7 Strategies to Take Profit in the Crypto Market When the Bull Run Comes According to Traders
1. Building a Long-Term Position in 2022 and 2023
Kans' strategy for 2022 and 2023 centers on long-term crypto portfolio expansion. During this period, the focus is on accumulating assets with a long-term view. It is important to note that Bitcoin is expected to lead the market throughout this phase.
2. Identify Potential Exit Points
To simplify the exit strategy, Kans suggested the main target, namely that some assets should be sold when Bitcoin approaches the ATH price, which is usually around US$ 60,000. At this stage, Kans is considering selling around 20 percent of its long-term portfolio. However, this decision is not only based on Bitcoin's performance, but also considers how altcoins reacted during this period.
This step actually has two objectives, namely to reduce portfolio risk and secure initial profits. Profit levels will vary, depending on how well individual altcoins have performed, with some likely seeing a 5 to 10x rise, while others may surge 50 to 100x.
3. Navigating the Altcoin Rally
After partial derisking, Bitcoin may consolidate around its ATH giving room for altcoins to rally. During this phase, it becomes very important to evaluate each altcoin individually and decide which to partially sell and which to keep.
4. Realization of Profits Gradually
By the time Bitcoin reaches for example US$ 100,000 and consolidates, investors will have around 30-40 percent of their portfolio safe. The remaining 60-70 percent will later be gradually secured when Bitcoin experiences its next strong rally, where this step creates opportunities for further profits.
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