How to trade after all time high - page 3.

TheGreatPython

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Quote from: CryptopreneurBrainboss on January 07, 2021, 10:43:23 PM

Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

Here's when the stop loss features become most useful, since you know the possiblity of a retraced is certain, you can always put in a stop loss at the previous all time highs and continuously increase the exit point as the trades keeps breaking new highs. This goes for all the cryptocurrency and not just for bitcoin.

With alts though you should be very cautious as what tends to follow such milestones is, traders securing their profits by cashing out which if you're not careful you'll be dumped on and since there isn't any certainty of an alts rasing again due to the numerous numbers in the industry, you might end up holding a shitcoin that has lost value.

Bitcoin on the other hands tends to increase more after previous all time high is been reached just as we saw with it breaking the $20k trading price few weeks back.

Stop loss when going down, but also maybe profit trailing when going up as well. That way you would know when to sell in a stop loss situation, but you would know when to buy when it starts to go back up. Just to give a simple example, let's say price is 40k, and it dropped to 37k right? You could have a stop loss at 39 (for example of course nobody puts a stop loss that thin) but it reached 37k, so you should buy buy at 38 to make a profit again.

These numbers are all made up of course, I do not trade that thinly for example, my current stop loss is at 28k for example, which means it has to be a huuuuuge fall for me to get out, but I would also have a 24k and 20k big buy back after that. So you have to realize where you are going, plus I would have one at 30k in case it goes back up right away too. Stop loss is important but what you do afterwards is equally important.

maldini

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I make transient exchanges it is a lot more secure with little benefits with quick developments we will think about the markers of certain coins that are being exchanged, course your cash will be directed, in fact seeing the current circumstance of bitcoin is high and you can not anticipate when it will encounter a significant rectification. very troublesome.

Alexmagn84

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The market revision could fairly be going on straightaway, not know when however this is certifiably not a smart thought to enter the market during highs. At the point when value succumbs to brief timeframe you should purchase and sell in a more exorbitant cost. You need to accept the value how down it will fall than just submit and purchase request at that rate.

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Quote from: LimLims on January 08, 2021, 09:54:51 PM

Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

Listen mate,
It’s always recommended that in order to trade, you need to have the capability of bearing losses.
If you cannot take your losses in your positive way, then it’s better to avoid trading at first.
Secondly trading depends on the estimation and assumptions, if you cannot make correct predictions don’t invest.
It’s no matter if the coin is in it’s ATH, as i see still confident traders buying it and have hope that they will get good profits from it.

Perhaps, the best thing that he can do if the price is at an all-time high is to take a break for a while because if he forced to enter the market while he doesn't have many skills to trade, he will feel difficult to buy and sell. The price moves at a high price, and that will not easy to find the time to trade. So assume that the market still increases, that will be a fast move and we can get in a trap to buy at a high price. If that happens, that will make us wait for more because the price will not bounce to the high price in a short time. We need to have more experiences and skills, so we can know if we can continue to trade or break for a while.

LimLims

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Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

Listen mate,
It’s always recommended that in order to trade, you need to have the capability of bearing losses.
If you cannot take your losses in your positive way, then it’s better to avoid trading at first.
Secondly trading depends on the estimation and assumptions, if you cannot make correct predictions don’t invest.
It’s no matter if the coin is in it’s ATH, as i see still confident traders buying it and have hope that they will get good profits from it.

dimonstration

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Quote from: ChronoLite on January 06, 2021, 08:51:22 AM

i think considering how fast the price is moving and then you should do a short term trading in consistent way i mean as long as you can get profit even it is just a split second than you should cashout your money afterwards. you dont want to be regret because you miss stuff and it might be better to save this profit better late than never

Profit is profit, the price is too volatility and we're not sure when the price will drop. I regret selling early but if the price did not increase that time I know I will also regret not selling. The key is just really set in mind the target amount based on upto how much we can monitor the price movements and its frustrating to monitor as we see the volatility too fast, when I plan to do selling I watch the market consistently until it reach my goal.

Fatunad

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Quote from: youdacapt on January 08, 2021, 04:40:03 PM

Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

You need to define why you trade crypto currency, do you trade crypto currency because of its all time high or because you want to take profits steadily without fail ? As a trader; you should have percentage profits target and not concern yourself with all time high. Long Hodlers should worry about all time highs. Do not lose focus while trading.

