Bitcoin Forum

Hello dear friends, if it comes out of the ceiling of the canal, ie 19250 to 19300, in my opinion, the chart is going up, and if it cannot pass, it is possible to fall to the range of 18300.If it goes below this range, lower targets are possible.
This is just my personal opinion and please trade with all the knowledge you have, not with a chart and comment.

I think the best thing to do in this situation where no one knows what is going to happen is to save capital !!!!
The first priority is only to preserve capital and then profit. I know a lot of people in such cases, their Yahoo cold is over 40%!

I sold everything when it first came in 19700. Why ?
Because trading in the peaks is very risky, so I am waiting for it to be established and I will enter later.
Now, if it goes above 19700, I'm not upset. Instead, I enter the channel above 20, which is stable, and my bitcoin has not been lost like this.
If it goes down, I will buy it again.

Yeah the hourly chart looks to have formed some sort of triangle (symmetric probably) over the month. We might see a breakout in either direction soon but a break below 18000 or 19600 is the confirmation of the direction we're going in that we're looking for. Although waiting for a cross of 20-21k could be a safer bet...

(but the market can always be volatile and randomely pick the opposite direction once it's broken out so)...

i disagree. during bull runs going down a little has never meant more drops ever, not just in bitcoin but in any market. and it is not going to start now either.
there is good chance to go to $18k range but the only thing that can be followed by is coming back to $19k based on the current information we have.

you are making a good move waiting for more clarity to make your next move but calling this "peak" is a mistake because this is the bottom of the accumulation before the breakout.
very similar to $3800 earlier this year.

Selling bitcoin or hodling bitcoin is supposed to be a personal decision; why do i say this ? SOME bitcoin hodlers have been hodling since bitcoin were 3000$; so definitely they can take profits any time at the moment; but for bitcoin hodlers who bought bitcoin when it was $19000, how do you convince them to sell? how many profits are available for taking ? This are instances you put into consideration.

I advise that you take into consideration your present situaition(when you bought bitcoin); are you in profit?
Answer this claims and take your decisions.
Always do your own research

Depends on your "tolerance" as an investor or your market analysis, to what action should be done. It'll be nonsense to ask other people what to do because it is you who will decide whether to hold or not, bottomline is lack of certainty on how will this market behave the other day. Perhaps I'd encourage you to hold, but the market price suddenly fell and did not manage to recover within this year;regret is more likely to be acquired. Or to put it on the other way wherein I ask you to sell, but the market price continue increasing. I hope you get what we are pointing which is to decide for your own investment not to watch you regret but for you to learn.

If you're not sure about whether to have BTC in your portfolio or not, it's better to add USDT by exchanging your BTC. I believe that the price is stable and will probably have a run above $21k-$22.5k once there will be a breakout (and it's looking like BTC will breakout upside only except if sellers take the control at their side and dump it down to $16500 again).

Yes, I am aligned with you about the observation which you have shared because it's really risky to trade at peaks because there are higher chances of losing capital investment if the market drops down. This should not be bothering you if you are a long term investor but for a day trader or average investor this will be a major blow to deal with, Bitcoin has to cross the mark of $20k by breaking the barrier of $19000 to $19750. Once Bitcoin crosses the mark of $20k we will have more investors pouring money.

It's better to monitor the live market and make decisions about trade within fraction of seconds while reading at peak to avoid shocking loss.

But during a bull run, trying to squeeze and do day trading will get you REKT.

So it's really base on personal preference, you can sell what you think as the top, but then again, if the prices goes up again, then you will at least lost some profits there very quick. So we need to adjust and re adapt in a very volatile market situation. As it could really spell profit or a big loss and regret in the end.

If you bought in this bull run, do the safe thing and sell half, or put it all on a stop loss at 18k or 18.5, depending on how scared you are. If you bought at 15k or below, I'd be bold here and hold it, because there's a 60% chance that we'll have a huge breakout above 20k this week. The price looks like it's about to retest the high because each time it retests it goes higher, which is as bullish as it gets.

