Profit taking is not BAD it's SMART. The best using charting fundamentals unlike a vast majority of the crypto traders in the current space. The chart doesn't always tell the whole truth, but it doesn't lie. Indicators let you know what is happening and when to take your profits, and vice versa when to enter or re-enter after a reversal. You can HODL and that's definitely one effective strategy over the long term, but traders are however showing their hands even through this downturn if you look at the charts. And if you can trade effectively based off the momentum and fundamentals of the chart, you can outpace the growth of bitcoin over the long haul, while missing very little of bitcoins gains.
We're now entering the channel of where bitcoin would have been if it never saw that explosion through the end of the year and you can see the volume of the run up returning to close to it's previous levels. If you didn't take profit during that time you missed out, big time.
I missed a few exit points for myself and I'm kicking myself as it is wishing I had taken profit when it was there.
