So right now we are buying moment first, and I can see in the chart of the price reversal for the new trend rally these few days from now. I can see something based on my analysis that is noticed in the graph.
I think the buying time is already over. This time is for waiting the selling time (exit). We already have many dumps, most of us must already buy Bitcoin many times. The pump was also happened already, I think everything looks like as you predicted.
If you think that the buying time is over, does that mean that newbies no longer have the opportunity to buy and they should not invest in bitcoin? And what if all the newbies think like you and we won't have new money flowing into the market, where will you get the liquidity and how can you sell bitcoin at a high price? This is the financial market, how can you sell your bitcoin if no one is willing to buy it at a higher price?
Also, if you have enough faith in bitcoin and believe it can reach $100k this bull season, then buying at $70k isn't too bad. A profit of 30% is not small and not easy to earn if you do a traditional business.
Personally, I think that the more important point is that no one is going to be prepared for UP unless he buys bitcoin. So it does not matter the price if you happen to be a low coiner or a no coiner, and if you want to prepare for up, you need to buy. You don't prepare for up by waiting for down, since it is not guaranteed that down is going to happen, even if a bunch of weak hands are selling their coins, it does not mean that sellers are outpacing buyers.. so no coiners and low coiners are going to need to be careful if they are waiting before they buy BTC.
Another thing is dumb twats who are trading the best asset that exists, and so they think that they can sell and buy back cheaper, and so they are going to be out of luck if the BTC price ends up not correcting, merely because they speculate that it is going to drop. We have witnessed a lot of regrets from folks who sold too many coins too soon, and generally speaking we have a world in which an overwhelming majority of folks do not have enough bitcoin and most of them don't realize that are underallocated to BTC by their failure/refusal to adequately/sufficiently buy some. (or enough).