How to know when to sell?

[DennisStoff]

To enter the position there are some simple strategies or scenarios that we can use with minimal risk, among others:

1. If the price touches the resistance level and fails to break the resistance level, we can take the Sell position with the price analysis likely to bounce back down again. Anticipation is if the price turns and closes above the resistance level. To know whether the price will bounce when touching resistance can be combined with a candlestick pattern or shape.



2. If the price touches the support level and fails to break the support level, we can assume that the price analysis will rise again and we can take Buy position. The risk limitation is if the price turns back and breaks the support level. To find out if the price will bounce back when touching support we can use a candlestick pattern or shape.



3. The third scenario is when the price breaks through the resistance (breakout). If the price breaks above the resistance we can take a Buy position, moreover there are fundamental news that support. For the restriction the risk is if the price goes back down and closes below the resistance.



4. The fourth scenario is when the price breaks the support (breakout). If the price breaks down support we can take a position Sell, especially if there is a fundamental news that supports. To the limit the risk is if the price goes back down and closes above support.



That's some way we can do to know when when we enter the position Buy or Sell in a simple way, namely only by utilizing support resistance without using technical indicators. In this simple way we can maximize the profit potential as well as minimize losses.

Always be disciplined with your trading plan and train your skills in determining support and resistance levels to hone your visual skills in reading charts.

[Froloff92]

As for me, I just set my desired amount that when the price reached it, I will immediately sell.

[yoseph]

As everyone will say that don't be too greedy or else you'll just loss instead of profiting.
So just sell when you at least profited like 20% - 50% and if you can see that the coin will continue to pump then just sell the half of it and monitor closely the market.

You must set up a profit margin before you decide trade so that when you attain that range you can then close the trade sometimes when you get a little greedy and try to get toomuch, you eventually end up losing almost all the profits you have accrued and even loss some money as well.

[Kunlejoe0]

Like the saying goes : you can not hit the target you can not see. The first thing you do when buying in on coin is to set the price you are selling or buying more. If you go into any coin hoping for whatever, it is sure whatever is what you are going to get.

[Blue2012]

You should know what is your target or what amount you aim to have when you buy your coins. Be patient and don't panic sell when you see the price is droping because it is just temporary because you will incur a loss. If you think that you will earn your desire profit when you sell your coin then do it.

[QB Horse]

As for me, I just set my desired amount that when the price reached it, I will immediately sell.

Agree!
Always know your exit point before entering a trade.

[QB Horse]

Like the saying goes : you can not hit the target you can not see. The first thing you do when buying in on coin is to set the price you are selling or buying more. If you go into any coin hoping for whatever, it is sure whatever is what you are going to get.

Nicely said!

[Harley29]

Know the latest news about the coin you want to trade.
Most pumps and dumps are caused by events that are either positive or negative for the coin.
Examples of events that cause changes in price: Exchange shutting down, countries banning ICO, meeting announcements.
Then you need to predict what effect it will have on the price.

Crypto markets are high to predict and they can really bring about what is not expected. News has always helped most of the times but it is not every time you will always have news at your finger tip and most times you have to make decisions based on the activities on the charts and some expected outcomes. It is also better to find a market one understands very well before trying to trade the market.

To know about time that when to sell bitcoin it’s very important to check the price of bitcoin because it’s the only way to know about when to sell and I’m also going to check the price of bitcoin every day because when I keep bitcoin hold so I’m going to check the price of bitcoin every day because it’s very important if anyone want to earn from bitcoin in a fast way so it’s very important to know about price.

[Twinscoin2017]

Know the latest news about the coin you want to trade.
Most pumps and dumps are caused by events that are either positive or negative for the coin.
Examples of events that cause changes in price: Exchange shutting down, countries banning ICO, meeting announcements.
Then you need to predict what effect it will have on the price.

Crypto markets are high to predict and they can really bring about what is not expected. News has always helped most of the times but it is not every time you will always have news at your finger tip and most times you have to make decisions based on the activities on the charts and some expected outcomes. It is also better to find a market one understands very well before trying to trade the market.

To know about time that when to sell bitcoin it’s very important to check the price of bitcoin because it’s the only way to know about when to sell and I’m also going to check the price of bitcoin every day because when I keep bitcoin hold so I’m going to check the price of bitcoin every day because it’s very important if anyone want to earn from bitcoin in a fast way so it’s very important to know about price.

