What a year we’re having for Bitcoin, right? If you’ve been reading my insights for a while, you’ve probably read my thoughts on technical analysis in the crypto world… if, like me, you were saving in Bitcoin when it was under $50,000, you’re now up around 50% in profit (as shown on my chart)…
Maybe you’re wondering if now is the time to sell… well, that’s the million-dollar question. Are you going to sell so others can buy now? Will people buy at Bitcoin’s new all-time high?
Personally, and this is NOT financial advice, if you’re thinking about selling, it would make sense (as long as you entered Bitcoin below $50K)—see my shared chart.
If you have some experience with Binance’s advanced trading tools, you could use a trailing stop order to try and capitalize on volatility, exiting the market at a better price. Or, personally, I prefer OCO orders.
Whichever sell order you use, you’d be selling. Selling Bitcoin? This isn’t for Bitcoin MAXIs—here, we make money through trading… Bitcoin is an asset; if it’s bearing fruit, it’s time to harvest. If you don’t think it’s time to harvest yet, that’s fine… it’s your personal take, an emotional feeling… Here, I’m sharing cold ideas, far from emotions!
What if it’s not the right time to sell? Objectively, I published yesterday what technical analysis could project about BTC in periods of high volatility like we’re seeing now. Plus, with Trump being pro-crypto, it could suggest that the current price range (close to $70,000) might become a “floor” for Bitcoin. However, this requires “technical confirmations”—that is, analysts need to see Bitcoin retest the floor and confirm it. I’m sharing all this without those confirmations, so we’d just be speculating on whether $70K is truly the floor. As of now, while I write this, there’s no data to confirm this… so… what’s your decision going to be?
Will you sell and lock in profits… or let your investment sit, waiting for Bitcoin to keep climbing?