Re: When crypto spikes, exit the market
by on 16/11/2025, 09:50:36 UTC
Whatever you might be trading, bitcoin or memecoins, when the market spikes take it as a sign to leave not to enter the market. That should be the time where you know you have an edge over other traders because you were able to take advantage of when the market spiked. You were exactly where you were supposed to be. That is before the spike not after it.
Remember, Early birds get the worms.
Trading is very difficult than this but you are not wrong if you are talking about most altcoins. You will see altcoins grow 10 to 20x, which is a good exit point and you will see them failing after a day of their longest green candle. I completely agree with you.Remember, Early birds get the worms.
But there can be some exceptions like bitcoin as it is more complicated, and what ZEC is doing right now, and probably what Dash may be doing.
In what direction? We can have these market spike to the bearish or bullish side, so what would be the direction to exit the market when you spot a spike? Having this kind of mindset as a trader would ruin your discipline and over time you find yourself in losses. You might think it's a good thing to exit early just because the market wasn't favourable but it's not. You have to be abel to stay strong as a trader, no matter what direction the market is heading. Once you have your confluence you let your trade play out regardless of the outcome. Trading was never meant to be easy, but if you build a wrong mindset it would make it more difficult for you...
That might be a spike in the upwards direction just because of the sentence "Early birds get the worms."