Over the past few years many investors have not taken profits off the table when the price dips (crashes). The great pullback in 2018 left many wondering if they will see profits again or if at all. Now that 2021 has seen the return of a massive bull run many investors are watching their portfolios and wondering. When should I sell?
With no plan to sell you are basically admitting that you don't know or don't care. Its more than likely that most investors want to sell but need someone or something to prompt them. Selling after the peak has many feeling they have simply lost our or missed a big opportunity.
There are many youtubers who analyze the crypto space on a weekly and even daily event. One vlogger that has a useful way of tracking the crypto trend is "Colin Talks Crypto". He has a very useful take on the crypto space but what is more interesting is his latest video on when to sell seen here https://www.youtube.com/watch?v=m_Ip3WGwiAc
On this he talks through his own strategy on when he will be selling and has created his own tool for others to use called the CBBI index. This tracks multiple signals and gives a percentage of where we are in the bull run. This can be found here https://colintalkscrypto.com/cbbi/
All of the advice is his but in this case having a plan to take profit is better than having no plan at all.
Happy trading!