Keep calm and buy the dip! Told yah.

[Coin_trader]

I know most the user here especially newbie are already in panic due to the current retest on support of BTC to 40K level. I just want to share this TA from my trusted TA analyst to give some hope to those user who's already losing faith to Bitcoin.

This H&S pattern will be rejected once BTC price break the 40K level which is very low to occur since MACD is already bullish on the following week. Keep calm and hodl!

[Bitcoin_Arena]

Quick question.

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? 
Well, I have done it before.

The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying

[Maus0728]

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? 
Well, I have done it before.

I don't think people can easily catch the "absolute" dip, but if someone does manage to buy at the most perfect time, I assume it's just pure luck. And I'm speculating that almost everyone here has been in a situation where they bought the dip only to discover that there is another wave of distribution coming.

The best way to take advantage of this opportunity, in my opinion, is to place multiple buying orders at different price ranges that you believe are support/supply zone candidates. This also implies that the size of your purchase order is determined by the probability and accuracy of your T.A.

[Coin_trader]

Quick question.

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? 
Well, I have done it before.

The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying

I usually bought when there's a clear pattern already form during the dip then wait for the confirmation. I rarely experience the one you mention on my current trading portfolio since I always set a SL on all my positions when I'm entering position during dip. It's important to watch critical level if there's a downtrend after you enter a position since there's always a possibility for a rejection.

But yeah I understand what you feel because I do experience that most of the time during my newbie trader days.  

[mk4]

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? 
Well, I have done it before.

Even the best traders make mistakes a lot of times. It's just that you make sure you have some sort of "contingency plan" if your initial plan(like buying the dip too early) doesn't go well; like having more cash ready for more dips and such.

[qory]

Good analysis, yes the 40k is a very strong support but we'll see it after it was tested let's hope that it will sustain this support for what I see now it jumped over to 42k I'm pretty sure that in the next few months now we will be in bullish trend. Yes the OP is right keep calm and buy the dip since it is a good entry to make an investment in Bitcoin.

[Husires]

If you zoom out, you will find that the price is high compared to several months ago, and therefore there is no need to worry.

I remember that at the beginning of last year I sold some currencies when the price rose to the level of 42k support level, which was considered All Time High.
The resistance level at 42K is difficult to break easily and therefore is considered a good buy level.
It may be the last time we see Bitcoin this low.

[Ararbermas]

I know most the user here especially newbie are already in panic due to the current retest on support of BTC to 40K level. I just want to share this TA from my trusted TA analyst to give some hope to those user who's already losing faith to Bitcoin.

This H&S pattern will be rejected once BTC price break the 40K level which is very low to occur since MACD is already bullish on the following week. Keep calm and hodl!

4hrs time frame.. Well i hope it forms head and shoulder afterwards because if not for sure it will continually making correction. I'm not saying negative thoughts i just want to say probably it will take too long before making another higher highs. And obviously buyers is already in and keep adding more because of some consolation. For me weak hands is controlling  at this situation wherein once they all done and gone that's the time bitcoin will climbing again, i mean without any sign.

[Coin_trader]

If you zoom out, you will find that the price is high compared to several months ago, and therefore there is no need to worry.

I remember that at the beginning of last year I sold some currencies when the price rose to the level of 42k support level, which was considered All Time High.
The resistance level at 42K is difficult to break easily and therefore is considered a good buy level.
It may be the last time we see Bitcoin this low.

Looking on longer time frame means the effect will be in long term. The goal of my TA is to predict the next possible movement of Bitcoin at its current price condition. The long time frame is consist of multiple shorter time frame which means you can predict a bit of the future price by using the short once. The current price is crucial especially for that long time frame that you are looking right now so it's better to play safe and stay zoom in on the chart on time like this rather than wait on that to occur. 

[palle11]

Despite the hope that the price will taste $40k and rebounce back and later climb to $43k or above if it breaks even from that point, but trading fluctuation has a way to behave and keep dipping if it breaks just to take out traders stoploss before reverting. I may not doubt any speculation but I will always advise we trade what we see and apply our stop lose.

[michellee]

The price can still go back to the $41k level and go down for more as I do not see the progress that shows bitcoin can increase in a short time. Besides that, we are in the weekend, making bitcoin price get another correction. So prepare yourself to buy back at a low price and do not panic because I see many people out there still panic when they see something that they do not want. Shorting some amount will be good this time

But be careful because the price can get another push from the supports so close your trade when you already make a profit and do not expect a big profit this time.

[palle11]

But be careful because the price can get another push from the supports so close your trade when you already make a profit and do not expect a big profit this time.

Yes this is not a time for a long ride because the market is filled with uncertainty now. It is a time for short trades. Scalping should be the better strategy now as you don't know what the next call will be, to be in a safe end you don't go in a full or open your trade with expectations that the price will increase higher than reasonable. Of course we are not achieving ATH anytime soon so any profit now should be taken in good faith and appreciated.

[mindrust]

Quick question.

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months?  
Well, I have done it before.

The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying

Right.

But OP's super trusted source of TA guy says this is the ultimate dip.   According to him, this simply can not go lower than $40k. Are we going to ignore that fact? Because you know how it works with TA. You've seen the proof yourself. It is in the first post. Do you deny its existence? Heretic.

