sell now or you WILL regret it

[matchi2011]

Thanks for the warning, OP.
I'm selling in a inverted DCA strategy, and your post convinced me to sell double this week.

What is your target for buying back?

I don't think it will go lower than $10 k now so $10200 is the best price to buy back congratulations to your profit, the dumping is more like a domino effect, once they saw a dip people are ready to sell for profit because this is the signal that they are waiting to happen and now people like you are looking for the floor so you can buy again for future profit, it's a strategy that always works.

Experienced investors are now chasing the dip and start picking those coins.  It's tough riding with this people as they have
enough money to play around.

Buy when you are ready and use the money that you are willing to let go, lots of possibilities that may take place next week.

[philipma1957]

I am a multi millionaire with no agenda.
The market will prove it to you.
Keep buying the dip. I'll be praying for you

bullshit. all multi millionaires have agenda.

[maydna]

Thanks for the warning, OP.
I'm selling in a inverted DCA strategy, and your post convinced me to sell double this week.

What is your target for buying back?

I don't think it will go lower than $10 k now so $10200 is the best price to buy back congratulations to your profit, the dumping is more like a domino effect, once they saw a dip people are ready to sell for profit because this is the signal that they are waiting to happen and now people like you are looking for the floor so you can buy again for future profit, it's a strategy that always works.

But the price is still going down, and now the price reaches $10,100. Besides that, the candle still shows the red candle, so I think we need to be careful if we want to enter the market. No one knows when the price will bounce up to the high price, but it seems, bitcoin needs more time to increase. I hope that the price will not go down to $9k level because that can makes people panic, and they will not think twice about selling their bitcoin. We still have time to wait for the increases in the next week, so hopefully, this correction will stop on this day, and tomorrow, the price will start to increase again.

[Botnake]

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

You are right, hopefully some took profit already as bitcoin was even below $10,000 for awhile, now trading at $10,300, so it looks like it's going on a healthy movement again until bitcoin will probably break $12,000 and that is the time to sell again. The good thing with bitcoin is you will see a lot of action as it's very volatile, one day it's up and the other day it's down, so as long as you pay attention, you'll definitely find every opportunity to accumulate and sell at the proper timing.

And by the way, how is it "she"? Bitcoin is not a person, should be "it".

[ultrloa]

Thanks for the warning, OP.
I'm selling in a inverted DCA strategy, and your post convinced me to sell double this week.

What is your target for buying back?

I don't think it will go lower than $10 k now so $10200 is the best price to buy back congratulations to your profit, the dumping is more like a domino effect, once they saw a dip people are ready to sell for profit because this is the signal that they are waiting to happen and now people like you are looking for the floor so you can buy again for future profit, it's a strategy that always works.

But the price is still going down, and now the price reaches $10,100. Besides that, the candle still shows the red candle, so I think we need to be careful if we want to enter the market. No one knows when the price will bounce up to the high price, but it seems, bitcoin needs more time to increase. I hope that the price will not go down to $9k level because that can makes people panic, and they will not think twice about selling their bitcoin. We still have time to wait for the increases in the next week, so hopefully, this correction will stop on this day, and tomorrow, the price will start to increase again.

Thinking for more good possibilities but there's a little doubt in my mind that we will pump up quickly so maybe I will just monitor the market for a while to see some constant changes since my god feel right now is we might gonna see some $9k figure at this point but let see if the market will go to that shit and I think that level is good to enter to save for a pump.

[maydna]

~snip~

Thinking for more good possibilities but there's a little doubt in my mind that we will pump up quickly so maybe I will just monitor the market for a while to see some constant changes since my god feel right now is we might gonna see some $9k figure at this point but let see if the market will go to that shit and I think that level is good to enter to save for a pump.

The bitcoin price finally reaches $9k level, but the price bounces up again to the $10k level. And now, the price is trying to go up by touching $10,200 and it still trying to increase more. Although the red candle still appears on the market, I am sure the bitcoin price will have the chance to break the high price.

It seems bitcoin price will have a difficult time to break the high price this week, but we know that bitcoin is strong and it will be back to the high price again.

I haven't sold it yet, even though I had a big loss, I'm sure the market will recover, and Bitcoin will also be back above $ 11000 again,
we are still entering bullish season, so I'm not worried about dumps

No problem if you are not selling bitcoin yet because it is another correction, and it always happens many times in the bitcoin journey. We will see another bullish season soon, and make sure that you are ready to sell at the high price. Perhaps, we will see the new ATH after the last ATH was broken in a few weeks ago.

