Anticipating a spike

[rizkyhiw]

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.

Of course such a jump will be very long where people tend to be more restrained from investing after the market is really in very good condition too, but this is a good time because prices are very cheap and then anticipate a surge that occurs, set Market prices Good long term is a good thing where you have to do a lot to develop the market, we just have to wait when the time comes.

[ethereumhunter]

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 always possible to see bitcoin price increase at that price, but the problem is we don't know when it will happen. You can place sell orders at any price you want, but you must have the patience to see your order will complete filling. I am sure that the price will be back to the higher price and I don't mind to place an order sell like what you did because I believe bitcoin can go to the last higher price and even more.

[1Referee]

Everyone believes that Q4 will grow and it will really grow, I am feeling that many investors are excited to invest more in crypto.

Not sure where you got that from, but even if so, if the mass expects the price to go up by whatever period, it's going to increase the probability of an opposite move.

Being a contrarian pays off most of the times, and we have seen that happen twice in less than 12 months time.

The first time was last year before we broke the $6000 level. People were confident about that level to hold and were expecting a bull run to happen. We got a massive correction instead.

The second time was this year before we got that pump to the $5000 level. People expected much lower levels, and some were even speculating about sub $2000 to be a realistic option. We got a massive pump instead.

[Hemady17]

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?

Your wrong! Bitcoin is moving down already. I do not know what happens but maybe it is just a bull trap for bitcoin. However, I suspect that the price will go up in case the rumors of bakkt will happens. As of now, we should wait it to comeback on its own price. In fact, I am just holding today.

[samputin]

The only thing you can do is to hodl or buy even more. That's it! Selling is not advisable because you will definitely loss a lot. I know you are pressured and frustrated but much better ro resist the pain (you will get used to it as time goes by) and wait for the price to bounce back. You know what, just think positive and stay calm .

Your wrong! Bitcoin is moving down already.

of course, btc is naturally flictuating from time to time it doesn't retain to a fixed price .

[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?

Your wrong! Bitcoin is moving down already. I do not know what happens but maybe it is just a bull trap for bitcoin. However, I suspect that the price will go up in case the rumors of bakkt will happens. As of now, we should wait it to comeback on its own price. In fact, I am just holding today.

Bull trap when the movement of bitcoin has not dropped a lot, man, keep calm, this just a small correction, and bitcoin is moving sideways so it's not a serious one. Maybe we are down below $8000 now, but sooner it will rise again, where is the patience man?

[exstasie]

Not sure where you got that from, but even if so, if the mass expects the price to go up by whatever period, it's going to increase the probability of an opposite move.

Being a contrarian pays off most of the times, and we have seen that happen twice in less than 12 months time.

The first time was last year before we broke the $6000 level. People were confident about that level to hold and were expecting a bull run to happen. We got a massive correction instead.

The second time was this year before we got that pump to the $5000 level. People expected much lower levels, and some were even speculating about sub $2000 to be a realistic option. We got a massive pump instead.

How about now?

I'm seeing lots and lots of bears eyeing the $6,000s now, some are looking for the $5,000s too. Expectations of $10K+ seem to have mostly evaporated. My initial thought after the crash from $9K was we were headed for a retest of the April breakout levels. Now that everyone else is expecting that too, I'm starting to question that assessment.

[FanEagle]

The fact that bitcoin dropped right now helps us a lot. I mean we all know that public still believes in bitcoin and we all know that the price will go up because the bull run is still here and all we have to do right now is buy and wait. I do not usually buy bitcoin at all but right now I could make an exception, it is so so obvious that bitcoin artificially dropped that it will be capable of going up yet again and nobody would be able to ask how it happened because its so obvious.

I don't know how much it will go up or when it will go up but the metrics show that it will go up for sure since this wasn't a real drop but only one big sell. Everyone else still believes in bitcoin and will keep buying or holding while going up.

[Pipdips]

Not sure where you got that from, but even if so, if the mass expects the price to go up by whatever period, it's going to increase the probability of an opposite move.

Being a contrarian pays off most of the times, and we have seen that happen twice in less than 12 months time.

The first time was last year before we broke the $6000 level. People were confident about that level to hold and were expecting a bull run to happen. We got a massive correction instead.

The second time was this year before we got that pump to the $5000 level. People expected much lower levels, and some were even speculating about sub $2000 to be a realistic option. We got a massive pump instead.

Great post. I find that it is human nature to see the market as we want to see it, not how it really is.

[suprnurd]

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 you're nuts to leave any amount of BTC on an exchange locked in a sell order. Just my opinion though.

