Don't buy this dip yet!

[Stedsm]

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.

The best trader is the one who accumulates in parts, like allocating 25% on each dip so that even if it dumps down 50%, you'll be in least loss compared to the loss you'd face if you go all-in at high price. The same principles should be followed when selling, so not to sell your complete position but in parts so that chances of extra profit making on any trade will remain highly possible. I've always traded BTC like that, but missed this grand bull run (had a position in BTC from $16k at 10x leverage and held it till $19k, so made almost 3x off it but my bad I didn't hold it else it'd have been one of the best trades of mine. I'd suggest to keep a bigger part saved for the lower support areas so when BTC drops there, buying it will be highly beneficial.

[1715303881]

1715303881

[1715303881]

1715303881

[1715303881]

1715303881

[1715303881]

1715303881

[1715303881]

1715303881

[Ultegra134]

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.

OP suggests that it can have an even greater fall the next few days. Let's keep in mind that a similar incident occurred not long ago, with Bitcoin losing ground from $50.000 and suddenly reaching $44.000. We should be cautious about any moves we make now, observing the charts and the situation is best for now, before making any irrational decisions.

[Smitty Werben Man Jensen]

Bitcoin prices are below $ 55k now, for me this is a good opportunity to buy gradually at this level,
there is a possibility that the bitcoin price could dump to the $ 48k level, but I am sure this level will not be achieved that easily,
if it is reached then my advice is to buy it, lest you miss the moment.

[adzino]

Why not? Every dip is a buying opportunity. Those "triangles" and other chart readings might not be always the same or what you think. Hence, just buy when you see a dip. It is going to be okay even if its a bad "buy" - you know, since you are going to invest only what you can afford to lose. That's the golden rule right?
If the dip was the last buying opportunity, people would start regretting a lot. What if the "$25k" you are expecting never happens? You would keep on waiting an event that is never going to occur and miss all opportunities.

[New.in.trading]

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.

I am looking at this bulls area for BTCUSD right here, and will take buys if the current H4 closes outside the bulls area, having stopps somewhere below it. Next thing then, is to accumulate more buys on the M30 TF, to maximize possible gains if there are any decent entries.

[traderethereum]

Let it happen like that, and I am sure we are ready for that time, although we do not know when that will come or it will not happen in the next weeks.
But this situation still good to trade and make a small profit, but we really need to be careful to decide.
This situation seems too scary to enter the market, but you will find a good time to buy low and sell high if you can analyze the market.
Do not force yourself to make a big profit if the situation is not good, and I prefer to take a small profit constantly.

[Lucius]

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.  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".

A very bold speculation based only on TA, and that is something that unfortunately cannot predict the price, at least not in the long run. For me personally to say that BTC has already reached its maximum ATH this year is pretty ridiculous, especially considering that we are in the year after halving, and that the interest of big players in BTC has never been greater.

Relying solely on TA in these circumstances is something that doesn't make much sense - because the ATH you're talking about can be broken today or tomorrow with the help of one big piece of news. I agree that the $60k zone has shown a lot of resistance, but I just don't see that this bull run can end this early - but as you say, time will tell if you were right.

[peter0425]

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.

It is much better if you added the graphs in this scenario , But i hate to believe that there is a chance of bitcoin falling down back to 36k.

And guiding us not to buy in this deep? do you have some assurance of this happening?

i have just bought in 53k and i care nothing if what will comes next because my mind set is not to become late in the journey to the moon.

[DoublerHunter]

Bitcoin prices are below $ 55k now, for me this is a good opportunity to buy gradually at this level,

^ If OP bought BTC at this level price, OP will probably have now a profit of at least 2% from the initial capital.
I know that after a short pullback there is a resistance, BTC will not down beyond $50k. It will not down straight as I have noticed with the price movement in the market. Nevertheless, that is my personal assumption, it will also change in a different direction.
However, it is very hard to know when is actually a dip in the price, just buy BTC and wait until 5 years, guarantee there is a new ATH.

