Is now a good time to sell or buy bitcoin?

[Minor Miner]

Not only you, I am also an optimistic person about the increase in bitcoin prices in October. I checked the history and I could expect an increase, but also not really expect much more. To avoid disappointment, I will not aim for a high price to reach, nor do I want to sell it now. Whatever the market conditions, having cash as capital is recommended. Accumulating is certainly good for building a portfolio, but having cash can help us buy up bitcoin when the market panics.

From what I see almost no one on the forum is pessimistic and most people are optimistic based on history showing that October is always a good month for bitcoin. I am like everyone else, I hope the market will pick up this month because the market has been very gloomy since the halving until now and that is not a short period of time. I hope our patience and waiting will be rewarded. But I also won't be too disappointed if things don't turn out as expected because after all, we have no guarantees and there is no better option than to hope the market gets better.

[justdimin]

Not only you, I am also an optimistic person about the increase in bitcoin prices in October. I checked the history and I could expect an increase, but also not really expect much more. To avoid disappointment, I will not aim for a high price to reach, nor do I want to sell it now. Whatever the market conditions, having cash as capital is recommended. Accumulating is certainly good for building a portfolio, but having cash can help us buy up bitcoin when the market panics.

You look like you are about to be right. The start of the month looked like we are not looking that great, but right now things are looking a bit better, and I believe we are going to have a good return soon enough as well. This isn't really that complicated, we should be considering this as something good because price recovered already anyways and we are at above 63k at this point.

We should consider how we can approach October for traders perspective along with investors as well, trader cold make a lot of money by leveraging if they want to, or just keep trading buy and sell, it will be a bull period if you ask me. However, for investor, one month won't mean much, even if it becomes a bear month, it's the same result as a full on bull month, keep holding it. This is why we should keep buying more and hold if we are investors, but if you say you are a trader then trying to make some profits from this current situation by constantly day trading would be fine.

[LUCKMCFLY]

What the market is afraid of is not war, but our economy going into recession but that is not going to happen anymore, so I think the market will still grow regardless of what happens in the Middle East.

Yes, eventually things are like that, I personally have always said that when it comes to money that is where many interests come in, because nobody likes to be bad in monetary terms, everyone wants to keep their money and wants to be good or increase it, that is why everything becomes so tense, basically nobody wants to lose money and when they see events of this category, possible wars or a big fundamental, they panic and take out their money making the price go down.

[LUCKMCFLY]

The calm state of the global situation should be able to bring us to fly further in this October, at the end of September we were so optimistic that bitcon headed to the $ 60k price level again, but was hit at the beginning of October with several events that could not be predicted, I am one of the people who are optimistic about October will make bitcoin increase, it's just that I also always realize people don't expect too much because there might be something that happens that can shake the market, so you can't do all in in one moment, you must always provide cash to anticipate it, or continue the DCA that is often recommended.


From this point of view, we should be bullish, but there is a possibility of forming a narrowed triangle angle.

Very good analysis, I hope it happens, things are going very well, I have seen many analyses where they say that bitcoin can possibly reach $70k and that can make a difference, I am very optimistic, of course the possibilities of it going down in price are there, but judging by how the candles look with good volume it means that trading is very good and it can be seen that there is a great interest, now we must be alert for the first 5 days of November, especially in the US elections, we must see how things are going to develop.

[Akbarkoe]

The calm state of the global situation should be able to bring us to fly further in this October, at the end of September we were so optimistic that bitcon headed to the $ 60k price level again, but was hit at the beginning of October with several events that could not be predicted, I am one of the people who are optimistic about October will make bitcoin increase, it's just that I also always realize people don't expect too much because there might be something that happens that can shake the market, so you can't do all in in one moment, you must always provide cash to anticipate it, or continue the DCA that is often recommended.


From this point of view, we should be bullish, but there is a possibility of forming a narrowed triangle angle.

