A little profit for $17k+ buyers

[ethereumhunter]

When the Bitcoin market went through $17,000, no one sat down and many invested in Bitcoin.But then Bitcoin stays directly between $20,000 and here but people have little profit.However, those who have invested within 17 thousand dollars have invested for the long term.Actually bitcoin market will go down like this no one ever imagined but still there are many people who are afraid to invest I will tell them don't be afraid to invest from instant market Invested.The market will definitely turn for the better soon.

If there are a lot of people who have invested in bitcoin and bought it when the price was at $17k, now they have made a profit, especially if they sell it now and wait for another low. But if they haven't sold it now, they can still see the value of their investment growing over time. But if the price of bitcoin drops sharply again, they won't be able to sell it because it means they are taking a loss. But they can still buy more bitcoins at that low price. Maybe if they are still able to wait for the bitcoin price to start rallying again to the highest price, they will definitely be able to get a big profit. The question is can they do it?

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[CryptocurencyKing]

This isn't bull actually. It's called a pump. Bull and price pump aren't the same thing. Pump dump is Bitcoin behavior, so doesn't necessary to be over-excited about it.

It would be out of place to term the little price surge we experienced now as  correction to the bearish market we are very much still in a bullish trend. That's so wrong as we are very much close to the $17k deep as we have it now. It's just interesting to see that, the bulls are gradually stepping in to take a stand and push the market into a more consolidating session. Which to some extent places a hold on the minds of those whom might have panicked sold with the lots of FUD that comes with the bearish market session.
Hence, you stand to make even more profit to buy at the current $22k price if only you could afford to hold and none opportunity of buying from a low has been missed. Bear market continues and we are still in the low.

[LUCKMCFLY]

It would be out of place to term the little price surge we experienced now as  correction to the bearish market we are very much still in a bullish trend. That's so wrong as we are very much close to the $17k deep as we have it now. It's just interesting to see that, the bulls are gradually stepping in to take a stand and push the market into a more consolidating session. Which to some extent places a hold on the minds of those whom might have panicked sold with the lots of FUD that comes with the bearish market session.
Hence, you stand to make even more profit to buy at the current $22k price if only you could afford to hold and none opportunity of buying from a low has been missed. Bear market continues and we are still in the low.

If we take into account a long-term analysis this can and does seem to be a fairly strong correction, but I think that reaching levels of 48-$9k is going back to an accumulation, and this should not be ruled out, for me this from the point From the point of view of Wyckoff's theory, the fact that the price is in values above $20k and can even reach $25k is when we talk about the effort that some whales make to see how the offer is, if the offer is very strong. offer is not a good time to raise the price, but to attack with a few shorts for those weak hands to sell their btc cheap, this is some of the most common strategies.

[Kelvinid]

snipped...

If we take into account a long-term analysis this can and does seem to be a fairly strong correction, but I think that reaching levels of 48-$9k is going back to an accumulation, and this should not be ruled out, for me this from the point From the point of view of Wyckoff's theory, the fact that the price is in values above $20k and can even reach $25k is when we talk about the effort that some whales make to see how the offer is, if the offer is very strong. offer is not a good time to raise the price, but to attack with a few shorts for those weak hands to sell their btc cheap, this is some of the most common strategies.

Buying Low and Selling High is the most effective trading strategy.
Like the price presented by OP, selling it today is already a huge profit to think, having a $5000 increase I was already happy with that. And besides, it was not too long that waited for the price pumps, imagine this be going to happen monthly, the results are really profitable. But yes, we need to be wise and it is more on a strategic approach, especially in this volatile market.

[|MINER|]

~snip~

I also have the same opinion, I think bitcoin will not go into a bull-run right now.  Yes, it has been noticed that the price of bitcoin has risen a bit, but the market condition is still not so good. I think this pump has a similar view from short term, resistance levels to major market analysis.However, according to many major market analysts, the market condition is likely to recover in early 2023.

[Mpamaegbu]

for me i am seeing a fake bull what are you seeing

Well, it wouldn't be; looking at it now from hindsight that it wasn't a bull trap as price has risen above that level. By the way, buying at that level won't be a bad place even if it turns out to be a fake move. Bitcoin has given everyone enough discount if we what to consider that price once went past $64,000 and now trading below $25k. It's something to console anyone who buys now and price dips. We should quickly remember that there were investors who bought when price touched ATH last year.