Selling at the top = Wise.
Waiting for the top = Smarter.
You sold because your top was 19971 but has Bitcoin peaked yet? It didn't do, and I do not say that you did anything wrong at your part but if all the investors will do the same and sell at peak 'if they bought at 19300 earlier in 2018', then Bitcoin will get dumped painfully.

Hold Bitcoin or not can come from ourselves, if in my opinion it is better to hold a potential altcoin than hold Bitcoin for the long term,
we know that Bitcoin price is trying to break resistance at $ 20100 which is the all time high price of 2017,
if can hold breakout, then Bitcoin can reach a new all-time high, but it is very risky if it doesn't work and you still hold Bitcoin

It makes sense to believe that the current trend will be spoiled anytime (should already be expected).

If you sold at the price you think a good one, then fine. It's your coins after all and that decision is based on the research you have made out of your own analysis and considerations.

For the question of, should we keep bitcoin or not, depends on how we look at our hodlings, either for purely hodl purpose or taking advantage of the uptrend.

I think alot of people already sold and they will want to buy back in if it breaks the $20K because they think that the sky is the limit. However what will you do if it breaks $20K and your stop-limit order never fills because there is no supply there and it ends up going to $21K or $22K almost immediately. What will you do then? Buy it at 22K? Might as well just buy some of it back now. And what will you do if it goes back to $20K and keeps going lower and lower, $19K to $17K all the way to $10K? Anything can happen.

One thing I am certain of is that if there is no dip, there will be a dip in January due to people holding for the new year to sell and have less taxes owing in 2020. This is what happened in 2018, there was massive tax selling going all the way into April pretty much. Alot of people underestiamted their taxes and were forced to sell more in Feb-April 2018 to pay the tax man. Caused massive supply and took us under $10K very quickly. Same situation is possible now.

Good observation but it is much better to add graphs so your speculation will be clearly see and understand.
Saving capital is indeed but since there are possibilities of climbing up i think this is too early to pull out the capital and maintain the profit.
Then what if the price continue to $25,000?yeah sounds exaggerated but nothing is impossible in season like this.

But thats great at least what ever happens there are sure profit in your wallet.

I think you have made a good job right there. You have set a goal to sell your holdings and doesn't become greedy which is everyone failed to do so. Upon making a trade you should know when to sell your holding because just like you have mentioned you don't know what is exactly going to happen. Liquidation of your capital was a good choice as well in order to mitigate the risk. Better to secure the capital and then you can openly use your profit by that way at least you are afar from loss.

It is up to you whether you want to keep bitcoin or not, but I suggest you not to forget to take profit while you can and wait for another time to buy back bitcoin. If you bought bitcoin below than $18k, you can sell it now or wait for more until the price can increase above $20k, then you can sell it. But if you can wait for that price, you will make more profit, but you could only make one profit. That will not be a problem because you still make a profit. But if you can trade and use the volatility of bitcoin price before the price rise so high, you will make more profit. That is up to you.

Congratulations on your profits at the peak and you're just getting ready to buy whenever it dips and goes with the price you're comfortable at buying.

As per the title, I'll keep bitcoin and would do nothing with my decided portfolio to hold it no matter what. When I'll sell? maybe if it rises more or whenever I feel good. But it's proven to keep it and your strategy is also good to sell at the peaks and then rebuy back when it's necessary.

Keeping bitcoin or not decisions would depend on few variables because we have old hodlers of bitcoin who have been hodling for years now; while we have new bitcoin owners; who recently joined the blockchain train by buying and hodling bitcoin. So i will appreciate if you can evaluate your situation; when did you buy bitcoin? when yhave you been hodling ? are you in profit? can you wait longer for further years? ANSWERS to this question will guide in whether you should keep bitcoin or sell.

you made a very wise move and brave in same time , bitcoin can dump now exactly the same like what happened in 2017 and other altcoins with dump more , so using a stop loss at the moment is necessary.
you should use a buy stop as well on bitcoin because the price is unstable, unexpectable so you can wake up in the morning and price is rising higher than your sell point .

There's going to have a strong resistance at $20k level but pull back is  very normal to sustain or to reach that new ATH soon.

Not regretting what I did when i sell off some of my btc at $19k something. And then I still have some left so whether it will hit the new ATH making it new historical record in crypto industry or not, but with what I did I was very contented with my gains. So yeah, I'm still keeping some of my btc.

