Quick question.
Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months?
Well, I have done it before.
The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying
Have you ever bought the dip, but then the price breaks through the support and continues dropping deeper for weeks or months?
Well, I have done it before.
The problem may not be panicking but may be determining the actual dip before a pump.
Not every dip is worth buying
Right.
But OP's super trusted source of TA guy says this is the ultimate dip.
According to him, this simply can not go lower than $40k. Are we going to ignore that fact? Because you know how it works with TA. You've seen the proof yourself. It is in the first post. Do you deny its existence? Heretic.If you bought the dip and it even lower, then I have bad news for you. Your TA guy sucks. Fire him and hire OP's TA dude. Looks like he knows his sheet.
At what part of my post that stated that the current price is the dip? Do you even know what's the meaning of the line on that TA? The yellow line is the known support which is the key price to determine what's the next move of Bitcoin. Its not set there just to set boundaries on the price if you misunderstood what's written on the chart.
The head and shoulder pattern is just a possible scenario if the price didn't go lower than 40K$. The TA or my statement didn't indicate that this is the exact next movement of Bitcoin. Just a possible scenario mate. Try read again my post.