Don't buy this dip yet!

[Stedsm]

As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.

It's creating a triangle in 4H but that's not looking in the favor of BTC and could bring it to its major support at around $52k. But hodl your breath, it's not over yet. If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.

[goaldigger]

The price chart speaks for the market itself, we can create analysis through that and this not a FUD for sure. The sudden correction is normal since we are not able to stay above the resistance and now we’re heading to the support level which is critical if we didn’t hold on that level. Buy only if you see opportunities, buy based on your analysis, your personal decision is very important.

[Untomabur]

As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.

It's creating a triangle in 4H but that's not looking in the favor of BTC and could bring it to its major support at around $52k. But hodl your breath, it's not over yet. If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.

means this month is very dangerous for Bitcoin and altcoins?
if Bitcoin dumps below $ 50k again and hits $ 43k then it really isn't a correction but a dump,
but is it really going to happen ?, if this dip is not the time to buy, then when should I buy? 43K? or how much?

[santiPOGI]

As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.

It's creating a triangle in 4H but that's not looking in the favor of BTC and could bring it to its major support at around $52k. But hodl your breath, it's not over yet. If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.

You mean, the price of Bitcoin will get down to the maximum in which is 36k$? Was it your technical analysis, that's why you mentioned this different price value of Bitcoin that might get to be happen for the coming days or weeks, am I right? If ever this is true, and some of the members here in the forum get believe in your assessment, surely they will sell some of their Bitcoin to their exchange platform they are using it now.

[Stedsm]

You mean, the price of Bitcoin will get down to the maximum in which is 36k$? Was it your technical analysis, that's why you mentioned this different price value of Bitcoin that might get to be happen for the coming days or weeks, am I right? If ever this is true, and some of the members here in the forum get believe in your assessment, surely they will sell some of their Bitcoin to their exchange platform they are using it now.

Those who may sell will take a foolish step TBH as I never asked anybody to sell their BTC. It's about "buying" and yeah, I forgot to add a disclaimer that Please take my words with a grain of salt and DYOR. Anyway, let's come to the point.

If BTC does get below $52k which is a major support area for now and doesn't bounce back, there are very high chances that BTC will retest $43k to eat the liquidity it finds there.

means this month is very dangerous for Bitcoin and altcoins?
if Bitcoin dumps below $ 50k again and hits $ 43k then it really isn't a correction but a dump,
but is it really going to happen ?, if this dip is not the time to buy, then when should I buy? 43K? or how much?

Lol, what? Not a correction but a dump? In both the scenario, BTC will go down only, right? What's the big difference? Just that it'll recover quick? I don't think so (just this time).
Buying at what price should be decided by you as I'm not here to spoonfeed every single trader and won't take the blame if it doesn't go my way. Set your own targets and wait till BTC reaches that area, I'm damn sure it'll see those areas very very soon.

[Fatunad]

As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.

It's creating a triangle in 4H but that's not looking in the favor of BTC and could bring it to its major support at around $52k. But hodl your breath, it's not over yet. If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.

Im waiting for that time but it seems it is holding in 54k support which is also a good point imho but basing off with technical then those levels are really considerable once that 52k strong support would be broken out then

expect that price would really be heading down even more.I have already accumulated a little bit on 54k and i would be waiting for further dips but at least i have made up some accumulation to this level.
If ever the price would go down even more then i have already the funds allocated for that which it had been always a plan B's when A's didnt turns out to happen.

[Myleschetty]

As you all can see, markets have dumped very quick with BTC in a loss of around 6% because of the sudden dip. When we don't know why this happened, let's talk about the technicals and see which area could be the best for BTC to be bought.

I read from the news a couple of days ago that the institutional investors are reducing their investment probably they are selling fraction of the accumulation, I believe this is what cause the current dip we are expecting and it could be their strategy to buy new dip before another pump market.

[tranthidung]

If it's broken down, there will be more opportunities for shorts to pull it down between $47k and $43k and if it doesn't hold there too, the dump will further take the price to eat the liquidity near $36k after which it'll begin its run again.

Your opinion is similar to mine. I wrote about it more than one week, and just updated it hours ago

Corrections are necessary for healthy bull run and I see the coming and any in the future corrections are healthy for this bull run in 2021. It was raised by Peter Brandt too. It is for history corrections but the current price chart shows and confirms that correction is coming.

I believe many people will fear and say "Hey, bitcoin bubble appears and price will crash to $20,000". Forget such FUD please.

[crwth]

As much as I want to buy the dip, it's going to be hard to predict. I like the idea that it could go downhill from there, but it's not going to look good though to newcomers to the crypto space but good for us—the opportunity to buy more with the possible dip. I have read that buying continuously and averaging your entries is the best way to benefit in the long run.

Thanks for sharing your view. It somehow makes me more assured that I had the same view with a healthy correction.

