Quote from: XCANA on Today at 11:05:13 AM

Quote from: ife2020 on January 02, 2021, 12:42:40 PM

Quote from: Shubh7668 on January 02, 2021, 07:51:25 AM

Can anyone please suggest that, how should we trade when Bitcoin or any token is above it's all time high.
At that time we don't have any charts,so we should trade with the help of indicator only.....

You need to understand what you want. trading bitcoin has nothing to do with its all time high prices or all time low prices because you trade with an aim of certain percentages profits daily. While you should never buy green candles either it is an all time high or bull price.

You're absolutely correct, trading Bitcoin doesn't have anything dealing with Bitcoin hitting All-Time-High becasue the market still be more available for profit. What i will advise is, get use to a particular strategy and execute for profit. There are chances for everyone to take profit becasue the market has now go global, as institutions now venture into investing on Bitcoin and in other cryptocurrencies, so, simply buy low and hold for long-term before sell for profit.

It is not even about being in profit or going high, if you think it is going to go low, you can even trade that. So at the end of the day direction of bitcoin doesn't matter, price of bitcoin doesn't matter, it is only traders prediction that matters, if you can predict the market, that means you can profit. For example, you think it is going to be 30k soon? Well short it then, and if you are too crazy and want to risk everything you have? Do a 100x margin for shorting it, if it reaches to 30k, that means you are going to make insane returns, but if you are wrong? You are going to lose all the bet you put in.

If you think it is going to even higher? Buy and hold, and you can sell when it goes higher. Basically all time high has nothing to do with it, it is about knowing which direction bitcoin will go since you can make a profit from every direction.