Its very difficult or impossible to tell where a bull run will end.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
Last year I assumed Bitcoin wouldn't top $10K and sold a bunch at like $9500 and it went to almost $20000.
Back in May, same situation, people assumed it would break $10K, and it would break $20K, and it went to like $9900 and went back down to a new yearly low.
You can use indicators but they are all lagging and you will get out way too late.
Best way is to just sell a little here and a little there whenever it goes up to a new daily high every few days.
But I assume that you are still on a very good profit, just move further
I agree with what you're saying, right now it's too hard to be a day-trader but that just my opinion. Better to look into longer market swings
Yeah I agree too. Day trading is just impossible footwork with bitcoin. These kinds of positions demand patience.
I wouldn't say all indicators are lagging. Momentum divergence can predict shifts, or double crossovers of a 3 period moving indicator shifted 3 ahead after a big thrust. Or fib levels.
But I would say that stronger market forces can drive bitcoin and sometimes it defies all indicators. So it requires some pretty fierce dexterity to keep a position. Or just clear profit targets.