I confess that after this post, I still haven't added other crypto assets than BTC to my portfolio. I'm 100% invested in Bitcoin, doing DCA and I haven’t been following the market much. Given this correction, it might be a good time to add new positions and look for tokens with potential for appreciation that are still in correction.
At the moment, I believe SOL is the most promising, as well as DOGE, and I expect a strong recovery for Ethereum.
That's me, because I'm not confident enough to predict the peak of BTC price before ATH happens... it's better to exit gradually so that we will still have the opportunity to sell at the highest price even though not 100% of our assets are sold at the highest price....
For this purpose I divided the sale into five stages, with each phase selling 20% of my assets... it proved to be quite profitable because I got higher sales for 80% of my assets... 20% of my assets should have been targeted to be sold at $100k, but that hasn't happened because BTC price hasn't reached $100k level until now. .. let's wait for the next few weeks, because this is still in the bullish phase.
I learned this the hard way. I opened my long position in November and had a positive ROI until the end of February. However, with this 30% correction in BTC, in addition to having returned all the profits, I am now at a loss...
Now, in my next trade with BTC, ETH or SOL, I will do it as follows: I will monitor the RSI on the H4 chart and perhaps the H1 chart and as soon as it's overbought, I will make some sales to guarantee my profit and rebuy when the RSI on the H4 chart is oversold. Because the price always corrects when the RSI on the H4 or H1 chart is overbought or sold.