[blckhawk]

Bitcoin prices are below $ 55k now, for me this is a good opportunity to buy gradually at this level,

^ If OP bought BTC at this level price, OP will probably have now a profit of at least 2% from the initial capital.
I know that after a short pullback there is a resistance, BTC will not down beyond $50k. It will not down straight as I have noticed with the price movement in the market. Nevertheless, that is my personal assumption, it will also change in a different direction.
However, it is very hard to know when is actually a dip in the price, just buy BTC and wait until 5 years, guarantee there is a new ATH.

I don't Bitcoin would go lower than $50k either, perhaps soon but I don't think it will happen for now. From what I've observed the price only dip at $53k and now gradually coming back leaving the price of $57k today. The thing here is don't expect too much, if OP buys at $53k at that time he is not having profit right now. In my opinion, taking a small profit with these slight ups and down could accumulate a pretty decent amount of profit or you could have had to wait for major correction then buy which however, we don't exactly know when it's gonna happen.

[slaman29]

Bitcoin prices are below $ 55k now, for me this is a good opportunity to buy gradually at this level,

^ If OP bought BTC at this level price, OP will probably have now a profit of at least 2% from the initial capital.
I know that after a short pullback there is a resistance, BTC will not down beyond $50k. It will not down straight as I have noticed with the price movement in the market. Nevertheless, that is my personal assumption, it will also change in a different direction.
However, it is very hard to know when is actually a dip in the price, just buy BTC and wait until 5 years, guarantee there is a new ATH.

Never say guarantee, but ya by the way we're looking at things I cannot see why we can't push for new ATHs in the next five to ten years.

Crazy to think 1% at this price level is $500++. Soon (or not soon, whenever) when we're in 6-digit territory, we'll be talking about fractions of a percentage when 1% is an entire grand.

What exciting times we live in and what exciting times we have to look forward to already!

[TheGreatPython]

Let it happen like that, and I am sure we are ready for that time, although we do not know when that will come or it will not happen in the next weeks.
But this situation still good to trade and make a small profit, but we really need to be careful to decide.
This situation seems too scary to enter the market, but you will find a good time to buy low and sell high if you can analyze the market.
Do not force yourself to make a big profit if the situation is not good, and I prefer to take a small profit constantly.

Trading can be done at any price at any moment. You trade based on what it will go up and down to at that day and that's it, you could make a profit when it is going down, or you could make a profit when it is going up. There is nothing that will keep you from profiting if you are careful, all depends on your trading talent. Of course the only thing that will be a bit difficult is the fact that investing will get more difficult, we are in a world where if everyone starts investing right now, we will profit because when everyone invests we profit from that, however if you invest and others get out that means we are going to end up losing money.

Some people are scared of exactly that, what if I invest right now and everything goes down afterwards? It is already so high, what if it starts to go down now? That is what people are afraid of, I am not but I do understand those people.

[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.

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%.

As much as I want to see that season but bitcoin isn't reacting from that expectation. I've seen btc's dominance has dropped to 59% but later it has been back to 60%.
And although it has recovered a bit, I think we're about to see the next wave for correction.

[Wawa2013]

Everyone must have their own analysis, I also have my own analysis. Because I don't think Bitcoin will drop below $ 52k anytime soon.
That's why I bought Bitcoin at $ 54k, and if it turns out that Bitcoin ends up dropping below $ 52k in price, i will not regret it.
Because as long as we buy Bitcoin with the money that we can afford to lose, there will be no problem buying Bitcoin at any price.
I hope Bitcoin can return to $ 60k soon this week, although the chances of Bitcoin going up to $ 60k are pretty small in my analysis.

[iv4n]

Everyone must have their own analysis, I also have my own analysis. Because I don't think Bitcoin will drop below $ 52k anytime soon.

I like this part... Indeed each of us have some opinion, based on some analysis (good or bad, not matter here), and you think it will not drop below $52k anytime soon... I respect that prediction, but I wonder what you think will it go under $52k ever again?!

So it's something that's on my mind for some time already... what Bitcoin price we will never see again!?

Can we see Bitcoin at $40k?

