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AlanSantana
12 de Mai de 2022 18:37

Can We Buy Bitcoin Now? Is The Bottom In Yet? 

Bitcoin / U.S. dollarBitstamp

Descrição

As we have a new low many people are already wondering if the bottom is in, again...

Patience is key.

Wait for the weekly candle close, minimum.
The same goes for today, short-term.

Once a move starts to develop, it takes time before its final form shows up.

Since we've been expecting a major crash like this one for many months, we can say that the bottom is not yet in, there is more to come.

Patience is key...

If you want the full details about Bitcoin's bottom, see the chart below from December 20221

(Dec. 4, 2021)


And this one...


Feel free to leave a comment with your questions.

Thank you for reading.

Namaste.

Comentário

Back in November 2018 we had a similar pattern... It took 5 weeks after breakdown for the bottom to be set.
Comentários
biasedsenpai
I remember when you were calling for 50k (when we were at 44k) and I told you not to buy the fake pump. I'll be honest, even I didn't think it would drop this low my targets were 35k-37.5k for the washout but I'm done being a bear. My appetite is satisfied. I think 26k-30k is an amazing price to buy at. Don't use leverage unless you want to risk being liquidated. Don't use a loan. Make sure you can hold for at least 6-8 months. This is not financial advice.
Mikanoshi
@biasedsenpai, exchanges can give you a margin USDT loan for like 0.5% a month using your Bitcoin as collateral, liquidation with 2x leverage is not a problem unless BTC scams to 5k :) Keep stacking sats even if all you have now is sats ;)
PetrusdeCourtrai
@Mikanoshi, I think it's safer to buy leveraged coins on Binance Spot, like BTCUP, BTCDOWN, or BNBUP and BNBDOWN.
This should give you more than 2x and you can't get liquidated. No Margin stress. You trade on the Spot Market.
Try it some time. Much safer than leverage.
Mikanoshi
@PetrusdeCourtrai, thanks, looks good, only I'll have to sell BTC for USDT first to buy them :)
Solldy
Even though I don't support such a sentiment, it would be an alarming signal for my strategy, so thank you for your work!
Crypto-Frantisek
@Solldy, i agreed
DeGRAM
Thank you for your analysis.
TruePrimeOne
Down down down we go. 20K and below 14K major support.
TruePrimeOne
@TruePrimeOne, Still looking at 14k
Mikanoshi
@TruePrimeOne, don't be so optimistic, bottom was already in until we figured out that top 2 exchange was run by degens :)
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