Quote from: magneto on February 27, 2021, 09:32:17 PM

I'm not saying that they are though. I do think with the current level of institutional participation and market fervour that the FOMO will continue until at least the end of the year. I just don't think it's a very bright idea to "buy the dip" every time because of an iffy "resistance" or "support" level that may or may not exist - it is much safer to approach the analysis from a fundamentals perspective.

Nothing beats the Fundamental perspective but with TA being reinforced, we can see a more accurate price prediction than just TA alone. And buying the dip is always good in my opinion if we are into a daytrade since we can easily sell it at a profit if everything went well, but of course long term hodl and selling at a perfect time is the most profitable venture.

Quote from: bvoriue on Today at 08:39:31 PM

It is also true that now is the right time to buy Bitcoin, I am also speculating that the price of bitcoin will not drop below 40k.

Well, I happen to believe the Bitcoin 4-year cycle so this drop is just another higher low, and the bitcoin bull market doesn't end here (as per the 4-year cycle). In that theory, Bitcoin will continue to surge until the end quarter of this year.