A dip is when a cryptocurrency experiences a decline in price. Dips are visually identified as a “valley” on a price chart.
Dip
Related Terms
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A chart pattern is a graphical presentation of price movement by using a series of trend lines or curves. Chart patterns can be described as a natural phenomenon of fluctuations in the price of a...
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Human behavior is not only reflected in chart patterns as large swings, small swings or trend formations. Human behavior is also expressed in peak-valley formation. Fibonacci channels make use of...
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BTFD means “Buy The Fucking Dip”. BTFD is just an ultra-sophisticated way to say, “When price retraces in an uptrend, go long.” In a strong bull market, dips are gifts. So your mindset should be...
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A support level is a price level at which an asset may find difficulty falling below as traders look to buy around that level.
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Breakout trading is a strategy employed by traders to capitalize on an emerging trend or directional price movement.