Did you buy the Dip?

in LeoFinance2 months ago

Bitcoin just hit $30k and I'm a buyer again, are you?

After hitting $42k several days ago, the bottom finally fell out and bitcoin tanked by roughly 25% from its highs.

image.png

(Source: https://bittrex.com/Market/Index?MarketName=USD-BTC)

Continuing to follow a pattern we have seen the last few weeks where bitcoin is weak on Sunday and dies on Monday.

Then it rallies the rest of the week.

I briefly touched on it in a post yesterday, but here's the chart showing exactly that kind of price action:

image.png

(Source: https://hive.blog/hive-167922/@jondoe/i-m-seeing-a-trend-here)

I think we are going to see more of that again this time around.

The price has already gone lower than my graphic above would have indicated so it's probably time to buy.

I bought around $31k, didn't quite get those $30k lows unfortunately, but it's already starting to bounce for me.

I bought, did you?

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It seems that most people including the media think markets always go up. Then everyone freaks out when there are price dumps. It’s best to ignore the noise and buy the dip.:)

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While some forget about dips in bull markets others are making the most out of them. You might have not nailed the exact drop, but quite close I'd say. At least had the call for something.

Posted Using LeoFinance Beta

Yep exactly. The buy looks pretty good now.