So excited to see Bitcoin coming down to $59,000 after waiting for a long period of time to see such opportunity to buy more Bitcoin, I just bought 4.5 Bitcoins at the present price which am feeling happy for at last am among the new Bitcoin whales at the moment.
just assured that you're buying at the real support level of bitcoin because if not there's a chance for it to go down more until it find the real strong support..just imagine how it breaks those ATH within this year. I hope there's no massive dump after all this correction because you know holders always panicking when they see bitcoin growth rates continue falling.. So i hope it will not happen..
Buying at supports is one of the efficient way to buy on a dip market but you should accompany it with patterns and indicators that this support will really hold on once sell pressure execute. Traders that put order on that support might cancel it or whales eat it by doing market sell if the trend is very bearish. Take note that breaking support is the start of massive sell-off so buying on that is actually a double edge sword, If the price bounce back after it hits then its a big gain for you but if the opposite happened, You can suffer incredible loss especially when you didn't set any stop loss.