It's definitely not a bad move, but the problem problem is that it is very hard to tell at which levels to come back to the market, and crypto tends to moon really quickly, so it's easy to miss the big move while trying to time the relatively small moves. Good thing you didn't liquidate the entire positions.
I love you 1-2-3 bottom formation strategy mainly for the facts that you are not chasing the small moves and looking at the big timeframe, which makes it easier to buy the coin at a "good price" and sell it later into the hype to the ones who chase the market later on.