Yes, that is possible, but this is the perfect "nobody gets in at the bottom scenario", so I think this is more likely.
The pattern will only be confirmed above 10500, which is a total disaster if you could have gotten in @ 6800.
The difference is 95x or 166x to 1Million$. I'd call that a very significant amount of money lost by fearing another dip.

My cheapest buy is 4400 and my average is currently around 7100, so I'd buy 6k at any time...