THE BIG BUY OPPORTUNITY FOR BITCOIN IS HERE!!!

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b45edhashFull Member
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#1Jul 5, 2018, 04:56 PM
Lately, bitcoin's been on a downward trend, which has got some investors worried. But for many, they see this just as a temporary drop. You know the saying, buy the dip and hold on tight. Right now, according to various analyses, this could be the perfect moment to scoop up some bitcoin, like, right as I’m typing this. So the big question is why? Historically, trends have been used to forecast future movements, and they’ve often been spot on. Bitcoin tends to follow this cycle of breaking its all-time highs and then retesting those levels. That retest is what we call the dip, and once that happens, there’s a good chance it’ll bounce back up. The pressing question is when will this dip end and the price start climbing to hit a new all-time high? I’d say it’s happening now! Historically, bitcoin respects the Fibonacci retracement levels, particularly around the 0.5 and 0.618 levels. This has been observed not just in bitcoin but across other coins too. So, this could be the end of the dip, leading to a bullish run. If it fails to hold these Fibonacci levels, we might see bitcoin dip below $50k. But honestly, I think we’re at the bottom of this dip, making it a prime time to invest.
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sat_2018Senior Member
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#2Jul 7, 2018, 08:30 PM
2 maybe 3 points of contact on that trend line. Ideally there would greater number of prior tests that resolved positively, to reflect a better chance now too.   It might need to be confirmed a few more times before it actually takes off.    Usually we require multiple points of view to coincide before power is added to that possible trend of buying.   So in addition there is the yearly average just below the recent closing weekly lows, so that helps the case some for long term momentum being in this area and remaining positive despite the recent sell the yearly average remains positive I believe.   For some people a proper sell is when we hit the 200 week average & its much lower 45k.  I wont argue that but I think we might push past your bullish scenario, negate it for a week or more before then gathering some positive trend.   i.e. you will be tested its not an easy bounce it rarely is.
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hodler2019Legendary
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#3Jul 9, 2018, 11:09 PM
It's 2021 April btc flying high. China bans mining and btc crashes in May. China acted as the 2021 cooler Now it 2025 btc doing well up until Trump gets sworn in. He talks tariffs tariffs tariffs. Btc slumping bigly. So it seems USA is the cooler this time. Well maybe we go to 111k in 2025 nov
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mike.chadSenior Member
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#4Jul 10, 2018, 01:17 AM
Good question that you gave the answer as now and furthered it with your fibo retracement analysis but looking at the chart, it doesn't look like now is the right time so that you don't catch a falling knife. There is no need to rush in when the price have consistently been down since last month at the mention of strategic reserve order by Trump. Trump seem to have that manipulation that is pushing price down even when it is suppose to go up.
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paulyieldSenior Member
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#5Jul 10, 2018, 06:13 AM
Can agree with the fact that BTC keep breaking all time high, then retest, literally the sums up this entire cycle's price action. I also personally think we just gonna see the previous rally repeated again, breaking new all time high after retest where it's basically letting the weak hand retailers to go out of the market and then rally starts. But since there's always chance that price might dump further, best course of action is still DCA. because you just don't time the market if you don't want to lose.
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viper_blockSenior Member
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#6Jul 10, 2018, 08:45 AM
The situation now is still good to buy back Bitcoin as we believe the price will soar to the new highest price in the future. We are not yet see the rally of Bitcoin price so the chance will still be there. If we don't use this chance to accumulate more Bitcoin, we may regret when we see the price start the rally so need to continue our DCA to have more Bitcoin. If somehow the price is back to below $80k, we must not panic because we are seeing a big discount and use that for our benefit to have more Bitcoin. Some people say that the price could down and stay below $70k but that still prediction especially if more bad news release. We need to still carefully with the market situation and make sure analyze before deciding.
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vault_2009Full Member
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#7Jul 10, 2018, 01:28 PM
Yeah, it seems that bitcoin is highly manipulated by politics and corporates these days whereas without these, bitcoin showed up good rallies in its previous cycles especially during the bullish part of previous cycles. 2025 has been expected as a strong bullish year but unfortunately we are in range bound to bearish trend for more than 2 months of time. Probably instuitions are still waiting for more in-depth lower price level to jump in. When governments and instuitions are working together for manipulating prices for their preferred level, I believe the cyclic nature of bitcoin will obviously get disturbed which is the exact situation what we are having right now. You mean, a new ATH is viable only by November? I disagree. I believe into the fundamentals of bitcoins, like we will see a new leap in mining hashrate in very near future and in then transactions fees hence BTC price will follow that leap regardless of what US government is dictating.
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BasedPixelFull Member
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#8Jul 10, 2018, 04:41 PM
Where are we now? We can see that the market has recovered potentially from what some called bear season. Once again, the market has returned positively, anything can happen from here, Bitcoin can decide to retake Dip or start a new ATH from here. If you attempt to meet a bear part of the market, this is not bearish not even worth to frighten any investor, we all waiting for newest ATH before talking about bear season, those who choses to be frighten by Dips should get prepared because due to how the market has traced we might experience some shocking bear outcome when the time reaches.
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mike.chadSenior Member
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#9Jul 10, 2018, 09:49 PM
Bitcoin price touching 84k is not yet recovery because it almost touched that range after Trump announced strategic reserve but it quickly went down to around 75k. I believe if we are able to see 90k within the next week then we can be positive about the recovery and start speculating 6 digit for it but as it stands now we are still looking at ranging prices even though it was really bullish today gaining about $3k today.
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t0m2020Senior Member
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#10Jul 10, 2018, 10:12 PM
Not yet. If this silly levy this tariff that maybe not actually wait, can have so much effect, then we are bound for a literal ride until the news has set in, and then actual agreements are in place. Unilateral calls will not stay in place. Now, if these numbers become concrete, the markets will shudder. Worst yet to come. Yours truly, armchair expert.
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maxbridgeFull Member
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#11Jul 11, 2018, 01:04 AM
Regardless of what your opinion may be, buying at the DIP when invested on Bitcoin has a strong hold of confident that it price will rise to the recovery of the ATH and then breakout to see other ATHs where investors who bought then will be assured of accounting profits from the onset of the market gaining momentum. Why buying at the DIP is a good entry is that you will be accounted to make profits at any market increase which you can accumulate very good values ahead when the bear turns bull which of course after the market price dump comes price pump.
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Gig4L0rdSenior Member
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#12Jul 11, 2018, 03:22 AM
It's been a long time without certainty, a slow and gradual rise can be destroyed with just one bad news, tariffs and tariffs are talked about, always the ultimate weapon to make a massive economic collapse, not only one country is badly affected, but many countries feel the impact, the moment we all waited for ended badly [Donald Trump], policies made based on greed are the main cause of misery for many people, we should be celebrating the Bitcoin price which is currently at $150k$200k, but some people don't want this to happen too soon and this won't be the last, there will be other surprises in the future, be careful.
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