Bitcoin has recently exceeded the previous high of 69,000, and even hit a record high of 73,000. As the market becomes hot, maybe we should also decide in advance when to take profits.
In this bull market, you can use two strategies to time your exit:
The first is price-based
The second is time-based
One is not better than the other, using both will give you better results. Using just one may cause you to miss out on big things.
Below I will explain each strategy individually and then apply these strategies to examples of Bitcoin, Ethereum, and other altcoins.
Using Price as an Exit Strategy
I primarily use price-based exits for altcoins. This is because individual altcoins have their own small cycles and will not reach their peak at the same time as Bitcoin. Some rise quickly, some rise slowly.
Waiting for Bitcoin or Ethereum to peak may be a waste of time, as some altcoins have peaked before then. Therefore, keeping price in mind is key to ensuring profits. Regardless, the goal is to exit altcoins completely a few weeks after Bitcoin peaks.
Here are the key moments when you should seriously consider taking profits at these moments:
Price is close to the current all-time high
Price A rise of 5x, 10x, 20x or more from the bottom (not measured by your entry price)
What follows are instructive examples.
The candlestick charts below all represent altcoins with different momentum and targets. FLOKI is a good example of a meme coin that can grow 100x, RUNE is a solid project that can grow over 20x in this cycle, and AAVE will perform well if it reaches its current all-time high or grows around 10x very good. Use this guide to evaluate your altcoins in these three categories.
FLOKI
FLOKI has grown 65x since the bottom. If you bought at a bear market price, you should have at least withdrawn your principal.
Prices are also now close to all-time highs. It is better to take a portion of your take profit at this price and then leave a small portion of your capital to wait for a new high if it occurs. Buying here will give you exit liquidity and it's better to look for other opportunities.

RUNE
RUNE has risen 14 times since the bottom. If you haven't gotten your money back yet, you definitely should when the price approaches its all-time high of $20. RUNE is well positioned to rise further and hit new records. By then, you should have all your initial capital out and some profits. The rest you can sell after Bitcoin reaches its peak.

AAVE
AAVE is just waking up after a long period of consolidation and has risen 3x from its current bottom. Once the price reaches 5x the bottom or around $300, it’s time to gradually take profits. AAVE may reach all-time highs, but will have less momentum than RUNE or FLOKI. Don't expect a 65x growth like FLOKI here.
Just in case, keep some funds aside to wait for new all-time high levels. Once Bitcoin reaches its peak, sell it all.

Using Time as an Exit Strategy
Time means cycles, and in cryptocurrencies the currencies that set cycles It's Bitcoin. If you didn't know, Bitcoin follows its halving schedule on a four-year cycle.

For this reason, if you calculate approximately one year from January 2024 instead of April 2024, you can think that this bull market may peak in late 2024 or early 2025. Based on this, I believe that between October 2024 and March 2025 is a good time to take profits.

On this BTC chart, I highlighted in red the 2016-2017 bull market, which lasted two years , and the current bull market began in January 2023. At the time of this post, the price of BTC appears to be moving faster than the red cycle.
Interestingly, the 2017 top matches my exit time. I don't think Bitcoin will hit $1 million in 2025, but I would be pleasantly surprised if it does. Regardless, if the price ends the monthly candle under the yellow parabola, then Bitcoin will most likely peak there.
Once the price reaches our exit range, you should start selling. I recommend a DCA exit:
Sell 15% per month or 4% per week starting in October 2024. This will give you until the end of March 2025 to all opt out.
If Bitcoin and Ethereum are trading above a certain price, start selling early, especially if you are making life-changing profits.
Earlier I mentioned combining price and time to get a better exit. If for some reason Bitcoin exceeds $200,000 and Ethereum exceeds $10,000 before October 2024, I will start taking profits early. This cycle may come sooner than expected!
If this is the case, try to recover your principal and some profits. I plan to liquidate all my altcoins, Ethereum, and possibly sell some Bitcoin that I hold from my altcoin profits. Now, if I make 10x on an altcoin, I will move that profit to Bitcoin or Ethereum. I will then sell them when the price reaches my exit range or reaches the trigger price.
I may also decide not to sell any Bitcoin. The only reason to speculate at the top of Bitcoin is to buy more later. But it is risky and you may suffer losses. Never sell all your Bitcoins.
A similar prediction for Ethereum using conditions from the last bull run shows that our exit window also appears to be quite accurate. Interestingly, it also shows that Ethereum could go well above $20,000. This is an optimistic scenario, but it could become a reality if an Ethereum ETF is approved this year.

