sell now or you WILL regret it - page 4.

Quidat

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Quote from: Stedsm on September 08, 2020, 06:04:13 PM

Quote from: Stedsm on September 07, 2020, 05:06:14 PM

Least was 9825 and today it was 9875 so if we take a break even point of these two which will be 9850, it looks crucial to me and if this breaks down, the double bottom pattern will fade and this will go below 9k and probably reach 8700 in order to create a new lower low for this week/month.

Just for everyone's info, please check today's low over Binance, it played out exactly as predicted and reached 9850 but didn't break below it and bounced back with a superb $350 surge in price taking it above $10200 (if you see 1h chart). I believe we're still under too much pressure at this point and I'd avoid leveraging any position and would rather watch the markets as BTC is playing out near its major support and I don't think that leveraging a long position would be in our favor ATM. I'm not asking anyone to sell, but just beware of these levels.

Im currently holding as of this moment and tend not to trade (leverage) i do have the same views just like yours that we are indeed on too much pressure. We might or might able to break that big support if it would
be retested out once again since the price is playing on 5 digit price level and would likely or not just too far for it to be considered.Its just stressful nor just too risky to make out positions at the moment
but if someone can really took the risk then go ahead but just like yours its better to be on observation mode and wait up for the right opportunity.

Stedsm

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Quote from: Stedsm on September 07, 2020, 05:06:14 PM

Least was 9825 and today it was 9875 so if we take a break even point of these two which will be 9850, it looks crucial to me and if this breaks down, the double bottom pattern will fade and this will go below 9k and probably reach 8700 in order to create a new lower low for this week/month.

Just for everyone's info, please check today's low over Binance, it played out exactly as predicted and reached 9850 but didn't break below it and bounced back with a superb $350 surge in price taking it above $10200 (if you see 1h chart). I believe we're still under too much pressure at this point and I'd avoid leveraging any position and would rather watch the markets as BTC is playing out near its major support and I don't think that leveraging a long position would be in our favor ATM. I'm not asking anyone to sell, but just beware of these levels.

CryptopreneurBrainboss

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Quote from: Forgotoldaccount on September 03, 2020, 05:26:33 AM

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

If I'm not mistaking, I think over the past years (based on findings) it has been more profitable just holding bitcoin. Which means ignoring all the market crash and temptation of taking profit in the bullruns. This scenario isn't any different as in months coming anyone who's stupid enough to sell now would regret massively as news highs are in their way. Technically the hypes aren't over yet, the pandemic either isn't having any effect on how people preview the market.

Everything is working great for bitcoin and not forgetting it just completed its halving of block reward few months back meaning there are rooms for growth. In situations like this you should do nothing, seat back and watch those with the balls play with market.

bakasabo

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Quote from: ScamViruS on September 08, 2020, 01:06:21 PM

I am a longterm Bitcoin holder, I will have no regrets if the bitcoin price crashes again. Because I'm confident about the future of Bitcoin, I don't see shortterm change. So I prefer to think about the future of Bitcoin. Whales try to get people like me interested in trading.

Depends on how much Bitcoin you have, how you get them and at what price. If you bought some when the price was $4-5k, than current drop for you is not a big deal. Not a big deal if you spent $100 on bitcoin. But if you bought them for $100k at the price of 11,500 per bitcoin, then you would be in a worry

Other thing is in what "future of Bitcoin" you are confident in? That it will be used everywhere and it will substitute fiat money? Or that its price will higher than this year ATH or historical ATH?

Rosilito

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Quote from: plvbob0070 on September 08, 2020, 10:25:24 AM

Quote from: LogitechMouse on September 08, 2020, 06:55:37 AM

I will not feel any regret and I will not sell. I'll feel more regret if I sell all of my holdings right now.

I also feel the same way because it still has a chance to recover and that's why I prefer to hold it than to sell it. I have never thought of selling my holdings because I have faith in the cryptocurrency that I'm currently holding. Besides, it still has a chance to recover even if the price is falling since the market has always been like that. I think op is just trying to give advice (though I just read this thread now and it's already at the 10,131$) but I don't wanna get swayed because as long as I can handle how the market is moving, then I will just keep holding.

The same goes with me Grin

. And definitely agree though, dunno why the others need to panic as this situation is pretty much given in this industry Undecided

. Well anyway, if you don't have anything you would put your money into; materials or stuff going to buy, or any expenses or whatsoever is that then just let it (BTC) be there, 'cause why would you trouble yourself for no reason?. Anyway I appreciate the OP's concern, however there isn't much to worry about right now, tbh.

ScamViruS

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Quote from: LUCKMCFLY on September 07, 2020, 04:41:25 PM

Do not get carried away by emotions, it is not known if the price falls further, it may be gaining strength to implode in a good streak of bullish trend, sometimes I think that the same whales call to sell to eliminate the offer and they make of more bitcoin and keep buying cheap taking advantage of fear or unfounded fear.

I am a longterm Bitcoin holder, I will have no regrets if the bitcoin price crashes again. Because I'm confident about the future of Bitcoin, I don't see shortterm change. So I prefer to think about the future of Bitcoin. Whales try to get people like me interested in trading.

