Since this is a trading sub, I’m likely preaching to the choir here, but I got banned from /r/bitcoin for making some bearish warning posts back in December near the ATHs when I cashed out all my BTC holdings at 17.3k. My strategy is very simple, I buy when google trends are increasing and crypto has lost almost all mention in the media, and I sell when google trends peak and it’s all over the media and my Uber driver is bragging to me about how much more money he’s making from his bitcoin holdings vs his day job.
This is of course not a strategy to perfectly time the tops and bottoms, but overall, it seems to crush buy & hold since crypto is an asset class that isn’t really backed by many fundamentals, mostly oscillates between extreme fear and extreme greed. Right now we are in dead man’s zone inbetween the two extremes which is too risky for me to go long or short. I will buy in the 1-3k zone which will be preceded by a few more months of crypto losing daily relevance. Of course, there is no guarantee that it goes to 1-3k zone, but if it does, the risk/reward will once again favor the bulls.
This medium-term trading strategy also frees up my time from having to watch crypto charts 24/7 and I find it to be a good compromise between day/swing trading and buy & hold. Typical holding period is 6 months – 1 year.