2021 Endgame Strategy for Bitcoin, Ethereum & Cardano.
Welcome back.
Bitcoin is back above $62,000, wriggling to break the previous ATH of $65,000. And after years and years of rejection, the SEC has finally approved Bitcoin futures ETF, opening crypto to a wider investor base and paving way for mass adoption. I cannot believe how bullish the market is right now.
That’s why I’m sharing my endgame plan for this week’s post. So we don’t lose sight of our strategy. So we don’t forget to take profits. Please keep in mind that this final phase is where most profits and losses are made. You’ll see Bitcoin shoot up by $30,000 or more within a matter of days and then plummet in the blink of an eye. Let’s stay humble and level-headed.
1) Bitcoin — Selling 50% at $90,000, then 30% at $100,000+. Saving the remaining 20% at least until the next bull market.
As mentioned in previous posts, October, November and December are historically the most profitable months for Bitcoin. And it seems like it wants to head higher for the remainder of the year. The Monthly Relative Strength Index is above 70 and my guess is it will continue its momentum to 90.
Now, the peak might occur in early 2022 but I plan to sell roughly 60% at $90,000, which I think is where Bitcoin will be around late November. I’ll be selling 30% around $130,000 depending on how crazy the price action is. I’ll keep you all posted on Twitter.
I’m saving the rest because I highly doubt Bitcoin will ever come back below $50,000. I think the bottom of the following bear market (2022-2023) will be around $50,000 to $60,000. Plus, I think it’s a good idea to save some in case crypto mass adoption happens sooner than we think.
2) Ethereum — Selling 70% at $8,000, then remaining 30% at $10,000+.
Any crypto that is not Bitcoin is riskier and more likely to crash harder, including Ethereum. As soon as we break and close above $4,000, I think we’ll climb quickly towards $8,000. That’s where I plan to sell at least 70% of my bag. It seems to me like Ethereum wants to repeat what happened in 2018, so this is my plan for now. I firmly believe the chart I made below will happen.
That said, Bitcoin is the king of crypto and everything tends to follow what it does. So, we’ll keep a close eye on it and tweak our plan as needed. If my plan goes accordingly, I’ll be selling the remaining 30% past $10,000+.
3) Cardano — Selling 100% at $5.
Cardano is the riskiest asset in my portfolio. Because it performed perhaps too well in this bull market, I think the crash will be that much worse. I plan to not get too greedy and just sell everything once it hits $5, which I think is a reasonable target. It can certainly go higher near $10 but I ain’t playing that game. $5 and I’m out.
As always, not financial advice. Please do your own research, invest only what you can afford to lose and stick to your plan. If you have any questions or concerns, let me know in the comment section down below or on Twitter. Cheers and stay safe out there.