Domination of Longs

[Wind_FURY]

it's not surprising for me,and about what happened today,

Yeah, no surprise. Bitcoin up, Bitcoin down.

like i say before on another thread,now its a final barrier between going to next resistance on 12-13k range,

HODL by this time, don't FOMO.

or back to 7-6k.

But another golden opportunity to buy the dip, and?

The great news, according to many aspects like charts,trading volume giving a positive point,which mean,it seems btc can go futher, however its doesn't mean bear cant do anything.

It is currently very bad time to be a bear in my opinion, Bitcoin is on its price discovery to 6 digits.

[1714722492]

1714722492

[tvplus006]

...OP which tool did you use to get this image, I would like to use it when I am analyzing my entry points

I see that the OP didn't respond to you , and I suggest you try the service that I use in my work: https://www.bybt.com/ Meanwhile, the market situation has stabilized and there is currently equality between long and short. In the next couple of days, the price will be trading in a triangle, after which we will be able to see more open longs.

[Wind_FURY]

...OP which tool did you use to get this image, I would like to use it when I am analyzing my entry points

I see that the OP didn't respond to you , and I suggest you try the service that I use in my work: https://www.bybt.com/ Meanwhile, the market situation has stabilized and there is currently equality between long and short. In the next couple of days, the price will be trading in a triangle, after which we will be able to see more open longs.

OR simply post your bids lower now before "the Bart" to, I believe if we're lucky to given the golden opportunity under $10,000, will crash to $7,000 to $9,000.

[Dilerium90]

Bitcoin always acts mean at the moment, when everyone thinks, that everything is fine. Even now, when we broke through $ 10,000 and went higher, everyone expects it to fall to $ 9,900 or to $ 7,000 and we can buy it, but ... What if Bitcoin goes below $ 3,000? This scenario is unlikely, but possible. Then everyone will suffer))

[rodskee]

Bitcoin always acts mean at the moment, when everyone thinks, that everything is fine. Even now, when we broke through $ 10,000 and went higher, everyone expects it to fall to $ 9,900 or to $ 7,000 and we can buy it, but ... What if Bitcoin goes below $ 3,000? This scenario is unlikely, but possible. Then everyone will suffer))

Wild truth that needs also to reconsider, bitcoin as we knew it
have this characteristics
To those who are new to this party it's better to keep doing your
research beforehand
There are lots of possibilities that the value may crash to the point
that it will go to that level.





The more you understand the more you will anticipate the how value
will turned to,
better to position yourself where risk is handy for you to take, keep
learning to lessen further damages.

[abel1337]

Pretty normal if we are talking about bitcoin, Price just goes pump and dump. After experiencing such dump I don't sell any of my bitcoin lower than the price when I bought it because in my experience it is just going back to the price before it goes down, It takes time sometimes like on 2018 where bitcoin upset many traders because it takes too long to recover but now it is still on the process.

Well it depends on how you trade but it is what I see on bitcoin and the longs are the ones who gave me more profit in my experience in trading bitcoin.

[deisik]

Bitcoin always acts mean at the moment, when everyone thinks, that everything is fine. Even now, when we broke through $ 10,000 and went higher, everyone expects it to fall to $ 9,900 or to $ 7,000 and we can buy it, but ... What if Bitcoin goes below $ 3,000? This scenario is unlikely, but possible. Then everyone will suffer))

This scenario is certainly possible

However, it won't be Bitcoin's fault. The point is, you can't actually say that it is Bitcoin that acts mean. If it goes below 3k, it will most definitely be due to some external event affecting the whole economy. For example, the infamous March 12 crash was due to a stock market crash, and Bitcoin only followed it. Of course, it showed pretty clearly that the cryptocurrency market is not a thing unto itself or entirely disconnected from the external world

[Wind_FURY]

Bitcoin always acts mean at the moment, when everyone thinks, that everything is fine. Even now, when we broke through $ 10,000 and went higher, everyone expects it to fall to $ 9,900 or to $ 7,000 and we can buy it, but ... What if Bitcoin goes below $ 3,000?

