Long or Short since Bitcoin reached 8800 again?

[Konbo]

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive 

[1713280706]

1713280706

[debuni]

I'm shorting until a week after the G20 meeting and all the upcoming news.

For me it's profitable for now.

[Superways]

I'm shorting until a week after the G20 meeting and all the upcoming news.

For me it's profitable for now.

I think now we dso not have to worry when we hear that there will be a meeting of G20 for the benefit of bitcoin and it is obvious that there will be no further restrictions for the users of bitcoin and they will make bitcoin much better for the use of the countries so that they will not need any further regulations. And I also heard that they will announce that no any further regulations will be made against bitcoin.

[lumeire]

Depends on your risk appetite IMO. Like with all investments all your supposed moves should depend on how well you tolerate risks and your investment goals.

[timerland]

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive  

It's always hard for a newbie to trade in a bear market. You just have to learn as you go on.

The price has been up 2 days in a row now. We're hanging around just under $9k at the moment, which means that it could go both ways. If the $9k resistance doesn't hold up and we get to $9k+, then it's pretty much a bull outbreak confirmed and the momentum is going to push us over $10k by the end of the week. However, if the resistance holds up and proves too strong for this bull trend there is probably going to be a short term adjustment back down to around $8.5k.

Right now, we've been at this level for 4 hours with pretty much no movement.

I would definitely go long because even if the resistance holds up, it won't do so forever. Probably going to pump again after the correction.

[terrific]

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive 

Still go for long term, I'm not planning to short bitcoin now.
Just keep on learning and just used to market like this and it's a good experience for you.
And next time upon experiencing the same market again, you will now have time to relax and calm.

[Don Pedro Dinero]

Long, always long. I hold bitcoin because I believe it is and will be the best coin, so I don’t care that much about the price. I am fully aware that it is a highly volatile asset, so I take what has happened in the past months for granted. It reached 19k too fast, so now we are in a consolidation phase.

[magneto]

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive 

Since BTC broke $9000 in the past few hours, I'm quite optimistic.

Right now I'm expecting a short pullback from $9.1k to around $8.8k. This shouldn't last long and will only serve as a correction because bitcoin has been rising for such a period of time. There will always be a small correction before the real pump.

We're looking at $10000 quite realistically within a few days. Once the correction is over, that is what I think will happen. BTC should test the $10000 resistance, if it does make a breakthrough, it should easily carry on to hit $11k.

So yeah, long for sure. Even though I expect a short term correction it's not going to be a big enough drop to be worth shorting.

[ajochems]

Now the bitcoin is start to recover in his price.Now the price of bitcoin is reached 9000$,if you have any bitcoin in your wallet.Just hold it.
Whenever the price start to raise you have to hold it for your future.If the price is start to raise ,surely it will moves to any peak .
So don't sell by seeing the small raise and fluctuations.

[Altcoins enthusiast]

The trend has changed on short time chart and I think most of the indicators are pointing to bullish market directions. I think now is the right time to buy bitcoin again especially if you are a short time investors and make few profits from the current momentum.

[Herbert2020]

the higher the price gets, the more resistances it is going to break and as it breaks them a lot more investors come back bringing a huge amount of money back in. and as they do, price will continue going upwards more and more.
it is a little hard to say if we are at that point where we can expect a bigger rise or will this be it. so far it seems we will continue to have some more rise, maybe smaller rises for the time being and some more sideways but i think if we go back to $10k we can expect more rise.

[ajochems]

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive 

Now the bitcoin is stable at 9000$,the price of bitcoin will moves to 12,000$.This is the expectation,the price of bitcoin may reach 15,000$.This is the best time to inverse in bitcoin and get  a profit in short term.Bitcoin is best for short term profit in the crypto currency.ETH,Litecoin and Monero had good potential.But this all coin is best one for long term.

