Bitcoin: Buy the F'n Dip???

in LeoFinance3 years ago

Pullbacks after explosive moves are always expected. The real hard part of actively investing is gauging the strength of an asset and if it is in a "buy the fucking dip" mode.

Bitcoin pulled back hard today and has already bounced intraday. So the question is - do we buy the fucking dip?

Breather or Breakdown

image.png

My opinion, and that is all it is. This is a breather and a buyable dip. Price nearly pulled back to the 10 day moving average working off the overbought condition and still remains strong. In fact any price above 14,200 is still very bullish and we'd need to see a price close below 13,800 before price action would lose its bullish sentiment.

It's starting to feel like the crypto market is completely out of the winter and seeing the sunshine.

Posted Using LeoFinance Beta

Sort:  

This is not a dip. This is a joke.
A true buying dip would be $10400.
But are we lucky to see this ? Ever...

Posted Using LeoFinance Beta

Heck, I'll be excited to see 13,800 for a dip!

Posted Using LeoFinance Beta

Did you see this?

More coins were removed from exchanges than the last 5 years.

IMO trading during November is a fool's errand.
Been saying this for six months now.
Don't go bearish during no-dip-november.

Nah its going to zero. It is worthless. Warren Buffett tole me so.

Posted Using LeoFinance Beta

Let me know when it reaches to 2010 level, That is what "dip" is for me :P
I will then buy boatloads of BTC and sleep.

Posted Using LeoFinance Beta

I will buy when it reaches the price it was the day Satoshi released the white paper.

Other than that, it is over priced. 😁

Posted Using LeoFinance Beta

I don't mind that price either.
Well, your comments reminds me that I was thinking to read the BTC whitepaper. This weekend for sure.

Posted Using LeoFinance Beta

Warren Buffett told me he's exiting the banking sector and buying precious metals for the first time ever :D

Sounds like a crypto endorsement to me, even from that dinosaur.

Seems Warren is going by my footprints. With only lagging ... by some 3-4 years. 😃🤪

Posted Using LeoFinance Beta

I thought there was only one dinosaur in crypto.

Was signed,

Hypersensitivosaurus

Posted Using LeoFinance Beta

Do what Warren Buffet says about crypto and your wallet will end up a barren wuffet compared to the opposite scenario.

Posted Using LeoFinance Beta

Exactly, buy gold instead! Hahaha

Posted Using LeoFinance Beta

It definitely seems like moving up every passing day. Hoping it to come back to 13.8K range.

Posted Using LeoFinance Beta

Yeah, don't know if we get that opportunity but hoping so. As long as it holds at that price and bounces!

Posted Using LeoFinance Beta

Funny, when I woke up this morning, Bitcoin was higher than it was when I went to bed last night. So much about the dip. ;-)

Posted Using LeoFinance Beta

I want to buy more at resistance/support line you got there at $14k.

Posted Using LeoFinance Beta

Yeah man, I don't know if we will get that opportunity but hope so.

Posted Using LeoFinance Beta