In my first bull run, I lost 90% of my net worth because I was stupid and didn’t take profits…
A lot of people can tell you when to buy, but no one can tell you when to sell. I spent months researching how to sell crypto at the highest price.
Every crypto bull run tends to follow the same pattern: 99% of people either lose everything or simply leave the market at breakeven.
The reason this happens is that the crypto market is a classic example of human emotions, driven by fear, greed, and our “dear” friend FOMO.
While it is impossible to accurately predict every move in crypto, having a thorough understanding of the market structure and a few rules can help you take profits and close your positions at the best time.
Today, we will dive into the following topics:
Market Cycle Model
When to Sell BTC/ETH/Altcoins/Memes
Important Rules to Remember
How Market Cycles Work:
Like any other asset, BTC’s price moves in a specific pattern.
This cycle repeats itself due to human emotions, especially FOMO.
The chart below illustrates the emotions that traders experience at different time intervals.
While there may be slight changes in each marker, the underlying sentiment remains consistent.
Here is an example – a market cycle model in the 2021 bull run. To maximize profits, it is crucial to invest in alternative assets during the depression phase. Remember: “When there is blood in the streets, buy, even if it is your own blood.”
It is crucial to recognize when altcoins start to really surge.
During the bullish phase of altcoins, you may gain 100x more than BTC or ETH because their potential for gains is not only 2x, but 1000x.
You may know how the market and the world works, but if you don’t have a system, you can’t manage your emotions…
You will be punished!
Check out my list of rules that helped me sell near ATH prices and make consistent profits:
1. Treat market profits as your salary, not lottery wins.
Respect your money.
Don’t treat it like you are throwing money around in Vegas or some strip club.
There is no get-rich-quick scheme. Only slow and steady wins the race.
2. Buy on expectations, sell on news.
Don’t be the person who shows up after the party is over. When the news breaks, it’s time to sell, not to buy.
By buying later, you are only satisfying the needs of those who bought earlier and are now laughing in their new Lamborghinis.
3. If you don’t already own the token, would you buy it from your portfolio immediately?
As humans, we don’t like to lose or realize that our investments are bad, even if they are really bad.
We often come up with countless reasons to explain why we hold a particular token.
If you simply ask yourself this question, you may be surprised at the amount of junk assets in your portfolio.