All time high wont really be an issue for most traders because they can trade out without any problems, it doesnt matter if its a bearish or bullish market because as long the market moves
then this is where people do love to engage.Trading in all time high wont be an issue.

Its true that you should not panic out or dont lose your focus when you do trade because this is where things becomes messy when you havent done your typical trading system.

For people who do see this as an issue then they should skip out things if they do see that they arent really ready to engage yet.

youdacapt

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Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

You need to define why you trade crypto currency, do you trade crypto currency because of its all time high or because you want to take profits steadily without fail ? As a trader; you should have percentage profits target and not concern yourself with all time high. Long Hodlers should worry about all time highs. Do not lose focus while trading.

el kaka22

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Everyone is scared but being scared doesn't really help you neither. When the price reached 24k levels there was this talk of "should I buy now? Or should I wait?" and price went to 29k levels, at that point everyone acted like "should I buy now? Or should I wait?" and then price reached 34k, well same happened, and now it is 41. At some point you have to realize that buying bitcoin is not a bad idea, you could do whatever you want with it, there is no losing in crypto.

Well buy some more, it went even lower? Well do not stop, keep buying more and more, as long as it is low, you can buy more and more. After a while it will go up again above 100k and you will be in big profit. So there is truly no losing crypto, you can do whatever you want in crypto and that is the good part of it, that is why I suggest buying at all prices.

CryptopreneurBrainboss

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Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

Here's when the stop loss features become most useful, since you know the possiblity of a retraced is certain, you can always put in a stop loss at the previous all time highs and continuously increase the exit point as the trades keeps breaking new highs. This goes for all the cryptocurrency and not just for bitcoin.

With alts though you should be very cautious as what tends to follow such milestones is, traders securing their profits by cashing out which if you're not careful you'll be dumped on and since there isn't any certainty of an alts rasing again due to the numerous numbers in the industry, you might end up holding a shitcoin that has lost value.

Bitcoin on the other hands tends to increase more after previous all time high is been reached just as we saw with it breaking the $20k trading price few weeks back.

The Sceptical Chymist

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OP, I hate to say this but you're being naive if you think anyone here is going to give you trading tips that would potentially give you an advantage in the market--assuming anyone had such legitimate tips. Since I don't think that's the case, what you're going to get is a lot of nonsense and/or misleading advice designed to eliminate you as competition.

We're all in the same boat as far as bitcoin being in uncharted territory, but having said that there is in fact a trend (if you hadn't noticed). That's probably the best way to play the market and one that doesn't make us competitors--until it comes time to sell, of course. As they say, the trend is your friend, and bitcoin's trend right now is up.

I'm not hugely invested in the market right now and am more of a cheerleader for bitcoin on the sidelines. But it seems to me that the winning strategy at the moment is to buy and hold until you've made whatever profit goal you've set for yourself. Best of luck, but beware of bitcoin's notorious volatility.

Ridwan Fauzi

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Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

There are som many indicator which can help you to solve this problem. Like fibbonaci expansion, you can use this tool and you will know where you should sell your bitcoin. Actually, trading if the price pass the previous all time high is more than easier than we trade to reach the all time high.

Because we have many strong support which must be passed that as we may know if the price touch the strong support there will be many possiblities. Some trader will assume that the strong support can't be passed and the price will fall after that and some trader will assume that the price can passed the support because they will look to the sentiment market. That is why, it will take a long time to pass the previous all time high rather we look new all time high.

Silberman

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Quote from: Shubh7668 on January 02, 2021, 02:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.

At that time we don't have any charts,so we should trade with the help of indicator only.....

Each person has their own personal style about how to deal with this, my style is simple I do not trade when an ATH has been reached, we are at levels never seen before which means that you cannot really use the past to try to predict what the asset will do under such circumstances, the safest bet is to just keep whatever coins you already have and wait until an important correction or a crash comes, while this is not the most profitable strategy out there it is the safest one in my opinion.

fullhdpixel

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Quote from: gabbie2010 on January 06, 2021, 03:30:17 AM

The best bet is scalping as you rightly said, he should use a timeframe of 1or 4 hour and trade off any pull back with the aid of an indicator which can indicate oversold and overbought zones with diligence and precision the OP can by low and sell which can be done repeatedly to earn some decent profits however it is advisable to buy low always due to extremely bullish run of the market.