Very good analysis, I hope it happens, things are going very well, I have seen many analyses where they say that bitcoin can possibly reach $70k and that can make a difference, I am very optimistic, of course the possibilities of it going down in price are there, but judging by how the candles look with good volume it means that trading is very good and it can be seen that there is a great interest, now we must be alert for the first 5 days of November, especially in the US elections, we must see how things are going to develop.

Yes, I am still optimistic about Bitcoin this October, although the resistance and market sentiments are very large, one of which is like what you mentioned, namely the US election and also the conflict that exists in the Middle East, and that is the burden of my thoughts for a few weeks, Because if there is a very severe escalation that involves allied countries will make a messy economic, and the wheel of the global economy will be hampered again if it happens and Bitcoin may be ruled out in advance of the world's attention because there is something more important they need to do with global tension.

[LUCKMCFLY]

Not only you, I am also an optimistic person about the increase in bitcoin prices in October. I checked the history and I could expect an increase, but also not really expect much more. To avoid disappointment, I will not aim for a high price to reach, nor do I want to sell it now. Whatever the market conditions, having cash as capital is recommended. Accumulating is certainly good for building a portfolio, but having cash can help us buy up bitcoin when the market panics.

Our economic conditions are very different in general, some can buy as much btc as they can, others cannot, they can buy little, but that is what makes the difference, it could be said that when we are looking for or waiting for good results we cannot force the market to do what we want because we will end up losing ourselves, that is in the case of speculating and expecting result s, we cannot do it like that because it would be very bad for our particular economy, however when we are waiting for the best moves we must be patient and always generate the best possible way to win, right now it is to wait , I think it is the safest thing.

[Tmoonz]

Not only you, I am also an optimistic person about the increase in bitcoin prices in October. I checked the history and I could expect an increase, but also not really expect much more. To avoid disappointment, I will not aim for a high price to reach, nor do I want to sell it now. Whatever the market conditions, having cash as capital is recommended. Accumulating is certainly good for building a portfolio, but having cash can help us buy up bitcoin when the market panics.

Our economic conditions are very different in general, some can buy as much btc as they can, others cannot, they can buy little, but that is what makes the difference, it could be said that when we are looking for or waiting for good results we cannot force the market to do what we want because we will end up losing ourselves, that is in the case of speculating and expecting result s, we cannot do it like that because it would be very bad for our particular economy, however when we are waiting for the best moves we must be patient and always generate the best possible way to win, right now it is to wait , I think it is the safest thing.

To me anyone ever considering buying or selling must also consider investment based and position, it can be very wrong for any one to be selling when you are meant to be buying, if someone that has been accumulating for over 4 years or more with a good and reasonable size of Bitcoin is considering selling part of his investment now the profit margin can not be the same with some one that is still early in accumulation, historically Bitcoin investment thesis has shown that the more Bitcoin you  have and how long you were able to hold determines the level of profitability. However, the two senerio cases are what is really happening in the market, while others might be selling others might also be buying depending on what you want, for those buying now should be aware that Bitcoin is not a quick and get rich scheme, patient is required in order to have a compounded value of their investment over time, possibly 4 to 10 years or more.

[STT]

I dont usually go with the head shoulders type pattern, more the simple twin peak touch of resistance or the inverse of that of course.    I would agree with your take from the perspective of recent action breaking sequence of declined lows and highs every month, thats been happening for most of this year.

So I do expect once a sequence is broken that we have the opportunity to do something new.   Like most patterns, it has be confirmed multiple times before the majority of the market forms a consensus and we move properly.    BTC moving slightly more positively recently is too slight for most people, its going to take time to form and be more certain.

Todays action helps in some confirmation, I said target downside is 58k and we only went to 59k.   If speculators are seeing greater signs to buy then typically we dont wait to reach those lows and the next step begins early.   This is how each low ends up being more positive then expected, its not a secret exactly but it is subtle in showing we have better prices ahead.

Like anything theres a whisper of a new trend or a positive ahead, I dont want to speak as if its definite Im still not sure.     Selling is normal but just watch each low to see if it compares better then the last similar low, the prior month etc.   Very bluntly put, we must stay above a 50 weekly average.

