Bitcoin: Buy the F'n Dip???

Pullbacks after explosive moves are always expected. The real hard part of actively investing is gauging the strength of an asset and if it is in a "buy the fucking dip" mode.

Bitcoin pulled back hard today and has already bounced intraday. So the question is - do we buy the fucking dip?

Breather or Breakdown

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My opinion, and that is all it is. This is a breather and a buyable dip. Price nearly pulled back to the 10 day moving average working off the overbought condition and still remains strong. In fact any price above 14,200 is still very bullish and we'd need to see a price close below 13,800 before price action would lose its bullish sentiment.

It's starting to feel like the crypto market is completely out of the winter and seeing the sunshine.

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18 comments
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Nah its going to zero. It is worthless. Warren Buffett tole me so.

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Let me know when it reaches to 2010 level, That is what "dip" is for me :P
I will then buy boatloads of BTC and sleep.

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I will buy when it reaches the price it was the day Satoshi released the white paper.

Other than that, it is over priced. 😁

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I don't mind that price either.
Well, your comments reminds me that I was thinking to read the BTC whitepaper. This weekend for sure.

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Warren Buffett told me he's exiting the banking sector and buying precious metals for the first time ever :D

Sounds like a crypto endorsement to me, even from that dinosaur.

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Do what Warren Buffet says about crypto and your wallet will end up a barren wuffet compared to the opposite scenario.

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It definitely seems like moving up every passing day. Hoping it to come back to 13.8K range.

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Funny, when I woke up this morning, Bitcoin was higher than it was when I went to bed last night. So much about the dip. ;-)

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