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Are we heading toward a Bull Run?🐮
After the continued bear market of 2022, the investor sentiment is that the #crypto industry is entering the bull run in 2023.
In today's 🧵, we explore strategies that traders can make a profit from crypto trading in the bull market.
After the continued bear market of 2022, the investor sentiment is that the #crypto industry is entering the bull run in 2023.
In today's 🧵, we explore strategies that traders can make a profit from crypto trading in the bull market.
2/ Bull Run: The price of an asset generally increases, typically for several weeks or months. Traders expect prices to continue to rise & increase in value for the foreseeable future. 📈 This can be an exciting time for investors if they exit before prices start to decline.
3/ ➡️Dollar-cost averaging is a strategy that involves investing a fixed amount of money at regular intervals to benefit from market volatility & accumulate assets over time. It spreads out risk, allowing traders to benefit from the bull market without taking on too much risk.