[lixer]

I dont usually go with the head shoulders type pattern, more the simple twin peak touch of resistance or the inverse of that of course.    I would agree with your take from the perspective of recent action breaking sequence of declined lows and highs every month, thats been happening for most of this year.

So I do expect once a sequence is broken that we have the opportunity to do something new.   Like most patterns, it has be confirmed multiple times before the majority of the market forms a consensus and we move properly.    BTC moving slightly more positively recently is too slight for most people, its going to take time to form and be more certain.

Todays action helps in some confirmation, I said target downside is 58k and we only went to 59k.   If speculators are seeing greater signs to buy then typically we dont wait to reach those lows and the next step begins early.   This is how each low ends up being more positive then expected, its not a secret exactly but it is subtle in showing we have better prices ahead.

Like anything theres a whisper of a new trend or a positive ahead, I dont want to speak as if its definite Im still not sure.     Selling is normal but just watch each low to see if it compares better then the last similar low, the prior month etc.   Very bluntly put, we must stay above a 50 weekly average.

Usually when you look at only the TA and not look at what the market is feeling right now, you may make a mistake. Stable and steady periods of crypto do give a better return for TA, but when there are bad things going around the world then we could probably go down, or maybe there is a great news then we could go up, without caring about what TA is showing and we should care about these, they are very important results of what we are seeing and shouldn't really be bothered about this.

I believe we aren't really great when we do something, but at the end of the day we are not going to get greater results all that simply put, we are going to see something changing all together when we just lock ourselves to TA, but we shouldn't trade without TA neither. We need to look at TA and the news together so we can make more profit, this way we know what the market is feeling and we also know the charts and what they are saying as well so we can profit easier.

[taufik123]

-snip-
Like anything theres a whisper of a new trend or a positive ahead, I dont want to speak as if its definite Im still not sure.     Selling is normal but just watch each low to see if it compares better then the last similar low, the prior month etc.   Very bluntly put, we must stay above a 50 weekly average.

Just need to think positively on every market movement that happens, buying and selling will continue to happen, even though some sales make the price lower, but it makes Bitcoin have a good consolidation, and we know it is very necessary to do on a good market, so there will be a rally that will last longer so that it can break through a strong resistance.

On the weekly Time Frame, Bitcoin is above the Flil Trend Console Position, which means Bitcoin is ready to reach the Uptrend Console Area.
The resistance that needs to be broken by Bitcoin to be able to reach the new ATH is at the price of $68474 and $70952, when it can be broken there will be more FOMO to reach the new ATH.

But now we will still wait to see if Bitcoin is still strong enough in the Flip Trend Console area, and the soRSI indicator already indicates that a Bullish is imminent

[LUCKMCFLY]

Yes, I am still optimistic about Bitcoin this October, although the resistance and market sentiments are very large, one of which is like what you mentioned, namely the US election and also the conflict that exists in the Middle East, and that is the burden of my thoughts for a few weeks, Because if there is a very severe escalation that involves allied countries will make a messy economic, and the wheel of the global economy will be hampered again if it happens and Bitcoin may be ruled out in advance of the world's attention because there is something more important they need to do with global tension.

We are for the better, I like your chart a lot because you are showing the natural sense of a good market, despite all the fundamentals that can entail it is very possible that it will take that bullish turn, if things go in our favor a good movement with good volume can be generated that indicates that we are going up, following the technical and long-term fundamentals, considering the market in weeks an increase can be generated, but everything depends on the factors closest to October, which is the entrance to November and that is what many do not have thinking. but we do not have to stress or get anxious, the good thing is that if an election affects it will delay a little all the good that is coming for the market, but that btc will go up, it will go up.

[Akbarkoe]

Yes, I am still optimistic about Bitcoin this October, although the resistance and market sentiments are very large, one of which is like what you mentioned, namely the US election and also the conflict that exists in the Middle East, and that is the burden of my thoughts for a few weeks, Because if there is a very severe escalation that involves allied countries will make a messy economic, and the wheel of the global economy will be hampered again if it happens and Bitcoin may be ruled out in advance of the world's attention because there is something more important they need to do with global tension.

