Topic: BITCOIN Dump! - When to GET OUT! (Read 819 times)

Not all people do have that kind of long term perspective.The important thing to them is on how to make money on the shortest possible amount of time and thats the way of shorting or simply active trading.
Getting out on a position wont really be that easy always yet our minds do really reacts that we should wait a little further because we might even gain more than on the current we are seeing.Patience is a great factor but sometimes it do have corresponding negative effect if you do comes to exaggerated and didnt able to get out on the exact time.

Our lack of patience as investors are what pushes us into always going after pump every minutes, when you meet an expert, he will advise you to put money you can afford to lose, and if its money that one can afford to lose, then no amount of time is not worth waiting for, if we can have it at the back of our mind that our investment is for a long-term, then there should not be any need for lots of agitation that we see today, which sometimes makes an investor to panic sell. So what we need to hold on to most is the potential growth of the project and investment in future and not now.

Well your right mate,he needs reputation first before trusting since investments involves our hard earnd money lol 😂
Thats a greay advice lol,hope OP will consider checking much forums and not just giving charts
Yups i never extend some efforts to look at it also.

Maybe those that are spamming the forum with this are been paid for doing that and that is why it is at the most of the cryptocurrencies forum you come across.  However I do prefer personal research before investing into cryptocurrencies market.  If I will sell I have the candlestick patterns that tells me that and vice versa.

not only bull but bear is also what the most are hoping because how can they buy a coin if the prices are way too expensive ? sure they can sell high but thats it ?  crypto is about waiting  . so bieng patience plays a vital role  and when its dump there is no need for us to panic because the dump is only temporary and wont last a life time  , same as with the bulls .  we need to act fast when it bulls but we need to wait more time when its bear  . as simple as that .  there is no need for us to get out  .

A bullish market is what investors are hoping, but we have to put in mind to understand that the market is really unpredictable.
We are hoping it will pump so we can sell, but if not we should not be discourage because the moment we invested here, we already believe in the potential of crypto and understanding it will help us to become strong build confidence to wait for the good timing.

The market looks good and should continue the uptrend and this would only boost the way the crypto is being look in the recent months as market in 2018 had being only falling. So this will help people to start investing as will have more demand as the price rises in order for them to invest.

Those are the best way I think, when the price bitcon increased then we should know when we decide to sell it or in other word you have got profit on it. I don't think for those people who still hold it although they have got profit the will get a lot of profit in this increased price. Maybe most of them just will feel regret cause they don't sell it, you can see now the price meet a correction, a few days ago the price was $5300 but the price are declining to around $5000. This is the point when we don't have greed even we will have a lot of chance to gain profit again when we buy it at the lower price again.

Saw this post on another forum on april the 1st also so people are copy and pasting it around.  It is mostly funny to the nocoiners of the world.

We are taking it slow ma men, if you are going to look at the chart on the month perspective From march 12 to april 1 the price is pretty stable at  $3,800 -  $4,100 then suddenly it pumps up to  $4,901 on april 2. Gaining $800 as a good profit, Now we have to carefully watch this because if bitcoin will follow the pattern for the past month. The price is going to be stable probably for the next 3 weeks then a sudden increase might happen probably higher chance than dumping back to $4000.

I think dump and pump are really very difficult to predict. now, the price of staying at just $ 5k is good enough. What's more, there has been a lot of development from crypto projects. I began to think that crypto will start pumping this year.

Actually, this post was posted before the pump of bitcoin. Look at the chart and you can see bitcoin sitting at $4100. So, I think that this speculation is invalid.

I'm hoping for the bullish trend actually. I hope that we can reach this kind of price so that we can grab profits.

Bitcoin's getting near it's new higher resistance levels at $5,455 and $5,652. Will the bullish trend continue?

