When is the Correct time to Buy Dips

"Buy the Dip", these days its an everyday theme as crypto analysts, traders and big whales are always advising others to buy cryptos while they are down. Even Robert Kiyosaki once said that as he was giving a financial advise to buy  while its low.

What does Buying Dips mean?

Buying dips its when the market fall as a result of market correction or a crash and when its still down its called dips as the bears would have out numbered the bulls then traders and investors will take advantage of that and acquire more crypto assets.

What to do?

As always advised its good to buy dips but its not all about just buying. When it comes to crypto trading what matters most is patience though it must never be too much. Timing it what matter most so if you combine Patience and Timing you will buy value and sell at premium. Lets say a knife is falling, what is the best thing to do, to catch it while its falling or to wait for it to drop down then pick it up? Obvious it would be wise to pick it up after it falls because if you try to catch it you might hurt yourself in the process.

Review

I previously wrote an article and on that article i predicted BNB to fall to around $300 but it has not tested that low yet, the lowest it tested is $350 and its currently trading at $541 and i am hoping to buy until it hits $700.

I also talked about bitcoin and i predicted it to test $38400 and it tested that level now its trading at $50000, i am expecting it to continue buying until it reach $62500 and i will buy till that level and will ind a minor resistance around that price then it will break above.

Then Ethereum i predicted it would test $3000 and it fell as low as $2800 which is the key level now its trading at $4,031.93 and i am expecting it to test $3700 then maybe i will consider buying again.

Conclusion

This might be the right moment to buy dips but for someone who has Forex trading background combined with crypto technical analysis, it would be wise to wait for a clear setup and when it ready to buy we then buy but as for me i am not buying anytime soon as this setup might take days to complete.