Scalping requires a bit of knowledge, that should be something taken into consideration. Do not start to trade right away with scalping method if you have no idea how it works, you will end up with losing a lot of money, but if you end up studying a lot to learn scalping, this period may pass as well so you need to study hard and study a lot, in order to both reach to this period and also know how scalping is done.

Honestly as someone who has been around for years now, I haven't really had any luck with scalping because it requires to be quick and very fast, if you are not quick and very fast, you will end up with losing money or at least missing chances and I kept having those. However the logic is not bad, if you want to trade on an all time high price, you have to end up trading a lot on scalping that makes the most sense between others.

boyptc

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Quote from: ChronoLite on January 06, 2021, 08:51:22 AM

i think considering how fast the price is moving and then you should do a short term trading in consistent way i mean as long as you can get profit even it is just a split second than you should cashout your money afterwards. you dont want to be regret because you miss stuff and it might be better to save this profit better late than never

That's good in short trading, you get profit and then sell. But in the long term if bitcoin keeps on hitting all time high, you need to chase the price if you want to get profit from it.

But if you're just a chill investor and long term holder, no need to rush and chase, you just hold and wait for your profits to come.

jaresmerel001

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Some people were really just stratified with small profits, especially those at risk with huge cash. They weren't fighting the trend, they were just playing the trend with pure security. They also prefer it because a gradual potential change in ATH is the current price of BTC, which is very unexpected. And with such a sudden increase, we just don't know when it's better to play safe in trades with a certain downfall soon. This ATH also took 3 years to take ,so risks also increased.

ChronoLite

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i think considering how fast the price is moving and then you should do a short term trading in consistent way i mean as long as you can get profit even it is just a split second than you should cashout your money afterwards. you dont want to be regret because you miss stuff and it might be better to save this profit better late than never

kamadazje

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If you have good resources that you can rely then it is good as it is very helpful in your future trades even if all the currencies will create a new ATH because it doesn't mean that they will not create a new ATH again and again even if were able to break their first record.

As long as we will not hit the peak of the market then it is still safe to trade to any currencies even if they were able to hit a new ATH. What you will need is a good resources that will help you to buy at a right time and sell in a right time until we will hit the peak of the market.

gabbie2010

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Quote from: Twinkledoe on January 05, 2021, 06:22:55 PM

Quote from: DarkDays on January 05, 2021, 06:17:51 PM

Quote from: cryptolord2077 on January 05, 2021, 05:39:06 PM

It's simple, buy low sell high. If you definitely know that your coin has reached its highest point, then it is obvious that the best move would be to take profit.
Besides, if you are talking about trading, this is exactly what traders make most of their profits on.

That's right, scalping is the way forward. There is no bad time for a good trader, the market can always be used to your advantage.
Currently, the market is looking great, so you can start using your method of buying low/selling high to see those profits growing.

Scalping is a good strategy if you know what you are doing. Even if the profit per trade is not that much, but if you combine all your trades, you will still get a decent profit. However, you need to stick with the simple rule in trading, because if you mistakenly sell below your buying price, your profits will be gone easy. So even if we are in the bullish run, you can still gain from this market. That 1k increase in a day for example, will give you profit already.

The best bet is scalping as you rightly said, he should use a timeframe of 1or 4 hour and trade off any pull back with the aid of an indicator which can indicate oversold and overbought zones with diligence and precision the OP can by low and sell which can be done repeatedly to earn some decent profits however it is advisable to buy low always due to extremely bullish run of the market.

Shasha80

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The basis of trading is selling coins at a higher price than the price when buying coins, so that is what we use when the price of Bitcoin is high now.
For example, the current Bitcoin price is $ 34,500 waiting for the price to fall. My advice is to wait until the Bitcoin price is at $ 30,000. If Bitcoin have touched the price of $ 30,000 you can buy Bitcoin according to your financial ability, but remember to use only 30% of the capital you have to buy
Bitcoin.

To anticipate if the Bitcoin price falls below the price we buy, so we can buy Bitcoin again at a lower price. And after that wait until Bitcoin rises above
the price when we buy Bitcoin, suppose Bitcoin goes back up to a price of $ 34,000 you can sell it directly. Because you bought Bitcoin at $ 30,000.
I trade like that nowadays, and can make a sizable profit if I repeat this strategy.

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