Post
Topic
Board Trading Discussion
Re: Your favorite season to trade cryptocurrency?
by
Strongkored
on 01/06/2023, 13:00:54 UTC
Cryptocurrency is risky, and while we are aware of the basic requirements that must be in place in order to profit significantly, not all of us are aware of an appropriate season to trade. Most professional traders prefer the bear season, which, in my opinion, is the best period to conduct critical study on crypto projects, uncover ethical road maps, and invest in them for a possible solid future. The bull season is most likely harvest time; we reap what we sow in the market. Which season is better for trading, the bull or the bear?
Professional traders will be able to see profit opportunities in any bear or bull season because when they are said to be professional it means they have enough experience in trading what to do when it is a bear and what to do when it is a bull, only occasionally traders have a certain season like me who I prefer bullish periods because there is always the possibility that the price will go up but sometimes what is difficult is understanding when the bullish period is reaching its end, so it is often trapped into a long hold. Bear as the buying season and bull as the profit-taking season is usually applied by long-term traders so they are ready to wait for months or even years until their portfolio turns green and takes profits.