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 .

I am not sure that Bitcoin obeys the traditional stock exchange rules and its price can be predicted using technical analysis. This is indicated by the fact that many traders lost their money because of the fact that the price of Bitcoin often moved contrary to the expectations of crypto traders.

Things happened, and I'm glad we were able to bring BTC back to $5,000.
As of today, seems the market is quite, there has been a significant decrease of trading volume, the once $80 billion daily has now dropped to $60 billion.

What's next for this?

Yeah i also waiting for purchase some btc at lowest price. Bitcoin price is already increased a lot. So I would like to wait some more days to get the opportunity.       

It seems the prediction failed because of a single person who bought a huge amount of BTC.  This simply means that there is always a variable in every case.  In short, we cannot predict the future, we can guess or speculate but the future will always be uncertain and in Bitcoin the only certain is the total number of Bitcoin mined in day today mining activities.

A big increase in a day can reach 17%, the price of bitcoin exceeds $ 5k yesterday. so many investors make big profits. but this doesn't always last long, now don't buy bitcoin first and see some further developments.

Seeing this situation seems calm and be patient to get the best. Enjoy this trip and later there will be unexpected movements. Pay attention first and don't be careless so you don't regret, let it run properly even though current demand is soaring and we will know this pump is longer or only for a moment.

You could be right, but that is my interpretation now.
Actually the increase should happen a long time ago, the market is oversold so we should not doubt on what is happening now, instead let's hope it will continue.

It's good to have some help, but with that chart I can barely get what is the context inside it, it just look like rocket science.

I agree, although this was just a pure opinionated speculation still he wants to help people in the forum about what he can say. Well, all speculations are just opinionated, but we don't know whether it would be successful or not.

Well at least look's like the OP just wants to help other people in the forum.
He could just live the link for tutorial to let other people learn how to trade properly by the way thanks for dropping it.
But he doesn't have to be so negative .

very good material on this topic. what do you think about this?

Bitcoin Price Prediction 2019 - BTC Price to Touch $23500 in 2019
https://coinswitch.co/news/bitcoin-price-prediction-2019-btc-price-to-touch-23500-in-2019

April fools but knowing the current market price for bitcoin was the opposite. The bitcoin market price pump up yesterday and today so I guess many were happy about this especially the huge investors. I just can't imagine how this market price pump but literally this pump up with its market price is because of a huge whale investing in bitcoin no doubt about it.

What do you think?

The biggest significant support for bitcoin is around 6k, so it can climb to that level, or wick there at least. I doubt it will beat 6k at once, though.

The positive changes in the market can give us another hope to trust and not to dump all the coins we have right now maybe if this will continue all of us can get benefits of holding it in the future.

Never panic how ever lower price of bitcoin because bitcoin become stable coins and will be on higher price, just wait your chance to get bitcoin back and never sell your bitcoin assets at lower price because you will be more disappointed.

The chart looks great we could see that the price of Bitcoin is going up.
Just relax OP let's enjoy it, I know you are just afraid for the dump after a huge pump but , Who knows maybe it is the start of the bull market.

what dump are you talking about ? op is too nega  . @op cant you see the price charts these days ? bitcoin as well as other crypto coins are now pumping  . all are expecting that the pump can grow more and can last longer especially next year 2020 because they said that there will be a halving that will occur  and that can give another reason for the value to sky rocket more evenly .  bitcoin are expected to dump on the year 2021  if there will be no good news that will be reported on that year .  if ever the price dump , there is no need to get out  . all you have to do is stay calm and keep on hodling .

We can see today. The graph shows that the movement of bitcoin is real! Bitcoin will penetrate the value of $ 5000. What has been predicted really happened.

perhaps what OP trying to say is... "Bitcoin is rising, get ready to sell" as anticipation to possible dump
but personally I think there is no sign of dumping yet
current price is ~$5,000 (preev) and looking at the chart it's gradually increasing since february
this increase might be the start of bullish market as we approach bitcoin halving next year

Same thing happened a few months back when btc suddenly pumped 900 usd in a few hours but it ended up as a prank lol. Few people are trading btc right now it seems and exiting at this position may be preferable for some but this isn't the real movement i'm waiting for. If you have a target though and that target is hit, then by all means stop being greedy or you may end up regretting it.

Oopps, dont make post like this which you can push to people to a bad decision since your still newbie here so dont make conclusion for what will happen on the market. There are still newbies hereand we dont know, what if they get invested but turn to loss their money. Be careful mate, its better to make concrete and sure advice for everyone

Keep play safe everyone we have been found this situation  prevously and if you have got profit or at least you target has been reached you can sell it now, take some in your capital and the rest you can buy again. The price bitcoin has been rising 12% based on coinmarketcap and I never see it for a long time and now it happen again. I see the latest new in coinelegraph and indeed some positive comes information such as china leading world in blockchain project and I guess that information give an injection to make the prices cryptocurrency up.

Not lookinh about the image also mate,and i am also amaze how OP can say these words

How long have he been here to claim all this things?

Well gaining almost 20% earlier is not bad to tell that bitcoin made a bullrun but as of now its been frustrating again as it is dumping low

Bitcoin always like to maintain its dominance in the market. Ever since it went below 50% have been expecting a reaction, this could sustain the dominance for a period while some other funds come into the space through crowdsale

It is consistent for now and it even rose close to 5k before dropping down back to 4.6k at the moment, but you should understand that this is an extremely volatile market which is why it would be wise of you to not get deceived by the recent consistency in BTC value.

the level of $ 4600 has been reached for bitcoin at this time, but I think the decline will occur briefly and a large pump will recur, the volume in coinmarketcap shows a positive value instead of manipulation

well that is not called "dump" and what you do is not called "get out"! so far this topic by OP looks more like a bad April Fools joke.
what you are describing here is what day traders do with each ups and downs which means after a short rise like what you said, you sell to get the profit then start buying back as the correction occurs, rinse and repeat.

