Trading a bull market 101

Trading a bull market is really pretty simple, you just wait for a dip and you buy that dip and then you profit.

You sell when things get overbought and buy when there's a dip.

1. Buy dip
2. Profit

Sounds simple enough right? It's never that simple though.

One thing that seems to work pretty well is to wait for a deviation, for example:

(Source: https://twitter.com/inmortalcrypto/status/1346529633827770374/photo/1)

There were two recent deviations as the price dipped hard.

The hard part is being ready for that dip, which is where trailing buy orders can sometimes work, for example if you can set a trailing buy of 15% off the highs you might get some good fills.

Otherwise you get stuck watching the market 24/7 and considering it never sleeps, neither will you.

The great thing about trading a bull market is that if you make a mistake you just hold and wait for the price to eventually go higher.

Judging by past rallies we have many more months of bull left before we need to worry about buying a top.

What do we say to those people that still hate bitcoin?

(Source: https://twitter.com/RD_btc/status/1346568240068235264/photo/1)

That's right, you either buy or be left behind.