ilmscore | Crypto Profit Strategy: When to Sell BTC, ETH & Altcoins

Crypto Profit Strategy: When to Sell BTC, ETH & Altcoins

Predictions from this Video

Total: 42
Correct: 13
Incorrect: 20
Pending: 9
Unrated: 0
Prediction
Topic
Status
Ethereum began outperforming Bitcoin in July.
"for context, Ethereum started outperforming Bitcoin in July, and it looks like Salana will soon follow suit."
ETH
Correct
Solana is expected to begin outperforming Bitcoin soon.
"and it looks like Salana will soon follow suit."
SOL
Incorrect
It is advisable to start taking profits on Bitcoin holdings as the market cycle progresses.
"If you hold primarily Bitcoin, then history suggests the crypto market is at a stage where it's prudent to start taking profits, assuming you haven't already."
BTC
Incorrect
Given Bitcoin's long-term upward trend and limited supply, taking profits may not be the most strategic move.
"And that's because Bitcoin's value has continued to grow over time. And that's simply because Bitcoin has a limited supply compared to fiat currencies. Yes, Bitcoin is very volatile from day to day and even year to year. But the long-term trend has been up and to the right. So taking profit might not make the most sense."
BTC
Incorrect
At the current stage of the cycle, holders of Bitcoin are more likely to have missed the optimal selling point than to have sold too early.
"If you hold Bitcoin, then at this stage in the cycle, you're more likely to be too late than too early."
BTC
Incorrect
Given that Bitcoin has already experienced most of its gains in the current cycle, taking full profits is advisable, unless one has a long-term holding strategy.
"At this stage in the cycle, Bitcoin has seen most of its gains. So, taking full profits is probably prudent, unless you're holding long-term."
BTC
Incorrect
The Bollinger Band moving average for Avalanche (AVAX) on the monthly chart is approximately $30. If AVAX reaches $30, there's a high likelihood it will surpass this level and reach the next resistance at around $40.
"The Ballinger band moving average on the monthly chart for AVAC is around $30 at the time of shooting. Suppose I take full profits the moment AVAC rallies up to $30. Given where we are in the crypto cycle, there's a high chance that AVAC will break above $30 and go to the next resistance level of around $40."
AVAX
Correct
A strategy for Avalanche (AVAX) could involve taking partial profits (e.g., 25%) at resistance levels of $30, $40, and $55, while letting the remaining portion continue to ride.
"In Avac's case, these are $30, around $40, and around $55. The simple strategy could be to take partial profits at each of these levels and let in the rest ride. For instance, selling 25% at $30, selling 25% at $40, and selling 25% at $55 and letting the rest ride."
AVAX
Correct
Potential take-profit levels for Ethereum are suggested to be between $7,000 and $8,000.
"Say 7 to 8K for ETH or $500 to $600 for soul."
ETH
Incorrect
Potential take-profit levels for Solana are suggested to be between $500 and $600.
"Say 7 to 8K for ETH or $500 to $600 for soul."
SOL
Incorrect
Long-term crypto investors have historically favored accumulating Bitcoin due to its consistent upward long-term trend, despite short-term price fluctuations.
"Anyone who's been around in crypto for a long time has opted for the former by gradually buying Bitcoin over the years. You'll recall that's because BTC's long-term trend has been up and to the right despite short-term volatility."
BTC
Incorrect
The crypto market is nearing the end of its bull phase.
"At the time of making this video, we are somewhere near the end of the bull market phase with the exact date and time to be determined."
Crypto Market Cycle
Incorrect
Capital is predicted to rotate into altcoins in the coming months.
"If history repeats, then we should continue to see capital rotate into other altcoins in the coming months."
Altcoins
Pending
It may be premature to take profits or cut losses on altcoin holdings.
"Conversely, if you primarily hold altcoins, then history suggests it might be a bit too early to take profits or cut your losses."
Altcoins
Pending
Individuals with low risk tolerance, characterized by extreme emotional reactions to significant price changes (90% down or up), may need to consider more frequent profit-taking and loss-cutting for altcoins.
