How to Navigate a Bull Run and Secure Profits
Every bull run starts with capital inflows that excite traders and investors, leading to FOMO (fear of missing out). However, to navigate a bull run successfully, it’s crucial to observe and execute trades without emotion and avoid relying on social media.
Step One – Where Do I Start?
To begin, focus on Bitcoin’s movement up to the Fibonacci 0.50 mark. After that, monitor medium-cap stocks that outperform BTC and rotate your trading amount into them without hesitation. Don’t hold based on emotions or team loyalty. Look for coins with current attention and plan to scale out over time.
Step Two – Rotation Time
Scale profits into the strongest large and medium-cap coins, such as Ethereum, which has shown a reversal in its ETH/BTC ratio. By studying technical analysis tools like Elliott’s Wave analysis, Wyckoff Schematics, chart patterns, and volume, you can stay ahead of market trends.
Step Three – Securing Profits
To retain profits, use tools like Fibonacci extensions, volume analysis with weekly candles, sentiment indicators, and Elliott’s Waves and Wyckoff’s Distribution Schematics. Understanding these techniques will help you exit each run with substantial profits.
Hot Take: Words of Caution
When in a bull market, remember to take profits when you feel invincible or when family and friends start seeking your advice on crypto investments. Aim for the “meat of the move” rather than trying to catch the exact top of a coin’s price. By following these strategies and staying informed through platforms like NewsBTC or Twitter, you can navigate bull runs successfully.
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