How to prepare for the next bull run in 2021

IMG_20201009_203058_374.jpg

Typically the periods of downtrends in price action are known as bear markets, and the periods of uptrends in price action are known as bull runs. Bull runs last for a prolonged period of time.

During this period, the price of Bitcoin and other cryptocurrencies consistently increase to a point where it reaches a new all-time high.

Being able to understand when the energy of a bull run has reverted, and when the trend is about to change direction and lead to a bear market, is one of the most important skills to be able to have during any bull run as a trader.

  1. Join a good Community to keep you updated about when to enter and exit markets. Also, good communities guide you on what coins are profitable.

  2. Don't invest more than you can afford to risk.

  3. Trade with Information not sentiments or emotions.

  4. Do your research.

Was this helpful?

Share your thoughts about the next bull run.

Coin Marketplace

STEEM 0.24
TRX 0.21
JST 0.036
BTC 97455.52
ETH 3338.22
USDT 1.00
SBD 3.34