[Zilon]

Well, it wouldn't be; looking at it now from hindsight that it wasn't a bull trap as price has risen above that level. By the way, buying at that level won't be a bad place even if it turns out to be a fake move. Bitcoin has given everyone enough discount if we what to consider that price once went past $64,000 and now trading below $25k. It's something to console anyone who buys now and price dips. We should quickly remember that there were investors who bought when price touched ATH last year.

It actually something to console traders at least for price  to have stayed below $25k for more than 3weeks is a signal for any possible direction from the market right now it is a strong contention between bulls and bears who will take over the trend. I think to avoid losing either ways DCA can be very useful at the moment

[salad daging]

Well, it wouldn't be; looking at it now from hindsight that it wasn't a bull trap as price has risen above that level. By the way, buying at that level won't be a bad place even if it turns out to be a fake move. Bitcoin has given everyone enough discount if we what to consider that price once went past $64,000 and now trading below $25k. It's something to console anyone who buys now and price dips. We should quickly remember that there were investors who bought when price touched ATH last year.

It actually something to console traders at least for price  to have stayed below $25k for more than 3weeks is a signal for any possible direction from the market right now it is a strong contention between bulls and bears who will take over the trend. I think to avoid losing either ways DCA can be very useful at the moment

Should be happy because the price is still under $25k and this is not strong when you want to touch it but consolation with the word discount on the price of bitcoin then traders should be able to buy a lot because they know this is the lowest price that is still getting at this time.
As for the clash between bulls and bears I don't think it will be a trend diversion at the moment just stuck from the $22k figure which should be used as a good opportunity.
Yeah DCA is a good way to do now however it is to increase our purchases with DCA.

[AakZaki]

Buying Low and Selling High is the most effective trading strategy.
Like the price presented by OP, selling it today is already a huge profit to think, having a $5000 increase I was already happy with that. And besides, it was not too long that waited for the price pumps, imagine this be going to happen monthly, the results are really profitable. But yes, we need to be wise and it is more on a strategic approach, especially in this volatile market.

Buying low sell high is a strategy that will be carried out by all traders. but is it that easy to implement? of course not. when the market continues to fluctuate as it is today, sometimes there is a feeling of dissatisfaction and wanting to get a bigger profit so they don't take the take profit action that should have been done. Emotions will also be played when the market starts to fall or the market returns to bullish. risk ratio management, money management will determine on each trade.

[yhiaali3]

Most likely this is just a bull trap, Bitcoin can't hold out long in the current rally, the market is swinging and there is not enough liquidity to support this rally, it is better to invest in the long term because the current areas are good buying areas for Bitcoin in the long term, I think maybe it will be after the next halving About two years from now.

[stomachgrowls]

Most likely this is just a bull trap, Bitcoin can't hold out long in the current rally, the market is swinging and there is not enough liquidity to support this rally, it is better to invest in the long term because the current areas are good buying areas for Bitcoin in the long term, I think maybe it will be after the next halving About two years from now.

I cant say its a bull trap because it was never been a significant move but rather its just a typical or normal day price increase on few percentages which is something that very common and i dont know on

why most people do see it as a sign of bull run or start on changing up a trend without even thinking about the probabilities that it doesnt really work on that way.Expect the unexpected yet this market

is been unpredictable since from the start which does simply means that every movement whether it would push through or would really be just having that wavy type of behavior.

[Sanitough]

Now the price of bitcoin has reached $ 24k and those who buy at $ 17k can get a profit of more than 40%, of course, this is a large profit, I bought the cheapest bitcoin at the price of $ 20560 and have received a profit of more than 15%, unfortunately, I only bought with a small amount of only $ 1200.

Bitcoin's volatility is top high nowadays. Some people even listened to FUD. But no matter how big or small the profits that we gained from Bitcoin's volatility, profit is still a profit and it's something that we should be grateful for. As long as we bought at a low price and sell it during a good recovery price, I guess that's still the right decision. I bought BTC at $20K and still holding it until I reach a good value. We all have different goals.

No one’s losing in bitcoin as long as long as you never sell at a loss. Whether you sell it earlier because you see profits already, I think that’s your own strategy wherein you are comfortable using. While others just prefer buying and hodling, it’s not also a bad idea to sell sometimes when you see profits and just buy back again as soon as the price drops more. Atleast, you are consistently making small profits the whole time.

