How to prepare for the next crypto bull market: 5 simple steps

Begin your crypto experience with this guide to predicting the next bull market run. Uncover the secrets in five easy steps:

Understanding the Market Cycle

It is crucial to comprehend the four-year cycle theory, indicating that cryptocurrency bull markets tend to emerge approximately every four years post-Bitcoin halving events. As highlighted by professional trader Eric Crown, the ongoing phase is a pre-halving rally, anticipated to peak around the low $40,000 mark for Bitcoin. Crown suggests that the most significant price surges are likely to transpire in the months succeeding the Bitcoin halving. Following this, a subsequent period of three to six months may witness a consolidation of market trends, characterized by sideways movements and downward shifts.

Crafting Your Cryptocurrency Portfolio

Bitcoin and Ether are among the safest and most thoroughly researched cryptocurrencies. it should be the cornerstone of any well-balanced cryptocurrency portfolio. Depending on one’s risk tolerance Crown suggests putting 70%–80% of one’s money into Bitcoin and 10%–15% into Ethereum’s remaining amount towards possible altcoin investments. The purposeful addition of altcoins with significant growth potential depends on a person’s risk tolerance.

Securing Your Investments

As you are researching for the crypto bull market, make sure to research for high security wallets and exchanges. Protecting investments becomes critical during a bull market because of the increased activity of scammers and hackers. Choosing self-custody via a cold wallet improves security. It is advisable to avoid storing cryptocurrency on centralized exchanges to reduce the counter-party risks associated with third-party platforms.

Devising an Entry Strategy

It is critical to developing a well-defined buying strategy. Adopting dollar-cost averaging which entails purchasing a defined quantity of cryptocurrency regularly is a wise strategy for reducing impulsive choices and the fear of missing out.

Implementing Profit-Taking Strategies

The ultimate goal is to convert theoretical benefits into practical earnings. It is critical to develop a pre-determined exit organize that specifies price levels at which to sell crypto both on the upside and downside of market movements. Strategically planning profit extraction improves financial discipline and ensures a methodical approach to capitalize on market volatility.

Let’s prepare for the crypto Bull Market