BITCOIN CORRECTION: PERFECT BUY TIME

[KryptoKings]

I just checked my Metatrader charts today (in fact I use for analysis on crypto currencies majors)
Bitcoin has made a huge dip...
Some are wondering how deep this correction will dive...
Since predicting the market is all about probability I think the best time to buy is now 47,000- 43,000 range...
If you check it on the 4 hr timeframe, there was a resistance there before it broke out on the 12th of this month....
And if you are an experienced trader... A broken resistance always turns out to be a support...
If you want to buy....
Now could be the best time.... Am like 90% sure of that
My post is open to scrutiny....
Drop your suggestions!

Yes this is the time to accumulate. When btc reached $56k, everyone was wishing of having bought it when price was low.
This is the time if you don't want to curse yourself again during next bull Run which is closer than you think.

[hahay]

Yes, but I think it would be better to be more patient to buy, because a sharp decline does not guarantee that for the following days it will rise quickly. In the near future I still believe the decline will still occur so yes, this period I don't think is the perfect time to buy. But if the price is in the 40k-45k range then I think that would be the best time, just to anticipate a sharper drop and consider the ATH value.

[el kaka22]

The sign is already there, as we can see the price goes down again to $45k so I wouldn't say that you are catching a falling knife here. So this is another great buying opportunity for us, although my buy order is around $42k-$43k, but I wouldn't mind stealing some at today's price. And I will add that we are happy to see some corrections at this proportion because bitcoin will bounce back real hard @$60k next month.

Unfortunately not a lot of people see it that way, I do agree that price will be fine, however I am a bit more relaxed because I believe it is not going to be that shocking even if it drops to a level like 10k because I am a long term investor and bought much under 10k so even that wouldn't be a big deal for me, yet I may get upset about how much money I could have if I sold at top I could profit so much which means I should be worried too but I am not.

Of course bitcoin could drop a lot as well not like we have a secret that we are not sharing, however it is obvious that with so much money coming into bitcoin constantly non stop both from regular people but also from huuuuuge companies, it is unlikely that it would drop too much.

[slaman29]

Hang in there. There is a positive upward thrust coming.
HODL for now...

Dollar cost averaging is a strategy where you buy/sell at fixed intervals to spread the price...

I could not agree more! Dollar cost average fans will be happy at whatever price coming up to their main targets and dips like these just mean more bitcoin per buy.

I think it's good to let things settle anyway, the mempool needs to clear (same as ETH) and people will be clearing out backlogs and sellers will die down after this for another good pickmeup on the way.

We're not at a bad place:)

[magneto]

I just checked my Metatrader charts today (in fact I use for analysis on crypto currencies majors)
Bitcoin has made a huge dip...
Some are wondering how deep this correction will dive...
Since predicting the market is all about probability I think the best time to buy is now 47,000- 43,000 range...
If you check it on the 4 hr timeframe, there was a resistance there before it broke out on the 12th of this month....
And if you are an experienced trader... A broken resistance always turns out to be a support...
If you want to buy....
Now could be the best time.... Am like 90% sure of that
My post is open to scrutiny....
Drop your suggestions!

A classic example of misrepresenting TA as some sort of crystal ball into the future.

Looking for patterns in a graph simply won't help when the macro trends are against you.

I'm not saying that they are though. I do think with the current level of institutional participation and market fervour that the FOMO will continue until at least the end of the year. I just don't think it's a very bright idea to "buy the dip" every time because of an iffy "resistance" or "support" level that may or may not exist - it is much safer to approach the analysis from a fundamentals perspective.

[dunfida]

Perfect buy time?
All would be random because predicting the bottom price is unknown or cant really be predicted and that what makes this market so unpredictable.
Dont mind on trying to get the perfect bottom because this will just cause out some stress and hurrying up on oneself to do thing just because you dont
like on missing out opportunity and trying to make perfect entry.Dont to that because being perfectionist will not really be that much
ideal on this market.

[Ludmilla_rose1995]

Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?

Apparently March is a traditional sucky month but we have a 4-6x increase coming if history repeats itself...