[numanoid]

Well you just missed the  dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

[SquallLeonhart]

I would say that I am not really in the mood to check for the prices when I buy. You may think I am crazy and I would suggest you not to follow my lead because I could be very wrong. However I just buy, I only buy and that is good enough for me. Why would I care if it is low or high, I know it will be higher than whatever high it is right now, and I do not care if it is going down, I will buy now and I will buy when it goes down as well so I do not care. Long term investors look at what you guys are doing and how you guys get scared from the tiniest drops.

I bought bitcoin when it was at around 12-13k in 2018 and I bought until 3k as well, made my average into 6k, sold it when it went to 10k and it went even higher, so ever since that day I just keep buying, did my biggest purchase at around 6-7k level and that is when I realized I should put as much profit as I can into it.

[danherbias07]

Sounds good for those who are still aiming to enter at a cheaper price.
Also a better opportunity to remind newbies that Bitcoin is indeed volatile.
I regret that I sold before at $30k and I want to put it back in. $36k might be the best entry I could get if ever it will hit that number.
If not, I am still wishing for a cheaper price at 40-45k and maybe all this regret fade away.

[Stedsm]

I feel I have to share this news with you all so that you guys won't say that I hid it. I believe that the top for BTC for this year is already there (i.e.; 61800) and I don't think BTC will be breaking it again, at least this year. You must check the 4H charts to understand this that all the liquidity has now shifted down to areas where big guys are waiting to buy BTC at, because they feel it's too high the cost of BTC that they need to pay and that's why, the liquidity that BTC ate yesterday was just a trailer as it didn't even reach the major support point. I believe that BTC will still retrace towards $57k before shooting down under $45k and this time, it won't be a "dump" but a correction, a much needed correction. I'm not asking anybody here to sell/short BTC and if they do, they'll do it at their own risk as it's their trading choice. I've shared what I'm seeing on the charts. I'm calling 61800 to be BTC's top for 2021. There are many analysts who will criticize me for this but I've only one thing to say - "Time will tell".

[palle11]

If not, I am still wishing for a cheaper price at 40-45k and maybe all this regret fade away.

This price can be possible yes. The bear looks like is going to come even as the price struggles and goes up again today with $2000 bringing it to hit $55,000 plus but I think a proper correction may happen anytime soon as people are beginning to reinvest in altcoins in the believe is bull for altcoins.

But you don't need to regret if you sold your coin at some point because you made some profit.

[blockman]

If somebody has bought on $53k, he's in profit already. But OP is telling a fact that there could be a more pullback for the price before it finally recovers.
But so far, the price seems to be stable and it's like that we're going to see bitcoin recover and goes back near to $60k soon.

[yhiaali3]

Personally, I expect Bitcoin to drop to levels below  47k$, then it will be a good time to buy, at this time we must take advantage of the altcoin rise to achieve some additional profits before Bitcoin returns to  58k$ levels, of course we must deal with great caution with this stage because it is possible To be rather dangerous.

[Stedsm]

If somebody has bought on $53k, he's in profit already. But OP is telling a fact that there could be a more pullback for the price before it finally recovers.
But so far, the price seems to be stable and it's like that we're going to see bitcoin recover and goes back near to $60k soon.

Trust me, if you want to see a good altcoin season, then it's necessary for BTC to either stabilize or get a good correction in order to get its dominance level settled down which is actually stopping major alts making a move. BTC can only be stabilized once it reaches a level that's suitable for everyone so no huge buys/sells will be there and no such 5-10% moves which will give boost to the prices of some good projects which have already done 10-50x but didn't hold there and dropped down under 50-80%.

[DarkDays]

Well you just missed the  dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

You're right. The dip is gone but not forever. I think you can still get into the following dip as for sure there will be another one. We have seen BTC fluctuate quite a lot but always bouncing off 53K so next time it closes in on this, if confident, buy the dip 

[carlfebz2]

Well you just missed the  dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

You're right. The dip is gone but not forever. I think you can still get into the following dip as for sure there will be another one. We have seen BTC fluctuate quite a lot but always bouncing off 53K so next time it closes in on this, if confident, buy the dip 

Hardest situation when you are in torn between getting in or waiting a little bit.This had been always a problem of everybody when they do know that theyre already on an initial support

which we do really ask out for for something deeper.Now that the price is clinging back again(55k) at the moment where it did really have some +$1000 price movement in a course of 24 hours.

For those who had entered yesterday then they are making profits as of now but since the price isnt really moving that much then we do still have the tendency to touch down those supports.

[Oasisman]

Well you just missed the  dip, it was only $53000 as lowest and nnow it starting to bounce back to $58k again, currently it's still $55.5k for each bitcoin. Just buy with small amount the dip until it recovered, if it's falling deeper , you can always buy again with small amount again

Pretty good technique for accumulation making sure not missing any dips. Nevertheless, If Btc breaks the $53,000 support there's no guarantee that It will fall below the $40,000 level.
If you have a good amount of capital, I guess $55,000 would be enough to get good profit once the bullrun proceeds. However, this week might be good for accumulation since the price action suggest a correction.