[Pipdips]

I think you're nuts to leave any amount of BTC on an exchange locked in a sell order. Just my opinion though.

It is not crazy. The whole purpose of trading is to make money and taking risks is an unavoidable part of trading online. The only issue that keeps all traders from moving funds out of exchanges everyday is: withdrawal fees. We do not want to pay extra fees every time we move funds back and forth into exchanges. Every trader is fully aware of the risks. I have had crypto-currency parked at Binance for a few years now and my funds were never stolen.
 
Nevertheless, today I moved all of my funds out of Binance and into a cold storage wallet. I am taking a break.

[ricardobs]

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?

We have been talking about this spike for a long time and I don't even know when the spike is going to be. We have all waited for a very long time for the spike, ever since the last bull run we had, the price hasn't been doing pretty good, instead all we are seeing is just low prices. Currently the price of bitcoin has dropped from $8000+ and is now back to $7000+ again. The price is currently at $7,600 and it has been around these price since this week. I just don't know how long we are going to wait, cause I was expecting that by now we will see the price at the rate of $9000 and heading to $10,000. I'm hoping there will be a big change before the end of this month of June.

[sana54210]

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.

Patience is really the key to success, although we all have very high needs and need money on a daily basis which usually warrant a lot of people to go into day trading, but I think waiting for Bitcoin to really pick up is not really going to backfire, and it will be worth it for the investor in the end.

Long term investment in Bitcoin has never disappointed investors in the past fi we buy at dip and not when the market is high. Trading is also not really a bad thing though, if the holder has the strength, skill and the knowledge to do so, at least he can go for the two to have a full benefits from crypto market.

[Rufsilf]

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.

Patience is really the key to success, although we all have very high needs and need money on a daily basis which usually warrant a lot of people to go into day trading, but I think waiting for Bitcoin to really pick up is not really going to backfire, and it will be worth it for the investor in the end.

Long term investment in Bitcoin has never disappointed investors in the past fi we buy at dip and not when the market is high. Trading is also not really a bad thing though, if the holder has the strength, skill and the knowledge to do so, at least he can go for the two to have a full benefits from crypto market.

That's right, if you can still afford to wait until the price will spike up then why not if it is for you to get higher profits. Bitcoin for me is the currency that is worth the wait, we may see bumps along the way but bitcoin sure can turn things around. However, if you can't wait any longer then you can do a little scalping but you might lose in the process so I really think it is better to wait that risk of scalping now and loss a long the way.

[rhodelmabanal]

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.

Patience is really the key to success, although we all have very high needs and need money on a daily basis which usually warrant a lot of people to go into day trading, but I think waiting for Bitcoin to really pick up is not really going to backfire, and it will be worth it for the investor in the end.

Long term investment in Bitcoin has never disappointed investors in the past fi we buy at dip and not when the market is high. Trading is also not really a bad thing though, if the holder has the strength, skill and the knowledge to do so, at least he can go for the two to have a full benefits from crypto market.

That's right, if you can still afford to wait until the price will spike up then why not if it is for you to get higher profits. Bitcoin for me is the currency that is worth the wait, we may see bumps along the way but bitcoin sure can turn things around. However, if you can't wait any longer then you can do a little scalping but you might lose in the process so I really think it is better to wait that risk of scalping now and loss a long the way.

Indeed it's worth waiting for, yet needed such patience after all in order for us to sustain the journey of holding an asset longer. Most of the time a person tend to lose hope, that's why some scenarios begun to fall back down towards failure. If that failure involved a lot of money which supposed to be for your future plans, then I would suggest extend your patience and try to develop more stronger motivations towards facing the struggles.

[onrise]

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 you're nuts to leave any amount of BTC on an exchange locked in a sell order. Just my opinion though.

The price is quite higher go considering the placed order . If it would have being 9 or 10k it would still have being a better option but anyways nothing wrong as just keep and forget it as for long term investor it would not be a real concern .

[el kaka22]

I think best we can hope right now is the fact that bitcoin has been doing well for the past 2 months so the spike has already happened and another big jump could happen but nothing like the previous one.

When people see that price went from around 4 thousand dollars to 8 thousand dollars and you tell them another increase will happen they do not think it will go 9 thousand dollars, they think if it went from 4 to 8 then why not go from 8 to 16 as well. That is why I honestly think that bitcoin already had its huge spike and whatever will happen from now on will be just small movements, it won't be as big ever again for a long time, of course it can reach 16 too but that won't happen in a week with quick gains after quick gains, it will probably take long months to reach there.