BITCOIN CORRECTION: PERFECT BUY TIME

[dunfida]

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.

No one really knows and if they do then we are all rich here or to those who do make trades that are waiting for the bottom price.This market wont be called speculative
if prices were predictable in the first place this is why this kind of question is a bit nonsense because perfect buy time doesnt exist but rather this is a kind of decision
that someone would really need to make depending on how much he can risk off.If we can see opportunity to buy cheaper price then why not?
It is just a matter of risk taking and dont mind off with those bullshit perfect buy time line because thats actually a dream on pointing it out in the first place.

[STT]

Nobody knows but you can set certain boundaries to price and take an approach based on probabilities, that can prove profitable so far as I know as the trade will pay more often then lose if the theory is being applied correctly.



Simple take here is price rising while above a 12hr average, it wont stay there always but theres a regular pattern to most days of price action.      The upper price right now is 2 day average, thats a simple take and above that I was speculating about a 50k ceiling matching prior lows.   So long as we can draw conclusions based on prior action its often a reasonable point of view and markets tend to repeat in waves.

[Silberman]

Be careful, it is not always a perfect time to buy. You must know how the market will go first, if you see the market will improve or recover in the near future, then it is the time to buy. You must know the word "don't get a falling knife", right? It means, we must wait first for the sign that the correction already reached the lowest level. Then, it is time to buy if the price of crypto coins start to grow again gradually.

The perfect time to buy bitcoin is when the price is down deeper, but we can't detect when that time will come. It is no problem if we can't get bitcoin at the lowest price because as long as we can buy bitcoin at the lower price in the downtrend, that will be a perfect time for us. We must analyze the market before doing something because the market can turn up after down for a while. But we never know when the correction reaches the lowest level, so if we can buy at a low price, that will not be a problem.

I have always though that the perfect time to buy bitcoin is when its price has been relatively stable for months, obviously this is not something possible when we are in the middle of a bull run but this can be done when the market calms down after one, if done correctly this strategy guarantees that you buy bitcoin near the bottom and that for the most part you will be in profits in a matter of months and for the most part you will have a very easy time holding your coins.

[Xinarae*]

It is more profitable to invest in bitcoin for a long period of time because this currency has a rise and fall. No one can accurately predict when the price of this currency will rise however, the perfect time to buy bitcoin is when the price of the currency continues to fall then it is possible to make a profit if the price rises long term investments have to wait patiently and believe the market will improve. The crypto market will go down but will go up again currency prices have plummeted but it's a good time to buy.

[Silberman]

It is more profitable to invest in bitcoin for a long period of time because this currency has a rise and fall. No one can accurately predict when the price of this currency will rise however, the perfect time to buy bitcoin is when the price of the currency continues to fall then it is possible to make a profit if the price rises long term investments have to wait patiently and believe the market will improve. The crypto market will go down but will go up again currency prices have plummeted but it's a good time to buy.

True, but psychologically speaking that is something difficult to do, buying when the price is going down makes sense but people have the tendency to think about what will happen if the price keeps going down and most people unfortunately will not be able to endure the market moving too strongly against them and then they will sell for a loss, so to me it seems better to wait until the market becomes relatively stable and you buy during that time, it is true that it will take some time for you to see profits but the chances you see an important movement against bitcoin under those circumstances is low.

[Murpheus]

Ok my prediction had turned out right after all...
Bitcoin is at 51k again....
And it didn't drop past my specified spot...
Now that's a big A for me

[Wilhelm]

Ok my prediction had turned out right after all...
Bitcoin is at 51k again....
And it didn't drop past my specified spot...
Now that's a big A for me

You didn't specify any point in your few posts. Or I didn't find it.
You just mentioned what was a good buy point in one of your posts.
Also I see no basis for your analysis which is OK in speculation.
But yes it didn't go below $43 - $47k ...

Yeah a bigly A for you *clap* *clap*  

[kawetsriyanto]

What is your goal? If you mean buying the Bitcoin for the long-term investment, it is better to wait for the bearish. But if you mean to buy the Bitcoin for a short-term goal, every correction is the right time to buy as long as the market still continues the uptrend phase. However, don't buy carelessly or blindly even if it is a correction phase, do your own research. It is better to buy at the lowest rate to make it easier taking profits then.

[Dave1]

Ok my prediction had turned out right after all...
Bitcoin is at 51k again....
And it didn't drop past my specified spot...
Now that's a big A for me

You didn't specify any point in your few posts. Or I didn't find it.
You just mentioned what was a good buy point in one of your posts.
Also I see no basis for your analysis which is OK in speculation.
But yes it didn't go below $43 - $47k ...

Yeah a bigly A for you *clap* *clap*  

And yet we are in the $54k range again, yeah it did drop to $43k, a 26% if I'm not mistaken, but the price has bounce back already and we may hit $57k or even more.

And if someone bought during the dip, congrats and *clap* *clap* because you have made profits but pointing the obvious.

[Golftech]

What is your goal? If you mean buying the Bitcoin for the long-term investment, it is better to wait for the bearish. But if you mean to buy the Bitcoin for a short-term goal, every correction is the right time to buy as long as the market still continues the uptrend phase. However, don't buy carelessly or blindly even if it is a correction phase, do your own research. It is better to buy at the lowest rate to make it easier taking profits then.