It depends on your plans and what you decided when you invested in cryptocurrencies. But as far as the current situation is concerned, there is no doubt that Bitcoin's price is going to rise, so my answer is "HODL"  :)

When investing in bitcoin, we must also consider the sudden behavior of whales.
Whales have certainly played a role in recent prices and falls, but support remains and we will have to wait for higher prices.

It's a good strategy if that suits you.
But, I still prefer buying at a lower price than how much you sold it.
If it goes $20k then I will just wait. Stable? Not for me.
Remember, there are still a lot of weak hands in the market. They might still be waiting for Bitcoin passing thru that point before they sell it.
It might be a good idea to stay idle for a moment and not get caught by a sudden wave.

definitely, instead of being greedy aiming for big profits, saving your capital and bank those available profits is far better than
losing it back together with your investment.

Tough decision to call but if you have good experienced and you trust your knowledge you can simply adopt and work according
to how you see the market will favor you.

It won't be surprising that the trend will change its course because that was a normal and possible scenario from the start. The said volatility things can't be changed since we live in this decentralized market platform. Thus, if we buy Bitcoin now can't be sure as well that by tomorrow it will surge high and gain profits, might it dump, nothing knows that.

This is what we called risk but if we can manage to take care of it and don't get panic even we saw reds on the market chart, this will not a problem.

If you look at the current movement of Bitcoin, I prefer holding my Bitcoin to pass the price of $ 20,000.
I believe this year Bitcoin can hit a price of $ 22,000. But I like your strategy by playing safe, with selling
Bitcoin at price $ 19,700. And will buy again if the price of Bitcoin goes down, I didn't do this strategy because
I believe the bullrun isn't over yet. The end of the year is only the beginning for Bitcoin, because Bitcoin will
continue to rise until the end of 2021.

Bitcoin is a good investment, it seems that the price increase of Bitcoin is better than the stock market,
many people think that this pandemic cryptocurrency is one of the best investments, just hold on to the Bitcoin you have

The cryptomarket is getting more into discussion with the entry of institutional funds. Often we get to see news associated with large volume investment on bitcoin by popular people around the globe. This keeps the market quite bullish, and it isn't supposed to be the same as the previous bull market of 2017. Whether to hold the bitcoin or sell, depends on individual users interest and patience. The market can't be judged, it is their own risk to hold or sell.

Many people have the same plan as you do, because we think bitcoin will be corrected once it reaches $20k so people set sell orders around $19,5k-$19,8k.
This action has consequences that forming a large wall of resistance below $20k. Retail investors or traders don't want to push the price as they know it will be useless against massive sell orders, hence the price seems stable at the current price range within $18,5k-$19,5k. However, if institutional investors start to buying bitcoin again that push the price to surpass $20k, people will follow to buy as well.

We would need some another positive news of adoption that will surely be a good catalyst on driving out the price on breaking that tough wall of 20k.
People of this market had only two things in mind neither they would held up for longer runs or would actively making up trades with these kind of movements.
We are witnessing now on how many time the price had tried to break the resistance but it do failed up to now and at the moment we are moving sideways
and lets see on what would be the next movement that we would able to witness.
On the question should we keep bitcoin or not? I highly believe that majority is stashing or accumulate as much as they can.

Well, the strongest resistance is at 20k usd, and many times it fails to break the resistance it will back to support.
If we look at the weekly chart, bitcoin still allows wicks above 20K, besides, short term is 2 CME Gap that hasn't been filled.  just see who will win, bulls or bears.

last time, the bitcoin movement always ignored the gap, will this time close the gap or continue to beat $ 20K?  You can choose to buy again when it is corrected or buy after the breakout and it can break the strongest resistance. also you can sell partial I guess.

I do this thing and until now I still haven't made an entry. My strategy is if bitcoin price pass the $20.000 barrier then I'll make long position or I'll wait until its pricr make a correction and buy again when the confirmation come.

Bitcoin still in the sideaway market for more than one week after its price trying to pass $19.956 on binance exchange but it was fail and drop again.

