Taking profits but don't be afraid!

[Dreamchaser21]

Here this chart is bearish short term I think.    The blue line is 2 day average which we have consistently failed to break away from, showing a capped range.

Then the yellow line is the 8 day average price which has been some support but failed, possibly the 2 day showing it would fail to hold this eventually.

Were on the downside again looking at the chart BTC really fails to hold on the support level, and maybe we will see another bear but hopefully not. Yes, don’t be afraid to take profit its your chance to get a profit so don’t lose it. No one can say that the market can recover after this.

[kateycoin]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

Your so positive even though you hava little lose to your investment still you encourage the people that this thing is normal and we don't need so panic but still buy more because bull run still is starting. Dump/dropped is normal in crypto market we all know that. So I think being being positive is give more confidence. We don't need to stress ourselves because we loose a little bit profit, we can get a good profit again because new ATH will be coming.

[Hypnosis00]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

Your so positive even though you hava little lose to your investment still you encourage the people that this thing is normal and we don't need so panic but still buy more because bull run still is starting. Dump/dropped is normal in crypto market we all know that. So I think being being positive is give more confidence. We don't need to stress ourselves because we loose a little bit profit, we can get a good profit again because new ATH will be coming.

I feel the same also, it is not the reason why we should quit in crypto investment because of this shortage, it is not the end of crypto and there will be another time which is most favorable to us. If we are a negative person, will surely making us a way to walk out and leave crypto forever, but luckily we are not like that.

[AjithBtc]

Here this chart is bearish short term I think.    The blue line is 2 day average which we have consistently failed to break away from, showing a capped range.

Then the yellow line is the 8 day average price which has been some support but failed, possibly the 2 day showing it would fail to hold this eventually.

Were on the downside again looking at the chart BTC really fails to hold on the support level, and maybe we will see another bear but hopefully not. Yes, don’t be afraid to take profit its your chance to get a profit so don’t lose it. No one can say that the market can recover after this.

Yes, none is that expertise to assure with a market recovery and with the ongoing growth pattern we can predict about the market recovery to take place within few days time. Some suggested to move towards BNB for the time being, but that's not a fair decision in my view as compared to making an investment into bitcoin.

[mikeywith]

My charts show a strong bullish uptrend.

We all look at the same chart, but from different perspective.





The 8.5k was the last high we made a year ago (july 2018) for this trend to be bullish it has to close above it , make a new high and not close below it, for all we know this could play out as a double top and head back down to make a new lower low. it is unlikely but the possibility is still there, i am not sure how are you viewing this as a confirmed change of market direction, but i would like to see a TA from you.

[Pamadar]

I wake up this morning and when I tried to refresh my wallet, I findout that bitcoin has lose over $700 from it high of yesterday! Immediately,  "this thought come into my mind, don't be afraid,  it is taking profits time", new confident come into my mind and I developed another hope that bitcoin is far strong now,  better and menture now than in 2017. I will like to encourage us to keep holding and buying more at this time as bitcoin is on the way to the moon! Though, "this is not a recommendations for you to make investments decision"!

Your so positive even though you hava little lose to your investment still you encourage the people that this thing is normal and we don't need so panic but still buy more because bull run still is starting. Dump/dropped is normal in crypto market we all know that. So I think being being positive is give more confidence. We don't need to stress ourselves because we loose a little bit profit, we can get a good profit again because new ATH will be coming.

In a short span of time this small downtrend will be change o another good pumped, it's up to the traders / investors capabilities to sort things out
and still being optimistic and have a positive view inside their investment, think for the betterment of your assets and keep moving forward.

[figmentofmyass]

@mikeywith:

what do you think about masterluc's projection laid out here: https://bitcointalk.org/index.php?topic=274613.msg51025897#msg51025897

you think momentum is strong enough for $15k from here? that's nearly another doubling. so you think we'll break right through $10k---another significant pivot high in 2018?

were you around during the late 2015 rally? i'm beginning to sense that same sentiment from back then, when we were gliding through the $400s. nobody expected $500 to be the stopping point of that rally.

