⭐ Merited by JayJuanGee (1)
My fellow plebs, another indicator that might help give you more confidence in buying the DIP is the Bid/Ask Ratio. I personally haven't seen what the ratio currently is right now, but with the post-halving + post-ETF approval market conditions, the ratio would probably more positive than negative during this DIP. 
Well, the 200-WMA currently is moving up at a pace that is right around 40% per year, and so it can slow down in its appreciation rate or it can go up faster if the BTC price goes up faster, and so for sure the BTC spot price is going to get close to the 200-WMA again and perhaps even go below it, yet it is difficult to expect the BTC spot price to get within 25% above the 200-WMA or lower within the next 12-18 months.. (even though right at this moment, the BTC price is ONLY around 68% higher than the 200-WMA - see here).
Never say never, but we should be careful in terms of any kind of overexpectations in regards to BTC price correction that might not end up going as low as we might expect them to go.
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.
I think this will make some newbies to mess up their bitcoin accumulation plan because they might use the money they kept for their emergencies to buy the dip in other to accumulate more bitcoin at a low price and if there is any emergency they will not have money left to solve their emergency. Even though bitcoin is in a dip, newbies should stick with accumulating bitcoin with the DCA strategy so that they can accumulate bitcoin without trying to buy aggressively, which they didn't plan for. The DCA strategy is also good for accumulating bitcoin because it will also help newbies accumulate bitcoin when bitcoin is in a dip, and they will not be concerned about buying the bitcoin dip. With the DCA strategy newbies will not want to time the market in other to buy bitcoin at a dip, they can accumulate bitcoin even when it is increasing and decreasing and it also controls their emotions.OK, the DIP is coming and it's NOW the time for YOU to PAY ATTENTION. For those who employ a DCA strategy, it's probably a good decision to start making your purchases bigger. For those who employ a Buy the DIP strategy, start placing your bids NOW. Currently, the 200-Weekly Simple Moving Average is at $34,200. Will it touch that line again? Probably not, but near that line has always been a good buying opportunity.
¯\_(ツ)_/¯
¯\_(ツ)_/¯
Well, the 200-WMA currently is moving up at a pace that is right around 40% per year, and so it can slow down in its appreciation rate or it can go up faster if the BTC price goes up faster, and so for sure the BTC spot price is going to get close to the 200-WMA again and perhaps even go below it, yet it is difficult to expect the BTC spot price to get within 25% above the 200-WMA or lower within the next 12-18 months.. (even though right at this moment, the BTC price is ONLY around 68% higher than the 200-WMA - see here).
Never say never, but we should be careful in terms of any kind of overexpectations in regards to BTC price correction that might not end up going as low as we might expect them to go.
I was merely mentioning it as a guide for newbies who want to start HODLing. DCA at the current price = Good. But "IF" Bitcoin crashes down to that line or go below it TODAY = throw DCA out of the window and get as much cash as you can and buy Bitcoin.