Here’s how to exit the bull run this year!
Everyone knows how to get in – but where do you get out?
It’s become glaring by the day that we’re about to go full alt season mode!
ETH is about to break its ATH (All-time high) and this will trigger a lot of altcoins to move hard.
Pretty much everyone in crypto (who is doing the right things) knows they’re going to make money, but the burning question remains the exit plan.
When are you going to sell? You don’t want to sell too early and miss out on the big gains. And you don’t want to sell too late like those who saw all their gains washed away in 2017.
We’re going to have drawdowns that’ll weed a lot of people out only to see the alts market cap go 1000% more.
So here’s what you need to do:
First, accept that you do not know the top! Actually, no one does. Some technical indicators will become irrelevant – so things like overbought will make no sense – for an extended period.
Have some bags where you steadily take profit for trade purposes (don’t HODL away all your gains). The market will retrace and you can buy back lower.
Put away your gains safely and be cautious about spending (bears will be back someday). You can use some of it to compound while the bulls remain.
You’ll never sell the exact top – so sell some for profits along the way. Accept the fact that you’ll give away some gains (everyone will). But you don’t want to give away too much.
Keep an eye on the altcoin market cap dominance for when it matches at least half the height from the last bull run.
20-30% drops are common in bullruns (people need to take profit); but when you start to see 50% drops, it’s time to exit the market completely!
We should have all summer for the bulls. for now, enjoy the fun.
I hope that we’re all able to change our lives this season. Cheers!
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