Anticipating a spike

[easemypain]

In cryptocurrency anything is possible, you can never go wrong even if you set your trade for $20,000 because overnight the price can spike.

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[Shenzou]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

That seems like a pretty good price range to sell at, it is optimistic but no too optimistic like everyone else thinks, i really think that we can hit the 16k range by the end of September, i mean considering where we were 2 months back at 3.5k and now we were able to go double that amount and there were no major events or news that happend, so if in the near future we see some good news we will definitely see the bitcoin thrive and go to high prices and we might see it hit 20k this year.

[diazepam666]

I am not sure why you placed for that huge amount. If that is huge rally on coming ahead in the market then your trading placement will give good pick in the future days.
You know I have placed for 8.95k USD which is real and market already crossed this value.
I can make the money faster than you because if the market reversed we cannot do anything buddy.

[wumBowo]

shorting for now seems a good thing since the volatility seems plausible. As long as you enter on the right time, shorting will gives you a good profit as well.

[exstasie]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

This analyst has some projections you may enjoy checking out: https://bitcointalk.org/index.php?topic=5140701.msg51293011#msg51293011

There's not much point assigning probabilities, but it's certainly possible. The momentum on the monthly time frame is incredibly strong, so it's easy to imagine a long wick through historic resistance levels while the market is in FOMO mode.

I got shaken out of my longs yesterday and am waiting on the sidelines for another obvious trade setup. It could go either way from here. Some analysts think we're on the verge of a multi-month downwards correction and that wouldn't be too unreasonable either.

[Nellayar]

In my opinion, it hard to anticipate when the spike in the market will happen. You just like predicting how will tomorrow comes. Due to the volatility of cryptocurrency specially, the bitcoin many people are still shock or amaze when it breaks the resistance level. But there are also pro trsder that already know when it will move up.

[Oceat]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

I don't know why you have to put that orders outside of the trend. The probability that you will likely to get a profit on that might be a couple of months or more before Bitcoin could finally reach the five-figure price. Take a look at the chart and the discussion of the price of Bitcoin if you want to ride the flow of the trend.

[samcrypto]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

That’s gonna happen in time, and since you are willing to wait  then I think that’s a good decision. Holdig bitcoin is always profitable, next year the halving will happen and it can make the price expensive so its good to buy now. Maybe you can set a higher price up to $20k, that’s just a simple advice which is also possible to be hit.

[peter0425]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

Of course, the probability is already there, you just need a bit of patience because there could be some resistance around $9200/$9500 and then the much anticipated 5 digits barrier. I just hope that you will really go super-long and won't short bitcoin because everyone is anticipating another massive run.

[thunderbitz2717]

This is nice! More likely, about two months you can have your profit. But, if you do day trading, you might have bigger accumulated profit by having little profit. This is advisable as long as this is just a portion of your total investment. This is like a passive investment.

[stadus]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

Great, and smash it hard and just relax and take a vacation, when you come back, you'll be surprise that sell order will be hit.
I believe the longest time to wait for that to fill, is this year, and just be optimistic as the market is going bullish this year, no bear market anymore, so think positive.

[SvonioneFromMangoCoinz]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

  $ 11,000 is an ambitious figure. You are aiming for 30% and 50% profit in BTC, it's really quite difficult. But if you buy LTC now, that profit can easily be achieved. Currently there are many groups of whales and forums discussing Litecoin Halving in the next 2 months and it is the ability for investors to profit from 30% - 70% depending on greed.

[jrrsparkles]

Looks like flat for now and I am not looking for amy huge spike at this stage,will be happy if the prices can stay at this level until end kf Q2.And thes we can speculate more for reaching the next high.

[fortunecrypto]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

You are anticipating a huge profit ahead and it is a good decision, and it might happen but not sooner than expected because of the price moving to slow, but eventually, Bitcoin will go to that level, there's a lot of good news around us if I have huge amount of Bitcoin I will do the same, you must anticipate profit in the bull market.

[BUK2016]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

Well, I will not blame you bro because expectation of everyone particularly those who are currently holders of Bitcoin is for Bitcoin market price increase more than what we saw in 2017 but that will not happen all of a sudden as a lot of positive things need to happen in favor of Bitcoin. I think Bitcoin at $11,000 will not be actualize soon but maybe in time to come.

[Distinctin]

Bitcoin is currently at about $8,500. I just placed sell orders at: $11,000, $13,000, and $16,000.

For some reason, I am waiting for a super-long upper shadow. Any thoughts? Any probability?

Well, I will not blame you bro because expectation of everyone particularly those who are currently holders of Bitcoin is for Bitcoin market price increase more than what we saw in 2017 but that will not happen all of a sudden as a lot of positive things need to happen in favor of Bitcoin. I think Bitcoin at $11,000 will not be actualize soon but maybe in time to come.

We have that feeling to see Bitcoin at $11k or more but some of us are still having doubts inside. Maybe we should forget the past, it is already a part of crypto journey cause if we keep on looking back, it will affect our trust in crypto.  Though there are a big frustration and regrets last year, we should need to move on and be positive for the incomings. It really helping us.

[huhhuh18]

Lol, you have a good vision buddy but you know what'll make it look bad probably, that's when the market spikes above your sell orders and enters the $20,000 once again. You'd wish you didn't sell lol.
What I mean is that, if you have such a long-term vision, you better hold it more than that price because we're definitely going above that.

[Kiefner]

There are definitely prerequisites for this. Bitcoin does show positive movement. But do not forget that there are risks. He can still fall below and then you can buy more.

[Cosbycoin]

Looks like flat for now and I am not looking for amy huge spike at this stage,will be happy if the prices can stay at this level until end kf Q2.And thes we can speculate more for reaching the next high.

I still believe there could be tremendous rise in the market value of Bitcoin in days to come and the reason for that is the crazy rate at which Bitcoin is adopted around the world. It is something that gives Bitcoin some push and with every nest push, the influx of investors in the market rises due to fear of missing out an opportunity to make money.

[GreatArkansas]

You are catching knives with that kind of move, it's okay as long as you have your stop loss and make sure you don't really use much leverage if you are on leverage trading. I also tried that way before with high leverage, but it's long position, I catch when the huge dump happens but I fcked up. Liquidated, cried on the corner and lesson learned.