this has worked for me in forext markets, and am sure it can work with the bitcoin
Repeat after me:
Bitcoin is NOT a stock.
Bitcoin is NOT forex.
Here is what will happen:
1. Bitcoin will get to $700
2. You will sell
3. Bitcoin will go to da moon ($2500-$5000)
4. You miss it because you sold at $700
Buy and HODL.
Don't say we didn't warn you.