In order to make money as a trader, it's just as important to pull big wins as it is to pare losses. Because you're going to lose. The trick is to win so big that it eats multiple losses. You can only do this if you have sell price targets to the upside.
Don't let emotion take over your bull run strategy. There are a few targets we should all be looking at so that we don't sell too early.
Bitcoin will break through $40k before any significant pullback. All of the fake ass shills like Ivan on Tech are preaching caution even at the same time that they talk about the disconnection of fundamentals. This is them just trying to cover their asses. Real market technicians like Lisa N. Edwards aren't afraid to call a bull a bull because they actually base their analysis on solid theory. The real technicians understand that bitcoin must make the uptrends of the last wave look small. Institutional buyers will also not let the price of bitcoin fall into any territory where they will have to report a loss. They have the powder to buy up all dips, and they will.
With institutions still buying into the low $30k range, there is no way bitcoin faces any major drop until it rises to a point where that drop still keeps those institutions mostly in profit. That means a move up to $40k so that you can have a 30-40% major correction and still end up at $30k.
Ethereum will move through its all time highs. There is much more general knowledge about Ethereum than in 2017, and bitcoin has already shown that it can make new all time highs. With more retail and institutional interest in the silver of crypto, I'm not selling anything until Ethereum hits $1900. To me, that signals the start of alt season. Everything else is just a run up.
Strong alts with use cases, especially defi, must move into new price discovery. Stuff like Chainlink, Matic, Aave, Dot, Synthetix, etc. must move into new price discovery after Ethereum hits all time highs. There is no use selling these alts at any price under what they hit during the mini-alt bull run of August 2020. That was just the experimental defi phase. Today, defi is a growing monster with security features and expanding opportunities. Stronger protocols deserve to be priced higher.
Bitcoin and alts will move in waves. Until bitcoin moves into $40k territory, no one needs to worry about any pullbacks in alts. Asia and America play a juggling act with bitcoin and alts. America, the stupid side of the world, is just finding out about bitcoin. Asia is already into the alts. So when American markets wake up, they pump bitcoin. When Asia wakes up, they pump alts.
You'll see more flash drops. An ultra bullish market brings idiots that think they can go 100X leverage, but this wave is also bringing institutions who know how to stop hunt and destroy these idiots. So you'll see more wicks that look like scam wicks. If you have any extra powder, you might consider putting in buy orders around 15% down of the current price on bitcoin and ether to take advantage of these stop hunts and leverage liquidations.
All of this is totally financial advice, because I'm totally an Ultra Mythic pH.d from Harvard Finance with my Series 7 certification and a $100M portfolio.
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Always remember:
Burgerswap Bridge will steal your crypto
Deus.Finance is led by a psychotic wannabe despot
AllianceBlock is a shit project
All algorithmic stablecoins (Basis Cash, Mithril, Empty Set Dollar) are a SCAM
Don’t get your bitcoin from PayPal
Trade on BSC, not Ethereum
Ivan on Tech, Elliotrades and Bitboy are complete liars, and
If you are always losing money trading crypto, read here.