I wouldn’t wait to long with the buyback. Optimizing your coins now can make you miss the train. Don’t be greedy. HODL to the top... then sell and buy back in 300 days at 35k or so...

That's true, this time of the year isn't the best for the price of bitcoin. However, this new low may attract more people or organisations to join the race and buy some coins. Tighten your seat belt, it's gonna be a wild ride soon to the new ATH

a year ago and two years ago I bought a lot at the end of February and the market became a dump when it entered march. I don't know if this will happen again. I just bought back with $ 3k for bitcoin. If there is dumping in March, then the month of March will continue to be a month of bad luck.

[aioc]

a year ago and two years ago I bought a lot at the end of February and the market became a dump when it entered march. I don't know if this will happen again. I just bought back with $ 3k for bitcoin. If there is dumping in March, then the month of March will continue to be a month of bad luck.

Investors will have a hint on what to expect this coming March if it's true then I will try to generate funds and buy more Crypto I don't consider the month of March the month of bad luck I will consider it a month of opportunity, this year will be very much different and this year is just a continuation of bull run, it will continue even to the month of January next year.

[slaman29]

a year ago and two years ago I bought a lot at the end of February and the market became a dump when it entered march. I don't know if this will happen again. I just bought back with $ 3k for bitcoin. If there is dumping in March, then the month of March will continue to be a month of bad luck.

Investors will have a hint on what to expect this coming March if it's true then I will try to generate funds and buy more Crypto I don't consider the month of March the month of bad luck I will consider it a month of opportunity, this year will be very much different and this year is just a continuation of bull run, it will continue even to the month of January next year.

Very jealous of people who managed to buy during March. I did get some btc myself from regular payment in that period, so of course happy that it all went up after that but it was still very small amounts to compare with people able to buy whole bitcoins in that March time.

I doubt we're crashing there again in perfect annual repeat though. This is just markets responding to traders reaping in their profits.

[Question123]

Perfect time is depends on a person of what they think is the best time to buy bitcoin or any coins. If you want a shorterm it is the good time because market dump in the last few days and other traders are doing this and they will get a some profit but you need to know the flow of the market before doing a shorterm trading. Usually they do that once a market dump like this week.

[coin-investor]

The correction has never failed for traders to make a profit, if you are trading or investing for a long time, you'll know that the profit is never-ending and the way to do that is through correction, buy low on correction sell high on the pump, then repeat over and over again for a quick profit again and again.

[FanEagle]

Yes, but I think it would be better to be more patient to buy, because a sharp decline does not guarantee that for the following days it will rise quickly. In the near future I still believe the decline will still occur so yes, this period I don't think is the perfect time to buy. But if the price is in the 40k-45k range then I think that would be the best time, just to anticipate a sharper drop and consider the ATH value.

It does guarantee that it will go up, it just doesn't guarantee that it will go up right away, so the guaranteed part is "it will go up" but that's it, it doesn't say if it will go down more now, if it will go up right away, if it will go down to 10k, or if it goes up to 100k, there is absolutely ZERO information about what is going to happen, only thing 100% known right now would be price will go up in the future for sure, and that is where we are right now, it is down now and it will go up again, which is why there are plenty of people buying as well.

Why do you think price dropped 10k+ and not dropped more? Because people realized since it dropped, there is absolutely nothing at all that would be hurting our situation as long as we can wait enough, which is why I believe there is a situation at hand where we could potentially do better and get bigger only if we work together.

[michellee]

Currently, the price has reached $ 44K and it looks like the correction and decline are continuing. Will the market recover in March? Or do I have to wait up to the $ 35K level to buyback?

Apparently March is a traditional sucky month but we have a 4-6x increase coming if history repeats itself...

I wouldn’t wait to long with the buyback. Optimizing your coins now can make you miss the train. Don’t be greedy. HODL to the top... then sell and buy back in 300 days at 35k or so...

That's true, this time of the year isn't the best for the price of bitcoin. However, this new low may attract more people or organisations to join the race and buy some coins. Tighten your seat belt, it's gonna be a wild ride soon to the new ATH

a year ago and two years ago I bought a lot at the end of February and the market became a dump when it entered march. I don't know if this will happen again. I just bought back with $ 3k for bitcoin. If there is dumping in March, then the month of March will continue to be a month of bad luck.