GOLDEN OPPORTUNITY! BUY!

This scenario is unlikely, but possible. Then everyone will suffer))

Then everyone will be thankful when Bitcoin reaches its path to price discovery of $100,000, or more, per coin. I have always believed that Bitcoin's macro-economics has always been pointing to 6 digits, or more.

[JeromeTash]

I see that the OP didn't respond to you , and I suggest you try the service that I use in my work: https://www.bybt.com/ Meanwhile, the market situation has stabilized and there is currently equality between long and short. In the next couple of days, the price will be trading in a triangle, after which we will be able to see more open longs.

Thanks. Just checked it out and it's a great tool when wants to check out the state of the market and an overview of trader positions. Bookmarked the link

Bitcoin always acts mean at the moment, when everyone thinks, that everything is fine. Even now, when we broke through $ 10,000 and went higher, everyone expects it to fall to $ 9,900 or to $ 7,000 and we can buy it, but ... What if Bitcoin goes below $ 3,000? This scenario is unlikely, but possible. Then everyone will suffer))

If bitcoin was only increasing in price without any correction then it would not be something healthy for the bitcoin believers. Some would actually think it's a ponzi scheme, because that's what ponzi schemes like bitconnect did. It would be a bubble that would burst at one point, never to recover again

[wywoc]

Well we see the result, a 1500$ dump candle of BTC in few second and more than 1 billion USD wiped out in only BTC & ETH long positon (If you include other altcoins, it's even higher). My long positon was liquided too. We can't say any thing about this market.

[MCobian]

Seeing that Bitcoin is so dominate, I am increasingly optimistic that this year the target price of $ 20,000 can be achieved.
Although the price of Bitcoin is currently moderate correction of 3% is still within normal limits. So in a few hours we will
see the price of Bitcoin will return the pump. Take advantage of this Bitcoin price correction to collect Bitcoin. I also plan
to buy more Bitcoin now to increase the amount the bitcoin that I have.

[cotton ball]

Still you long your assets last three hours? how do you feel, I can't trust with bitcoin always on the top price suddenly could dump without bad information and happening today with bitcoin back lower price just few second, when reaching profit 100% or 50% sell your short and check situation how next step long or short.

[Ridwan Fauzi]

The trader just need a few minutes to change his strategy. They can minimize the risk and look for a chance to gain a lot of profit. The news still bullish, I mean I haven't saw some information which directed to make bitcoin price down.

It might the economic situation in some countries especially US country who still face an economic problem. The government tried to print a lot of money for stimulus and its citizens use the money for investing like in gold and bitcoin. Yeah, that is what I see at this time and this is why bitcoin price and gold price increasing.

[deisik]

Still you long your assets last three hours? how do you feel, I can't trust with bitcoin always on the top price suddenly could dump without bad information and happening today with bitcoin back lower price just few second, when reaching profit 100% or 50% sell your short and check situation how next step long or short

Cuz that's a typical pump and dump

As an aside, many people still seem to take such price action without a lot of critical thinking. Most of Bitcoin's value comes through speculation, and to deal with this, you can employ two general strategies. The first is to hold and pray, the second is to try to ride these regular pumps and dumps (aka a buy low sell high stratagem). But no matter what approach you stick to, always remember that a bull run always ends with a bull trap. Still better, if you carve it into your brain lest you forget this trading wisdom at a critical moment

[ashmodeus]

Still you long your assets last three hours? how do you feel, I can't trust with bitcoin always on the top price suddenly could dump without bad information and happening today with bitcoin back lower price just few second, when reaching profit 100% or 50% sell your short and check situation how next step long or short.

oh come on,did u think no retrace there for every pump ? bear still there,even without any negative news,my opinion,for now price will aiming lower,which mean its can be more worse than now. think on the downside,it need to hold on range 10400/10600,below that level i am sure it will endangers the uptrend.

