Topic: Traders, y'all buying, selling or on the fence? - page 2. (Read 309 times)
If this is for traders then you should probably move it to Trading Discussion board because Bitcoin discussion is for general discussion. I do trade but I am still on the fence right now because I don't have enough money to buy but time will come when I get the money and I would probably put it all in.
Let the dust settle.
The price dropped to 39k and then rose back to 40k USD yesterday and today it is back to 39k USD. This means that there is both buying and selling pressures and this 40k level may end up as a future resistance level. With the two concurrent negative news, we will see a gradual dump in price and some uptrends in between. Hence my current move is to wait it out.
We dont know how the weak hands might respond and they may end up crashing it even further forgetting the fact that institutional money was the first reason why bitcoin crossed 10k USD a few months back this year.
Now that the inorganic pump has been neutralized or close to being removed, the real price levels are coming back and there might be buying opportunities in future at 30k or even lower levels. That would be the time to buy.
If you have not sold already, hold it for now too. Either way my first line should answer the situation aptly.
The price dropped to 39k and then rose back to 40k USD yesterday and today it is back to 39k USD. This means that there is both buying and selling pressures and this 40k level may end up as a future resistance level. With the two concurrent negative news, we will see a gradual dump in price and some uptrends in between. Hence my current move is to wait it out.
We dont know how the weak hands might respond and they may end up crashing it even further forgetting the fact that institutional money was the first reason why bitcoin crossed 10k USD a few months back this year.
Now that the inorganic pump has been neutralized or close to being removed, the real price levels are coming back and there might be buying opportunities in future at 30k or even lower levels. That would be the time to buy.
If you have not sold already, hold it for now too. Either way my first line should answer the situation aptly.
Recent events needs nerves of titanium! Good time to sell? Good time to buy? Wait and see...?? Where are you in this equation, and why?
*Note: Question is to traders, not HODLers.
*Note: Question is to traders, not HODLers.
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