You didn't answer my question at all. Either the price will go up or it will go down, do you have a price where you start buying back in?
To the downside or the upside? You didn't specify so I didn't know how to answer...
OK, let me make the question clearer for you to understand (I guess I had rolled two questions into one, so let me split them out separately):
First question: If the price of bitcoins continues rising, at what point do you say "I could make some money by buying bitcoin and riding this wave up" and buy back in?
Second question: If the trend reverses and bitcoin price starts dropping, at what point do you say "I better buy some so I don't miss the bottom" and buy back in?
This I can answer...
First answer: It depends. I don't have a concrete number in mind. It's going to depend on whether or not the market shows enough stability to justify assuming more risk and what prices we're trading at that point in time. It would be an opportunistic trade decision...
Second answer: I'll start buying in an upright pyramid fashion between $60 and $55, and continually buy more as it drops to keep averaging my cost lower and lower.
See, that was not so hard, was it?
This reminds me of a text adventure game I played when I was little. It was frustrating because you had to use the exact key words to do anything in the game, but sometimes the word they were looking for was not obvious.
Does it really matter to you when is he going to buy/sell?
considering his record of failed TA's and conclusions, I wouldn't take any advice from this guy. Just a warning!
considering his record of failed TA's and conclusions, I wouldn't take any advice from this guy. Just a warning!
I am not saying I would take technical advice from him, just trying to get abetter idea of where he sees the market going.
Fair enough!
And I know what you mean by the previous statement. Maybe because he's "coding" so he needs the exact input to have output.