Bitcoin prices falling down best time to buy

i would not invest in bitcoin, but since folks are talking about the best time to get in; here is my simple chart configuration that has helped me 90% plus of the time across any stock. take a look at CCI section. follow this signal!

https://stockcharts.com/h-sc/ui?s=$BTCUSD&p=D&b=5&g=0&id=p12519763084
1619167551398.png

if others use stockchart, would appreciate a URL of your settings. thanks in advance.
 
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Oh... I bought some BTC when its price was around $60K but now I have no clue what to do :)
I hope it will not be dropped to 30k
 
maxmayer said:
Oh... I bought some BTC when its price was around $60K but now I have no clue what to do :)
I hope it will not be dropped to 30k
Click to expand...

You can either buy more at a lower price to get your average position down or just hold and wait patiently till it goes up again.
 
ddlmanager said:
You can either buy more at a lower price to get your average position down or just hold and wait patiently till it goes up again.
Click to expand...
Have you done the same? I can't say much about this idea... I'm afraid.
 
maxmayer said:
Have you done the same? I can't say much about this idea... I'm afraid.
Click to expand...

I am a full time trader, but I do trade intraday so I don't hold position longer term.

Well, it's a personal decision. It depends on how much have you invested, if you plan to hold long term and many other factors but overall if you plan to hold long term it's a very good idea to keep buying small stacks as price is retracing. Let's say you invested 10k at 60k price, you can buy 10% of that at 48k and add 10% every time price drop 2-4k in price or if you have a precise level you think price will reach you can buy a big share at that zone. That if you think price will still go up which is likely in future.

I just saw the 4h chart very fast as I trade forex and indicies and not crypto but price can reach the 42/40k area and then goes up again but I haven't done a proper analysis on that so don't take it as financial advise.
 
here is the reason of this https://www.cnbc.com/2021/04/22/biden-to-propose-capital-gains-tax-hike-to-fund-education-and-child-care.html
 
I feel pissed for lending and selling my Bitcoins in 2014 :weep:
 
Guys don't buy right now, its not the best idea as we don't know if Biden is going to pass the tax bill if news passes that he will most of the whales will sell straight away (short btc (3x) as you soon as you hear the news) since if they don't they will lose huge profits for no reason, this could cause the price to crash and obliterate your btc holding. Also even if Biden doesn't, its unlikely btc will increase to 60k (from 50k) for a while after so you still have time to buy at a good deal.

Also not financial advice.
 
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24 - 48 hours - watch for another hard drop down below $48,000.
 
Actually, since this thread was started, BTC price has increased 0.88%.....
 
It just made a double top on the weekly chart. What could mean a trend change . I am personally waiting for a rebound in a couple of days and sell all my crypto .
 
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