Seem like some instutional out there still hold their money and wait some fundamental factor to come in again especially stimulus event. Also, the stimulus factor has made some investors still hold their bitcoin so as we haven't seen a big correction so far.

If you will become a gambler?sure that you will Earn much more because the control of making decision is there,you can let the Bullying market just to make sure that capital is intact and that will made you agood trader.
that's is what some trader want to explain that it is not about Pure holding because we can exit for a while specially when the market is likely falling and then buy again when the market is growing,in this we can increase our holding time after time.

Bitcoin price will be down, but it will go up again. That will always like that. If you can use the time to buy low and sell high, you don't have to worry if you will lose your bitcoin because you can profit every time the price increases. You may need to hold some bitcoin and don't sell it if the price does not reach the next highest price or new ATH. I hope you don't have to worry because the price will be back to $19,700 soon, and right now, maybe you need to buy more bitcoin while the price does not increase yet.

I would say keep bitcoin as long as you possibly can, if you can hold bitcoin so much that upon your death your children inherits your crypto, that would be even better. People do not understand why bitcoin and crypto is so important as such a great tool in finance world where there is a very tiny chance it may fail, because they all believe it will work awesomely for them for just profit for now and they do not see the down the road potential of it.

I believe in bitcoin so much that I am trying to build a whole portfolio of crypto currencies that will last me 50 years and then move to my children. You do not need to cash out your crypto if crypto gets big enough, you will be capable of spending it or earn with it and that will allow you to never work ever again in your life, I want to give that comfort to my kids or grandkids.

If we check on the market, the price is now down to the $18,300 level price, which can be the perfect time to buy bitcoin. But I suggest you not to buy all in with all of your money because you need to have money to buy more bitcoin just in case if the price still goes down. I see that the bitcoin price has a chance to go down is wide open, and maybe the price will reach the $18k level price, so you need to be careful to buy bitcoin. If you can make a few orders buy at the market, that will help you buy lower bitcoin price, and you don't have to panic if the price is still down.

That is a nice advice to live by when hodling bitcoin. I do not have a lot currently but my plan was to sell at ATH, although it won't be much hopefully I can start from there and eventually grow my bitcoin.

I am sure that is what people will do with their bitcoin, especially if they can have the opportunity to sell bitcoin at a new ATH. I am sure you can make a big profit from bitcoin in the next ATH, and if you can make more and more bitcoin, your chance to make more profit will become bigger. If you plan to buy more bitcoin, make sure you can split your funds into 3 parts order buy at the low, lower, and lowest price.

The matter there to achieve that is don't buy when there's a hype since instead of you gain something the result be negative since you possibly bought your bitcoins at the peak at that moment. The more vigilant we are in the movement of bitcoins the more chances for us to multiply it so better teach our self first not to be greedy and learn how to do a day trades since for this we can earn a decent volume and the market is perfectly fit for it right now.

Bitcoin always fluctuates It is up to the individual to invest in Bitcoin. We can make a lot of profit if the price of Bitcoin goes up. Therefore, there will be a tendency to buy at a lower price and sell at a higher price. Even if the price goes down, don't be disappointed and wait. The demand for Bitcoin currency for investing in the crypto market is very high so it will not take long to reach the highest price. The best time to hold Bitcoin is to wait until the price is high, even if you don't invest in that currency.

I understand selling at the top before it goes down as a great valid trading idea, I would suggest the same to people as well. However do not forget about the fact that if you sell right now, and not buy it lower, you are going to miss out on the future profits.

So, you have one option for profiting, either sell at top, buy back lower, and sell again at bigger top and continue to do this and hope that you are not wrong because if you are wrong you will lose money OR you could potentially try to just keep your money and in the end you will make a profit from it anyway, it will be smaller profit but it would be less risky profit as well. I am one of those people who make a profit from waiting, that is a lot simpler to make a profit than keep trying to find tops and bottoms.

Indeed. I think many people have already sold their bitcoins when it's the price was above $19,000 last week. They are now just waiting for the opportunity to buy back when bitcoin's price decreases again because it might be enough for them to gain profit during the bull season. Having this kind of patience in waiting for bitcoin's price to reach its peak in the long term is not an easy task, especially if your anxiety emotionally attacks you, so it would be difficult for you to decide when to sell bitcoin is unpredictable.