We are for the better, I like your chart a lot because you are showing the natural sense of a good market, despite all the fundamentals that can entail it is very possible that it will take that bullish turn, if things go in our favor a good movement with good volume can be generated that indicates that we are going up, following the technical and long-term fundamentals, considering the market in weeks an increase can be generated, but everything depends on the factors closest to October, which is the entrance to November and that is what many do not have thinking. but we do not have to stress or get anxious, the good thing is that if an election affects it will delay a little all the good that is coming for the market, but that btc will go up, it will go up.

Maybe you mean like this, the presidential election catalyst in the US has always been a big thing, whether or not the president supports bitcoin as in the past does not affect bitcoin's steps to get a continuous increase, in addition to notes, especially if the president-elect supports bitcoin, it might be very extraordinary for bitcoin in its price growth, we just need to see how all this will be real for bitcoin, I myself have been quite diligent in buying Bitcoin from September, even I have to stop shopping for things that are not too important so that my bitcoin before the US election is enough to provide an increase until 2025.

[BABY SHOES]

Maybe you mean like this, the presidential election catalyst in the US has always been a big thing, whether or not the president supports bitcoin as in the past does not affect bitcoin's steps to get a continuous increase, in addition to notes, especially if the president-elect supports bitcoin, it might be very extraordinary for bitcoin in its price growth, we just need to see how all this will be real for bitcoin, I myself have been quite diligent in buying Bitcoin from September, even I have to stop shopping for things that are not too important so that my bitcoin before the US election is enough to provide an increase until 2025.

This image shows each cycle... Moreover, the US election will be positive if Donald Trump wins.
Even if he loses I am sure bitcoin will pass this cycle sweetly.

It will be a fact that history will keep repeating itself and we need to prepare for the upcoming bullrun.

However, many investors have prepared in advance with regular purchases, they optimistically believe 2025 will be the peak... We believe that because we look as far back as the past.

[Akbarkoe]

Maybe you mean like this, the presidential election catalyst in the US has always been a big thing, whether or not the president supports bitcoin as in the past does not affect bitcoin's steps to get a continuous increase, in addition to notes, especially if the president-elect supports bitcoin, it might be very extraordinary for bitcoin in its price growth, we just need to see how all this will be real for bitcoin, I myself have been quite diligent in buying Bitcoin from September, even I have to stop shopping for things that are not too important so that my bitcoin before the US election is enough to provide an increase until 2025.

This image shows each cycle... Moreover, the US election will be positive if Donald Trump wins.
Even if he loses I am sure bitcoin will pass this cycle sweetly.

It will be a fact that history will keep repeating itself and we need to prepare for the upcoming bullrun.

However, many investors have prepared in advance with regular purchases, they optimistically believe 2025 will be the peak... We believe that because we look as far back as the past.

The future is always difficult to predict what the phenomenon will be shown by the world to us, but therein lies the interesting challenges to test how much human beliefs are about the future, as well as Bitcoin, some are afraid because of the bad sentiments globally and some are It is very confident because the history of Bitcoin continues to be extended in every cycle, but we do not know what it will be like in the future, the election of the US is a very important catalyst, Trump's selection seems very important for you friends.
So why for selling, big surprises haven't happened at this time.

[LUCKMCFLY]

To me anyone ever considering buying or selling must also consider investment based and position, it can be very wrong for any one to be selling when you are meant to be buying, if someone that has been accumulating for over 4 years or more with a good and reasonable size of Bitcoin is considering selling part of his investment now the profit margin can not be the same with some one that is still early in accumulation, historically Bitcoin investment thesis has shown that the more Bitcoin you  have and how long you were able to hold determines the level of profitability. However, the two senerio cases are what is really happening in the market, while others might be selling others might also be buying depending on what you want, for those buying now should be aware that Bitcoin is not a quick and get rich scheme, patient is required in order to have a compounded value of their investment over time, possibly 4 to 10 years or more.

