1) Everyone is telling you to take profits in crypto but none of them are sharing how.
These are the strategies I use myself to keep my portfolio high and wealthy 👇 🧵
These are the strategies I use myself to keep my portfolio high and wealthy 👇 🧵
2) In this thread I'll be sharing 3 strategies to be utilized for both beginner and expert.
1️⃣ Beginner friendly strategy
2️⃣ Intermediate strategy
3️⃣ Advanced strategy
Each strategy depends on your time, commitment and experience but more importantly ALL of them work.
1️⃣ Beginner friendly strategy
2️⃣ Intermediate strategy
3️⃣ Advanced strategy
Each strategy depends on your time, commitment and experience but more importantly ALL of them work.
3) 1️⃣ Reverse dollar cost average
One of the most recommended and proven methods to building a portfolio is ''dollar cost average''.
Spreading your purchase into smaller pieces over a longer period to create a strong average.
Did you consider the opposite also to be true?
One of the most recommended and proven methods to building a portfolio is ''dollar cost average''.
Spreading your purchase into smaller pieces over a longer period to create a strong average.
Did you consider the opposite also to be true?
4) While timing bottoms or tops are near impossible, most people can at least tell whether we are in a bull or a bear market.
We can see when assets are dramatically rising or dropping after all.
Consider selling 5% of your portfolio every single month on the exact same day.
We can see when assets are dramatically rising or dropping after all.
Consider selling 5% of your portfolio every single month on the exact same day.
5) Often you will sell to soon, often you will sell to late but you will have the perfect average profit during an entire run.
Best of all, you don't need to be able to time the market nor do you need to stress about anything.
Relax and let the strategy do it's work.
Best of all, you don't need to be able to time the market nor do you need to stress about anything.
Relax and let the strategy do it's work.
6) 2️⃣ Fundamental triggers
If there's anything that's close to a blueprint on timing the markets it's this right here.
This is my favourite and the one I use most of all. You know what's also great? It's still not the most difficult one.
It just takes time and research.
If there's anything that's close to a blueprint on timing the markets it's this right here.
This is my favourite and the one I use most of all. You know what's also great? It's still not the most difficult one.
It just takes time and research.
7) Price heavily reacts to fundamental updates.
If there's a big update happening soon like the release of smart contracts or a product development update you can be sure price will rise in anticipation of that.
The opposite is also true.
If there's a big update happening soon like the release of smart contracts or a product development update you can be sure price will rise in anticipation of that.
The opposite is also true.
8) After the release of the update price will respond negatively and drop since most of the anticipation and hype will disappear.
It's exactly for this reason you will want to take profits of the table exactly a few days before the actual release.
It's exactly for this reason you will want to take profits of the table exactly a few days before the actual release.
9) It's still fine if you sell on the same day though. Just don't wait to long.
Want another cool trick? Buy solid projects 2-3 months before a large update.
Combined with this profit-taking strategy it will do wonders.
The project roadmap or @CoinMarketCal will help you.
Want another cool trick? Buy solid projects 2-3 months before a large update.
Combined with this profit-taking strategy it will do wonders.
The project roadmap or @CoinMarketCal will help you.
10) 3️⃣ Technical triggers
This one is for the more experienced traders out there.
There's a certain psychological element to price struggling to break previous historical price levels.
Quite often price responds to buyers and sellers activity from the past.
This one is for the more experienced traders out there.
There's a certain psychological element to price struggling to break previous historical price levels.
Quite often price responds to buyers and sellers activity from the past.
11) If you would want a visible representation on where to take profit, technical analysis could be your solution.
In my experience it's not nearly as accurate as fundamental triggers since support or resistance zones often get broken but they do work to some extent.
In my experience it's not nearly as accurate as fundamental triggers since support or resistance zones often get broken but they do work to some extent.
12) The benefit of this last strategy however is that it's a lot less time consuming than the second one.
It does take lots of practice and experience of the markets though. Take your time to learn this one first.
It does take lots of practice and experience of the markets though. Take your time to learn this one first.
14) If you want more of these, give me a follow @CryptoGirlNova.
Like/Retweet the first tweet to show support if you can 👇❤️
Like/Retweet the first tweet to show support if you can 👇❤️
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