Anticipating a spike

[Pipdips]

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?

[Oilacris]

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?

Probability= Most likely
Shorting? = Then that's too far as a target

Better have a look or eyeing on 9k-9.5k price range if you are aiming for short term profits.Even
scalping out on this moment is worth to try.

[Pipdips]

I just put in another order to sell at $19,000.

Bitcoin is already in an uptrend so I figure, why not? You never know if somebody buys billions of dollars worth of Bitcoin overnight while we are sleeping, the price could surge upwards...

[hugeblack]

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

Ask yourself a month ago Do you think we will reach this level ?, If that is true, $ 16,000 may be the next high range  .
From my point of view, the $ 8000 level is a high level and we can only break that barrier through a lot of positive news. I do not know the reason for the past highs but logic says. so, if you want to gamble start gambling.
Again the price does not recognize logical.

[creeps]

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 a good price to take profit and I think you don't need to wait for more years because it can happen this year and most of the prediction with bitcoin this year is good. As we enter in the last month of 2nd quarter I think we are going to grow unexpectedly. My selling point is beyond $20k, It might take long time before it can hit again but I'm confident with bitcoin so I know its worth to wait.

[PLATO]

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 a good price to take profit and I think you don't need to wait for more years because it can happen this year and most of the prediction with bitcoin this year is good. As we enter in the last month of 2nd quarter I think we are going to grow unexpectedly. My selling point is beyond $20k, It might take long time before it can hit again but I'm confident with bitcoin so I know its worth to wait.

I will wait to see that because the market in the last 2 months has always had very good price increases and June may decide the market trend this year. In my opinion, selling at $13,000 is absolutely acceptable because surely after a up price then Bitcoin will have a big adjustment and will continue to rise even higher if there is participation of big financial fund. Anyway now we are just predictors and the crypto market always has a lot of surprises happening

[tonyvo2017]

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 really an ambitious number. You should not set orders too high. Because the crypto market always has volatile fluctuations and you should take advantage of it to sell the best prices.
For example, the price of BTC has just risen to $ 9k and then only 30 minutes its price has dropped to $ 8k3. if we set the selling price at $ 9k and buy it at $ 8k3, and then redo that cycle. we will be rich soon

[mk4]

if we set the selling price at $ 9k and buy it at $ 8k3, and then redo that cycle. we will be rich soon

Think about how unrealistic this is. What are the chances that you actually call the exact top and the exact bottom of $9,000 and $8,300? It might just be easy for you to see the top and bottom simply because it already has happened.

[rosezionjohn]

For example, the price of BTC has just risen to $ 9k and then only 30 minutes its price has dropped to $ 8k3. if we set the selling price at $ 9k and buy it at $ 8k3, and then redo that cycle. we will be rich soon

You must be trading a lot of BTC that a movement from 8K to 9K will make you rich very soon. It will probably move within that range for a few more weeks ad I won't be surprised if it goes pass $9K and established itself there before the month ends.

[shinratensei_]

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 have different speculation than you. I just consider the next big factor like halving, it's not a problem when you have put sell orders at that rate but did you even consider the halving of bitcoin. maybe sell some of your amounts will much better to anticipate the impact that caused by halving of bitcoin. I have seen some patterns from the halving time of bitcoin and it looks like that the bullish will always come after a new bottom in the new period.

[zhea]

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 got to have to wait for a long time before your orders being filled as resistance on the $9k is not broken yet. Just leave it as is and come back at year end.

[Altero]

For example, the price of BTC has just risen to $ 9k and then only 30 minutes its price has dropped to $ 8k3. if we set the selling price at $ 9k and buy it at $ 8k3, and then redo that cycle. we will be rich soon

You must be trading a lot of BTC that a movement from 8K to 9K will make you rich very soon. It will probably move within that range for a few more weeks ad I won't be surprised if it goes pass $9K and established itself there before the month ends.

It won't be any surprise to us if the market will show some spike after today, we even don't know what next and we all just into speculations. There is no right or wrong with our speculations, even we say that bitcoin price will reach $10k next, in fact, it is alright but it too far from reality.
We can actually prepare for the incoming if we want to but due to its volatility life, everything will be full of surprise and hard to prepared. 

[xvids]

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?

Probability= Most likely
Shorting? = Then that's too far as a target

Better have a look or eyeing on 9k-9.5k price range if you are aiming for short term profits.Even
scalping out on this moment is worth to try.

OP's price range is too high at the moment we never know if it could get that high.
And I agree if OP wants to get a quick profit better to set it at a lower price the market is currently struggling to break $8,500 so it is better to set it around $9K just to be safe.

[Awesomus Maximus]

I think it is going to go up. But not that high above the current price. Of course I could be wrong but I think those targets are not going to be reached so soon. At the moment, the sentiment is 60:40 in favor of going up, so yeah, I'm optimistic. However, you are never sure what the market makers are gonna do. They may drive the price down if they think that are going to make more money. So I"m cautiously bullish, as you never know for sure.

[traderethereum]

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 is good places to sell your bitcoin although we don't know when it's happening.
But you already make a good decision to place on that position, and you don't have to worry if you miss the flash pump that might happen later.
I am sure that we will break those price even if we are slow to break that price.
If we talk about the probability, the price will increase in a long time, and your price sell will reach at that time.

[davis196]

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?

Those prices will most likely occurs during the next year.It's OK to wait,if you are patient.
The price will move between 7-8K USD this summer and and it won't gain enough power for a big increase.

[Kevin77]

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?

Yeah, if we are going to sell at a leveraged position it would be a lot better if we just use 9.5k or so as a target.

If you are going to put sell orders for ready then there is no need for the 16 thousand one, if we go all the way there you will probably hear about it beforehand, its not going to happen overnight, you will be online and aware and it would take weeks before it happens. That is why I think at around 12k is enough anything above that should be waited, for the sole purpose if it goes to 16k and more we should wait and see maybe it will go even higher, if it doesn't then you can have a sell order after we pass 16, like sell it when we drop to 16 type but until we reach that I believe you should keep it on your wallet.

We are doing so great right now, putting on sell orders doesn't really help us get there.

[playboy654]

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?

Too long waiting period will be the result if you set the price doubled from the current price.

[Pipdips]

Original poster here. It is good hearing your viewpoints on this subject.

There is news bubbling around that there may be a huge purchase coming soon of over $30,000,000,000 worth of Bitcoin. If somebody ordered that much Bitcoin, how would the price react? It would create a humongous spike, right?

Throughout Bitcoin history, what were the largest spikes? What were the reasons behind each of them?

[john_nautica]

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 right to install the price, because the potential of bitcoin will grow high. but you need to be patient until you see the price of bitcoin returning high. so I suggest that you keep watching bitcoin.