When To Take Bitcoin Profits, Santa Rally?

Many Crypto Traders/Investors like to believe in a potential 'Santa Rally'. Essentially where investors pile money into such assets (BTC) and the price raises with demand.

Really, if you are going to be buying BTC at such highs you are not really Trading the asset, you are 'believing' in it's potential. Any holding of anything at all time highs is not going to be done on a 'good deal' basis, as one would not normally be buying highs.

It's important to remember if you are still holding BTC now at highs, you are still effectively buying highs. You are not actively entering but you are holding long positions.

Typically, if you want to be consistent long term and not face massive swings in P/L, you should take gains where you have gains. If something starts to stall, take it.

You then have the chance to re-buy later on. Holding anything for longer and longer pays out more - But equally its of more risk (you do not know when it will turn as you have no resistance reference points).

Investor long zones on wild dips are far more preferred. This is not to say it will not rally again beyond current highs - It is to say you do not know exactly how far or when it will stop.