My Bitcoin and Alts Cash Out Plan for next 6 months (Till Dec 2021 )
This article will serve as a reminder to myself, therefore I’m speaking to myself.
If there is any change in the plan, I should and will update this article because this is going to be my solid Road Map if everything falls in place.
Reminder to myself
- The price of the Bitcoin decides where the market is headed.
- Altcoins follow Bitcoin’s price trajectory.
- Not all Alts will pump at the same time, but most of the coins will catch up eventually
- Within the Bull run, there shall be corrections, taking off some profits before such correction will always help us to buy more on the dip.
- Timing the market esp. before the correction may not be possible all the time, but using few indicators, we can time with some close proximity
- The goal is to make money as much as possible.
Bitcoin Cash out plan
Please watch Chico Crypto’s video to understand it. Good stuff there.
Watch it by clicking here
Altcoin Cash out plan
Telling to myself ,
Bitcoin reached 64k real fast and the correction was inevitable.
Few Technical Indicators I would be looking at during Bull Run for Minor Cash outs
Pi Cycle Top Indicator
Historically speaking, this indicator is not accurate in predicting bull run top however , we can use this indicator to cash-out the profits on ALTS
My Analysis below
In the above snippet ( 2013–14 ) , considering the timeline between start and end of the bull run.
The cross pointed out by Green Arrow (1) , if cashed out some profits in here , the liquidity will help buy dips all through the consolidation phase represented by Orange Arrow (2)
It is the same with regards to the next two crosses pointed out by Green Arrow (3) and Orange Arrow (4)
Keep in mind
- The bull run is complete for that cycle at Green Arrow (3) , it was the confirmed top complimented by other indicators , in such case , no need to accumulate at Orange Arrow (4), instead , wait for the later part of the Bear Market to accumulate
- Pi Cycle top indicator , will be used only to know the top and Cash out the profits , this will not and should not be used to accumulate.
2017 Bull Run Example
2020 Bull Run Example
2.Relative Unrealized Profit/Loss
Fear and greed index
My Analysis below
To be blunt, we can’t time the market with accuracy, but we can be close enough.
Looking at the charts above, the three bull runs, any time the relative index ( Redline ) above 70 % is a call to take some profits.
3.CBBI Indicator
Whenever the CBBI Score is greater than 68 CBBI, there has been a decent drop in the price of the Bitcoin and this has been accurately summed by CBBI
CBBI Score will be my another best indictor to see the market movement and to make decisions
Alts follow Bitcoin, and the CBBI score represents different aspects of Bitcoin, hence I will have enough time to analyze and make appropriate decisions on my ALTS.
Conclusion
I personally believe that we are in the middle of the bull run and one last HOORAH !!! is around the corner.
Remember, there is none who got Rekt by taking Profits.
Stay Bullish.
Author: Eth!c@l Aka Kumar
Email : IfWorldGoneCrypto@gmail.com
Telegram : https://t.me/IfWorldGoneCrypto
Peer Reviewed : Stinky Linky
PS: This is neither a Paid Article nor Financial Advice. What has been documented are the findings from my own research out of passion in this space which is Crypto
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