[Konbo]

First of all. Thanks for your opinions. I made the typical noob Mistakes since i started Trading. Couse i was leaded by Greed and FOMO. Im Not proud of it and i learned wehre it can lead you. but i think many People are acting in this Market based on this.  i hope knowing my biggest Mistakes so far will aprove my skills in the future. And of corse i Hope that Bulls are on my side for a while 
But either way im Not planing to leave Crypto ever.
Missed the Chance when Bitcoin was around 300 Dollars  couse i was to Blind to See the Potential in this Tech.
So thanks again for your answers and Good luck to all of us
 

[filharvey]

A group of chairmans of international banks and finance ministers of different countries have said that cryptos actually do not pose as a threat to global financial stability.This is because of its limited use,not being used fully as a substitute to fiat currency.They have termed that crypto currencies combined global market value was less than 1 percent of global GDP.

All these things clearly shows signs that G20 summit would only take a final combined decision in favour of cryptos.I hope that it would definitely boom the price of crypto currencies.So holding it would be beneficial IMHO.

[carlisle1]

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive 

i guess that this funds of yours is just an extra money that you put as investments here,so i think this. Really not a big trouble for you to wait for another weeks or months to look for recovery since were down for more than two months now,as every bitin holders waiting for the big comeback of price like what we had last december

[JC btc]

Do you guys go long or still short  since Btc price reached 8800 again?
My Bags bleedet out since the big dip  and i could use some advice.
Still need to learn a lot about Trading and this Market.
It is just hard for a Virgin like me in this Bear Trend  to Survive 

i guess that this funds of yours is just an extra money that you put as investments here,so i think this. Really not a big trouble for you to wait for another weeks or months to look for recovery since were down for more than two months now,as every bitin holders waiting for the big comeback of price like what we had last december

I still go for a long term since I wanted to have bitcoin for a long time, and not for a short term, even if the price will go for $6k I won't do panic mode, but instead I'll make it an advantage to buy more bitcoin, it has been already 9 years so we should know already how it works.

[GoldenLad]

The price is recovering now and don't just relax because there might be a tendency of having another dip which might be longer and lower than the pervious ones. For holders like myself the constant ups and downs in the price won't be a problem cause it makes no difference but as for traders, selling when the price is dipping isn't a wise decision cause you will end up losing. If you had held your coins few weeks ago, now the price is topping will be a good time to earn.

[crypto1010]

If some came to me and said they were experts in cryptocurrencies I would never believe them, crypto is unpredictable its not something you learn from college or something, you have to live and experience the crypto life to have an idea, so don't be afraid to make mistakes but best strategy to use now read more news and you should be ok. For now all elements show btc will rise thanks to the G20.

[1Referee]

For now all elements show btc will rise thanks to the G20.

I don't believe that's actually the case. First the market was said to be going down due to South Korea, then due to China's new regulations, after that the SEC was causing the market to go down, and then MtGox, and then G20 and Google. It's just the result of people paying too much attention to what the news sources want you to believe. Bitcoin may just have bottomed out, where traders gained back enough confidence to enter the market again.

Currently two things matter for me;

1- Is the short term demand strong enough to push the market over the $10,000 level again? I would say likely.
2- Is the short term demand strong enough to maintain $10,000 for a longer period of time without diving under that level again? Not likely.

I am still of believe that in order to break through this uninspired market, a bullish trigger is definitely needed. As long this bullish trigger isn't there, the chances for a real breakout to happen are very low. In a market as speculative and hype driven as the one from Bitcoin, it doesn't take long before traders get bored and start unloading coins again.

[BrewMaster]

First of all. Thanks for your opinions. I made the typical noob Mistakes since i started Trading. Couse i was leaded by Greed and FOMO. Im Not proud of it and i learned wehre it can lead you. but i think many People are acting in this Market based on this.  i hope knowing my biggest Mistakes so far will aprove my skills in the future. And of corse i Hope that Bulls are on my side for a while 
But either way im Not planing to leave Crypto ever.
Missed the Chance when Bitcoin was around 300 Dollars  couse i was to Blind to See the Potential in this Tech.
So thanks again for your answers and Good luck to all of us
 

it is good that you realize this already. trust me there are a lot of people who have been trading for a while and still don't realize they are acting out of FOMO and greed!

all i can tell you at this point is that the market is pretty tough to predict at all times and now that things are going sideways it becomes even harder.
but i agree with magneto above that ever since price reached $9000+ i am also very positive about this trend. but it still doesn't mean price will stay up or go up.