Bitcoin is still yet to explode, but once it does.
Altcoins will explode even more.
The truly parabolic moves should come POST HALVING
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One Trading strategy in the Bull Market
There is basically only one indicator you need to be having a look at.
Here is the Ultimate Bull Market Strategy
1. It's a Bitcoin bull market.
This is not open for discussion anymore.
Bitcoin is trading in a bull market.
The reason why I'm saying this is because this strategy ONLY works in a bull market.
Right now is the time to make millions.
2. Don't short in a bull market.
I am not in the business of trying to predict a Bitcoin top.
It is way too difficult. Nobody has succeeded in this without fail.
You are way better off buying the dip WHEN it comes, than trying to time that top.
3. Buy when others are selling
A basic trading phenomenon that everybody understands.
Usually, the majority is wrong, especially the majority of Bitcoin retail traders.
And luckily, we can exactly monitor what other traders are doing below
4. The Bitcoin funding rates
The Bitcoin funding rate is a fee that helps balance the market.
· When majority of the market is buying ? positive funding rates.
· When majority of the market is selling ? negative funding rates.
5. Buy at negative funding rates.
As discussed above, when the funding rates are negative or extremely low, the majority of traders are selling.
When the majority of retail traders are selling during a bull market, this indicates the perfect opportunity to buy.
6. Buy and ride the trend.
When such a buy signal appears, open trades and aim to ride the next wave up.
7. When to take profit?
When the average funding rates become slightly higher than the previous high, start to DCA my way out of positions.
8. Current buy signal
The Bitcoin funding rates have finally been trading extremely low again after a long time, indicating that the majority is selling now.
But do keep in mind, the funding rates are not yet negative.
This could still happen.