In buying the dip, one should have it in mind that anything can happen.it is either you come up succesful and make gains or you loose .i will say it is important to take risks although, it pays.
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There is nothing or technical analysis that could tell the time to buy at dip. Currently what we have been hearing is buy the dip, buy the dip, but now the dip as gotten dipper.How do you know when to buy the dip or sell your position? Do you think it ultimately comes down to pure luck or is there a strategy behind it? Most people HODL and buy during dips but there is a small percentage who sell their positions.
Cryptocurrency is all about luck and sometimes look can actually be in play according to what you have actually said that is why most people just invest in any little bit currency that is out in the market.Sometimes luck could actually be on play, but i believe there is actually a strategy of when to buy during a dip and when to sell off. And i believe its based on personal point of view in the sense that you sould set your goal, this is how much i can afford to loose once it gets to this point during a dip i need to pull out.
The funny thing about buying the dip is that you wouldn't know when the dip will stop, you buy a coin at $500 and you are happy the next the coin is doing $320 yo will feel cheated by the dip.There is nothing or technical analysis that could tell the time to buy at dip. Currently what we have been hearing is buy the dip, buy the dip, but now the dip as gotten dipper.
The thing is that all the two currencies in the market are going through a dip so this is definitely the best time of the year to buy cryptocurrency and hope to get a lot of returns on your investment.Personally, I don't have so much big money invested in Crypto as to warrant me to study the market too much or do some technical analysis. I am just holding some money in some few coins and watch out for any opportunity to take advantage of. That's all.
You don't just buy the dip for every coin , the dip is best for top coins like BNB , bitcoin , ethereum and DOT . You can only sell your position during the dip if the dip still allow you to have your capital .How do you know when to buy the dip or sell your position? Do you think it ultimately comes down to pure luck or is there a strategy behind it? Most people HODL and buy during dips but there is a small percentage who sell their positions.
It is outright ignorance and lack of patience to learn what is expected. This is why it is good to get a reliable mentor who won't allow you to lose money that way.Some people do that especially those new to the market. They invest thousands of their funds in shit coins that can easily turn to zero and end up rekt.
..Hmm.. you are trading likewise, what you do is also technical analysis reason being that you also look for opportunity to take advantage of.Personally, I don't have so much big money invested in Crypto as to warrant me to study the market too much or do some technical analysis. I am just holding some money in some few coins and watch out for any opportunity to take advantage of. That's all.
This strategy is also very good to check the analysis of those we consider as an authority in the market place to do all the speculation and analyse the trends before one would be able to jump into the fray and buy.I follow analyst reports and signals. Sometimes they pay off other times it turns out bad. Usually I check the buy and sell other. Not good at analysing growth and fall for now. I have just been dependent on others
You're right bro because there are many people that are good in technical analysis but they don't have risk management putting stop loss is very good.If you want to know when to buy the dip , calculate the percentage drop of the coin you are investing using technical analysis i am good in that , but make sure you always remember to set your stop loss
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If you want to know when to buy the dip , calculate the percentage drop of the coin you are investing using technical analysis i am good in that , but make sure you always remember to set your stop loss