Bitcoin (BTC) Sell Signal . . .
Not yet triggered, but currently being heavily threatened
If the price quotes coming from Coinbase (as shown on my charts provided on the Trading View platform), show a Closing price on any trading day which is less than $115,700, then the pending sell signal will be triggered.
(BTC is traded internationally 24/7, but a line set at Greenwich Mean Time (GMT) aka (UTC), is used to show the Closing price of each day.)
What I will do in response to that Sell Signal if and when it is actually triggered?
First, I will recall and consider the key reasons why I originally invested in this asset class. As major BTC investor Michael Saylor often tells us that BTC is the world’s apex asset, because it is the world’s hardest asset, which means that its supply is the most strictly limited and cannot be inflated. So, why would we ever want to sell it for fiat currency or any other asset?
Since I agree with that statement, I will always lean heavily toward buying more than selling.
So, then why would I be writing to you about a sell signal?? Because just as certain circumstances clearly indicate timely buying opportunities to add to cherished holdings, certain other circumstances can clearly indicate highly timely opportunities to trim off some winnings to re-balance your portfolio back down to your intended risk levels.
At the time of my most recent prior post on April 13, 2025 BTC was trading at prices around $80,000, and I saw a high confidence signal to either buy more or at least hold tight to current holdings at that time. Since then price has moved up significantly as anticipated to a new high above $123,000, which represented a gain of over 50% in only three months!
Now, in the 12 days since that new all-time high was made, the price has pulled back to its current level of $115,000 as I am writing this paragraph.
So is selling some now a good idea or not??? Like everything else in life, the best answer requires that it be considered relative to all other options.
More specifically, if you are 100% SURE that you will be able both economically and psychologically able to hold on through the next significant correction that appears to be now brewing, then in the long-term you my well be best served by just gritting your teeth and holding through the next correction regardless of how deep it may go.
But to the contrary, if your position is leveraged such that you could be forced to sell if prices fall far enough, then this may very well be a good time to sell enough to own your remaining position on a 100% fully paid basis. Because it would be far better to voluntarily sell a portion at $115k than to be forced to sell if and when prices fall even much lower!
Or even in the event that your position has grown so big from the appreciation (and also perhaps by adding more as the price has risen) that you are feeling a bit of nervousness about the possibility about being scared out of it at lower prices and/or losing profits, then it would also be likely to be best to sell some to reasonably reduce that nervousness, if and when the sell signal is actually triggered by a BTC close below $115,700!!
In my next post or in my forthcoming edits to this one, time permitting, I will give you all of the fundamental reasons why this correction could be a particularly long, deep and tortuous one to sit and hold through. It could get really get brutal before it gets better!!!
I really felt the need to get this out to you now, but this is all the time left for it at this point.
So until my next update or edit, I wish you all of the best in preparing to hold onto that amount which you will refuse to sell, with the very strongest of “diamond” hands!!!
Garry
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Bitcoin (BTC) Sell Signal . . . was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.