Timing is important, you'll be able to acquire this as experienced provides good basis in

positioning your entry, there are times that anticipating what makret brings you gives

you the hint, it's not easy and it's needs a risky decision as knowing what will happened

after purchasing your assets is for the future to provide. buy and trust your own instinct

that way you'll going to stick with plans that you have created instead of following how

fuds creates.

[carlfebz2]

Perfect buy time will always talk about on the bottom price when a certain correction do happens but is there someone who could actually spot it out precisely?I dont know if someone
does that but for sure in using up lots of combinations of technicals then you can presume out those levels but not on that 100% precision.

Perfect buy time can also be considered into those times that you had at least able to buy back near to the bottom but we cant determine if thats the bottom until the price
had recovered and this is what makes the market so hard to predict on.

What matter most here is that you do able to make money in short span of time on dealing with prices without needing on waiting for long time.

[Wilhelm]

Ok my prediction had turned out right after all...
Bitcoin is at 51k again....
And it didn't drop past my specified spot...
Now that's a big A for me

You didn't specify any point in your few posts. Or I didn't find it.
You just mentioned what was a good buy point in one of your posts.
Also I see no basis for your analysis which is OK in speculation.
But yes it didn't go below $43 - $47k ...

Yeah a bigly A for you *clap* *clap*  

And yet we are in the $54k range again, yeah it did drop to $43k, a 26% if I'm not mistaken, but the price has bounce back already and we may hit $57k or even more.

And if someone bought during the dip, congrats and *clap* *clap* because you have made profits but pointing the obvious.

I’m merely pointing out that there was no analysis, just a vague reference to a number.
Anyone buying any dip will make profits...

[kawetsriyanto]

Timing is important, you'll be able to acquire this as experienced provides good basis in positioning your entry

Yep, that's actually what I explained in my statement above. That's why I said "don't buy carelessly or blindly even if it is a correction phase", which means that still consider everything before buying a crypto coin even it is in a correction phase, the time of buying will have a big influence for your possible profits and time to sell. Experienced traders or investors must know about it well, they usually have certain ways to determine the right time for buying, including joining professional signal groups.

[bitgov]

When there is a clear uptrend in the market, buying at any correction (no matter how big it is) should pay off very well. This can be a problem only when we make a mistake and it will not be a correction, but the beginning of a long bear market

[Oilacris]

When there is a clear uptrend in the market, buying at any correction (no matter how big it is) should pay off very well. This can be a problem only when we make a mistake and it will not be a correction, but the beginning of a long bear market

and finding it out would be the biggest challenge of all on where you dont know on when the market would have its trend shift where bullish turns out to be bearish.

This had been always the challenge of most investors or traders where knowing the possible hints or signs of a possible trend change.You can actually play with the prices,

as long you do know how to play with volatility then you can really make out some money but if not then better held off your position.

[Shasha80]

If you intend to invest in Bitcoin in the long term, there is no need to buy Bitcoin when the price is correcting. Buying at any price Bitcoin will be able to
make a profit in the end. But if indeed we are trading Bitcoin and want profit in the short term, we must buy Bitcoin when the price is being corrected.
Unfortunately Bitcoin price is now at $ 55k, which is too high to buy Bitcoin. So if you want to buy Bitcoin I suggest at least wait for the Bitcoin price
to drop to $ 47k.

[crwth]

At the time of posting by OP, he said that it's the perfect time to buy on February 23, 2021. Upon checking the 4 HR time frame at around that time, it seems to be the perfect time for it. Highlighted when BTC was oversold and perfect time to buy.



You would've gone up to 25% in that single trade. You would just have to hold for a couple of days. That's still impressive. Did somebody follow OP?

[Jating]

When there is a clear uptrend in the market, buying at any correction (no matter how big it is) should pay off very well. This can be a problem only when we make a mistake and it will not be a correction, but the beginning of a long bear market

Of course, timing the correction by looking at the charts should pay off handsomely. That is if you have the expertise to do so. But for noobs, they just listen to these so called influencer and market analyst to buy and then get REKT overtime because of wrong timing.

Well if it is the beginning of long bear market, then so be it, no might not make the money you dream of. But you can still stack up those coins and wait for the next cycle to occur. 

[Murpheus]

Ok my prediction had turned out right after all...
Bitcoin is at 51k again....
And it didn't drop past my specified spot...
Now that's a big A for me

You didn't specify any point in your few posts. Or I didn't find it.
You just mentioned what was a good buy point in one of your posts.
Also I see no basis for your analysis which is OK in speculation.
But yes it didn't go below $43 - $47k ...

Yeah a bigly A for you *clap* *clap*  

I did say it was the area of support didn't I??

And I was using price action 

[Kasabus]

Every price correction is an opportunity for the investors but sometimes we miss it because of some worries that it dumps more after we buy. But the truth is that we couldn't find the perfect timing in crypto as it really hard coz it is unpredictable. If we are trusting Bitcoin we have to buy some even the market isn't the correction bearish season coz we know that Bitcoin will move higher in the coming years. Only we need is to patiently wait for that moment and never ever be get affected by the FUDs.