Hmmm very well said dude! I also waiting for confirmation to make a good entry and take a look bitcoin try again to break the $4200 level if this fail this time we can see bitcoin going down just be patient dont be rush to enter!

Bitcoin is very consistent now, it seems like we will be reaching the $4,200 level soon.
I am no longer waiting for the dump, most likely if it break that resistance, there will no dump that is going to happen.
I should not doubt how BTC move in the last weeks, it's stable moving uptrend.

This users has talking like having a lot of knowledge with trading cryptocurrency. As I was reading, I was expecting that user will.make a conclusions regarding with cryptocurrency as the. user stated about resistance and has a good sense predicting bitcoin market price. Unfortunately I dis not get an answer from.the users spectation basing on the image that the user posted.

Here is the image:


I think I will get out from trading for a while when the price reaches $4200 which mean we are near reaching that number. But if the price will be down after reaching $4200, then I think i will make a buy call again especially if the price can go down until $3900
But if the price increases more than $4215, then I will prepare to sell another bitcoin to gain the profit.

This is the difference between stocks/forex/indices to crypto which its really an unpredictable market.We can make use of some patterns or
tools that we are using with traditional markets but it doesnt work the same when its applied on crypto.Yes, bitcoin itself do already break a hundred or
thousand times on the analysis had been made.So, it is just stressful if you do force out some things which doesnt guarantee to happen.

Btc will not decline in price significantly. Changes are the bottom was already in or will be in near 3000. So it doesn't make much sense to sell except for you somehow know what will happen.

Agree, this is also an assumptions and can't be as reliable at its should be, there's a lots of possibilities and even we seen a good patterned there's still chances that things won't go accordingly, there's still lots of factors that will might change the directions of this current trend, we don't need to believe
to anything we need to be well prepared to act properly.

This is pure speculation and nothing more. There is no proven way to pull out our profits during a Bitcoin dump. Technical analysis is helpful, but it is best not to depend on it completely especially in this extremely volatile market.

Also, do something about the links op.

Well, this is normal to every Newbie account to not post an image but if you buy a copper member there will be tons of advantage than the normal newbie account.

Upon searching about of what is the wyckoff pattern you are talking about then i found this.

The Wyckoff Method: A Tutorial

There's a lot of information there that most newbie might wanna know if they want to learn how to trade in the market.

I will never click on the links you gave, it's not safe for me, furthermore I don't have much interest in the subject of price prediction. Technical analysis of bitcoin is important, but it should only be consulted, the market has a lot of things that can affect prices. Sometimes only one news can reverse the trend of the market, not to mention that there are organizations that manipulate market prices.

I am not sure if this is really the Wyckoff pattern and if these trading strategies are applicable to Bitcoin and this current Bear market. Yes, a recovery is on the horizon, but it is not to say that a Wyckoff pattern will be the indicator for that. We know Bitcoin has broken several trading strategies in the past and people who rely on these strategies has lost a lot of money, betting on those strategies. 

https://www.tradingview.com/chart/BTCUSD/qTEYOIc2-Bitcoin-following-perfect-wyckoff-accumulation-pattern/

It is a part of april fool's day? Or are you serious. You can't tell that and you don't have any idea when it's heppened or it may happend. I think even satoshi will have no any idea when it happened. You asked when I get out? My answer is never. I will never get out because I know this will never happened bitcoin is always a King.

Use the other link to upload image which is more popular like imgur or prnt.sc if you do not want to buy cooper membership in order to be able to post images. People worries to click links, especially when the link is not really familiar to them. In this case, I would not even try to click the links on your post. We are prefer to be safe than sorry later.

Be a copper member pay bitcoin so that a newbie account can insert image upon making a thread.


There are shady people coming here in this forum every day, it's only natural to get that response.

We posted a link because is there any other way to post image 2nd Reliable Yes and Yes, Who are we? We're still new here but atleast we just wanted to share some ideas or info. Sorry about that buddy if some of you got shock we posted here were still new and we wanted to share but thank for the info.

Your first message includes a link and recommendation. Woow it is so reliable? Really? Who are you? How can we trust you?

Please learn how you may use forum firstly. I don' mention only this forum but all forums. You really can get a great info if you use is correctly.

By the way, I didn't even look at that image, I am sure most of people will do same.

https://ibb.co/q706DcX <- CLICK TO SEE IMAGE

If you check the wyckoff pattern, you will soon be able to reach the Resistance lines.



Continue to check Phase D at:
1. Make sure you are staying in the LPS -> SOS section for a period of more than a month depending on the pink arrow and circle.
2. If we break through the major resistance lines in this 3k market, we will see SOS.
3. After the break-over, we will enter the over-the-counter market and retest the $ 4,220 price range.
4. A defensive trader will be able to locate the entry point at this time.



Remember, however, that if you do not see SOS and break the $ 3,640 price range, the Wyckoff pattern will be invalidated.

http://iiwowii.com/wp-content/uploads/wpforo/default_attachments/1554111524-1.png <- (Just an Image not an ads)


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