"don't wake me up zone"
I know that is the right attitude to have. Especially right now. I also know if we do start dropping that low it will be incredibly tempting to capture some gains and not get caught riding out another cycle. Resisting the urge to cash out during the next bear trap may be the difference between riding the rocket to the moon or not.
Personally, I don't believe in selling on the way down, .. so from my point of view there has to be some attempts to commit to selling on the way up at various points, even if the BTC price might be going up further .. and it seems quite possible for anyone who has been accumulating and/or holding BTC for a decent point of time to figure out either 1) various places to cash out a little bit on the way up or 2) cash out some on a regular basis no matter what the price or 3) cash out merely at points that you need some, which also likely is not very sensitive what the price..
yet of course, if we have enough BTC and/or more than enough BTC we could still modify our behaviors a bit in terms of figuring out when the BTC price is at relatively low points of being within 25% or closer to the 200-WMA or maybe on the other side of matters when the BTC price is several multiples higher than the 200-WMA... . and yeah, right now we are ONLY around 2x higher than the 200-WMA and we are also passing through no man's land (or don't wake me up zone) and surely anyone who is nervous should just sell a bit of BTC even if this seems like a pretty fucking dumb area to be selling any BTC.. but hey, guys can do what they like... .
I also don't think guys should be getting worried about if they might end up holding for 2-3 years or longer to get back to current prices, and sure anything can happen, but if they cannot hold and/or keep buying BTC for the next 2-3 years if the BTC price were to drop, then they might already be overexposed and needing to shave off some corns at various points along the way, even if these are likely price points that are going to end up in a lot of regrets for guys selling way too many coins too early.. but shaving off a few here and there, should not be a problem for any guy who is already overly allocated or has been in bitcoin for quite a while, even if we might end up doing another 10x or more from here in the coming 6-18 months.
By the way, in my own personal situation, I have been selling on the way up since $250-ish.. so I have no problem to continue to sell if it goes up or just start buying if it goes down, and so I have outstanding buy orders that go down to $20k-ish.. but if there were some reason that I need some worldly goods and/or services and I feel that I don't have enough fiat, I don't have any problem shaving more off here or at any price point, even if we might dip some more so I am not necessarily selling in regards to the price if there were some event that motivated me to shave off some coins which for sure could happen at any time.. .. yet at the same time, just continuing to shave off some from here to $700k or whatever the high point ends up being is kind of already tentatively planned out, even though my current sell orders ONLY go up to around $150k.. but if we get into the mid $80ks or higher, I might need to add some additional sell orders.. since I hate to NOT have sell orders at less than 2x the current price..
I also hate to have too many encumbrances of having too many orders to maintain, in either price direction, so sometimes there can be some value in culling some of the current existing orders and increasing the spreads for the ones on the way down.. and on the way up, I have already pretty much had them established since early 2021.. even though there have been a few tweaks here an there. and also sometimes exchanges will cancel or lose all of the outstanding orders, so they have to be set up again after that happens, which might be an opportunity to rethink them (and/or tweak them) a wee bit to make them more logical and/or comfortable...
ChartBuddy's Daily Wall Observation recap
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.All Credit to
ChartBuddySo does this mean that in the past few days, you started to time the ChartBuddy recap to run from midnight UTC until the following midnight?
That seems good, so that we would know that the first ones in the run would be early in the day and the last ones in the run would be at the end of the day, in terms of UTC.. Maybe you could add some kind of a description of that, so that it is easier to understand how it runs?
I personally have been tending to look more at the recaps rather than the actual ChartBuddys, since that provides a lot of juxtaposition of each of the hourly reports and if one or more of them stand out, then that could motivate going back and looking at the one or two that stand out.
Poll
