we have to analyze first how the coin after experiencing a decline whether to rise again or the coin becomes worthless after the decline and choose coins that really have been proven in trade and have registered in several exchanges
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Wind_FURY (OP)
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Activity: 2954
Merit: 1842
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July 30, 2019, 10:37:26 AM |
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The primary reason is usually price action. It was a classic "failure to launch" scenario. Failure to launch = safe to dump.
On the hourly time frame and below, we formed a strong reversal candle and higher high. Aggressive/FOMO traders thought this would create a trend change, but nobody was willing to keep buying above the $10,200 resistance. At the 4-hour time frame, there was no breakout at all.
It's important to note where price doesn't want to go. Clearly price did not want to go up. Once that fact became very obvious, sellers began front running the next leg of the crash.
I think buyers are seeing how easy it is to move the trend back up so quickly, and they're also seeing that there's plenty of opportunity to get in at even lower entry points than now. Swimming against the current's not attractive enough just yet. Miners are also still profitable at this price so they're happy to just keep their selling pressure for as long as the dime's clean. Plus there's no new money coming in the market. It's all whalecumulator money, and some plebs like us who love Bitcoin.
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Mihaylovic
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July 30, 2019, 08:20:43 PM |
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you are right. but how will we know that it is dip. the market keeps going red for more than 1 year and deepest levels never end. (i also bought and have been holding but still not pleasent )
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Distinctin
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August 01, 2019, 06:47:30 AM |
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you are right. but how will we know that it is dip. the market keeps going red for more than 1 year and deepest levels never end. (i also bought and have been holding but still not pleasent ) Honestly no one knows if the price is already at dip since we don't see and control the future. We just based on our analysis and make some judgement, that's it. You don't have to believe others claiming they are experts and they know the current situation, you are the one who should decide and make an action. This is the norms of the market, sometimes we loss, sometimes we make profit.
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Herbert2020
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August 01, 2019, 07:12:54 AM |
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Plus there's no new money coming in the market. It's all whalecumulator money, and some plebs like us who love Bitcoin.
actually i do believe that "new money" is always coming in. the difference in different times is that sometiemes like now the new money is also seeing the uncertainty so it decides to wait a little bit so that maybe it can find a better entry point. additionally because most traders are doing the same thing too, the "whalecumulator" can easily place a sell pressure on the market enough to keep the price at the level they want so no matter how much "new money" comes in, price stays the same.
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Weak hands have been complaining about missing out ever since bitcoin was $1 and never buy the dip. Whales are those who keep buying the dip.
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Wind_FURY (OP)
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August 01, 2019, 08:18:16 AM |
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Is $9,500 the new $3,500? I believe the feeling we have of being below $10,000 will start to be the same as when Bitcoin was below $5,000. The little jittery plebs that we are.
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Oilacris
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August 02, 2019, 02:27:24 PM |
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Plus there's no new money coming in the market. It's all whalecumulator money, and some plebs like us who love Bitcoin.
actually i do believe that "new money" is always coming in. the difference in different times is that sometiemes like now the new money is also seeing the uncertainty so it decides to wait a little bit so that maybe it can find a better entry point. additionally because most traders are doing the same thing too, the "whalecumulator" can easily place a sell pressure on the market enough to keep the price at the level they want so no matter how much "new money" comes in, price stays the same. There would always be a control according into their likings yet we know that these people do have the capacity on maintaining or moving prices according to their likes. Waiting for some entry and planning for an exit route will always be the target.No matter if theres new money or not to come in.
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Wind_FURY (OP)
Legendary
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Activity: 2954
Merit: 1842
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August 03, 2019, 10:11:31 AM |
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How do those "less-than-$10,000-Bitcoin-bought-at-the-dip" look to you now? I believe the next crash the community would start worrying about is the crash to the "$20,000 lows", after 2020. Buy the?
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Reatim
Sr. Member
Offline
Activity: 2870
Merit: 363
Eloncoin.org - Mars, here we come!
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August 03, 2019, 02:01:15 PM |
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This has been the first word I remember my mentor told me,to Buy the Dip and HODL until to reached the certain amount you wanted to hit from your investments No one is losing by holding legitimate currencies like bitcoin and other top cryptocurrency But no matter what prices brings us,just be thankful and never get rush on profiting
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▄▄████████▄▄ ▄▄████████████████▄▄ ▄██████████████████████▄ ▄█████████████████████████▄ ▄███████████████████████████▄
| ███████████████████▄████▄ █████████████████▄███████ ████████████████▄███████▀ ██████████▄▄███▄██████▀ ████████▄████▄█████▀▀ ██████▄██████████▀ ███▄▄████████████▄ ██▄███████████████ ░▄██████████████▀ ▄█████████████▀ █████████████ ███████████▀ ███████▀▀ | | | Mars, here we come! | ▄▄███████▄▄ ▄███████████████▄ ▄███████████████████▄ ▄█████████████████████▄ ▄███████████████████████▄ █████████████████████████ █████████████████████████ █████████████████████████ ▀███████████████████████▀ ▀█████████████████████▀ ▀███████████████████▀ ▀███████████████▀ ▀▀███████▀▀ | ElonCoin.org | │ | | .
| │ | ████████▄▄███████▄▄ ███████▄████████████▌ ██████▐██▀███████▀▀██ ███████████████████▐█▌ ████▄▄▄▄▄▄▄▄▄▄██▄▄▄▄▄ ███▀░▐███▀▄█▄█▀▀█▄█▄▀ ██████████████▄██████▌ █████▐██▄██████▄████▐ █████████▀░▄▄▄▄▄ ███████▄█▄░▀█▄▄░▀ ███▄██▄▀███▄█████▄▀ ▄██████▄▀███████▀ ████████▄▀████▀█████▄▄ | . "I could either watch it happen or be a part of it" ▬▬▬▬▬ |
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Naida_BR
Member
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Activity: 980
Merit: 62
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August 03, 2019, 02:58:40 PM |
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How do those "less-than-$10,000-Bitcoin-bought-at-the-dip" look to you now? I believe the next crash the community would start worrying about is the crash to the "$20,000 lows", after 2020. Buy the? Every new low is a new dip. And as the time goes by, the price will keep increasing and highs will become lows, if you see my point. In some years maybe 20k will be a very affordable low for the community.
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