Hopefully, that will not happen in the next month. But if we can be wise, we should prepare for anything that can happen to buy more bitcoin if the price is down. But if the price is not down, we can prepare for selling the bitcoin at a high price. But yes, I agree that we should tighten our seat belt and always be careful when deciding. Do not rushing or panic when the price is down, so we can see the chance to buy bitcoin at a low price.

[bvoriue]

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

[Murpheus]

The correction has never failed for traders to make a profit, if you are trading or investing for a long time, you'll know that the profit is never-ending and the way to do that is through correction, buy low on correction sell high on the pump, then repeat over and over again for a quick profit again and again.

Its very clear to me you trade the markets....
I don't own actual Bitcoin...
I trade it using a broker instead...
If you are a trader I would love to forge a friendship....

[serjent05]

I'm not saying that they are though. I do think with the current level of institutional participation and market fervour that the FOMO will continue until at least the end of the year. I just don't think it's a very bright idea to "buy the dip" every time because of an iffy "resistance" or "support" level that may or may not exist - it is much safer to approach the analysis from a fundamentals perspective.

Nothing beats the Fundamental perspective but with TA being reinforced, we can see a more accurate price prediction than just TA alone.  And buying the dip is always good in my opinion if we are into a daytrade since we can easily sell it at a profit if everything went well, but of course long term hodl and selling at a perfect time is the most profitable venture.

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

Well, I happen to believe the Bitcoin 4-year cycle so this drop is just another higher low, and the bitcoin bull market doesn't end here (as per the 4-year cycle).  In that theory, Bitcoin will continue to surge until the end quarter of this year.

[Yaunfitda]

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

The support around $45k has been broken, we barely above $46k now, so the price can drop at $40k is possible, specially others have said that the usual bearish trend starts this March. So correction hasn't stop yet, or at least the price will be in sideways pattern again.

And all I can say for every dip we've seen? BTFD, this strategy never gets old, simply and yet very effective for all traders, from average Joe' to whales.

[traderethereum]

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

Who knows about that?
If you think now is the right time to buy bitcoin, go ahead and try to do that, but I hope you can prepare your money for another downtrend because no one will know about that.
This moment will not be easy to analyze or predict as we see the price is up and down like a rollercoaster, so without having preparation about the market situations, we can not get a low price to buy.

[redsun114]

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

Who knows about that?
If you think now is the right time to buy bitcoin, go ahead and try to do that, but I hope you can prepare your money for another downtrend because no one will know about that.
This moment will not be easy to analyze or predict as we see the price is up and down like a rollercoaster, so without having preparation about the market situations, we can not get a low price to buy.

Well, how can we know if it is downtrend? I mean obviously we do not know if it is going to go up neither but we do not know if it will go down too, so basically there is really nothing we could do by that logic, if we do not know what is going to happen and if we do not know what is going to happen then how could we invest into anything? Because, if we do not know if it will go down or go up then how could we invest to only things we only know about? Nobody knows what is going to happen but invest anyway, that is the case and this is one of those cases.

I invest because I believe it will go up, and I do not care if it goes down neither because I want to invest more and more right now as well, I do not care about this bull neither, I do not care about the next one or the one after that, I want to be here for 10+ years and if I can do that, it means I could actually end up profiting a lot, so the drops today doesn't scare me.

[bitgov]

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

Who knows about that?
If you think now is the right time to buy bitcoin, go ahead and try to do that, but I hope you can prepare your money for another downtrend because no one will know about that.
This moment will not be easy to analyze or predict as we see the price is up and down like a rollercoaster, so without having preparation about the market situations, we can not get a low price to buy.

At the moment we are speculating that this is a correction and not the beginning of the bear market. The difficulty in predicting the price is to guess by how many percent the price will fall during this correction. Many speculators assume it will be around 35%. So, answering your objections, I will answer that if this is not the beginning of the bear market, this correction is just over and this is a good time to buy.