[bitgolden]

It wasn't bad information, it was basically correction and those corrections basically ruin a ton of longs at the same time as well which is not something you would want since it is just small correction but when you leverage too much your margin of error gets smaller as well, you can lose all of your money with just 100 bucks down if you are leveraged a lot but remember if it goes up 100 bucks you earn a ton more as well hence why there is leverage market in existence to begin with.

Finally all of these longs knew what they were getting into, they wanted to make more money than just buying btc and hodling it, they wanted to make 5x-10x-50x even 100x more than what they normally would make and took that chance to actually risk of losing all their money so they are aware.

[RealMalatesta]

Pretty normal if we are talking about bitcoin, Price just goes pump and dump. After experiencing such dump I don't sell any of my bitcoin lower than the price when I bought it because in my experience it is just going back to the price before it goes down, It takes time sometimes like on 2018 where bitcoin upset many traders because it takes too long to recover but now it is still on the process.

Well it depends on how you trade but it is what I see on bitcoin and the longs are the ones who gave me more profit in my experience in trading bitcoin.

That is is my issue with people, I do not get why they are worried if bitcoin would drop a lot, I mean that is a good thing right? I hope it drops, hell I bought bitcoin at around 6k and 6.5k and if it drops to 3k I would be happy about it and not sad. That is literally a prime place to buy bitcoin, you could sell every single thing you own, you could sell your house, your car, your computer, hell sell your clothes if you have to and buy at 3k. Okay okay, maybe not that much .

But, you understand what I mean. When price goes down people are like "is bitcoin dead!!" and a month later you look at it and it made 3x suddenly, why are they moving in such manner? In march 15 bitcoin bottomed at 3.6k for example, that is about x3.2 increase from that to today, as you can see it is amazing investment.

[Finxflo(FXF)]

Yesterday wiped out a lot of long positions. As a trader one really loves all this volatility, and it's all across the board. A good trader could have easily 2 or 3 X'd their money in the last couple of weeks.

[Finxflo(FXF)]

Pretty normal if we are talking about bitcoin, Price just goes pump and dump. After experiencing such dump I don't sell any of my bitcoin lower than the price when I bought it because in my experience it is just going back to the price before it goes down, It takes time sometimes like on 2018 where bitcoin upset many traders because it takes too long to recover but now it is still on the process.

Well it depends on how you trade but it is what I see on bitcoin and the longs are the ones who gave me more profit in my experience in trading bitcoin.

That is is my issue with people, I do not get why they are worried if bitcoin would drop a lot, I mean that is a good thing right? I hope it drops, hell I bought bitcoin at around 6k and 6.5k and if it drops to 3k I would be happy about it and not sad. That is literally a prime place to buy bitcoin, you could sell every single thing you own, you could sell your house, your car, your computer, hell sell your clothes if you have to and buy at 3k. Okay okay, maybe not that much .

But, you understand what I mean. When price goes down people are like "is bitcoin dead!!" and a month later you look at it and it made 3x suddenly, why are they moving in such manner? In march 15 bitcoin bottomed at 3.6k for example, that is about x3.2 increase from that to today, as you can see it is amazing investment.

Exactly, One of my favorite trading strategies is to have 10 coins or tokens with great utility and development,community etc.and when one pumps or even better when one pumps and another dumps, I sell the asset tht has rissen and bought the asset that fell. Because they will both be in my long term portolio, This week I have picked up a few coins that I basically picked up at 1/3 of their price.

[Finxflo(FXF)]

Still you long your assets last three hours? how do you feel, I can't trust with bitcoin always on the top price suddenly could dump without bad information and happening today with bitcoin back lower price just few second, when reaching profit 100% or 50% sell your short and check situation how next step long or short.

oh come on,did u think no retrace there for every pump ? bear still there,even without any negative news,my opinion,for now price will aiming lower,which mean its can be more worse than now. think on the downside,it need to hold on range 10400/10600,below that level i am sure it will endangers the uptrend.

Traders get greedy lol. There are things called stop losses and take profits lol.No reason to get burnt. It like if you have unprotected sex, You cant blame the girl, you should have always used protection.