[Indrawan77]

Taking profit is absolutely common thing and when you think you hit your target then you can cash out to enjoy the result, holding or buying bitcoin for now is for long term, because the price already a bit high so it might be risky to try to make profit from the dip

[shesheboy]

Taking profit is absolutely common thing

No meyt its not a common thing because the price of cryptos dont oftenly increase and pump . Whats common for crypto users is that they only hodl   .

when you think you hit your target then you can cash out to enjoy the result,

Cashing out quickly and cashing out all what you got isnt really a good idea because what if the price continues to increase more ?  If you can earn more ,  you can also enjoy more   

holding or buying bitcoin for now is for long term, because the price already a bit high so it might be risky to try to make profit from the dip

Bitcoin is for both long and short term . Only skilled users can possibly profit from the dip , so if your not one of them , its better if youl wait for a while  .

[el kaka22]

People need to gather up some fiat in order to buy even more later on, right now there are enough buyers to ensure as soon as sells stop the price keeps going back on the resistance levels. Which means if you sell right now and not during the support line you are actually helping us, if you sell during the support line you are making us go low but if you sell now and buy during the support lines you are making those lines even stronger.

If you sell now and not buy during support and wait until resistance and then buy there you are actually increasing the price a lot more than the rest because breaking the resistance is the important thing. That's why taking profits at the right place but buying at the right price is quite important and should be done.

[radjie]

Looks like attempts to break up from this range have failed so far and a further breakdown from this range could be on the books, though it seems we've bounced a bit from around $7500 on Bitstamp and the fall's stopped for the moment. Hard to tell what's going to happen next at the moment, though I would say there's a chance we could eventually return back to $8K and perhaps break through again as well. Added a bit to my own long in the $7600s, will see how this plays out.

Until now, the price range of bitcoin has often touched prices around $ 7000, this was due to continued market price corrections. but it is possible that in the coming days market price movements will again touch $ 8000, even if there is a subsequent pump, it is very likely that market prices will continue to increase.

[Whaleagent]

My charts show a strong bullish uptrend.

We all look at the same chart, but from different perspective.




The 8.5k was the last high we made a year ago (july 2018) for this trend to be bullish it has to close above it , make a new high and not close below it, for all we know this could play out as a double top and head back down to make a new lower low. it is unlikely but the possibility is still there, i am not sure how are you viewing this as a confirmed change of market direction, but i would like to see a TA from you.

How was 8.5k the last high? LOL. That's the last high in the monthly chart, not the daily chart, why would that be the last high in the daily chart when bitcoin has consitently closed a ton of consecutive days with higher highs and higher lows? What kind of TA are you using mate?

[ethereumhunter]

Looks like attempts to break up from this range have failed so far and a further breakdown from this range could be on the books, though it seems we've bounced a bit from around $7500 on Bitstamp and the fall's stopped for the moment. Hard to tell what's going to happen next at the moment, though I would say there's a chance we could eventually return back to $8K and perhaps break through again as well. Added a bit to my own long in the $7600s, will see how this plays out.

Until now, the price range of bitcoin has often touched prices around $ 7000, this was due to continued market price corrections. but it is possible that in the coming days market price movements will again touch $ 8000, even if there is a subsequent pump, it is very likely that market prices will continue to increase.

Yes, we are still at $7000, but now, it seems the price wants to get high because I see the green candle came in this day. So we can hope that tomorrow, the price will break $7,900-$8,000 like before. But still the situations cannot be predicted, and we could see another down of the price again if the market rebounds to the lower price. But for a long-term, I still believe that bitcoin will increase higher and the price will touch more than $10,000.

[arpon11]

Looks like attempts to break up from this range have failed so far and a further breakdown from this range could be on the books, though it seems we've bounced a bit from around $7500 on Bitstamp and the fall's stopped for the moment. Hard to tell what's going to happen next at the moment, though I would say there's a chance we could eventually return back to $8K and perhaps break through again as well. Added a bit to my own long in the $7600s, will see how this plays out.

