With Bitcoin price approaching the $40,000 mark, it definitely seems impossible to know when would be the next price point to establish a long position. This is especially true for new traders who are just getting started. Our Buy the Dip indicator, designed for a variety of trading instruments, is compatible with the /BTC (Bitcoin) chart in ThinkorSwim. You can use it as a bullish technical indicator to predict the price movement of Bitcoin. The purpose of this indicator is to spot potential bottoms in BTC.
Let's look at some historical signals and performance.