Read more in this TA article:

https://coincodex.com/article/3396/bitcoin-price-analysis-btc-breaches-618-fibonacci-retracement-level-rsi-shows-overbought-conditions/

I think there would be no dump but we couldn't be so sure about it the market is so unpredictable,
We couldn't expect anything from it,It could be pumping now and then just drop off after a few hours or days .
We don't know what could happen so let's just stay positive and enjoy it.

prediction is only a prediction . it is not guarantee that it will come true  .  its not shocking that a prediction can fail . that is a lesson learned for you guys  . although the price is now pumping so its still a win win situation even if your prediction for the decline of the price have failed  .


there is no way to get out once bitcoin is dumping  . instead the best thing to do is to wait it recover so that you wont loose any of your capital   .  you can opt buying at the dip if you have extra cash  , if ever you want to increase your potential income  .

OP was mistaken, we had already fallen!  Once we created a lower high on Feb 7 at 3300 back from 3100 in Dec, that was the clue the "spring" was not happening in this accumulation phase.   I argue Bitcoin price is full of early stock market conditions with tons of speculating going on.  So old charting techniques are working really well until more institutions and professional traders begin speculating on the asset.  Richard D. Wyckoff identified a pattern in price that institutions play to take money from those that are less aware of what is happening.  

Price is not going to free fall to zero, unless some major event occurs.  From 6k down: the Preliminary support was 4100,(you cannot see anything yet, as it is to early to predict a bottom) than the selling climax at 3400, another drop but less selling pressure (this is the zone where nobody wants to sell anymore) from here you have an automatic rally (Retail thought 3400 was the bottom, so they pumped the price back up with buying but the selling pressure was stronger and you have a second test of the previous low. More supply is found down at 3131)  

When these 4 things happen, now is when you can see what is going on.  Richard D Wyckoff back in the early 1900's was able to identify that this is when institutions got in on a specific asset.  From here the institution can sway movement upwards or down with the hope of releasing more supply of that asset for them to buy.   After the auto rally comes a secondary test of the bottom supply again (this time price dipped to 3131) another strong move up creates the V bottom and stopped at the P.S. which is now resistance.  From here trade sideways on the top end (get people bored, and impatient) multiple fakeouts up and down, the impatient need to make money and sell what they didn't want to sell back at the PS, so another big attempt at an ST (secondary test) but the price doesn't move far down (3330).  Institutions realize all lower supply is depleted and these are the Hodlers, so they "start to build a cause" for the next move up.  This is them painting the tape so that traders can start turning bullish and help them move the price up so that retail investors think they are missing out.   The rest from here is the price inching its way up until the obvious happens.  

Phase B ended roughly Feb, 17-20.  You can see the On Board Volume consistently going up, even during price dips (big player were buying up every dip beginning Feb3) On March 27th, the same indicator showed another increase in volume, it was only a matter of time til we broke out of the accumulation zone.

All of the above observations are just human emotions plotted on a computer screen.  Everything that is happening not just with price, but with adoption, twitter shillers, scams, hacks, people taking out second mortgages, selling wedding rings, etc.  Whatever it is, we are all seeing it as what we know as "the Bitcoin price chart".  Doesn't matter the asset, the human is the same.  

Well, I think this is another FUD trying to make people panic. to be honest I'm not so panicked at seeing negative news from bitcoin. maybe I'm used to it. for now, I feel that the development of bitcoin will be very good. it's better to focus on the strategy of increasing profits, compared to always worrying about FUD.

You can buy bitcoin right now, and I see the price is down and back to $4950 level so you can get bitcoin at a low price. But I am not sure that if the price can increase or decrease later. It will worth if we can be patient for a while to see where is the trend wants to move so we can try to buy bitcoin a low price again. But the line on the chart still to go up, I guess that after this down moment, the price will break $5000 again and continues to go up.

Hmm just HODL, the price seems to be slowly going up for quite some time so it will be a good opportunity for me to make profits depending on how will the market acts for thenext weeks or months huehue. If it goes down roughly around $3500 i might be adding more funds lets just see

I dont bother about this patterns even its not my thing . I just following the strategy buy bitcoin right time may be when i can afford to buy without credit . even the invested doesn't affect my life . Sell when it comes to desired profit . So hold on your bitcoin until you find good profit .