Until now, the price range of bitcoin has often touched prices around $ 7000, this was due to continued market price corrections. but it is possible that in the coming days market price movements will again touch $ 8000, even if there is a subsequent pump, it is very likely that market prices will continue to increase.

Yes, we are still at $7000, but now, it seems the price wants to get high because I see the green candle came in this day. So we can hope that tomorrow, the price will break $7,900-$8,000 like before. But still the situations cannot be predicted, and we could see another down of the price again if the market rebounds to the lower price. But for a long-term, I still believe that bitcoin will increase higher and the price will touch more than $10,000.

Many of us here has started understanding how this market work and traders or investors must take profits. Many newbies especially those that has not spent time in cryptocurrencies market are panic when bitcoin is building a channels for correction before resuming its uptrend and to us that has experienced on this market we see this as a normal thing and expected thing to happen to the market at that particular time. The next push may create another high for this year 2019 and that may keep bitcoin above $8500 for some time.

[EdenHazard]

But sometimes you have feel the profit from your investment. Don't continue to buy because you can add your capital with the strategy, I mean when you bought bitcoin at the lower price and its price increasing then you can sell it at that time. After that, you may know the price bitcoin never increased continuously because it will find a correction. Then, when the correction came that is time for you to buy again at the lower price so as your bitcoin will add because you has got profit from the selling before the correction came. Do these thing as long as you can, maybe it will help you to spend money to buy bitcoin.

[UNOE]

You don't take profits by selling Bitcoin. You are taking your profits by buying Bitcoin.

Every dip is a chance to take profits by selling your dollars or other fiat currencies. Every time you invest your bitcoins by using them to buy dollars, you are risking them.

That of course is assuming any intelligent person would rather hold Bitcoin than mere fiat currencies.

Take profits by shorting BTC instead.  You could end up with more Bitcoin wich means more dollars in future, with this way you never lose dollar value if you are correct on market movement. Close short position and open long position when you think that Bitcoin could go up.
If you are not sure what are you doing, then dollar cost averaging isn't bad idea for you, or just hold Bitcoin and come back after 2 to 3 years to take profits with method above. Good luck my dear friend.

[bitcoindusts]

I also think who want to take a profit can take now, but i think the gainers will be the long holders because bitcoin should value way more and if will hit a new ATH then a good profit can be made.

Its always been said that those who hurry often lose. There's not much to profit from the price difference bitcoin made lately. If holders are not in a hurry and don't need money that much, better leave their bitcoin secure for now in their wallet and wait patiently for a real bull run in the market. The problem others experience sometimes is they need the money and they can't that long any more but if they've regarded their holdings as real investment they will not touch it until maturity time comes.

[Nahl]

I was consider those dropped are more likely just an another corrections price and look at the price in these few days seems it was recovering so don't have to worried about that because until today the price still strong at range $7000 above and i think small corrections is usual in the bitcoin price movement and all we have to do is don't have to panic

[BitHodler]

There's not much to profit from the price difference bitcoin made lately.

Maybe not for you, but for enough traders it is profitable. Every minor price movement can be a worthwhile scalp with leverage. How do you think a boring asset such as gold is being traded? Leverage is key.

If holders are not in a hurry and don't need money that much, better leave their bitcoin secure for now in their wallet and wait patiently for a real bull run in the market.

Why do you assume that people speculate with their entire coin stash? In most cases people's speculative coin stash accounts for less than 10% of their total long term hodl stash.

As for the 'real' bull run you're talking about, it can't get much more real than going from $4000 to $8500 in a short period of time. Your 'real' bull run definition is probably based on a 500-1000% increase.

[LimLims]

I was consider those dropped are more likely just an another corrections price and look at the price in these few days seems it was recovering so don't have to worried about that because until today the price still strong at range $7000 above and i think small corrections is usual in the bitcoin price movement and all we have to do is don't have to panic

In case of Bitcoin,  i would say that don't be panic at all.
If you see the recent growth graph then Bitcoin has already increased a lot.
But the things that is concerned is that, compared to last 3 days the price is falling down.
So now it is not the time to panic.
The only thing is to do is to prey so that Bitcoin keeps on increasing.