sell all your BTC as soon as you can, and then wait for sub $6k... which surely needs to be tested again.

If you are nervous that sub $6k might not be reached, buy half or more of what you had sold at sub $8k.... Sub $8k is a sure thing. Thereafter, just wait out the rest of the testing down to sub $6k.. ... only change your plan if BTC prices go above $14k, then buy back because surely BTC prices will be going up if it is able to break above $14k, but if you are not sure, wait until $16k or so before you actually buy back to be sure that the BTC prices are really going to go up.

Some people play it really safe, and they are going to be waiting until $20k or maybe a wee bit above $20k to buy back because they want to make sure that BTC is going to be able to get past its previous ATH... so there is that strategic angle, too.  You are on the right track, mike4001_.   




By the way, smart money does not sell after an 18% BTC dip (approximately, where we are at now in the lower $10ks upper $9.9ks), instead they are buying during dip prices (even lesser dips than our current one), and if the BTC price goes lower, smart money buys more.  The above suggestion is meant for dumb money like mike4001_ and his ilk to get out of BTC, and may as well get out now rather than their continuing to suffer in BTC, right?... and to facilitate their beliefs that BTC must conform to mature market analysis (in other words the belief that quite a few folks want to believe that BTC is currently in a bubble), so in that regard, they should just wait for BTC prices to drop to a sufficiently comfortable place that will show that BTC performs more like a mature asset class, and smarter money actually realizes that such BTC price drop may well not happen - especially recognizing that BTC is not a mature asset.. and there is an actual preference to almost always be preparing for UPpity.  Ultimately, dumb money, such as mike4001_ ends up buying BTC back in at $17k (right before BTC prices drop to $13k and they sell again for another loss), and they are never endingly selling BTC at the bottom and buying the top while complaining that BTC is too volatile, manipulated, and way too unpredictable.. because "in theory" it should be trending down.... blah blah blah.  At some point, such dumb money might learn, but maybe they need to be humbled a bit, and we might see them back and having had become educated and humbled in a few years, perhaps?