Bitcoin Indicator Flashes a Sell Signal

[BitHodler]

OP, but it's actually flashing a buy signal. Don't believe me? Zoom out. Many a good men have made the mistake of day trading over and over instead of HODLING Bitcoin.

I have made the same mistake. I thought I would do well selling a portion of my coins at lower than current levels to buy back and end up with more satoshis, but the price kept going up instead.

It made me realize that it's not worth it to sell and try to buy back 10-20% lower. If the price happens to tank in the coming weeks I'll happily buy back my coins and send them directly to my cold wallet. I learned my lesson.

As for the market's buy/sell signals, I don't think it has been much of a useful metric to follow. The market as irrational as it is has ignored technical indicators for quite a while now. Just buy and hodl.

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[Reid]

Stability at $7500. I will take that but should not go below it. Or else, bad things might come again for the panic boys.

It is just a signal and could be a fake one too. It could also be a bait for newbies to start selling for them to buy at a lower price.
This kind of strategy aint new anymore. It happens mostly in altcoins but can also do with bitcoin although there will a little chance it could click.
The expensive price of bitcoin makes newbies in a place into where they cannot sell at rush thinking a price pump will happen anytime again.

[Jamjamz30]

It's really hard to rely solely on these signals. Things here in cryptocurrency are very unpredictable. Prices are very volatile wherejn prices go up and down without any warning. Of course we don't want to regret or get left behind. It is really a dilema. As of now, I think investors are still positive about the situations.

[Lakai01]

OP, but it's actually flashing a buy signal. Don't believe me? Zoom out. Many a good men have made the mistake of day trading over and over instead of HODLING Bitcoin.

I second this. I have already lost too much money listening to "all indicators show sell/buy" and then the opposite became true. The market is still unpredictable, forecasts mean nothing in my opinion. So its way less stressful to just HODL, lean back and enjoy the ride.

[bitgolden]

Don't listen if you are bullish or if you are holding bitcoin.
People can talk anything because they have the freedom, what matters is what you believe.

Let's see the market will dump, then let's accept that reality, but I don't think it won't recover.
Based on the past performance of bitcoin, it's been dump many times and bounce back strong then reaches a new high.

We are quite used to those set of people already and we already know their plans, their plans are to create dump either because they want to invest or they cant’s just live with the future fact of seeing their friends jubilate in future at their investment.

The thing I have realized about sound Bitcoin community is that they are usually not shaken by things like this, even when the price dumps hard, they still see it as an opportunity to buy and you get many investors buying, so let the dump come, we are still here to trade at that value, and we will keep doing this till the bear is completely over.

[davinchi]

It seems like the ''bleeding'' has stopped for the moment and now the price is maintaining at $7700. Many people panicked and sold their bitcoin immediately after they saw how fast the price is going down and this could be either a good or a bad decision.Some people say it's going to continue the downward trend others think it will rebound back and reach $9000. Well have to wait and see which of this parts is right.

This is a way to get rid of poor psychological investors in this market and whales are looking to buy Bitcoin at a cheap price before there is a big price increase in the next few weeks. What I can be sure of is that Bitcoin will soon return to the $9000 price and we can make a bigger profit if there is great confidence in this market. Anyway, be careful and only use 70% of your assets to invest and spend 30% on an emergency because I can't be sure of the trend of this market.

This is an undeniable fact and in fact a universal truth that Whales have been instrumental in pushing the market value of these crypto assets immensely and I feel that we are going to have the same scenario again which means that a hold of your crypto assets for a bit more longer would really be a reason for great profits in the next few weeks of maybe months.

Your words are quite contradicting, because when it comes to Whale and Holding, they are both enemies and in a market where we are sure that the pumps is as a result of whale’s manipulation is very risky to practice holding, and short term trade will just be the best in that situation.

It is only an organically pumped market that is very safe to continue holding because the intention of the investors are clear and would not be for the purpose of manipulation. If you invest in a coin knowing whales are pumping it, expect that there will surely be a great dumping, and if you are not fast to take profit when they pump, then your investment may crash along with their dump.