Best taking profit techniques to maximize gains out of the upcoming blow-off top

[SquallLeonhart]

I'm planning to follow what's left of the bull run with a ATR based trailing stop.

I heard some traders prefer to sell a % of their bags based of the % in the price increase.

Anyway, what's your plan for the upcoming weeks and months? 

The part about selling % based on the price changes is definitely something everyone should do, it is the correct way to invest. Of course, there are chances when people actually invest into something that is horrible and goes to zero, yes at the top that is a rare situation but BCH was nearly a second ranked coin for a while, even if not it was in top 10 for a long time, now it is 15th, which shows you that coins do go down in the list, and BSV?

That was top 10 when created and stayed in top 10 for a very long time, probably over a year, and now it is not even top 50. Aside from those type of situations, if you do exactly what you say, buy certain % when it drops and sell certain % it goes up then you will get to profit from that.

[tvplus006]

The final decision will depend on which one. the price on the market is moving sideways. And if it is a bull market, then it is necessary to shift all the profit to the purchase of bitcoin and, accordingly, vice versa, in a bear market, the profit is fixed in stablecoins. Currently, I will buy BTC if the price drops even more from the current one.

Man, I haven't heard any news from you for a long time)) I'm just wondering what price range would be acceptable for you? Looking at the current situation and the Fear and Greed Index, I have the impression that very soon we will see a price of $36,000 per BTC. In addition, recently I read what seemed to me a couple of reasonable articles, which described the hypothetical behavior of Bitcoin and the reaction of the S&P 500 (or rather the opposite). But the bottom line was that the Stock Market and the S&P 500 are significantly overvalued, and if you look at the chart, it will be obvious that the market needs a strong correction.

It is quite possible that the price will drop to 36 thousand dollars, but my opinion is that below 42,000 there will be no opportunity to buy back BTC in the current cycle. But at the moment, we should consider local prices for trading, in which the price of BTC will rise to 48 thousand dollars.

[Silberman]

I have sold the top many times and to be honest,  it had been mere coincidence that I was able to do so.  But when you are trading actively,  you should not wait for concidence,  you should have plan of selling upward incrementally, so that you are not caught unaware when there is a sudden drop in price!  This technique will maximize gain and protect against your profit been eroded and your capital!

And quite honestly this is the truth for the majority of those that sell at the top, after all if you see the indicators before the price begins to crash they indicate that the price could keep going up and there was a decent chance that was going to be the case, however we know that the higher the price of something goes and the more quickly this happens the greater the chances that we eventually see a crash, so people began to get nervous and some sold before the top, others did so after the top and only a few can do so at the top.

[icopress]

[...]

It seems to me that you are very optimistic, if only because I am used to the fact that if there is one breakdown of resistance, it is immediately followed by the next one, as they say in Russian "cлoвил oднo днo, лoви втopoe".In addition, the price of bitcoin in the past few days has been in a narrow range of $ 47,000- $ 48,000, which can be a precursor to either a peak or a collapse (but looking at a side candlestick, an uptrend seems unlikely). ^{[I hope I'm wrong]}

[palle11]

[...]

It seems to me that you are very optimistic, if only because I am used to the fact that if there is one breakdown of resistance, it is immediately followed by the next one, as they say in Russian "cлoвил oднo днo, лoви втopoe".In addition, the price of bitcoin in the past few days has been in a narrow range of $ 47,000- $ 48,000, which can be a precursor to either a peak or a collapse (but looking at a side candlestick, an uptrend seems unlikely). ^{[I hope I'm wrong]}

I don't think that uptrend is not unlikely when looking and analysing the same candle you refer to. This is what makes trading interesting. By the hour time and even towards move will show that the bull is preparing again to get us crossing $50k. The higher time like 4hours, weekly etc have the outlook for bull.

[tvplus006]

[...]

It seems to me that you are very optimistic, if only because I am used to the fact that if there is one breakdown of resistance, it is immediately followed by the next one, as they say in Russian "cлoвил oднo днo, лoви втopoe".In addition, the price of bitcoin in the past few days has been in a narrow range of $ 47,000- $ 48,000, which can be a precursor to either a peak or a collapse (but looking at a side candlestick, an uptrend seems unlikely). ^{[I hope I'm wrong]}

The first part of my forecast is fulfilled, the price of BTC has increased from 45 thousand dollars to 48k. Currently, I have a short open and I will carefully monitor the level from which a reversal may occur. But I still hope that we will not see the price for bitcoin below 42 thousand dollars.

[Tashana]

Taking profit is too difficult. A very powerful market analyst said that it takes two years to learn to buy and five years to learn to sell.
It is that avoiding in fear is a quick decision, but it is difficult to make a decision in the time of desire and greedy enjoyment.