[_BlackStar]

No one’s losing in bitcoin as long as long as you never sell at a loss. Whether you sell it earlier because you see profits already, I think that’s your own strategy wherein you are comfortable using. While others just prefer buying and hodling, it’s not also a bad idea to sell sometimes when you see profits and just buy back again as soon as the price drops more. Atleast, you are consistently making small profits the whole time.

That's right, not selling on a downturn equals you no loss because you still own the asset, but if the price goes down then I think you just lost the forecast but didn't lose the asset.

This is my mindset so far, ignore more corrections to sell but consider price corrections/ dump as reasons why we should buy. Bitcoin dropped to $17.7K a while back, but slowly and surely now the price is continuing to rise until it reaches $24K. That's the potential that's always there with bitcoin, let the price drop but maximize the opportunity to capitalize on the decline to make a profit by buying more for whatever you can afford to lose.

[Captain Corporate]

That has been me for a long time. Just because the price went down doesn't mean that I have to sell, I just end up waiting longer and longer just to profit. Price going down doesn't mean that I should sell, it only means that I could buy more and drop the avarage down and I could buy some more, and when the price goes up, I would be in profit on my initial purchase price. If you bought at 50k, and then at 20k, then your avarage is 35k, so when you are at 50k again, you will be in big profit. As long as people realize this, that means its going to be great for the price to go down, and you end up buying more.

[bhooscream]

The price is still going up and down. I believe that many people buying Bitcoin at $7 are long-term holders. They may be still holding the Bitcoin and keep them for the long term period, at least preparing for the next bullish era with a higher target of previous ATH.
But, if those are short term investors, the previous prices of $24k may be enough to take profits. This will be interesting to see up and down market currently, moreover there are some FUD again recently s that made the price of Bitcoin dropped again yesterday. Btw, we see how the market situation right now and we are usual with this situation.
Mkaing profits during this bear market is still possible although this may be not as effective as in thebullish era.
Taking profits in certain rate after buying in lower price may be worthy for those whoa re day traders or even short term investors with much money. But for me,I prefer to hold them for long term investment.

[Silberman]

That has been me for a long time. Just because the price went down doesn't mean that I have to sell, I just end up waiting longer and longer just to profit. Price going down doesn't mean that I should sell, it only means that I could buy more and drop the avarage down and I could buy some more, and when the price goes up, I would be in profit on my initial purchase price. If you bought at 50k, and then at 20k, then your avarage is 35k, so when you are at 50k again, you will be in big profit. As long as people realize this, that means its going to be great for the price to go down, and you end up buying more.

This is something so simple and yet so effective that I do not see why most people do not get it as it is something that they do all the time, for example if you saw a smartphone that you liked and it had a cost of 500 dollars and then just a few weeks later you saw it at 250 dollars you will buy it without even thinking about it, why is that the same happens with bitcoin and yet people do not have the same behavior and instead they decide to sell for a bad price?

[pawanjain]

Currently bitcoin is trading around $24k which is a good price jump from $18k. I think bitcoin will continue to increase  in price for few weeks before a correction takes place.
A correction will definitely happen because it's been more than 5 weeks that bitcoin is increasing in price every week.
So a red weekly candle is about to happen where we will see bitcoin fall back to $22k levels as per my analysis.
After than we may see bitcoin go back to the $30k level if the bulls are strong.

[kesmex]

Bitcoin price has broken out of the $22k resistance, and now the sentiment is really bullish,
in my opinion those who have bought at $18k don't sell yet, Hold until the maximum target at $30k is reached,
if the breakout of $30k it will go to $50k !

[tvplus006]

...for me i am seeing a fake bull what are you seeing

Now we already know for sure that you were mistaken when you said that a market reversal would follow. And now, when bitcoin is trading at a price of 24500, most traders see a further growth of BTC to the level of 28-30 thousand dollars.

[AicecreaME]

It could be a bull trap, or not, but it's more like a bull trap for me since it's not that long since the fluctuations happened when it hit $17,000 and now in $23,000. But if you bought 1 Bitcoin at $17,000, a $6,000 profit is a very good one, however, if you want to hold until it hits $50,000 or $60,000 it's much better and worth the time or waiting.