[kotajikikox]

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

Ohh my bad that i missed this so i did not sold my Coins but it's OK mate because what i did is bought again when the price drops at $10,050 yesterday and i am ok with that.

Instead of selling what i dd is buying and it compliments me to help not putting the market down while others are panicking to release their holdings.
the market has not been in Bear so whats the point of selling?

[Reatim]

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

Thanks for this but i am looking for Below $8000 price is this also possible?i will be very sad if not 

Even below 11k or above whats the difference if we cannot make it through above $13,000?


As i speak it is $10,800 and i am feeling positive now,are we falling to below 10k now?

There is a lot of news now maybe this is the effect lol.

It seems to me that in any case, there is no need to expect a decline in prices. I believe the big whales are not only worried about their earnings, but they will be very confident in protecting their assets. And this means that Bitcoin in any case will have support from investors, attracting more and more investments in order to prevent the depreciation of Bitcoin, if, of course, some situation occurs in the market. Therefore, Bitcoin will have very good results in the market anyway.

But whales are the players,they are the one who is responsible in shaking the market prices mate.
This is what i believe is true,Imagine how much Bitcoin they have in hand?
it is easy for them to Join together and make single decision to bring the market down and also they can make it up.
though this is not proven but this is the scenario that comes to my mind talking about whales.
 Anyway what happens now is that Bitcoin has a strong support at $10k level meaning we are only waiting for spike to make it up again.

[bearexin]

Aren't we overreacting a bit? I mean sure bitcoin might have gone down a bit but we are talking about 10% weekly loss, that is really nothing at all, do you really believe that 10% drop in a week is something major? Something to be afraid of? Something that speaks about the future of crypto in general? I do not think that 10% means anything special, it really doesn't mean anything at all, it is just a regular movement of bitcoin and it really happens time to time so there is really nothing to make a big deal about.

I fear that price movements will not make a big deal in the future but these type of people might. There are so many people yelling fire that I am pretty sure eventually people will think there is fire and sell, when they sell it could actually cause the real fire.

[wxa7115]

What happened to the price of the bitcoin are only telling us that using stop loss are really important, I sold my bitcoin yesterday when it gives me a sign of weakness wherein the price reached my invalidation level. Right now there is a huge red candle appear that telling to stay away first because it is a strong candle telling that the price can go down more. I already have a plan wherein I want to get some bitcoin when the price will bounce at 61.8% fibonacci level because for me it is a strong support.

This current crash should teach many more lessons to those that currently are learning just to trade, the lesson about the stop loss is important but there are even more, as an example this should teach newbies or even experimented traders to not use leverage, to anyone not using leverage the drop we saw was important but anyone using even something as minimum as 2x leverage and no stop loss has probably incurred massive losses, and that is assuming they invested in bitcoin because if they did it in other coins they could have lost all their capital.


Another lesson to learn from this is to avoid FOMO and hype because anyone that invested in a dubious DeFi project probably lost a lot of money because of it.

[Stedsm]

Good thing:
BTC closed its weekly above $10k.
Traders are still optimistic that bulls are in control and can keep the price under control as well.

Bad thing:
BTC has broken down an important support and is below the key level of $11500 which has once again put BTC under the risk of crashing down under $9500, $8700 and last, but not the least, $7800.

The pressure is too much by the shorts and we can only expect some magic to happen in order for the bulls to liquidate the shorts, but there's too much FUD in the markets about the recent raid that happened at Bithumb.

[LUCKMCFLY]

Do not get carried away by emotions, it is not known if the price falls further, it may be gaining strength to implode in a good streak of bullish trend, sometimes I think that the same whales call to sell to eliminate the offer and they make of more bitcoin and keep buying cheap taking advantage of fear or unfounded fear.

[stomachgrowls]

Good thing:
BTC closed its weekly above $10k.
Traders are still optimistic that bulls are in control and can keep the price under control as well.

Bad thing:
BTC has broken down an important support and is below the key level of $11500 which has once again put BTC under the risk of crashing down under $9500, $8700 and last, but not the least, $7800.

The pressure is too much by the shorts and we can only expect some magic to happen in order for the bulls to liquidate the shorts, but there's too much FUD in the markets about the recent raid that happened at Bithumb.

