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Those out there waiting for a signal to buy back in, what more of a signal could you be waiting for??

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by COINS NEWS 214 Views

Title says it all, there is a not insignificant portion of this sub waiting to buy in at 'the bottom' or at least as close as they think they can. Despite the fact that the market is already down on average a rough 50% of ATH they think they can time it even better.

They say they will buy back in when they see the market is starting to go back up again, obviously ignoring the question of 'what happens if it races up before you buy back in?'

I say, I think you've got your sign already and are ignoring it. Since BTC dropped Jan 8th the bottom of each dip has been getting less and less deep while the peaks are generally getting higher and higher.

At the same time BTC 24 hour trading volume has also significantly dropped and is now barely hitting the Β£XXB double digits.

So yeah, while there are no guarantees in this market, we have had 2.5 months of upwards moving average price point with a decreasing volume showing that the last of the paper hands have finally fallen which should significantly decrease the selling pressure. There is real reason to believe that the dip Jan 23rd was the bottom and every day we're just moving further away from it.

submitted by /u/xavierwest888
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