Here is the issue with your strategy. Say bitcoin does go to $100K CAD and then $110K and then $125K and then it tops and starts to enter bear market cycle.
You will only sell maybe 4-5 branches of 0.01BTC but if we end up topping and entering the bear market then you will be selling at a lower and lower price every week. Just look at the previous cycles.
My advice. Pick a price and just stick with it. If it hits $125K CAD and you are satisfied then just take profit there and be happy.
Trust me I’m in my 3rd bitcoin cycle.
I understand you and your advice is good.
To take profit, investors must identify two main things: target price and time to exit the market.
Target price is easy to set by any investor and Bitcoin can hit it or don't hit it in this cycle so the second thing is important. When will be a maximum time you wait to take profit and when will be the time you will exit the market no matter what price Bitcoin is at that time?
If Bitcoin does not hit $100,000 but time is counting down to late of 2024 and Q2 of 2025, I will exit the market. I don't wait more than Q2 2025 to exit because it will be time for the bear around the corner.