Accurately guessing the time when the value of an asset reaches its peak is an art associated with luck. You can increase your chances if you follow certain rules.One of the most important things in cryptocurrency trading is choosing the right moment to sell. Nobody can accurately determine the maximum of the asset, as well as the minimum. Professionals use a variety of techniques to get the most out of their trading.
The art of identifying the moment
Sometimes there are factors that make the market situation predictable. For example, when during the “crypto winter” in early 2019, the price of bitcoin fell just below $ 4,000, many data indicated that it was almost impossible to bring it down even lower. Then there was a strong lack of supply on the market, investors expected growth, which happened. In general, one should look at investor sentiment and whether these sentiments have fundamental reasons. There are also methods of taking profits without guessing extremes that are available even to novice trading. For example, placing a series of small orders to sell an asset as it grows. For example, for every $ 10 rise in the price of a cryptocurrency, a trader sells a fixed amount. Then, even if the growth is a consequence of the bubble, part of the share will be sold at maximum prices.