Selling must be done during high price value we alreafy know about that if we  really gain on the presend time we must sale it already and there no used of waiting for a long time if we already gain on that present time around.we are looking for profit and i tjink it is just the same thing if we are going to wait the time is really being said that is really important in trading also with patience but i believe that we are all looking for the profit and if we can gain it already in the present time i yhink theres no need of waiting for a long time.

[Superways]

I believe that your satisfied with your profit and percentage then you can sell it. But if you hear the news or see in your analysis that there is 95% that it will increase then hold for few more days then sell it if your satified.

The most important thing which really matters when it comes to that of selling of your bitcoins is that you need to sell your coins only when the market value of the coins which you are holding is this much high that you can actually get some good amount of profit at the end. Selling at low price will result in nothing fruitful and that all your investment will simply go in vain.

[kolega]

Buy on rumors and sell on news. Technical analysis, fundamental analysis and charts with oscillators that show overbought asset or Vice versa. If you know what I mean , if not it's worth a look

[FLoving]

As for me, I just set my desired amount that when the price reached it, I will immediately sell.

Agree!
Always know your exit point before entering a trade.

There are number of things which you need to decide right at the time of buying bitcoins. You need to set some target like this much amount of money you want to make from your investment which you are making. This will help you in making a better decision and it will certainly help you in having a better idea regarding the best time of selling your bitcoins. Sell only when you are getting some good profit in return.

[Shutup]

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

You have to learn all about bitcoin, research how was it especially on how to sold it. Monitoring the price is very important here you have to search the price of your coin so that you will know if you sell it now or wait for the future. Holding now is the best to increase your bitcoin because it will cost 10 times or more when price is increase.

[sumanto]

Can i anybody put me through the basics of knowing when to sell and when to hold?...
I actually don't know much about market rise in demand and supply and it's affecting me in daily trade of cryptocurrency.

how to know the right time to sell your coin is to look at the market situation, if the market is still very crowded then it is the right time to sell the coin you have or when you already get a profit more than 50% you can sell the coin you have.

[Insanerman]

https://youtu.be/bzs8-7OqWSU
Always be updated in the news of the Cryptocurrencies you are holding. And I always do this  strategy when there is an increase of 20-25% gains before selling. Always look at coinmarketapp for you to know their price value. Reading technical analysis is bery important when selling a coin because it will serve as you tool to predict the price movement.
Watch the video from DataDash it will help

[uptown04]

Well if you analyse the potential of coin, its volume and market cap you can have an idea of its price that would be in the max level.

[batang_bitcoin]

Buy on rumors and sell on news.

Selling when the price is up and just hold or buy when its down. Very popular words like the famous quote from Warren Buffet, it's a effective way of understand on when we should sell and how to start it all over again. As for my situation, I don't have an idea if I'm about to sell or not. As long as I don't need that much money, I won't sell but if I'm in quite difficult situation that I need cash, I would sell.

[AjithBtc]

Buy on rumors and sell on news.

Selling when the price is up and just hold or buy when its down. Very popular words like the famous quote from Warren Buffet, it's a effective way of understand on when we should sell and how to start it all over again. As for my situation, I don't have an idea if I'm about to sell or not. As long as I don't need that much money, I won't sell but if I'm in quite difficult situation that I need cash, I would sell.

That's the good way to profit, just hold when price drops. Because it'll grow, maybe it takes little more time than the predicted time scale. Else, just have a targeted price and sell when it reach the respective value. This too could take time. Whatever might be having patience unlike the fluctuations will result in profiting.

[RDNX]

It's depend on your target. If the price already reached your target, then you can sell it. Better you use some technical indicator like Bollinger Bands. That can indicate overbought or oversold price.

[michellee]

It's depend on your target. If the price already reached your target, then you can sell it. Better you use some technical indicator like Bollinger Bands. That can indicate overbought or oversold price.

using Bollinger bands could give an idea when we want to sell but we need to analyze with the other indicators like macd or else and I am sure that it will help us to place an order sell. besides that, I agree with you saying that we need to have a target price to sell so we know when the time has come and we can sell it at that time. but it will back to you if you don't have any price to sell and you only want to hold for a long time.