Make your exit plan now
If you want to be successful and satisfied To leave this bull market, you need an exit plan. If not, create one now. Success means you adhered to your exit plan, not reaching a specific dollar value.
Ask yourself, how much money do you want to make in this bull market? Set a goal, but make it realistic. Check out what your crypto portfolio is worth today, what is it? Then increase this value by a factor of 2 to 10. If you increase it 10 times, you may not be realistic. If you increase it by 2x you will most likely hit your target. Choose your scope and risk appetite. This is your price target.
If the target is not reached in the time period between October 2024 and March 2025, seriously consider whether your price target is realistic. I think 2025 is likely to be the year this market turns bearish, so don't delay too long once we get into next year. Profit on the way up. Exit using dollar-cost averaging.
If your goals are met and you stick to your plan, you will leave this bull market satisfied. Control your greed because as prices increase you will be tempted to change your goals. This is how long you miss your exit.
Don’t get back into the market at the end of 2025 because of FOMO. If the market tops, forget about it for one to two years. You can re-enter the market during the next bear market.
The above is the detailed content of Bitcoin breaks all-time high: How to formulate a reasonable profit-taking plan?. For more information, please follow other related articles on the PHP Chinese website!

最近大热的BRC-20 Token是基于比特币,但比特币区块链无法对其进行规则约束。制造BRC-20 Token的成本在于将文件添加到区块链中,以及未来与Token关联的UTXO的移动。 既然UTXO这么重要,今天我们就来简单介绍一下U…

去中心化网络或 Web 3.0 加密货币是推动互联网下一次迭代的数字资产。它们基于区块链技术。与 Web 2.0 的集中式平台和服务相比,Web 3.0 旨在构建一个不太集中、更加透明且以用户为中心的互联网。Web 3.0 加密货币…

目前,一枚比特币价值近 22 万人民币。对于刚入圈的新人来说,肯定很关心比特币的安全问题。 那么,比特币安全吗?换句话说, 钱包里的比特币,容易被黑客盗走吗? 01. 私钥、公钥、地址就像银行取款、网银转账需…

在快速发展的加密货币领域,加密货币开发服务领域充满了新的机会。随着加密货币的采用不断增长,对创新和强大的货币开发解决方案的需求也在不断增长。从创造新币到增强现有币,开发商、企业家和企业都面临着广泛的…

在加密世界里,钱包地址就像 “银行卡账号”、“收件地址”一样重要,任何操作都离不开它,随着Ordinals 协议的诞生,推动了比特币基于隔离见证、Taproot升级的采用,这让很多人第一次使用“bc1p”等特殊抬头的地…

随着主要Meme币的飙升,以下是一些可能是现在购买的最佳加密货币Meme币的较小替代品。 随着比特币(BTC)突破7万美元,并瞄准重新测试上周创下的纪录高点,主要Meme币继续暴涨,但随着它们的估值变得越来越庞大,…

持续的加密货币上涨主要是由比特币减半带来的兴奋推动的,比特币已经飙升至 65,000 美元以上并达到历史新高,加密货币市场的传统通配符——模因币——也几乎没有被排除在外。 事实上,过去 7 天内,多个著名的 mem…

通过钱包转账 ETH 或是ERC一20 Token时,我们知道这个转账需要付手续费。那么,转账的手续费是怎么算的呢? 如果转账的同时还去“刻字”,是不是需要收取更高的手续费呢?今天,大白就给大家聊聊 以太坊的 Gas 机…

Hot AI Tools

Undresser.AI Undress
AI-powered app for creating realistic nude photos

AI Clothes Remover
Online AI tool for removing clothes from photos.

Undress AI Tool
Undress images for free

Clothoff.io
AI clothes remover

AI Hentai Generator
Generate AI Hentai for free.

Hot Article

Hot Tools

SublimeText3 Mac version
God-level code editing software (SublimeText3)

SublimeText3 Linux new version
SublimeText3 Linux latest version

SecLists
SecLists is the ultimate security tester's companion. It is a collection of various types of lists that are frequently used during security assessments, all in one place. SecLists helps make security testing more efficient and productive by conveniently providing all the lists a security tester might need. List types include usernames, passwords, URLs, fuzzing payloads, sensitive data patterns, web shells, and more. The tester can simply pull this repository onto a new test machine and he will have access to every type of list he needs.

WebStorm Mac version
Useful JavaScript development tools

SublimeText3 English version
Recommended: Win version, supports code prompts!
