Bitcoin

Courage

Read

<ul>
 <li>Doctor Profit advocates last week’s weekly update’s accuracy.</li>
 <li>He shares what to expect this week and to trust the box as he explains in his post.</li>
 <li>Patience is advised more than all else and courage to buy the dip in a bullish market.</li>
</ul>
<p>Silver-tongued crypto and Bitcoin analyst <a href="https://twitter.com/DrProfitCrypto" target="_blank" rel="noopener noreferrer nofollow">Doctor Profit</a> shares his latest weekly repost about what’s next for the pioneer crypto asset. This time the report begins with a psychological analysis, he begins by explaining how his <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-unveils-latest-bitcoin-market-insights/" target="_blank" rel="noopener noreferrer nofollow">last prediction was accurate</a> despite all the noise.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> – What's Next?<br><br>The big Sunday report, all you need to know<br><br><img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6a9.png" alt="🚩" class="wp-smiley" style="height: 1em; max-height: 1em;"> TA/LCA/Psychological Analysis: A lot of noise this week, as people couldn't believe to see how DrProfits' prediction went wrong according to their low IQ. Just to realize a few hours later that Doc was… <a href="https://t.co/vemAr1xufv" rel="noopener noreferrer nofollow">pic.twitter.com/vemAr1xufv</a></p>— Doctor Profit <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f1e8-1f1ed.png" alt="🇨🇭" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@DrProfitCrypto) <a href="https://twitter.com/DrProfitCrypto/status/1787165651372544251?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">May 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Doctor Profit’s last report saw the latest Bitcoin (BTC) dip yet it guaranteed that the price would rise. Still, the prediction was met with a lot of skepticality. He says those who believed his last report would have secured themselves a nice portion of the previous market dip.</p>
<p>He mentions how the last dip tested those in fear. Could they rise amid the fear and buy the dip or dip the give into the fear? Staying resolute and vigilant is important in a volatile market such as the crypto market. After all, soon after the dip, Bitcoin (BTC) reclaimed the MA100 daily and closed above it. This, in fact, was in Doctor Profit’s last prediction.&nbsp;</p>
<p>He then takes a moment to highlight a repeated element in his weekly predictions which is the fact that USDT is non-stop printing. This points out to an important historical fact during every bull market. Doctor Profit says he saw this since BTC ws in $60,000 in 2021 and he called the BTC crash of $18,000.</p>
<p>He says the recent dip was similar to that wherein the market needed the liquidity and these liquidations bring prosperity to the market. The latest liquidation brought $110,000,000 to the market. Thus, he advises readers to take his predictions seriously.</p>
<p>Presently, the crypto market is sitting at fear on the <a href="https://alternative.me/crypto/fear-and-greed-index/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin Fear &amp; Greed Index</a>. He predicts that this marks a pivotal moment for this <a href="https://cryptonewsland.com/renowned-analyst-doctor-profit-predicts-bitcoin-surge-beyond-100k-after-halving/" target="_blank" rel="noopener noreferrer nofollow">crypto cycle when big money will finally start flowing</a> into the crypto market for the first time since 2021.&nbsp;</p>
<p>Signs for this big inflow is proven by the USDT mass printing, BTC ETF approval, and another many on-chain bullish signs. Doctor Profit then throws light on all the naysayers calling for the end of the bull market and a further fall in Bitcoin price.&nbsp;</p>
<p>He closes by saying the market wants investors to lose but investors need to be smarter. He advices patience above all else and shares his strategy for the moment. He says he will continue to add more in the bottom and advices traders to not miss on big dip opportunities. He says to trust the box mentioned in the post and to stay tuned to next week’s weekly update.</p>
<h4 class="wp-block-heading" id="h-read-also">Read Also</h4>
<ul class="wp-block-yoast-seo-related-links">
 <li><a href="https://cryptonewsland.com/xrp-community-awaits-judges-judgment/" rel="noopener noreferrer nofollow">Patience Prevails: XRP Community Awaits Judge’s Judgment</a></li>
 <li><a href="https://cryptonewsland.com/xrps-historic-milestone/" rel="noopener noreferrer nofollow">XRP’s Historic Milestones: Awakening the Sleeping Giant</a></li>
 <li><a href="https://cryptonewsland.com/renowned-analyst-reinstates-bullish-prediction-as-bitcoin-soars-to-recovery/" rel="noopener noreferrer nofollow">Renowned Analyst Reinstates Bullish Prediction as Bitcoin Soars to Recovery</a></li>
 <li><a href="https://cryptonewsland.com/turning-mistakes-into-milestones-ai-and-crypto-investment-strategies-for-success/" rel="noopener noreferrer nofollow">Turning Mistakes into Milestones: AI and Crypto Investment Strategies for Success</a></li>
 <li><a href="https://cryptonewsland.com/seasoned-trader-explains-why-now-is-a-good-to-time-buy-altcoins/" rel="noopener noreferrer nofollow">Seasoned Trader Explains Why Now Is a Good to Time Buy Altcoins</a></li>
</ul>
<p>The post <a href="https://cryptonewsland.com/seasoned-trader-preaches-the-need-for-courage-to-buy-dips-in-a-bullish-market-followed-closely-by-patience/" rel="noopener noreferrer nofollow">Seasoned Trader Preaches the need for Courage to Buy Dips in a Bullish Market, Followed Closely by Patience</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

Seasoned Trader Preaches the need for Courage to Buy Dips in a Bullish Market, Followed Closely by Patience

Crypto News Land

Other articles published on May 6, 2024

BlockDAG Adds 10 New Payment Options During Viral Presale; More On Binance Coin Price Prediction ...

Shares Dip as BioNTech (BNTX) Reports Net Loss of €315.1 M in Q1

Harga XRP Lesu, Efek Balasan Singkat SEC yang Akan Datang?

Satoshi-era dormant Bitcoin address wakes up after 10 years

Is RON Token Price Ready To Break Its All Time High?

Legendary Trader Invests $1.26M in PEPE, Earns $917K Profit! Here’s How

Join our free newsletter for daily crypto updates!