Why sell now?

[mandelbert]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up. The last few weeks have given us nice increases in price. It's also obvious to any long term observer that once this rocket starts to take off, the current price (~280) will seem miniscule. Why sell now and trade against the trend? I would set some stops to protect myself, but let the price go up more before considering to sell. If anything, it is buying time right now.

[1714054194]

1714054194

[1714054194]

1714054194

[1714054194]

1714054194

[GermanGiant]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

[freedomno1]

Too soon to call, the price is steady and rising some damn news about the Winkevelis exchange came out so that moved it a bit.
I'm still waiting on the ETF but at the least were going to test the $290 line next from the $280 were at now.

[Raimonn]

Some people is trading on short time, and on last days the movement was big, now they sell and expect to buy lower. If you trade at long it seems clear that it will go up.

[shamati]

Whats it?? Taking up then down again.


Nothing changes  

[gentlemand]

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

That's definitely the case until it suddenly is not.

I'm not saying that it's happening now, but people who bet the house on that cycle will eventually get wiped out if it goes beyond it in either direction.

[suda123]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up. The last few weeks have given us nice increases in price. It's also obvious to any long term observer that once this rocket starts to take off, the current price (~280) will seem miniscule. Why sell now and trade against the trend? I would set some stops to protect myself, but let the price go up more before considering to sell. If anything, it is buying time right now.

your post history confuses me, but yea you have a point.

[Morecoin Freeman]

I'm surprised it went this far but I'm definitely not buying today. I will wait this one out. Very overbought in my opinion.

[Meuh6879]

sell represent NOTHING ... big PUMP, DUMP is irrelevant.


EURO

[Mickeyb]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

You can't tell this surely! I wouldn't have balls to sell my coins at the moment and to short it to $220 as you have suggested! What you have said is pure guessing!

The new in trend and a new run is bound to start eventually. I wouldn't want to be left off in a station as train is leaving!

[ajareselde]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

Well of course it's profitable doing it like that, but what when price jumps over 300 and you end up being forced to buy at a loss ?!
I don't believe this is the time to sell, but i'm now in longer term plan (will wait for the halving and continue trading then). If you think you can do this all the time, you're wrong.

[mr.robot]

Bitcoin's price volatility is unsettling. From the time I bought my first bitcoin to the day I sold it, the price of bitcoins jumped over and over again. What I learned from buying and selling bitcoins is you have to sell when you are able to make profit.

[var53]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

You can't tell this surely! I wouldn't have balls to sell my coins at the moment and to short it to $220 as you have suggested! What you have said is pure guessing!

The new in trend and a new run is bound to start eventually. I wouldn't want to be left off in a station as train is leaving!

The previous highs to 300+ happened too quickly for the price rise to be sustainable. The latest rise has been slow and steady so I wouldn't bet on the 200/300 cycle continuing this time. That cycle can't continue forever and this latest rise is probably the start of something much bigger that keeps going all the way up to the halving.

[mdgreasyjohn]

sell represent NOTHING ... big PUMP, DUMP is irrelevant.


EURO

i am sorry but i do not quite understand please explain and  the charts means little to me if you could explain (oh and i hope it goes higher before i sell)

[Soros Shorts]

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

That's definitely the case until it suddenly is not.

I'm not saying that it's happening now, but people who bet the house on that cycle will eventually get wiped out if it goes beyond it in either direction.

Yeah, I've seen this with traders in other markets. They trade this pattern and make modest consistent gains for some period of time until one big wipe out in the end when the price finally breaks out.

[lolikop]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

Yes keep going that way it will last for ever (NOT)

Nuff said

Dont let me spoil btc future

[dothebeats]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

I was thinking of that too but seeing that we're in the start of a new week and we finished the previous weeks with nothing but greens, I think we'll continue to be in it up until the halving. But no assurances or whatever, still I won't sell all until 2020, that's for sure.

[chesthing]

It's pretty obvious that the long down trend in bitcoin is over and we are starting to head up.

No down trend or up trend. It is just another 200-300 cycle. If you have bought at 220, sell at 300 and wait to fall it to 200-220 again. Buy range is 200-220 and sell range is 280-300.

Yes keep going that way it will last for ever (NOT)

Nuff said

Dont let me spoil btc future

(while he dumps his btc)

[eternalgloom]

I'm still waiting to buy, petty sure we will see a drop soon.
Then buy some more right before the block reward halving.

[christycalhoun]

some people bought earlier this month at a cheaper price and they simple want to cashout out on their quick profit.