If you bought the dip and it went even lower, then I have bad news for you. Your TA guy sucks. Fire him and hire OP's TA dude. Looks like he knows his sheet.

[Coin_trader]

Quick question.

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months?  
Well, I have done it before.

The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying

Right.

But OP's super trusted source of TA guy says this is the ultimate dip.   According to him, this simply can not go lower than $40k. Are we going to ignore that fact? Because you know how it works with TA. You've seen the proof yourself. It is in the first post. Do you deny its existence? Heretic.

If you bought the dip and it even lower, then I have bad news for you. Your TA guy sucks. Fire him and hire OP's TA dude. Looks like he knows his sheet.

At what part of my post that stated that the current price is the dip? The yellow and purple line are the known and previous support which is the key price to determine what's the next move of Bitcoin. Its not set there just to set boundaries on the price if you misunderstood what's written on the chart.

The head and shoulder pattern is just a possible scenario if the price didn't go lower than 40K$. The TA or my statement didn't indicate that this is the exact next movement of Bitcoin. Just a possible scenario mate. Try read again my post.  

[SquirrelJulietGarden]

The market might move next in bear or bull phase but selling in dips, big corrections is not good idea. If anyone think that Bitcoin already start its bear market and missed chance to sell above $60k, let's hold tight and wait for bounce to exit.

Personally, I don't think Bitcoin will end its bull run but if I am wrong, I will not feel too bad because I have my long term plan with Bitcoin. I don't use mortgage, I don't borrow money from anyone else for my investment in Bitcoin, so my ability to hold is only depended on me.

If I have enough belief (sure) and patience (I am trying to practice it), I will get rich. If it is not in 2022, it might be in 2024 or 2025. It is not a too long waiting time for a good investment.

[el kaka22]

If you zoom out, you will find that the price is high compared to several months ago, and therefore there is no need to worry.

I remember that at the beginning of last year I sold some currencies when the price rose to the level of 42k support level, which was considered All Time High.
The resistance level at 42K is difficult to break easily and therefore is considered a good buy level.
It may be the last time we see Bitcoin this low.

That is the long term approach and unfortunately only a few people can do it, or at least few people talk about it. Reality is that at the start of 2021 we were around 30k, even slightly under it if I am not wrong, and somewhere around September we were at around a bit under 30k once again, now we are at 40k+ prices and people talk about like it is end of the days.

I do not get why people are so worried about this situation, but we all know that it is not something that is too dangerous, it is something very fine and we should not be worried about it. I get that we peaked at 68k+ levels and that is what people want, but just because we are not at the top prices doesn't mean that we are in the low prices neither. There is a big difference between those two, do not be happy that we are at 43k but do not be sad about it neither if you ask me, that's clear answer.

[andriarto]

here we are faced with a psychological war, where when the price is bearish as it is today, the assets we have will also fall, and it is hoped not to panic sell, but in my opinion we must have other thoughts, namely by buying during a situation like this time. therefore the importance of reserve funds to anticipate bearish conditions is highly recommended for me

[Jating]

If you zoom out, you will find that the price is high compared to several months ago, and therefore there is no need to worry.

I remember that at the beginning of last year I sold some currencies when the price rose to the level of 42k support level, which was considered All Time High.
The resistance level at 42K is difficult to break easily and therefore is considered a good buy level.
It may be the last time we see Bitcoin this low.

That is the long term approach and unfortunately only a few people can do it, or at least few people talk about it. Reality is that at the start of 2021 we were around 30k, even slightly under it if I am not wrong, and somewhere around September we were at around a bit under 30k once again, now we are at 40k+ prices and people talk about like it is end of the days.

I do not get why people are so worried about this situation, but we all know that it is not something that is too dangerous, it is something very fine and we should not be worried about it. I get that we peaked at 68k+ levels and that is what people want, but just because we are not at the top prices doesn't mean that we are in the low prices neither. There is a big difference between those two, do not be happy that we are at 43k but do not be sad about it neither if you ask me, that's clear answer.

I think you can't blame people who wanted to see the price higher.

I mean how many of them who did enter around $40k-$50k? So probably but this time they are all in a panic since their investments are not going nowhere. And maybe this people are first time investors who believed that the price will continue to soar even after a peak at $68k a few months ago. So there is a big difference in the sentiments of newbie and old investors are far as the price movement goes.

[Silberman]

Quick question.

Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months? 
Well, I have done it before.

The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying

That is the biggest risk of buying the dip and truth to be told there is no way to mitigate it completely, after all no one can predict what the market is going to do with complete accuracy so buying the dip still has some risks associated with it, still I think it is a good strategy, however it is one that requires a constant influx of capital to your fiat accounts so in the case the dip keeps getting larger you still have some capital available to buy the next dip.

[mindrust]

Just a possible scenario mate. Try read again my post.  

So it is one of those TA that says:

"If it goes higher, it will go up. If it goes lower, it will go down."

That explains a lot.

But you are missing one possible scenario. What if it goes sideways??

I don't know if it happened before but...

What if it goes backwards?

This TA sucks.