Anticipating a spike

[rez303]

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 playing with fire with no stoploss command. In the cryptocurrency market, everything is possible. But there are too many people expected as you will make the price of BTC very difficult to raise again. because whales are always sniffing out the strategies of many investors and therefore it will offer a different strategy.
Please adjust your portfolio and you should reduce your greed.

[radjie]

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?

it might take a long time but it certainly can be profitable. right, nobody knows if bitcoin experiences a very sharp price increase when we fall asleep all that can happen. if you do not need funds in a short time, it is not wrong to make an order at that price and you can make it a long-term investment that can be profitable

[joshy23]

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?

it might take a long time but it certainly can be profitable. right, nobody knows if bitcoin experiences a very sharp price increase when we fall asleep all that can happen. if you do not need funds in a short time, it is not wrong to make an order at that price and you can make it a long-term investment that can be profitable

Indeed, the spike happens and there's no one can easily predict that, only speculations and no real basis we are expecting things to be in positive directions after some time, keep it that way and wait for the value to bring positive growth to your 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?

it might take a long time but it certainly can be profitable. right, nobody knows if bitcoin experiences a very sharp price increase when we fall asleep all that can happen. if you do not need funds in a short time, it is not wrong to make an order at that price and you can make it a long-term investment that can be profitable

It always good to buy at the current price if you believe it will reach at that level, I think it's easy to see that price and take profit.
Look at the price now, seems like we are now below again at $8000, we weren't able to hold on as we cannot break the resistance, but believe that it will rise again and we shall be again trading close to $9000.

The market movement is pretty normal, but in general we are still in profit this year, so take very dip a buying opportunity.

[nur rochid]

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?

it might take a long time but it certainly can be profitable. right, nobody knows if bitcoin experiences a very sharp price increase when we fall asleep all that can happen. if you do not need funds in a short time, it is not wrong to make an order at that price and you can make it a long-term investment that can be profitable

It always good to buy at the current price if you believe it will reach at that level, I think it's easy to see that price and take profit.
Look at the price now, seems like we are now below again at $8000, we weren't able to hold on as we cannot break the resistance, but believe that it will rise again and we shall be again trading close to $9000.

The market movement is pretty normal, but in general we are still in profit this year, so take very dip a buying opportunity.

psychological prices affect the actions taken by traders. when this is indeed a good time to buy, price corrections occur, and the opportunity to profit is wide open. therefore we must start participating to support the rally

[redsun114]

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 think there is going to be an increase any time, but we don't know when it is going to be. I have seen a lot of people predict $10,500 for this month of June and that was the same prediction we had for the month of May and that never happened, rather the price kept running around at the rate of $8k.

So we are not even sure, but I have strong believe that we are going to at least reach $9.5k in this month of June, unless maybe there happens to be a huge spike and the price will speedily move up to $10,500 like they have all said.

[Indrawan77]

Well judging from the market, the possibility for rising that high still widely open but maybe not that fast, it will take a while because the price impossible to keep on going up without being corrected, but its a good move to just set the price and wait for it, just need to be patience

[Pipdips]

What was the largest price spike in Bitcoin history?  I found this report from last year:

"WHY DID BITCOIN'S PRICE SPIKE? EXPERTS EXPLAIN EXTREME CRYPTOCURRENCY VALUE CHANGE"
Bitcoin’s value shot up by more than $1,000 in the space of an hour, driven by the biggest one hour trade volume in history
https://www.independent.co.uk/life-style/gadgets-and-tech/news/bitcoin-price-chart-analysis-cryptocurrency-value-why-exchange-a8302106.html

[davinchi]

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 believe your first sell order will be achieved this month or next which you can still add it to your next sell other when the correction comes.

Those sell position you placed is really not a bad idea, it shows you are not going to be a greedy person, but hope you know that the last sell order you placed is just like half of what I expect bitcoin value to be in the coming bull run, and placing sell order at that price will keep you out of the market completely except you want to join group of people that will FOMO buy and may end up making the last mistake some of us all made in the last bitcoin bull run.
So if I were you, I will cancel that last sell order and just keep it till we see bitcoin at its ATH.

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.

