Current market conditions are a good test run as to how you are going to handle the next 6 months, when the markets heat up a lot and you start to have huge gains in $BTC
Many of us experienced very large gains from January-April. The last few months have been choppy and down and many altcoins are down at least 50% from the highs set in March.
So you probably round tripped a lot of gains. You made a lot of $ in terms of unrealized PnL and now you are seeing a lot of those gains evaporate as price goes lower, closer to your entry (or you might even have bought higher back in March).
Don't fret. You still have another opportunity at this to get it right (probably).
Markets are going to come back up later on. #Bitcoin will probably have a large Q4 run at the latest and altcoins are likely to do some decent numbers (with the way alt/btc charts look).
THIS Is the time to start scaling out.
We all could have likely realized many more profits during the March run but it's hard for many people to time these moves, myself included. I gave back plenty of profits. But that's fine, everyone works at different time frames.
When bitcoin goes up to 100k or whatever the number is later this year and alts are 2-10x their current value, that's when you can scale out. And you must learn to do it.
"This time I'll sell!"
The above statement is what every broke person says after each bull run after they hold their shitcoins to oblivion. Trust me, I've been there and I still had some old shitcoins from 2021 that I held down.
The bottom line is that you should be selling once BTC goes past all time highs on HTF charts and alts have a run. It's fine to have not sold in March; it takes good market knowledge and timing to execute this. But it should give you some ideas on how you were feeling from a euphoria standpoint and seeing your altcoins make huge gains. This past experience in March will teach you how to execute later this year, be it in Q4 or at a later date. Good luck.
