This trading strategy in crypto sounds easy, but it's not that simple. Selling coins can be done when prices are high, that's an opportunity we can take to get a profit. And no one can really predict the bull market in the crypto market.
Well, you can also sell once you see barish signals. This is also a good approach.
Maybe for some it's simple but a beginner can't distinguish this and only his intuition can save him from this, neither losing or take profit.
I like how OP illustrate the graph however this movement is hard and rarely to be seen and sometimes can be confusing if it's the one we're waiting. And his graph is more suitable in mid to long term trading.
Most of you that look at crypto thinks that this is just a way for earning money, you will see in few years how wrong you are. You can sell when price rise, you can trade as long as you wish, but do you know what you really want? Answer is clear, most of you wish more money, and that`s the crypto problem, nobody thinks about the future and actually using crypto directly, most of you just think about making more money, fiat money to be precise. Why to sell at all if you don`t need the money? When I sell I`m doing that because I need money, or when I`m thinking that price will drop more so I will be able to buy more coins, my goal is only one, having more coins.
What's wrong in taking profit? Isn't trading is all about? We sell and take profit if we see it fit and that's how trading works, IMO. Not because we sell, we didn't think for the future, c'mon don't be ridiculous. Trading somehow made the market more organic and active and if we all just gonna hold what will be the market looks like? I know holding is also essential but it's still depend on a coin because there are coins that's more profitable when you trade them for short or mid term trading. What's the point of having more coins if you didn't gain anything? Don't get me wrong, I'm just more practical. Peace yow.