No one is really sure if the ATH of this time will pass the last ATH yest and setting his trade at that $16k is not a bad one. It is better to be on a safe side and win than risking and eventually losing.  I believe bitcoin has the potential to rise far above the last all-time high, but as you know, we all speculate without really knowing if it is certain or not.

We don’t know what value op bought and how much he has invested in bitcoin, so if he is comfortable at that value, then it will be fine. The only thing I feel he can just do is set 80% of his trade at the $16k and set the remaining 20% at the $20k as suggested by you which will not still kill him if it turns against him later.

[yvesp110]

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 believe your first sell order will be achieved this month or next which you can still add it to your next sell other when the correction comes.

Those sell position you placed is really not a bad idea, it shows you are not going to be a greedy person, but hope you know that the last sell order you placed is just like half of what I expect bitcoin value to be in the coming bull run, and placing sell order at that price will keep you out of the market completely except you want to join group of people that will FOMO buy and may end up making the last mistake some of us all made in the last bitcoin bull run.
So if I were you, I will cancel that last sell order and just keep it till we see bitcoin at its ATH.

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.

No one is really sure if the ATH of this time will pass the last ATH yest and setting his trade at that $16k is not a bad one. It is better to be on a safe side and win than risking and eventually losing.  I believe bitcoin has the potential to rise far above the last all-time high, but as you know, we all speculate without really knowing if it is certain or not.

We don’t know what value op bought and how much he has invested in bitcoin, so if he is comfortable at that value, then it will be fine. The only thing I feel he can just do is set 80% of his trade at the $16k and set the remaining 20% at the $20k as suggested by you which will not still kill him if it turns against him later.

Well there is no doubt you might get the value of Bitcoin as high as the ones you have placed the orders at. However with the passage of time, the value of Bitcoin could grow as well and if you hold, you might be able to make even more than what you expect in trading. Speculation is a great way to make more than what you expect from the market to give you.

[kidoseagle0312]

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?

If you are not in hurry, I don't see any wrong with your tactics. But if you are one of the day traders, for sure you will do scalping.
But if your not familiar with properly, better to stick with your way mate. Besides, you are willing to wait until bitcoin kicks its value
in the market.

[Kasabus]

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 sell order has a great chance to be filled before the end of the year.
Bitcoin has been really moving well, of course we will not see a just parobolic run as that would not be healthy, having some correction now but we will be back with the uptrend shortly, keep hoping as one day when bitcoin skyrocket, that should be filled.

[izanagi narukami]

This is what I'm doing as long term investor.
We are not busy like short term because most of them believe on bitcoin able reach twice amount like never before.

Keep doing this as the profit keep grow !

[noormcs5]

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 is not how trading should be done. I think you are a new in trading.
Bitcoin has big resistances at 9000 and 10,000 and it will not be that it will cross all these resistances at once. A better approach is to use trailing stop loss so that you do not miss out on profits.

[Reid]

Wow.
Your orders are way far. I dont thinj it is going to happen that fast.
I mean, you are stalling your profit by doing it.
It might happen anytime but that is a huge risk. The exchange might even close before you see that kind of price. Your bitcoins are at stake by doing that too.
Better be safer than having too much expectation.

[aderidwan98]

That's very good in my opinion, putting sell orders in several places, because the opportunity to reach them is very wide open, because bitcoin is an asset full of surprises

[metalglowd]

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?

There is still a possibility to go to that number, I suggest you buy an order also at 7000, the possibility of Having will occur in 2020 so a large increase can happen. Even if it is monitored from TA it looks like it's going to go down, it doesn't hurt to take a position at 7000

[ajaymukund]

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 were too greedy. Although the bull run is running, I think there won't be any whales who want them to lose money. Many investors have wanted and are placing orders to sell at those prices.
Whales can smell that and they are gradually selling their bitcoins and making their prices fall more. Currently I see the market starting red and the BTC will go down to $ 7k5.

[ajaymukund]

I think Q4 will get you all you want at the price of BTC. Currently the market has some corrections from the whale's side and traders are still waiting for signals to create a huge buying power in Q4. Everyone believes that Q4 will grow and it will really grow, I am feeling that many investors are excited to invest more in crypto.

[jems]

There will always be a possibility and even I feel confident the price of bitcoin will be able to rise again to exceed $ 15000. But I am not sure it will happen in the near future, so I always prepare myself and invest for the long term.