So BTC is up - What's your move ?

in #bitcoins5 years ago


It seems like a great week for cryptos and at this current point of time of this writing, BTCs seems to be on its bull run.

Its great and all however what have you done to take advantage of markets like this ? Or in actual fact, what have you done ?

Normally to prep and maximize on BULL runs are to tame the BEAR markets and did you know over the past 8 - 12 weeks when BTC was just tanking vs the USD there was a very noticeable pattern in trade.

Its normally early of the week markets will dip and start to rise once more towards the weekend. As weeks goes by, the market starts to dip earlier and earlier.

I can't really explain this as I'm no "trade" expert and will never ever claim to be one . These were the times where many traders were taking advantage of the predictable market trends to grow their BTCs.

One of the chat groups that I'm in pushed their USD100 to close to 10 folds just by riding the waves. The whole idea is not to focus on the $$$ but focus on increasing the volume of your BTCs. So we do lookout for trades vs altcoins as well since the yield can go crazy at times.

Trading is actually fun however there are no shortcuts ... you gain on some days and you just need to tank on others. The idea is not to be greedy.

There are so many people currently trading bitcoins and the image above was shared awhile ago .. I'm not 100% sure if the data is still valid however that gives you an idea as to how many people are actually trading cryptos.

Back to the question !

What's your move ? The price of BTCs are up .... what would you be doing to take advantage of this bull market. Indication states that its pushing for $7500 however i'm anticipating for a slightly higher target.

There are lots of questions in any traders head but most of it sums up to , is this bull run sustainable ?

I do use a tool which keeps me updated with all the happenings and news that goes around 24/7 . You should check it out and see if this app works for you. Here is my link if you are thinking of downloading it. Its one really handy app ... https://bi.city/s/Vqtff2

For me, I've got my expected price to sell and then dump most of the profits into STEEM where the rest would be reinvested into my daily trades.

What about you ?

Have a great weekend everyone !



Posted from my blog with SteemPress : http://steemitup.club/so-btc-is-up-whats-your-move/
Sort:  

Waiting to reduce my loss

At first it was lower but continue to buy till 18 000 =) It is ok for me 12000 to reduce them

Thank you so much for participating in the Partiko Delegation Plan Round 1! We really appreciate your support! As part of the delegation benefits, we just gave you a 3.00% upvote! Together, let’s change the world!

@bitrocker2020 nice post. @bidesign Bitcoin moving up very quickly specially after $6000 is there any chance to fall back? Or it continues upward

Posted using Partiko Android

well .. all signs shows of a slow and steady bull run .. however i do foresee a significant dip most likely towards early june

It is hard to predict it. I can just hope for now. It will go to 10000 in 3 months and will stop there 1-2 months i think. Than if not go up it will go down. How i can say this? Personal observation on charts. But it is un predictible. Tomorrow will fall back to 4000 We do not know

Cryptocurrency: Most Exiciting Open Global Gambling

Posted using Partiko iOS

While BTC is surging and Steem has really yet to respond, now would be a great time to take some BTC off the table and roll into Steem... but I'm not going to do that... I'm pretty much going to do nothing and see what happens.

I'm just not that excited about trading to be honest... so I just cost average in to BTC, ETH, etc while prices are low, stop while prices are trending upwards and then get back to it when they dip...

I’m just going to keep putting my efforts into Steem 😊

Posted using Partiko iOS

Hi @bitrocker2020!

Your post was upvoted by @steem-ua, new Steem dApp, using UserAuthority for algorithmic post curation!
Your UA account score is currently 5.531 which ranks you at #622 across all Steem accounts.
Your rank has dropped 2 places in the last three days (old rank 620).

In our last Algorithmic Curation Round, consisting of 234 contributions, your post is ranked at #12.

Evaluation of your UA score:
  • You've built up a nice network.
  • The readers appreciate your great work!
  • Great user engagement! You rock!

Feel free to join our @steem-ua Discord server

Coin Marketplace

STEEM 0.35
TRX 0.12
JST 0.040
BTC 70753.86
ETH 3589.34
USDT 1.00
SBD 4.75