One of the main reasons for panic in the market they share lot of news. Whales always want to increase their holdings so they create panic in the market with different news at different times and buy bitcoin from retail traders at lower prices.

justdimin

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Quote from: Reatim on September 07, 2020, 04:25:21 AM

Quote from: whyrqa on September 03, 2020, 10:10:59 AM

It seems to me that in any case, there is no need to expect a decline in prices. I believe the big whales are not only worried about their earnings, but they will be very confident in protecting their assets. And this means that Bitcoin in any case will have support from investors, attracting more and more investments in order to prevent the depreciation of Bitcoin, if, of course, some situation occurs in the market. Therefore, Bitcoin will have very good results in the market anyway.

But whales are the players,they are the one who is responsible in shaking the market prices mate.
This is what i believe is true,Imagine how much Bitcoin they have in hand?
it is easy for them to Join together and make single decision to bring the market down and also they can make it up.
though this is not proven but this is the scenario that comes to my mind talking about whales.
Anyway what happens now is that Bitcoin has a strong support at $10k level meaning we are only waiting for spike to make it up again.

Whales are not as big of a deal as everyone makes it out to be. They are surely richer than us and that means when they make a movement they could definitely make a bigger noise than we could ever make however the reality is we are not really that much effected by it at all. Sure if there is a big big news about someone selling 30k bitcoin that could make a change but we are talking about whales, plural, which sounds like whales are playing a different game than we do.

You could buy at the same prices they buy and you could sell at the same prices they sell, this is not wall street, everyone is welcomed here, which means you could make same exact moves they make and nobody can stop you, meaning you could make profit from the same things if you want to profit from them, it is not an exclusive club.

buwaytress

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Quote from: LogitechMouse on September 08, 2020, 06:55:37 AM

I've seen many optimistic people here in the forum already. I want to see users like you that are very pessimistic as of this moment

.
You are helping us to prevent from losing money so you are saying to us to sell it??

I don't care about what you are saying right now. I don't care though even the price will go down further and that is better than buying it at the top Tongue

. Speak all you want, I will not feel any regret and I will not sell. I'll feel more regret if I sell all of my holdings right now.

Amen brother. I was sorely disappointed by just how stubbornly people clinged on to hope in 2018/19, and you can imagine how let down I was this year when people started cheering and putting the flags out again for Bitcoin.

Don't get me wrong, inside I'm happy and all that but I'm in for the long game. And the more I see the optimism, the more I think my gratification will be delayed=p

Why can't weak hands just completely exit, right? =D

Oceat

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It's not bad to sell some when you know you bought some during the bearish market but it's bad to sell when you know you are at loss. This is the only regret that you guys don't want to happen so think it thoroughly if you really have to sell now because AFAIK the bull run is just around the corner. Maybe it would happen this end of the year or maybe next year, who knows?

plvbob0070

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Quote from: LogitechMouse on September 08, 2020, 06:55:37 AM

I will not feel any regret and I will not sell. I'll feel more regret if I sell all of my holdings right now.

I also feel the same way because it still has a chance to recover and that's why I prefer to hold it than to sell it. I have never thought of selling my holdings because I have faith in the cryptocurrency that I'm currently holding. Besides, it still has a chance to recover even if the price is falling since the market has always been like that. I think op is just trying to give advice (though I just read this thread now and it's already at the 10,131$) but I don't wanna get swayed because as long as I can handle how the market is moving, then I will just keep holding.

LogitechMouse

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I've seen many optimistic people here in the forum already. I want to see users like you that are very pessimistic as of this moment

.
You are helping us to prevent from losing money so you are saying to us to sell it??

I don't care about what you are saying right now. I don't care though even the price will go down further and that is better than buying it at the top Tongue

. Speak all you want, I will not feel any regret and I will not sell. I'll feel more regret if I sell all of my holdings right now.

carlisle1

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Quote from: Forgotoldaccount on September 03, 2020, 05:26:33 AM

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

You are great in prediction because just hours after posting this Bitcoin drops down to $10k level and i am late reading this lol,i have at least sold my Bitcoin at $11,300 to buy at $10,100 after two days.
Sometimes there are some thread that sounds like FUD but becomes truth after .

Quote from: ?? on ??

This is something that usually happens, take a look at the past few years. bitcoin price dropped drastically but after bouncing, it will occupy the highest peak. If you understand that, you will definitely think about not leaving bitcoin by selling all the assets that you currently have.

actually the best example is what had happened last 1st quarter when in March bitcoin fell the lowest price for how many years in just 24 hours cycle.
things that we never ever felt could happen but it does.
and after some months then become this high again staying in 5 digits value.

STT

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Heres your bounce scenario, its above the 2 day average which is good positive short term momentum but I think further out we need to be watching 10475 for a pivot to positive or negative action. Theres other considerations but this lower price action as a range, probably we need establish that price as the low now to confirm we have ended this pullback and not just paused.
Now that I remember 10500 was the prior ceiling in July and previous and so it again registering as still important now is fair and typically 10,000 with all the zeros is neat but not as important as an area like this. I would still guess we need to trade further downwards or confirm it better but its not profitable to ignore actual price action rather then projections and hopeful guesses.

