How to Know When to Sell in a Bull Run

Despite the current sideways chop, a bull run is imminent. All current indicators point that way. So, unless there’s a black swan event or other macro events that get in the way, the bull run should start at any moment.

Prices will go mad, and your portfolio should burst at its seams. But how do you handle these profits? When do you sell in a bull run? When it’s your first time, that’s the crucial question. We’re going to take a closer look at when to sell in a bull run. Here’s a 5-step plan for first-timers.

1. Make a Plan Before the Bull Run Starts

Before you start to sell in a bull run, you need a solid plan. Don’t wait much longer and start making that plan right now. You don’t want to wait until prices are going through the roof. Excitement might be high and because of it, you can’t think straight anymore. 

Make your plan ahead of time. Include a point when you want to sell. You can use a previous ATH or key resistance levels. Take a good look at your projects and think about how high they can go. Once the market heats up and is boiling, emotional decisions may take over.

2. Monitor Market Sentiment

Once the crypto market starts to go up, you need to start looking for signs. Look for warning signs that a top may be nearing. Also, keep in mind that almost nobody can predict the top. However, some signs can be, for instance,

• Everybody’s only talking about crypto.
• All projects turn into the ‘next big thing’. 
• You will have a hard time spotting negative news.

If this is your first bull run, it’s easy to miss these signs. Always stay alert.

3. Use Market Indicators

Use TA (technical analysis) and technical indicators. They are good for spotting trends. You can also use them to spot a possible market top. Some indicators to use are, for example,

• 200 EMA (Exponential Moving Average) on daily charts shows long-term trends.
• RSI (Relative Strength Index) this tells you if an asset is overbought or oversold. An overheated market can show a high RSI.
• Candle patterns. Watch for specific patterns, especially trend reversals. For instance, Dojis or engulfing candles. Be aware that there can also be reverse signals.

Getting the hang of these indicators doesn’t happen overnight. It takes time to learn how to use them. However, the payoff can be large. The picture below shows the 200 EMA on the Bitcoin chart.

Source: X

4. Stay Grounded

Be careful with people boasting about their profits. There’s no need to compare yourself with them. Everybody has different budgets and targets. This is a personal journey, don’t forget that. 

Don’t chase somebody else’s success. Learn and progress at your own pace.

5. Control Your Emotions

Managing your emotions may turn out to be the hardest part. You feel like you’re on top of the world and nothing can go wrong. Green candles will last forever. Well, no, they don’t. What goes up must come down. There’s FOMO everywhere but stay realistic.

Stick to the plan that you made. That will help you to control your emotions. Make sure to touch grass at regular times. Don’t watch the market 24/7. Take off the pressure when it gets to you.

Conclusion

A bull market is imminent. With this comes excitement and plenty of emotions. You need to learn to control them. One way of doing that is to make a plan before the bull run starts. It will help you find the right moment for when to sell in a bull run.

Disclaimer

The information discussed by Altcoin Buzz is not financial advice. This is for educational, entertainment, and informational purposes only. Any information or strategies are thoughts and opinions relevant to the accepted levels of risk tolerance of the writer/reviewers, and their risk tolerance may be different from yours.

We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided. Bitcoin and other cryptocurrencies are high-risk investments, so please do your due diligence.

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