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RE: BITCOIN (BTC) Elliott Waves Seem So Complete! What does this mean? Here is the chart...!
Consider risk reward. If it continues up, how much? Likely <<10%. Downside may be 50% or more. So either sell or set stops if you are not able to quickly respond to price movement.
But that still involves thinking of price movement. My biggest mistakes have been selling cryptos! I need to be happy it’s the right time. The only reason to sell is to buy back at cheaper prices!
If you made a profit, it was a good trade, even if you left some money on the table.
Also, I would suggest that another reason to sell is when the likelihood of higher prices is low.