it is $9600 right now and the answer is yes it is the time to buy but what you want to do is that you usually should place multiple orders so that you can spread your orders to try and get the best overall result. and you should combine that with your analysis of the market. for example you come up with a price based on your analysis that is the most possible candidate for the bottom and then you place the bulk of your buy orders at that price and smaller percentages on prices higher and lower than that level. now this strategy may reduce your profitability by a little bit but it decreases the risk you are taking by a lot (if your analysis was good).