DoublerHunter

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Quote from: Forgotoldaccount on September 03, 2020, 05:26:33 AM

We are moments away from catering below 11k and she's only going to speed up on the way down.
Seriously guys it's time to take profit

^ HODL, as long as you can. No matter how the price goes far if you have the desired profit to take and then, take it.
But I suggest to HODL for a long time if you really want to see a good profit. Bitcoin holding for how many years will always give potential profit even if you are holding this at the same time you are just like investing itself. However, the market is still good even there is a small correction and possibly after this, there will be a massive bounce-back that make the price bullish.

Stedsm

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Quote from: stomachgrowls on September 07, 2020, 04:55:30 PM

Price had touched 5 digit below price but it do bounce back to go in 10k level.As far as i remember it did plunge on 9945 and now we are currently playing on 10,150 - 10200.

Least was 9825 and today it was 9875 so if we take a break even point of these two which will be 9850, it looks crucial to me and if this breaks down, the double bottom pattern will fade and this will go below 9k and probably reach 8700 in order to create a new lower low for this week/month.

Quote

I have some feeling that we are already moving sideways this time or it would take a while for having some another great leap or breaking off some resistances specially on 11k and 12k.

This might happen on Q4 of 2020 or Q1 in 2021. No one really knows on whats next.

I saw a chart today by someone and it truly amazed me. The way that person defined the chart was so exceptional that I couldn't resist myself from believing him that BTC is yet to get down more before it gets above $12k again. He showed me the CME gap and told me that this gap needs to be filled for which BTC should crack the 9650 level down.

stomachgrowls

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Quote from: Stedsm on September 07, 2020, 03:39:06 PM

Good thing:
BTC closed its weekly above $10k.
Traders are still optimistic that bulls are in control and can keep the price under control as well.

Bad thing:
BTC has broken down an important support and is below the key level of $11500 which has once again put BTC under the risk of crashing down under $9500, $8700 and last, but not the least, $7800.

The pressure is too much by the shorts and we can only expect some magic to happen in order for the bulls to liquidate the shorts, but there's too much FUD in the markets about the recent raid that happened at Bithumb.

We dont need magic actually yet market can recover on its own without knowing the precise reason behind it even though we do see lots of fundamentals floating around.

Price had touched 5 digit below price but it do bounce back to go in 10k level.As far as i remember it did plunge on 9945 and now we are currently playing on 10,150 - 10200.

I have some feeling that we are already moving sideways this time or it would take a while for having some another great leap or breaking off some resistances specially on 11k and 12k.

This might happen on Q4 of 2020 or Q1 in 2021. No one really knows on whats next.

LUCKMCFLY

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Do not get carried away by emotions, it is not known if the price falls further, it may be gaining strength to implode in a good streak of bullish trend, sometimes I think that the same whales call to sell to eliminate the offer and they make of more bitcoin and keep buying cheap taking advantage of fear or unfounded fear.

Stedsm

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Good thing:
BTC closed its weekly above $10k.
Traders are still optimistic that bulls are in control and can keep the price under control as well.

Bad thing:
BTC has broken down an important support and is below the key level of $11500 which has once again put BTC under the risk of crashing down under $9500, $8700 and last, but not the least, $7800.

The pressure is too much by the shorts and we can only expect some magic to happen in order for the bulls to liquidate the shorts, but there's too much FUD in the markets about the recent raid that happened at Bithumb.

wxa7115

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Quote from: Savemore on September 03, 2020, 12:23:56 PM

What happened to the price of the bitcoin are only telling us that using stop loss are really important, I sold my bitcoin yesterday when it gives me a sign of weakness wherein the price reached my invalidation level. Right now there is a huge red candle appear that telling to stay away first because it is a strong candle telling that the price can go down more. I already have a plan wherein I want to get some bitcoin when the price will bounce at 61.8% fibonacci level because for me it is a strong support.

This current crash should teach many more lessons to those that currently are learning just to trade, the lesson about the stop loss is important but there are even more, as an example this should teach newbies or even experimented traders to not use leverage, to anyone not using leverage the drop we saw was important but anyone using even something as minimum as 2x leverage and no stop loss has probably incurred massive losses, and that is assuming they invested in bitcoin because if they did it in other coins they could have lost all their capital.

Another lesson to learn from this is to avoid FOMO and hype because anyone that invested in a dubious DeFi project probably lost a lot of money because of it.

bearexin

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Aren't we overreacting a bit? I mean sure bitcoin might have gone down a bit but we are talking about 10% weekly loss, that is really nothing at all, do you really believe that 10% drop in a week is something major? Something to be afraid of? Something that speaks about the future of crypto in general? I do not think that 10% means anything special, it really doesn't mean anything at all, it is just a regular movement of bitcoin and it really happens time to time so there is really nothing to make a big deal about.

I fear that price movements will not make a big deal in the future but these type of people might. There are so many people yelling fire that I am pretty sure eventually people will think there is fire and sell, when they sell it could actually cause the real fire.

Topic: sell now or you WILL regret it - page 4. (Read 1281 times)