Topic: How to know when to sell? - page 16. (Read 3954 times)

Selling must be done during high price value we alreafy know about that if we  really gain on the presend time we must sale it already and there no used of waiting for a long time if we already gain on that present time around.we are looking for profit and i tjink it is just the same thing if we are going to wait the time is really being said that is really important in trading also with patience but i believe that we are all looking for the profit and if we can gain it already in the present time i yhink theres no need of waiting for a long time.

To know about time that when to sell bitcoin it’s very important to check the price of bitcoin because it’s the only way to know about when to sell and I’m also going to check the price of bitcoin every day because when I keep bitcoin hold so I’m going to check the price of bitcoin every day because it’s very important if anyone want to earn from bitcoin in a fast way so it’s very important to know about price.

Nicely said!

Agree!
Always know your exit point before entering a trade.

You should know what is your target or what amount you aim to have when you buy your coins. Be patient and don't panic sell when you see the price is droping because it is just temporary because you will incur a loss. If you think that you will earn your desire profit when you sell your coin then do it.

Like the saying goes : you can not hit the target you can not see. The first thing you do when buying in on coin is to set the price you are selling or buying more. If you go into any coin hoping for whatever, it is sure whatever is what you are going to get.

You must set up a profit margin before you decide trade so that when you attain that range you can then close the trade sometimes when you get a little greedy and try to get toomuch, you eventually end up losing almost all the profits you have accrued and even loss some money as well.

As for me, I just set my desired amount that when the price reached it, I will immediately sell.

To enter the position there are some simple strategies or scenarios that we can use with minimal risk, among others:

1. If the price touches the resistance level and fails to break the resistance level, we can take the Sell position with the price analysis likely to bounce back down again. Anticipation is if the price turns and closes above the resistance level. To know whether the price will bounce when touching resistance can be combined with a candlestick pattern or shape.



2. If the price touches the support level and fails to break the support level, we can assume that the price analysis will rise again and we can take Buy position. The risk limitation is if the price turns back and breaks the support level. To find out if the price will bounce back when touching support we can use a candlestick pattern or shape.



3. The third scenario is when the price breaks through the resistance (breakout). If the price breaks above the resistance we can take a Buy position, moreover there are fundamental news that support. For the restriction the risk is if the price goes back down and closes below the resistance.



4. The fourth scenario is when the price breaks the support (breakout). If the price breaks down support we can take a position Sell, especially if there is a fundamental news that supports. To the limit the risk is if the price goes back down and closes above support.



That's some way we can do to know when when we enter the position Buy or Sell in a simple way, namely only by utilizing support resistance without using technical indicators. In this simple way we can maximize the profit potential as well as minimize losses.

Always be disciplined with your trading plan and train your skills in determining support and resistance levels to hone your visual skills in reading charts.

Well, I somehow agree. However, it's generally hard to predict what would happen in the the cryptocurrency market with fair certainty to actually use it as a guide to know when to sell or hold. I think the better way to actually guide you is your profit goal, if you want a big profit and you see that the profit you would get from getting rid of your holding at a certain would not be enough to satisfy you, then hold it by all means. It would depend on how much capital you've used to invest in it as well.

The seller he/she that one keeping monitoring for the bitcoin price when waves so the good expect for low profit and buying again for next target aim less than first

As everyone will say that don't be too greedy or else you'll just loss instead of profiting.
So just sell when you at least profited like 20% - 50% and if you can see that the coin will continue to pump then just sell the half of it and monitor closely the market.

that's true but not all of this indicators will go and follow it still we are clueless if it will pump or dumo after we sell. A good well experienced trader also loss so practixe and practice.

It all depends on our strategies, in my opinion, either short/long term have their own indicators to time the exit. Fibonacci retracement and trend based-fibonacci are prominent enough as an indicator to predict the pullback or trend reversal. I've seen a lot of traders used them you should check it on YouTube it really helps me a lot mate.

Agree!
I would also add... less is better! Meaning trading just a 1-3 coins at a time is far better than trading 12-40 coins.
Laser focus is better than diversification.

As I always said... Diversification is a "BAND-AID" against ignorance.

i will give you few advises what i do everyone has different set of mind do what you think is better.
1) Always try to buy at dips.
2) Once you bought any coin and after some times if you got more than 100 to 300% profit just take out your initial investment and play with your profit.
3) Always have a look around and do your own research while buying any crypto coin you should have to at least bid between low and high prices of 24 hour or may be more like a week.
Best of luck!

When the price is higher or below the moving average for longer than you're comfortable with, that's when you sell. That being said there are various strategies that can be used, e.g. Buy at statistically significant troughs, and sell at the peaks, buy when trade volume multiples in a particular direction by a certain percentage etc. Best thing to do is enable bollinger bands, look at the trends and try to identify where the market is going, this works best in the short term.

Keep monitoring for the movemens of the digital currency as you can,specially bitcoin and the altcoin etherium.This two is a good choice for holding and can be profitable when selled.When you observe a fall of the price of the coin its the right time to buy,get as much as you can and hold from the time being,wait for its price to get high the thats the right time to sell it.But as of now bitcoins value dont show of highing its running between 14k and 13k and vice versa.Etherium on the other hand is showing a good growth.Besides it up to your own strategy or plan if whats be the good way.

Sometimes try to use economic indicators what will help you predict possible buy and sell points for each crypto coin. This is a good aspect of the indicators, but never act with them solely.

I believe that your satisfied with your profit and percentage then you can sell it. But if you hear the news or see in your analysis that there is 95% that it will increase then hold for few more days then sell it if your satified.