Can we see Bitcoin at $30k?

Or we will never see Bitcoin under $50k again... ?! Help me with this, I am thinking for some time as I said, and still I am not sure about anything... to be honest!

[arufox]

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.

Your analysis is 50:50, so what happens if the price starts to grow? You will miss the good price.
I have a family that bought Bitcoin almost at peak price in 2017 after dumped massively I just suggest to her to not sell it and now, she got a dip price even though he bought it at peak price. Focus on the long term, Bitcoin is long term asset. Stop always think dip price

Everyone must have their own analysis, I also have my own analysis. Because I don't think Bitcoin will drop below $ 52k anytime soon.

Can we see Bitcoin at $40k?

Can we see Bitcoin at $30k?

Or we will never see Bitcoin under $50k again... ?! Help me with this, I am thinking for some time as I said, and still I am not sure about anything... to be honest!

Check out my post above

[traderethereum]

Let it happen like that, and I am sure we are ready for that time, although we do not know when that will come or it will not happen in the next weeks.
But this situation still good to trade and make a small profit, but we really need to be careful to decide.
This situation seems too scary to enter the market, but you will find a good time to buy low and sell high if you can analyze the market.
Do not force yourself to make a big profit if the situation is not good, and I prefer to take a small profit constantly.

Trading can be done at any price at any moment. You trade based on what it will go up and down to at that day and that's it, you could make a profit when it is going down, or you could make a profit when it is going up. There is nothing that will keep you from profiting if you are careful, all depends on your trading talent. Of course the only thing that will be a bit difficult is the fact that investing will get more difficult, we are in a world where if everyone starts investing right now, we will profit because when everyone invests we profit from that, however if you invest and others get out that means we are going to end up losing money.

Some people are scared of exactly that, what if I invest right now and everything goes down afterwards? It is already so high, what if it starts to go down now? That is what people are afraid of, I am not but I do understand those people.

That is why we need to learn about risk management to prevent the loss in trading or investment.
Many people do not learn much about that because they think that what they did before is enough for them, and they only need to wait for the market to move.
It could be done if the market moves up every day, but we can not expect the market to be like that since many traders also want to profit.
And now, we already see the market is at the dip from yesterday, so we might have a chance to buy this dip and hold it for a while to sell at a high price because this dip will not stay forever.
The uptrend will come back again and give us a chance to sell at a high price and make a profit.

[zanezane]

Why not? Every dip is a buying opportunity. Those "triangles" and other chart readings might not be always the same or what you think. Hence, just buy when you see a dip. It is going to be okay even if its a bad "buy" - you know, since you are going to invest only what you can afford to lose. That's the golden rule right?
If the dip was the last buying opportunity, people would start regretting a lot. What if the "$25k" you are expecting never happens? You would keep on waiting an event that is never going to occur and miss all opportunities.

I would like add that anytime is a buying opportunity, its just that dips are a good one because they can help you buy at lower prices and get more out of your money, I mean you will wait for a dip and no one will know that it is the until it has happened so the only way is to get in instead of waiting because the dip that you might've been waiting for never arrived and the prices just goes up continuously.

[slaman29]

I would like add that anytime is a buying opportunity, its just that dips are a good one because they can help you buy at lower prices and get more out of your money, I mean you will wait for a dip and no one will know that it is the until it has happened so the only way is to get in instead of waiting because the dip that you might've been waiting for never arrived and the prices just goes up continuously.

There's just a difference of method. What you're referring to is dollar cost average which is really popular because there is no stress or complications of buying at certain price. You simply keep buying at whichever price and it all works out well on the average.

But some people trade so they sell at highs and buy at lows to keep multiplying at optimal rates.

Not for everyone for sure.

[cryptomaniac_xxx]

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.

We are still in the $52'ish, we don't know if this is going to hold or will go down as predicted to the $40k level. So let's see, this bitcoin future expiration is already the culprit for this massive sell, in my opinion. But in the next 24 hours, they will be liquidated so I don't see the price going as well as $43k-$47k in my opinion.