"And that's simply because you're not in the position to stomach multiple years of volatility to make gains. And if you're wondering what your risk tolerance is, we reckon you can figure this out with a simple question. If you buy crypto and its price goes down 90%, do you get overly upset? And if you buy crypto and its price goes up 90%, do you get overly excited? If the answer is yes, then you arguably have a low risk tolerance."
Altcoins
Correct
The crypto market is nearing the end of its bull phase, with Bitcoin having achieved most of its gains and large-cap altcoins like Ethereum and Solana beginning to follow.
"We are approaching the end of the bull phase of the crypto market cycle. Bitcoin has seen most of its gains and large cap altcoins like Ethereum and Salana are finally starting to follow."
Crypto Market Cycle
Incorrect
While it may be prudent to take profits on Bitcoin, it might still be too early to do so for altcoins, depending on individual circumstances.
"Taking profits on Bitcoin may be prudent depending on your personal circumstances, but it may still be a bit too soon to start taking profits or cutting losses on altcoins. Again, depending on your personal circumstances."
Altcoins
Pending
The opposite of the Bitcoin prediction applies to altcoins; holders are more likely to have sold too early than too late.
"And the opposite is true, of course, for alts."
Altcoins
Incorrect
Aptos (AP) coin, currently trading near its lower range of approximately $4, serves as an example of many beaten-down altcoins that have historically traded within a range of $4 to $15-$20.
"And for the purposes of this video, we'll analyze Eptos's AP coin as it's a perfect example of what most altcoins are looking like right now. Very much beaten down. If you zoom out to AP's price history since it launched, you'll quickly notice that it's essentially been chopping in a range, specifically between around $4 and around $15 to $20. And this range is something you'll see on many altcoins."
Altcoins
Incorrect
If Aptos (AP) falls below its historical trading range of approximately $4, it is predicted to experience a further collapse with no clear bottom.
"Naturally, this means that if AP falls below this range, then it's probably going to continue collapsing with no bottom in sight."
Altcoins
Incorrect
There is a higher probability of Aptos (AP) and many other altcoins bouncing from current levels rather than breaking lower, due to capital rotation into altcoins at the end of the bull market.
"Given this fact, there's a higher chance that AP will bounce from these levels rather than break lower. And the same goes for many other altcoins."
Altcoins
Pending
While a bounce is more likely than a further break lower for many altcoins, including Aptos (AP), this is not guaranteed and unforeseen events like hacks could lead to further collapse.
"But again, just because there's a higher chance of a bounce than a break doesn't mean it's guaranteed. For instance, there could be unforeseen circumstances like a hack or an exploit that causes it to collapse further. But barring any tail event like this, then history suggests the chance of a bounce is much higher than a break lower. And again, this applies to many altcoins."
Altcoins
Pending
For Aptos (AP), the Bollinger Band moving average on the monthly chart is around $8. Breaking above this level could lead to further gains towards $10 and $15.
"In AP's case, that level is around $8. If prices happen to break above this key resistance level, then you can start looking for higher levels like $10, $15, and so on and so on."
Altcoins
Correct
Psychological price points such as $1 or $5 should be considered as potential levels for taking profits on altcoins.
"As a rule of thumb, most key levels are around psychological levels like $1 or $5, etc., etc. So, look for these levels as a place to maybe take profits."
Altcoins
Pending
For altcoins, which have not yet realized their full gains, taking partial profits is recommended to avoid selling too early when the first resistance level is met.
"Conversely, altcoins have yet to see most of their gains. So, taking partial profits may be prudent just because there's a high chance that you'll be too early if you sell everything the moment that the first resistance level is hit."
Altcoins
Pending
For altcoins at the lower end of a multi-year range that are starting to rally, taking partial profits during the upward movement is recommended.
"Conversely, if a crypto is at the lower end of a multi-year range and is starting to rally, then taking partial profits on the way up might be better."
Altcoins
Pending
It is predicted that most altcoins will at least recover to their 2024 high price points, with some potentially exceeding that.
"We reckon that most altcoins would at least rally back up to their highs they set in 2024. And some will rally much more than that."
