Don't blindly buy the dip, don't blindly buy the dip, don't blindly buy the dip. Until the market gives a clear signal, any actions against the trend will only serve as fuel. You think it's very low, but it can go even lower. You think it has dropped so much that it can't fall further, but it will show you. Continuous divergence, extreme fear and greed are all standard features of trend markets, nothing new. It may rebound strongly at one point, but before that, you'll be wrong 80% of the time because most reversals will fail. Here's an even worse news: there are still lows to come today.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
3 Likes
Reward
3
6
Repost
Share
Comment
0/400
Mingyu-H
· 11-21 05:30
If the US economy collapses, it is estimated that Bitcoin could reach 20,000.
Don't blindly buy the dip, don't blindly buy the dip, don't blindly buy the dip. Until the market gives a clear signal, any actions against the trend will only serve as fuel. You think it's very low, but it can go even lower. You think it has dropped so much that it can't fall further, but it will show you. Continuous divergence, extreme fear and greed are all standard features of trend markets, nothing new. It may rebound strongly at one point, but before that, you'll be wrong 80% of the time because most reversals will fail. Here's an even worse news: there are still lows to come today.