09-03-2021, 05:28 PM
If crypto goes vertical is it best to wait for the price to come back down before bu
<!-- SC_OFF --><div class="md"><p>I've been watching a few crypto markets over the past three months. Was about to buy, but before I could the prices started shooting up crazy high. Personally, I think I'm seeing a dead cat bounce and the prices will come back to sane levels within a month. The price movement in a ton of these assets has gone vertical, and volume is starting to decrease. I think it's just hype and people diversifying their Bitcoin and Ethereum profits for other assets.</p> <p>I'm not looking for advice on my personal situation as there are other factors that will influence my buying habits in the next month to two. I just want to make sure my general sense of investing when prices go vertical is more or less sound. Basically, if I already hold the asset I should sell some of my position once the chart starts rounding, and if I don't drop a limit order around where I think the price will crash down to within a couple months. Is my thinking more or less right on vertical price movement?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Zara629"> /u/Zara629 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pgnhw2/if_crypto_goes_vertical_is_it_best_to_wait_for/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pgnhw2/if_crypto_goes_vertical_is_it_best_to_wait_for/">[comments]</a></span>Kind Regards R
<!-- SC_OFF --><div class="md"><p>I've been watching a few crypto markets over the past three months. Was about to buy, but before I could the prices started shooting up crazy high. Personally, I think I'm seeing a dead cat bounce and the prices will come back to sane levels within a month. The price movement in a ton of these assets has gone vertical, and volume is starting to decrease. I think it's just hype and people diversifying their Bitcoin and Ethereum profits for other assets.</p> <p>I'm not looking for advice on my personal situation as there are other factors that will influence my buying habits in the next month to two. I just want to make sure my general sense of investing when prices go vertical is more or less sound. Basically, if I already hold the asset I should sell some of my position once the chart starts rounding, and if I don't drop a limit order around where I think the price will crash down to within a couple months. Is my thinking more or less right on vertical price movement?</p> </div><!-- SC_ON --> submitted by <a href="https://www.reddit.com/user/Zara629"> /u/Zara629 </a> <br/> <span><a href="https://www.reddit.com/r/investing/comments/pgnhw2/if_crypto_goes_vertical_is_it_best_to_wait_for/">[link]</a></span> <span><a href="https://www.reddit.com/r/investing/comments/pgnhw2/if_crypto_goes_vertical_is_it_best_to_wait_for/">[comments]</a></span>Kind Regards R