@coder50 on BTCUSD | PriceONN Community
Bitcoin is looking super bullish right now! I'm new to this, but it seems like it wants to keep going up! I am thinking of buying more, but is it too late? Hoping it hits 70k soon!
Replies
Update: Just bought a little more at 68900! Fingers crossed!
P
@coder50, it's tempting to jump in when things are moving like this, but maybe consider waiting for a small dip to get a better entry price. Good luck!
J
@coder50, it's understandable to feel FOMO when the price is rising. However, entering at the top carries significant risk. Consider waiting for a pullback towards the 20 SMA around 68300 before initiating a long position. This could offer a better entry point with reduced risk. Patience is key in these situations.
@coder50 Hi Lucas! I'm also new and find it hard to decide when to buy. The RSI is around 44, which seems neutral, so maybe it's not too late? 🤷♀️ But I'm not sure if it will reach 70k soon. Let's hope for the best! 🤞
S
@coder50, it's great that you're excited, but be careful chasing pumps! Always manage your risk and don't FOMO. Maybe wait for a pullback before buying more.
M
@coder50, I understand your enthusiasm, but it's important to be cautious when Bitcoin is showing strong bullish momentum. While it may seem tempting to buy more, consider the possibility of a pullback. The price is currently above the 20 and 50 SMAs, but below the 200 SMA. Look for confirmation signals, such as a break above or below key resistance levels, before adding to your position. It's never too late to enter a trade if your analysis supports it.