We dont need magic actually yet market can recover on its own without knowing the precise reason behind it even though we do see lots of fundamentals floating around.

Price had touched 5 digit below price but it do bounce back to go in 10k level.As far as i remember it did plunge on 9945 and now we are currently playing on 10,150 - 10200.

I have some feeling that we are already moving sideways this time or it would take a while for having some another great leap or breaking off some resistances specially on 11k and 12k.

This might happen on Q4 of 2020 or Q1 in 2021. No one really knows on whats next.

[Stedsm]

Price had touched 5 digit below price but it do bounce back to go in 10k level.As far as i remember it did plunge on 9945 and now we are currently playing on 10,150 - 10200.

Least was 9825 and today it was 9875 so if we take a break even point of these two which will be 9850, it looks crucial to me and if this breaks down, the double bottom pattern will fade and this will go below 9k and probably reach 8700 in order to create a new lower low for this week/month.

I have some feeling that we are already moving sideways this time or it would take a while for having some another great leap or breaking off some resistances specially on 11k and 12k.

This might happen on Q4 of 2020 or Q1 in 2021. No one really knows on whats next.

I saw a chart today by someone and it truly amazed me. The way that person defined the chart was so exceptional that I couldn't resist myself from believing him that BTC is yet to get down more before it gets above $12k again. He showed me the CME gap and told me that this gap needs to be filled for which BTC should crack the 9650 level down.

[DoublerHunter]

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

^ HODL, as long as you can. No matter how the price goes far if you have the desired profit to take and then, take it.
But I suggest to HODL for a long time if you really want to see a good profit. Bitcoin holding for how many years will always give potential profit even if you are holding this at the same time you are just like investing itself. However, the market is still good even there is a small correction and possibly after this, there will be a massive bounce-back that make the price bullish.

[STT]

Heres your bounce scenario, its above the 2 day average which is good positive short term momentum but I think further out we need to be watching 10475 for a pivot to positive or negative action.  Theres other considerations but this lower price action as a range, probably we need establish that price as the low now to confirm we have ended this pullback and not just paused.
   Now that I remember 10500 was the prior ceiling in July and previous and so it again registering as still important now is fair and typically 10,000 with all the zeros is neat but not as important as an area like this.   I would still guess we need to trade further downwards or confirm it better but its not profitable to ignore actual price action rather then projections and hopeful guesses.

[carlisle1]

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

You are great in prediction because just hours after posting this Bitcoin drops down to $10k level and i am late reading this lol,i have at least sold my Bitcoin at $11,300 to buy at $10,100 after two days.
Sometimes there are some thread that sounds like FUD but becomes truth after .

This is something that usually happens, take a look at the past few years. bitcoin price dropped drastically but after bouncing, it will occupy the highest peak. If you understand that, you will definitely think about not leaving bitcoin by selling all the assets that you currently have.

actually the best example is what had happened last 1st quarter when in March bitcoin fell the lowest price for how many years in just 24 hours cycle.
things that we never ever felt could happen but it does.
and after some months then become this high again staying in 5 digits value.

[LogitechMouse]

I've seen many optimistic people here in the forum already. I want to see users like you that are very pessimistic as of this moment .
You are helping us to prevent from losing money so you are saying to us to sell it??

I don't care about what you are saying right now. I don't care though even the price will go down further and that is better than buying it at the top . Speak all you want, I will not feel any regret and I will not sell. I'll feel more regret if I sell all of my holdings right now.

[plvbob0070]

I will not feel any regret and I will not sell. I'll feel more regret if I sell all of my holdings right now.

I also feel the same way because it still has a chance to recover and that's why I prefer to hold it than to sell it. I have never thought of selling my holdings because I have faith in the cryptocurrency that I'm currently holding. Besides, it still has a chance to recover even if the price is falling since the market has always been like that. I think op is just trying to give advice (though I just read this thread now and it's already at the 10,131$) but I don't wanna get swayed because as long as I can handle how the market is moving, then I will just keep holding.

[Oceat]

It's not bad to sell some when you know you bought some during the bearish market but it's bad to sell when you know you are at loss. This is the only regret that you guys don't want to happen so think it thoroughly if you really have to sell now because AFAIK the bull run is just around the corner. Maybe it would happen this end of the year or maybe next year, who knows?