Post
Topic
Board Speculation
Merits 1 from 1 user
Re: Buy the DIP, and HODL!
by
nara1892
on 21/01/2024, 16:43:40 UTC
⭐ Merited by JayJuanGee (1)

What I feel is that the market is not likely to move very high in the next one to two weeks and neither is it likely to move very low.

That is called consolidation, and sure maybe you might "feel" that we are going sideways for 1-2 weeks, but what is the basis for your feelings merely beyond just feeling such?  There is a lot that could happen in a short time, especially if there is a lot of money being juggled around in the bitcoin space, and sure maybe it will just neutralize itself, but who knows.  There is still potential for explosive moves or even gradual moves up or down, and none of that would be considered to be a 1-2 week consolidation as you are proclaiming to currently "feel."  

So what are you personally doing to prepare?  Are you already prepared for any possible direction?  Or you are ONLY prepared for sideways in the coming week or two?

On the other hand I can't if I only rely on feelings because I think this has absolutely nothing to do with the hunches that humans have, and if the question is what will happen to bitcoin over the next 1 - 2 weeks? yes maybe I will say on the basis of what I see with what is happening in the market now, to be honest I am less optimistic if I have to say that in the next two weeks from now the market will run sideways, as we see that now the price is moving in the support area and what I see is that there is already confirmation of a reversal that seems to be significant enough for the price to increase again, there is a potential possibility to touch the highest resistance at the beginning of this year in the area of $ 48. 900 and it looks like I will soon prepare additional funds to take advantage of this situation, I do not force you or anyone to follow it because there is no compulsion and the possibility of risk cannot be completely avoided, but for me this opportunity seems good enough to take at least until it touches resistance which is quite possible in the next two or three weeks.

Of course the market cannot be predicted very accurately and as you say it is true that in the end we can only speculate whether the price will go up or down, but for me and according to my experience I have enough confidence that the possibility of an increase is greater than a decrease, and still I will not forget my risk management, but even so basically still I can't be too confident in the decisions I make because after all this is an investment where the possibility of risk will always lurk and reality can just slap me when it turns out that I was too careless.