Bitcoin is currently correcting below $ 19k, and still holding strong support,
if it holds, then we will see another recovery, otherwise it's better to sell and buy again when prices are low.

You can only hold for a long time basis but if you are a day trader, you should have a watch on $17500, if that should break, we can have a retest of 14k - 14.5k region.

There's no doubt that the future of cryptocurrency will be an improvement but one of the etiquettes of trading cryptocurrency successfully is never to invest at the peak which is what the OP used and this moment it better to save capital even if you're a day or arbitrage traders. Although, the price is still fair but invests now without good knowledge is not advisable.

That is, we need to analyze before we do something. To prevent the greed that will always come is by controlling ourselves, so we don't feel overconfident about what we got before. When we can have self-control over ourselves, we will know when to make a profit and when we need to leave the market to know when we should hold bitcoin and when we need to sell bitcoin. We don't have to follow other people who feel they can make a big profit in the short or long term because maybe they have high skills to make them have that chance.

This is also a good moves buying at low price since there a chance it will go deeper below $18k, we don't know yet once it breaks the support. Actually we do have our own preferences when it comes to our holding of assets. The most important thing when price reaches our goal is to take profit otherwise we will have to wait again to reach it above $19k or at least close $20k. So we have to decide we might sell some and hold some of btc and take the chance of volatile market.

No matter how much bitcoin falls, I will always hold it, because it always goes back up. However when it is high like this, sometimes I do have the urge to sell and wait for it to drop as well. I have been holding into my bitcoin for a very long time and I keep adding more bitcoins on it as well, I just do not really cash out on it, and that makes it feel like I am not making any profit at all since I do not cash out.

So I do not know what to do, should I sometimes cash out my profits and do something with it to make myself feel better? Did anyone made a lot of profit from bitcoin and then bought something with it and did it feel any better? Because I just can't stop to feeling I would probably feel better with it if I spent my profits but I also fear missing out on future profits.

Just because bitcoin price skyrocketed doesn't mean that you should buy more from it, there are people who should buy from lower prices but fails to do that and see the price go up %200 and decide to buy it at that point, which is wrong and you shouldn't do that at all.

However there is a big difference between buying and holding, if you want to hold as much bitcoin as you can that would work, at least that way you are going to end up making a profit and at worst if the price goes down you could potentially still make profit by buying from lower end. Do not buy right now, if you have any then hold them but do not buy from these prices, it just doesn't make sense to risk it as of right now. Maybe try to look for altcoins that could make a bigger profit and quicker.

Agree, trading at the high resistance line will be very risky but if the price has exceeded 20k even though it is unstable I don't think it is a problem to stay but yes, all decisions go back to the individual. This is a moment where the price will continue to be pushed upwards but the decline will still be inevitable and with that, I think the most important thing is to be patient because the price still has a chance to go higher. I don't know if this market collapse will be the last correction to finally break through ATH, or maybe this is a fall that will be very painful, be careful.

Exactly! Even if I myself believe that Bitcoin will be worth $1M, I do not persuade anyone to invest in it or hold it. Everyone has their own choice and should make decisions for themselves. This is also one of the principles of decentralization.

We are now seeing that the 19,000 resistance has broken and we have entered the 21,000 price range,
and this has only happened in a few weeks, and this shows that Bitcoin is still hoping for higher prices.

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I have made a purchase now that the price is in the range of 21,000 and I know that I can see a higher price in the future, so at this time I can increase my profit by buying a step, and I will do the same in the event of a fall. .

[moderator's note: consecutive posts merged]

For me I would continue to hold it unless I really need a cash.
I think that it would continue to grow in the future the price increase that we experience could be because of the company that accepts it and the good news about BTC,
People are buying BTC because of it and they are getting new investors.

I think keeping bitcoin or continue to hodling bitcoin will all depend on the perspective of each trader, investor or hodler. This is because, as traders; we all have different entries and all got bitcoin at different prices. If it were me; i have taken profits already and hodling on my capital for now. I advice that you do your own research and choose the best decision for you.