Are you on guard for any unexpected?

[GreatArkansas]

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

Are you on guard for any unexpected?

If you are trading at these current price levels. You must always be on guard because volatility is high, expect a  lot of candlestick wicks, green or red.
Also, be careful of setting your stop losses because it could be just hunted. Just don't forget to use stop losses, it is really important to be on guard and it will help you to protect your funds.

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[Strongkored]

Are you on guard for any unexpected?

Don't you, as a trader, always have to be alert to all unexpected possibilities?
In all circumstances, traders must be aware of unexpected circumstances occurring so that they will not be surprised by these events.
Being bullish does not mean it will always be bullish and traders will make a profit as well as when they are bearish because almost no one can know exactly when the bullish period ends and begins to enter the bearish period and vice versa. Rising prices need to be alert when a decline occurs.

[Awaklara]

Are you on guard for any unexpected?

for those holding Bitcoin for the long term, such a situation will not affect holders. This is a daily movement which will of course affect daily traders, usually they use some planning in their trading. because the analysis carried out may not be in accordance with the trader's position. it can make a loss but that's the risk. The market can take a surprise at any time, and every trader must be well prepared.

In the past I often lost because of market momentum like that. So right now I'm more comfortable with holding Bitcoin than day trading. maybe I'm not very talented in trading.

[Learn Bitcoin]

For stop loss well that's right, every trader is very obliged to have it and in my opinion it has become a very necessary thing and cannot be separated from our best planning regarding limits. It is very clear that stop loss has a very important role because in addition to good self-control and strong mentality they also have to apply some actions to help prevent the things they experience from being too significant, for example, like this stop loss. If they do not apply this important point at all to each trade then it will be very likely that they will experience large losses and even experience MC, as well as stop loss in fact take profit is also needed because there is absolutely no greed in trading, and take profit will help them to place some daily or monthly targets. Both are very important.

Sometimes, whale traders wait until they bounce back. But that is too risky. A person needs a lot of bankroll/balance to cover such dips. If they can survive the worst time, they know it's not a loss until they close the position. Unrealized losses are not the loss if they do not close the position. But, sometimes, ordinary traders wait without setting a stop loss and get busted.

Sometimes, these risks pay off as well. But as I said, these are for whale traders. Ordinary traders should not take such risks, which may liquidate their entire balance.

[gunhell16]

As an individual trader, you should expect things that you don't really expect; that's why the market is unpredictable. If I look at the image posted by OP, we can see that the candlestick formed the letter "W." It should have been there before it had a spike in price. You immediately had the idea that it would go up or down in the formation that it could go to.

Now, regarding your question about the month of October, I think that this will be the month that will have positive things happen in the market. In my opinion, this September is really just stagnant, based on most of what happened in its price movement on the chart, if you notice. But of course, this is my opinion so far.

[Dickiy]

Are you on guard for any unexpected?

for those holding Bitcoin for the long term, such a situation will not affect holders. This is a daily movement which will of course affect daily traders, usually they use some planning in their trading. because the analysis carried out may not be in accordance with the trader's position. it can make a loss but that's the risk. The market can take a surprise at any time, and every trader must be well prepared.

In the past I often lost because of market momentum like that. So right now I'm more comfortable with holding Bitcoin than day trading. maybe I'm not very talented in trading.

Yes, I agree with you, of course for bitcoin holders with a long term or for those who always use fundamental planning or strategy, something like this will not fully affect, because of course bitcoin will recover in the next few years for example. And true, this fully applies to those day traders who always do short-term technical analysis, and of course it will be very influential, the market is very volatile and there will always be surprises. So yes, they must be really careful and prepare whatever it is to minimize losses so as not to be too big.

Every trader has their own way of investing, they will tend to every plan that can make them comfortable, in these two cases I think holding bitcoin with a long term is safer but also with good planning, rather than day traders who really have to prepare a strong mentality.

[sulendra12]

As a normal human being, I always caught off guard with any unexpected news because of my real life stuff or just it's not something that I'd expect with how things usually ends.
Not everyone can expect something unpredictable, even if you do prepare for those. That unexpected event would come at the wrong time and not everyone can predict what would happen even the professional one.

for those holding Bitcoin for the long term, such a situation will not affect holders.

That's pretty much for other type of traders, long-term would probably remain unaffected by this case unless they overthink the stuff where you shouldn't really do that.

[Lida93]

for those holding Bitcoin for the long term, such a situation will not affect holders.

That's pretty much for other type of traders, long-term would probably remain unaffected by this case unless they overthink the stuff where you shouldn't really do that.

Someone made a comment that this op post can cause FUD among bitcoin holders and I wondered how after reading that statement but couldn't uncover it not until now  reading your comment @sulendra12  where you mentioned overthinking by some long-term holders and I nodded my head in agreement.

But it's unnecessary that a long term holder should have a FUD about bitcoin except they haven't yet gotten a strong knowledge of the cryptocurrency they are holding for it's not some altcoins. And more interestingly in the op the focus was on day traders and scalpers to be on guard,

as about the time the op was made bitcoin price was at $26,800 and by evening same day price fell to $26,111 any day  trader or scalpers that didn't see this coming will likely make a loss within this short price move but for long-term holders.

