Your opinion is a good one. It's always best to wait for confirmation, even if that means paying a little more. There's also something to be said for scaling in - averaging down - and not worrying too much about catching the actual bottom, or dip as it were. Dips are good inside larger bull trends, but when the larger trend breaks, then they're not so good - that's when you need to go out to a longer timeframe and start projecting a "dip" that works within the still larger bull trend. The chart below is a BTC weekly timeframe and when taking into account the previous spike high of Dec 2013 just shy of $1,200 and that the low just above $150 didn't come until a year later, and then it took another 2 years for things to really start getting back into bull mode, the current BTC dip may be a while in the making, and, as you said, it might be a good time to take a break and/or HODL. It all depends on whether the last accelerated trend line that is still intact holds or not short term - that would be a good short term dip to scalp. I think we bounce a bit now, but intermediate term I'm expecting a slow painful grind lower to the lower trendline and perhaps even long term price support.