Bitcoin is unstoppable. It feels like it will continue to rise forever. But nothing is further from the truth. The music will stop playing, and crypto will come down again. This may not be the end of the crypto bull run, on the conrary, but you don’t want to be looking at 200 or 500 pct unrealized profits one week, and 20 or 50 pct a few weeks later. We continue to be bullish on crypto as per our cryptocurrency predictions for 2021, but we also want to protect downside from whenever Bitcoin is going to turn lower as per our 10 Cryptocurrency Investing Insights.
Bitcoin’s weekly chart is breath taking. And it looks like it wants to move even higher.
Clearly, BTC is going through a parabolic rise now. And if there is one thing we know from history books it is that most profits are realized during the parabolic phase of a bull run.
What we also do know from history books though is this:
- Most investors get into a market during the parabolic run.
- Most investors are so focused on the upside …
- … that they forget to take care of their downside protection.
- And most investors tend to get stuck with their coins or stocks because they miss the exit.
We are crypto bulls, but no perma bulls nor perma bears.
We are realistic, and we have learnt from history books and from our own mistakes.
If anything, BTC and the crypto market feels incredibly good right now if you are invested in it. It also feels incredibly good if you are entering right now.
But don’t forget to take profits in time. Don’t forget the exit. As the music will stop playing at a certain point in time. Maybe not tomorrow, maybe not the day after … but in a few weeks probably, where the million dollar question is ‘how many weeks exactly’.
The other major question: how exactly to exit.
We have one long term BTC chart that has two upside targets, one is rather immediate and the other one is much higher.
We provide guidance in our premium crypto service on both questions. In fact, on Thursday 02.18 we explained in great detail how to exit with less stress. Hint: it’s by acquiring FREE COINS, and it was the title of the crypto alert that crypto members received from us on that day, available in the ‘blockchain alerts‘ section in the restricted area after signing up here >>