Yes, it is a fact, we all know that having BTC in the long term will give incredible returns and that is something that cannot be denied, but also those who like to speculate in the market, trade, go for the good movements, for the movements that can be generated is something that can also be done , some get profits despite the fact that the percentage of losers is much higher than those who are actually profitable, however, people keep trying, but the good and smartest investment is long term, it has always been that way and with BTC the path to success is guaranteed.

[GeorgeJohn]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

It's a misconception of understanding Bitcoin that makes some people to pads wrong information to people when to purchase bitcoin and on when not to purchase bitcoin, I know very well that bitcoin price is something that has to do with understanding, at most when it comes to investing, you can purchase bitcoin at any point in time depending when you're financial buoyant, and secondly, you don't to sell your Bitcoin the because is dropping in the market, instead of you sell when the price are dropping you neither to accumulate your bitcoin, because you can panic and sell and after run bitcoin price accelerate in price, so my advice is that whosoever that's investing in bitcoin should invest with target so that it will not regret when the price collapse

[STT]

Possible sell at 69k if really  desperate to but I dont generally advise doing so in a wider context because of the positive build upto now.   I think BTC price action indicates higher but the timing for it occurring right now I would not guess so especially.   We made higher prices then September and August, now just July to consider.

  Also add in that this is the old ATH which this entire year we've only surpassed on a closing weekly basis twice barely so to me it still stands in the majority a place of great resistance and fair game for selling.  Of course if we do beat this easily and close out the week above 69k then adjust your aim to be far more positive, however till price proven this area is a ceiling in contention.

[mich]

Well I do think if you are selling now you do not know how a 'bull market' does work. We are seeing big gains in past week.
Bitcoin is up more then 10 percent. And Ethereum is up almost 10 percent. I do think we are going to see more gains when we do get closer to the American president election that is going to happen in November. You will be sad if you do sell right now. Just continue to hodl your coins. 

[Mame89]

Now that bitcoin is experiencing a price drop, is now a good time to buy or sell it?

Before buying bitcoin you must have a target first or a goal that you want to achieve. If you invest in bitcoin for the long term then every moment in the market is the best time to buy it, don't wait for the price to drop to buy bitcoin because bitcoin is a future asset so there is no need to doubt its fundamentals. Always do a dca strategy in buying bitcoin because this is also to anticipate the right time.

If you ask the right time to sell, of course when you have got the expected profit and what you need to learn is the history of bitcoin prices after halving because it is a guide for you when to sell it. Currently after halving we have not found the highest price so you can hold it and wait until that moment arrives. Actually if you study bitcoin well, especially of course the bitcoin cycle, you will not ask the right time to buy and sell bitcoin because there you can apply your own targets. Bitcoin price speculation from various sources can be a view for you in making the right decision.

[LUCKMCFLY]

Maybe you mean like this, the presidential election catalyst in the US has always been a big thing, whether or not the president supports bitcoin as in the past does not affect bitcoin's steps to get a continuous increase, in addition to notes, especially if the president-elect supports bitcoin, it might be very extraordinary for bitcoin in its price growth, we just need to see how all this will be real for bitcoin, I myself have been quite diligent in buying Bitcoin from September, even I have to stop shopping for things that are not too important so that my bitcoin before the US election is enough to provide an increase until 2025.

It would be great if things could happen that way, the only difference is that in those elections the topic of bitcoin never came to light on the part of the candidates, right now it does and there are very well-founded bases for each of the candidates, in the case of Kamala Harris if she is the one who wins, I hope that the effect is that, although I doubt it, because she clearly spoke of not agreeing, on the other hand with Trump it is much safer, the events for 2006-2017, 2020-2021 were very different from those currently, however this is something new for the market, it is interesting to see how the market will react.

I would not dare to give a prediction, since one candidate is in favor and the other is not, so it is difficult, where both were at BTC level it would be great.