Altcoins
Incorrect
Altcoins purchased at their peak in 2021 may not recover, especially if they are no longer in use or demand.
"If you're holding an altcoin from 2021 that you bought at the top, you might be out of luck, particularly if it's an altcoin that's no longer being used or in demand."
Altcoins
Correct
Long-term investors in traditional markets have historically favored accumulating gold over time.
"Similarly, those who've been around traditional markets for a long time have opted for the former by gradually buying gold over the years."
Gold
Correct
Ethereum began outperforming Bitcoin in July, and Solana is expected to follow suit, with capital rotating into other altcoins in the coming months.
"Ethereum started outperforming Bitcoin in July, and it looks like Salana will soon follow suit. If history repeats, then we should continue to see capital rotate into other altcoins in the coming months."
ETH
Incorrect
Altcoins typically see their largest gains at the end of a bull market, after Bitcoin has peaked and capital flows into altcoins.
"altcoins tend to experience their biggest gains at the end of the bull market, namely once Bitcoin has seen most of its gains and capital starts rotating into altcoins."
BTC
Incorrect
Aptos (AP) is more likely to bounce from its current levels than break lower, a trend expected for many altcoins.
"Given this fact, there's a higher chance that AP will bounce from these levels rather than break lower. And the same goes for many other altcoins."
APT
Incorrect
Key profit-taking levels for Aptos (AP) are identified around $8, with potential for further rallies to $10 and $15.
"In AP's case, that level is around $8. If prices happen to break above this key resistance level, then you can start looking for higher levels like $10, $15, and so on and so on."
APT
Correct
The Bollinger Band moving average for AVAX is around $30, with a high probability of breaking above this to a resistance level of $40.
"The Ballinger band moving average on the monthly chart for AVAC is around $30 at the time of shooting. Suppose I take full profits the moment AVAC rallies up to $30. Given where we are in the crypto cycle, there's a high chance that AVAC will break above $30 and go to the next resistance level of around $40."
AVAX
Correct
A suggested profit-taking strategy for AVAX involves selling 25% at $30, 25% at $40, and 25% at $55, letting the remainder ride.
"The simple strategy could be to take partial profits at each of these levels and let in the rest ride. For instance, selling 25% at $30, selling 25% at $40, and selling 25% at $55 and letting the rest ride."
AVAX
Correct
Take-profit targets for Ethereum are suggested around 7-8K, and for Solana around $500-$600, set below psychological levels of 10K for ETH and 1K for SOL.
"A simple strategy we've mentioned in our altcoin reviews is to look at key psychological levels like 10K for ETH or 1K for soul and then set a take-profit limit that's below that level. Say 7 to 8K for ETH or $500 to $600 for soul."
ETH
Incorrect
Most altcoins are expected to at least recover to their 2024 highs, with some potentially rallying much further.
"we reckon that most altcoins would at least rally back up to their highs they set in 2024. And some will rally much more than that."
BTC
Incorrect
Investors holding altcoins purchased at their 2021 peak may face significant losses, especially if the altcoin lacks current utility or demand.
"If you're holding an altcoin from 2021 that you bought at the top, you might be out of luck, particularly if it's an altcoin that's no longer being used or in demand."
BTC
Correct
Experienced crypto investors have historically opted for gradually buying Bitcoin over time.
"Anyone who's been around in crypto for a long time has opted for the former by gradually buying Bitcoin over the years."
BTC
Incorrect
The crypto market is nearing the end of its bull market phase.
"At the time of making this video, we are somewhere near the end of the bull market phase with the exact date and time to be determined."
Crypto Market Cycle
Correct
It is inadvisable to move all crypto profits into AI stocks or other cryptocurrencies.
"Given this fact, it's probably not a good idea to rotate all of your capital into some hot AI stock after you cash out of crypto. And it's probably a bad idea to rotate all of your capital into another crypto, no matter how appealing they may appear."
Asset Rotation Strategy
Correct
In the event of an economic slowdown or recession, most assets, including gold, are predicted to decrease in value.
"The chances are that almost everything would go down in value, including gold."
Recession Impact on Assets
Pending