[doomloop]

For those people who hold bitcoins, this means nothing at all. This is a minor price change. People are waiting for a significant leap upward. And such changes have happened more than once over the past couple of years. Bitcoin may fall by 2-3 thousand. I don’t think anyone except scalpers cares much about this

There are more scalpers and short-term traders in the market than holders in my opinion, so this was most probably a great opportunity for a bigger part of the whole market and a lot of them must have missed it since it was sudden, or maybe those who are good with charts and technical analysis might have had an idea that this will happen and I wonder how much profit futures traders must have earned from this if they were longing Bitcoin just before it.

It will be interesting to see some stats and figures about how much profit traders got and how much money was liquidated just because of this. I'm pretty sure that a lot of traders must have been expecting the market to go down but it must have surprised them by this sudden drop in the price.

[Aanuoluwatofunmi]

Have you ever been caught off guard in life generally? Relative to bitcoin I have learnt many things about the market totally taking an opposite directional move from our wide expectations.
Source:. https://www.binance.com/


Just today from the charts BTC has been pushing up in a big green high momentum candle in the past hours of today and this many are excited about the price.

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

Are you on guard for any unexpected?

There's nothing coming as unexpected to us when the market is planning to surge, this has always been the normal expectations of every average bitcoiner or traders to see the market rising, there are ways that we could go by in making ourselves at the best positionings for this, when we make an investment and hold with the target that bitcoin market will rise and things will change for good, what causes commotion is when the market dumps and investors have a prolonged dip in such situations, this coming month may be the opening for more high than low in the cryptocurrency market because when bitcoin rises, other currencies also follows.

[blockman]

I can say that I am well prepared for any situation. Whether there's a sudden long dip or there could be a longer pump. That's fine, we've been tested on this market and it's harder to push our desires against the market. That's the reason we don't need to be pushy but to be adaptable to any market situation that we are in. The plan is to seek for the long term run of Bitcoin and that's what we're going to do. If you are not up for it then you'll be one of those people who are going to sell at panic and you're going to regret that in the future. We all have been through that situation and we didn't like that decision when we've seen the price of bitcoin goes up for the next few months and years to come.

[Distinctin]

Have you ever been caught off guard in life generally? Relative to bitcoin I have learnt many things about the market totally taking an opposite directional move from our wide expectations.
Source:. https://www.binance.com/


Just today from the charts BTC has been pushing up in a big green high momentum candle in the past hours of today and this many are excited about the price.

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

Are you on guard for any unexpected?

If your mindset works like that, then you will always fall into frustration of not making your expectations meet. For me, if you know how bitcoin secretly moves, and as long as it remains to be volatile, then assume that everything is possible to happen in just a blink of an eye. Do not be too carried away of its present price because it can be deceiving at some point, but consider how the market moves and how it can be easily affected by different factors which make it easily to shift its price any time.

[justdimin]

The extra money you have saves you from a drastic drop in Bitcoin.
You bought Bitcoin when the price was $30k-31k and that was a pretty high price in mid-May.

But at least you have made another gradual purchase or DCA strategy at a lower price, almost half of the first purchase at $17k and you did it gradually.

This will accumulate the Bitcoin that you have so that the average purchase will be slightly lower and you can get a profit even though it does not reach the price of $ 30k and above.

Bitcoin is still safe for the long term and you really need to have a plan.
We will still reach ATH in the coming years.

Kind of these type DCA is important but not right now, we have already reached the bottom, at this point I assume that it will not go under 25k and that should be the important thing. I believe that we are going to be something that would be careful and should be very big deal. I get that it is going to be something that would be good enough that it is going to be a bit of a deal when you need to handle, but that could definitely be something that we could care about on the long term.

I guess we could just accumulate right now and get it with all our money now, because DCA would not happen, we are not going to see it go lower, so getting it all at under 30k would be a smart move. That is definitely suspect to change though, I could be wrong, it could go down more.

[AnonBitCoiner]

I guess we could just accumulate right now and get it with all our money now, because DCA would not happen, we are not going to see it go lower, so getting it all at under 30k would be a smart move. That is definitely suspect to change though, I could be wrong, it could go down more.

This is called over confidence and whales waiting for this stage to  down the market further and start buying from the stage when no one have left fund for buying. DCA is best option, buying all at once is not good idea. months ago when btc was trading above 30k some trader was saying same that btc already down and no further dip will be happened and now you can see how btc again down to  to 25k.

The chances of rising btc above 35k is very high but i think we may see one or two dips before bull market and btc could drop below 20k so if we do DCA then our average btc buying price will be more better

[Mauser]

But what if, we are caught off guard by the market at this snapshot point with another unexpected long dip again whereas we're expecting a little more pump in October?

Are you on guard for any unexpected?

I have been caught many times in past by the unexpected. Especially during my times of futures trading back in university I was on the wrong end of price jumps a few times. Since then I kind of got used to unexpected movements, we can't predict everything and there will always be a unknown variable. Speed is definitely one important factor that can help us to avoid large losses. It's better to take a known small loss than face a large unknown loss. That's why stop loss orders are so important to help protect us from sudden price drops. All of us that have a full time job and can't observe the market 24/7 are at risk to be surprised and need to prepare beforehand. If prices are rallying it's a different picture, do we want to follow the herd when prices are already up 20%? I would rather stick to my DCA method and buy a fixed amount each month.

[Rupok]

It is normal to see such trends in the market towards the end of the year.  Although this is not the first time the market has behaved like this, I don't think the holders will think about it at all. We have noticed some hype coming at the end of the year, it is normal for Bitcoin to have such hype. There is no need to wait for a while and get excited by seeing a green candle, It is not possible to see a bullish market until the coming year 2024. During trading only those who are more volatile about the price face losses, so be patient as patience can help you avoid big losses.