Post
Topic
Board Speculation
Re: How do Bitcoin traders know when it's the best moment to sell?
by
coolcoinz
on 05/03/2017, 17:22:00 UTC
It's a gamble. Nobody can say for sure when it's the best moment to sell.
Experienced traders know and it's very simple. They pick many price points at once and set up multiple small short or long positions. Some of them are set up using bots that will automatically buy or sell when price hits desired point. This is one of the reasons when price starts dropping it goes down by 5% it starts falling rapidly like a domino. The bots with their auto short get triggered and dump one by one.