One way to totally rekt your capital during the bull market season is opening a short trade. That's right, if you've got only a few hundreds or even thousands of capital, why are you going against the flow? A few grand will do nothing when the market has millions or even billions of buy orders. Yup, the bulls will easily devour your short position.
When market is bullish price can go up to crazy levels. FOMO volume will most likely drive it up to the moon and beyond. Why go against the flow? It doesn't make sense.
If the news, experts, and technical analysis gurus tells you to go short, just don't do it. Don't short a bullmarket, you'll get rekt. If you think the market is about to crash, then just sell your coins and tokens. Secure your profit and most importantly secure your capital. Just don't go short. No one will ever know or predict where the market is heading.
The best trade strategy during the bull cycle is to buy every dip and always take profit. Don't just take any dip, check the 1D chart and buy each time price falls on a good support. That's the ideal dip. Also, always take profit arround the resistance zone.
I attached a BTC weekly chart. A bullish cup and handle is forming. This is bullish. Price target is 72k in the comming weeks.
