Here comes the nocoiners again. From my perspective, a good correction is necessary before btcusd goes up again next year. Ever heard of buy low, sell high? It's hardly buy high, sell higher, unless you're super lucky. What's happening now happens every single time after a bull run, just open up your btcusd and check out the past 5 years. When everyone is no longer talking about btc, that is precisely when you should load up on discounted btc before the next bull run (probably next year)

Here is a tip, buy low but at sign of recovery. Don't just blindly topup.

Oh but there is, for btcusd at least. Just look at past data, on high timeframes. Not all recovery setups work, that's why I place my stoploss right below the setup, those that do work can easily earn more than 100x amount risked when the bull run appears.

Look at weekly chart. You have 2 days till it closes to attempt to push against that huge red candle, which is highly improbable. Wait till next week's close to decide whether to enter or not.

Kp spending less time bukak thread bobo, now he serious in forex and crypto

Yes! Go down please! The only way up is down!

Precisely, that's why important to aim for the dip, but not catch falling knife. And set frigin stoploss lol.

Hodl is not da wae.

Take your profits -> capital becomes much bigger -> reinvest in next bull run.

Imagine all the money being left out by hodlring

Glad you asked. That is up to you, but if you wanna sleep peacefully at night, knowing that you have taken the best profits, while leaving enough room for price to go up, this is what I would do.



Get to monthly chart, and get out when the last bullish month has been engulfed or touched. I personally exit at the engulf.

This is da wae

Because market is controlled by sharks. Sharks eat ikan bilis like us in order to profit. So swim with the sharks, and eat the other ikan bilis along the way.

What if I told you there is a way to buy the dip without ever running out of cash? Forex traders would know, lol.

Let's say you have usd10,000 to invest into btcusd. Most people would split it to maybe 3k+3k+4k to buy dips, after that pokai, no more capital.

What you need to do it risk 10% of the 10k to buy the first dip, set a stoploss value at the point where your capital would have dropped to 9k. If you're taken out, take that 1k loss like a boss. Then repeat with risking 10% of 9k to buy the next dip, and repeat the process until you caught the right dip.

Yes there is no free lunch, as you can see each dip that failed has lost you 10% of your remaining capital, but the plus point is that you will always catch the most optimal dip before price shoots up with the bull run, and recover all your previous losses with many times more profit.

Yes, you're mostly right. Let's follow your example:
a)Risk 10% of $10k buy btc @100k; fails
b)Risk 10% of $9k buy btc @90k; fails
c)Risk 10% of $8.1k buy btc @80k;fails
d)Risk 10% of $7.29k buy btc @70k; fails
e)Risk 10% of $6.56k buy btc @60k; fails
f)Risk 10% of $5.9k buy btc @50k; fails
g)Risk 10% of $5.31k buy btc @40k; fails
h)Risk 10% of $4.78k buy btc @30k; successfully capture bull run to btc @200k

Your original $4.78k worth of btc is now $31.87k, minus $5.2k losses = $26.65k nett profit

Let's say you split $10k to just buy the dip method normally @100k, 90k & 80k, averaged price to 90k, your gains when btc @200k is $22.2k nett profit. So there are some gains from my method, IF price dips a whole lot. If price doesn't dip much, then the usual cost averaging hodlr method would produce more gains.

This post has been edited by Supreme1394: Mar 1 2021, 03:26 AM

The week has just begun

Week has just started, it's normal for first day to reverse to trap poor souls before resuming downward.

So you have decided.

Meanwhile, im just eating popcorn. Sigh btc, go up also dun wan, go down also dun wan.

DDD!,BBB!

Not a crash lul, just a retracement. What goes up, must come down, for it to go up.