How to sell on the way down without being the absolute bottom

Gotottack

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Quote from: jono_t2000 on June 25, 2017, 06:23:06 AM

Hi guys

Just looking for some tips, basically thinking we are slowly coming into a bear market.

If that is the case then i want to be able to sell on the way down and then re-buy at an even lower point.

Based on that was wondering if you guys have any tips on how to sell on the way down while safely knowing you are not selling at the absolute bottom?

You can't really predict it as it is hard to know when those whales will suddenly also unload their assets and make the prices drop. Usually when the prices just suddenly drop is because a lot of whales just sold their coins and waiting for it to cause a mass panic again then buy whenever everybody is panicking because the prices are going down. I would say that when bitcoins reach an all time high, that's the best time to sell when you see a slight dropping of prices.

Pearls Before Swine

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Quote from: jono_t2000 on June 25, 2017, 06:23:06 AM

i want to be able to sell on the way down

So in other words, you bought high and want to sell low? That makes no sense, except it's what I suspect many members do here. Why not hold what you have and buy more if there's a dip?

Also, nobody(!) here can tell you with a straight face where the "absolute bottom" is. Not in bitcoin, not with precious metals, not in any type of market. If anyone knew that with certainty, it wouldn't be the bottom. So take what people tell you here with an enormous salt shaker of NaCl.

RogueScholar

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I would be very hesitant to label anything in the Bitcoin markets a legitimate "bear market" unless something massive occurs to shift the underlying supply and demand forces. To meet the unofficial definition, it would have to shed 20% of its value compared to the prevailing price 60 days prior. We've certainly seen plenty of retracements of that magnitude in recent memory, but demand always seems to commence a recovery long before we get to the 60-day mark.

If you forgive a bit of apples and oranges on my part, in securities, bear markets are usually something you expect to remain in effect for the better part of a year, and most often longer than twelve months. Those are the kinds of conditions where selling short without careful attention to entry and exit points can be lucrative, provided you know how to automate the entry of conditional limit orders to trail the closing price and thus spare yourself the ignominy of being wiped out by sudden volatility. Based on all available commonly known information, I don't see where you could find the rationale for such an expectation, and consequently I think a prudent investor would treat all short plays as day trades only.

shinratensei_

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Quote from: jono_t2000 on June 25, 2017, 06:23:06 AM

Hi guys

Just looking for some tips, basically thinking we are slowly coming into a bear market.

If that is the case then i want to be able to sell on the way down and then re-buy at an even lower point.

Based on that was wondering if you guys have any tips on how to sell on the way down while safely knowing you are not selling at the absolute bottom?

You will not until you are able to take the risk to sell on the dip and buy on another next dip.

That will be involved a high risk. Because you will not be able to predict when and how many the coin will be dumped the whales to the market. To make the more traders will be feeling panic and try to sell their coin at the cheap price.

Never try to get into the bear or you will be lost.

Ucy

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Quote from: amaral1977 on June 26, 2017, 01:53:37 PM

If you look at the market trend, like zoom out the chart you will notice that even when your are bearish the market has ups and downs. Just try to learn to ride the wave without flipping over.

Absolutely. This method help me alot as a newbie,been long I stop using it and noticed my profit had slowed down. I tried it again few days ago, my Bitcoin went up alot. Will be going back to my good old day trading to continue with my trend riding. It's even fun to do

|Bitkoin|

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Generally speaking, you are supposed to sell on the way up...

Also, there is literally no way of knowing when there will be an absolute bottom.

So at the end of the day, you should still just try to sell on peaks to get the most for your money.

amaral1977

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If you look at the market trend, like zoom out the chart you will notice that even when your are bearish the market has ups and downs. Just try to learn to ride the wave without flipping over.

gabmen

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You can't really tell the exact point when a dump will end same as we cant accurately yell when a pump's peak. Though for me, as long as you don't sell below your entry price, even if you sell in a downward trend it's ok. Knowing how to observe the charts would be a good help on at least having an idea how long the dump, or pump, would happen

Xavofat

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Did you see that ludicrous display last night?

Set a conditional sell order at a certain level that you think confirms that the price is going down. Analyse trends using indicators such as the Bollinger bands on day candles, and buy again when there is a lasting uptrend.

If there's actually a bear market, it should last long enough for it not to matter if you're a tad late buying back in.

davis196

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Quote from: jono_t2000 on June 25, 2017, 06:23:06 AM

Hi guys

Just looking for some tips, basically thinking we are slowly coming into a bear market.

If that is the case then i want to be able to sell on the way down and then re-buy at an even lower point.

Based on that was wondering if you guys have any tips on how to sell on the way down while safely knowing you are not selling at the absolute bottom?

I remember that some big exchange platforms had a hedging feature.You can hedge your bitcoins by paying a fee and sell them at a fixed price in the future,so if the market price goes down,you profit from the hedge.
There`s no way to predict a market price movement.Nobody could know when the price will reach
the "absolute bottom".

jono_t2000

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Hi guys

Just looking for some tips, basically thinking we are slowly coming into a bear market.

If that is the case then i want to be able to sell on the way down and then re-buy at an even lower point.

Based on that was wondering if you guys have any tips on how to sell on the way down while safely knowing you are not selling at the absolute bottom?

Topic: How to sell on the way down without being the absolute bottom (Read 550 times)