@docampo710 on BTCUSD | PriceONN Community
D
Is now a good time to buy more BTC? 🤔 Or should I wait for a bigger dip? Hmmm...
Replies
Danilo, timing the market is always tricky. With the current bearish trend and the price below the 200 SMA, it might be prudent to wait for a clearer bottom before adding to your position. Consider dollar-cost averaging to mitigate risk and get a better entry point over time. Don't FOMO.
Z
@docampo710 That's a great question! Given the RSI is quite high at 81 buying right now might be risky for a short-term entry. A small pullback would be healthier for new positions but the overall trend is very strong!