How To Navigate A Crypto Bull Run – 10 Rules To Succeed

So, we are in a massive crypto bull run, but in the past week the market is taking a break. It is in fact, having a major correction and there’s blood across all markets for days. Bitcoin is down by some 12%, which is not much, but altcoins are bleeding hard. Most of the top 20 mcap cryptos are down by ~20% and more, but many others are over 40% down from their recent highs. We’ve had 3 months of massive gains across all crypto markets since the start of this year, but for some altcoins, this market correction means they’re back to price levels they were back in December or even before. All the gains from this year have been erased.

If you’re worried, it’s understandable. Here are some tips I can offer from my 8 years in this industry. I started with $2000 back in 2016 and I turned it to $3M by 2018. I didn’t take profits on time, so I watched my portfolio shrink down to just $200k during the following bear cycle and then I had to do a lot of trading to get back on my feet and above the $3M mark, which is why I feel confident to offer you some of my experience and these are the tips I have for you: how you can navigate a bull run successfully and avoid the traps and turbulence ahead of you:

1. Accept making mistakes.
   Don’t be afraid of losses. This is why many traders are successful and even more are not. If you accept that you made a wrong call and had a bad entry, you can easily exit the trade at a small loss, but being too afraid of losing money will in fact cost you more. You will be forced to sell later, when the coin is much lower and thus, losing even more money. Take a loss early on and reallocate the capital to a better performing asset.
   
   
2. Day Traders Lose Money.
   Don’t day trade, focus on longer term, position trading. Swing trading is for more advanced users and it can be helpful, but essentially, getting out of a coin when in profit is the key, and swing traders tend to jump back in, even when the odds are no longer in favour. Be wise about it, don’t get attached to a coin just because it made you a good profit once or twice. It may not happen again, so move onto a different asset once it stop performing so well. Position trading is the least time-consuming style of trading, it allows for longer periods of sitting on your positions, thus, allowing you to spend time on other activities and it’s about bigger market moves rather than 2-3% moves, which is what day traders look for. Several day trades can be wiped out in one wrong move, so day trading is high-frequency, low-profit ratio, time consuming and not as profitable as you may think.
   
   
3. Buy The Hype!
   Every bull run has narratives that are trending and overhyped. Tokens that are positioned in these narratives pump hard, while others, even those with great fundamentals can be dormant or underperform. If your goal is to make money, you don’t care for fundamentals, you care about trends. Sentimental analysis comes in handy to follow what’s currently hot and even if that means memecoins or other zero utility tokens, that’s fine – but remember, these are short term flipping assets, not investments. Don’t sleep on those. Right now, in this cycle, the most hype is in AI, RWAs and Gaming, with the occasional Memecoins waves that come and go. These are the sectors that I am heavily bought into and they make the biggest gains. This will change later on, but you need to stay on top of the news and always keep in check what people are talking about, which sectors are currently the most hyped, so watch out for my videos and twitter posts and my articles here: I talk about these all the time.
   
   
4. Don’t Rush!
   Don’t exit too soon, but also don’t wait forever. This is the hardest part for any new trader. When to exit is hard to know, it’s not too obvious when a bull rally is just taking taking a break (a correction) or has ended. For many, this becomes clear only when their coin is down 50% or more and then they feel it’s too late, so they hold in hope it will recover. Sometimes this works and the rally continues – thus, we had a correction. Other times the rally doesn’t come back and we enter a long term bear cycle. The rule here is to watch out for two things: first, you check if the bull market is still on in general – Bitcoin is driving the bull market, so always keep an eye on Bitcoin. If Bitcoin has entered a bear cycle, you don’t have a choice – get out even at 50% drawback. It’s better than what will follow, which is 90% and more downmove.
   If Bitcoin is still in its bull cycle, the chances of your alt recovering after a correction are high. You can either wait for that, or if too scared, try to catch a bounce on the upside to exit and wait for indication of a trend reversal, where you see higher highs and higher lows – this is when you can enter again, for the next rally on the upside.
   
   
5. Take Profits on the way up.
   Another mistake many people do in crypto, is to not take profits during monster rallies. Since the beginnig of 2024, and up until now – April, we’ve been in a monster rally. We had tons of coins pump by hudnreds and some even thousands of percentage points. That’s 3 strong months of continuous upside moves across all markets. Did you take profits?
   Many didn’t. Since April started, we’ve been experiencing a correction in Bitcoin that is dragging all the markets down too. While Bitcoin is down about 10% from its recent high, alts are down 30-40% and some even more. Many are back at prices that were last year, so all gains from the last 3 months have been wiped out.
   This is a great example of why my strategy that I shared with you recently – in this video, is a winner. When you see big pumps in short time – a day or two days, where a coin has jumped by 40% or 60% or even 30% is quite a significant jump for a day. This could be a good time to lock in some profits and wait for a pullback. Sometimes the hype is too strong and the upside move continues longer, sometimes it doesn’t immediately pullback, but just stays high for weeks. But then comes a major market correction, like we have now and this is your opportunity to jump back in – if you really want to have the same asset in your portfolio. This works for some tokens, but with others, like memecoins for instance, you might want to move on to another. Many of those only pump hard in the early days and then people move on to others, so the odds of going much higher are a gamble. It could happen, but most often it does not. Only a handful of memecoins have had more than a couple of big runs: Doge, Pepe, Floki, Shiba Inu and Bonk so far have done several big pumps. The other memecoins are just a one trick pony, they get launched, pump a lot, then there’s a mass exit and they never pump to previous highs. Remember: memecoins are useless, they are just made for fun and for those pump’n’dumps that make millionaires when played right or can wreck your portfolio if you’re having the wrong approach (i.e. hold long term).
   
   
6. Don’t use leverage.
   97% of leverage traders lose money. Spot is the way to go. I have done leverage trading in the past and although it can be very profitable for some time, eventually, you’ll make a mistake and it can be very costly. One wrong trade can wipe out an entire account, and that’s happened to many. The high risk of high leverage means that when there’s a fakeout (either way, not just down, but up too) it can liquidate your position and if this was a big position, your account gets wiped out. You’re done. All the months of hard labour and big gains can be gone in a day. Why risk it?
   
   
7. Don’t buy in FOMO.
   What I mean is, there will be some days when the whole market is up aggressively. You see 20-30% and more across all markets and you feel you’re missing out. You have a ton of stablecoins because you were selling last few days or it’s just sitting there waiting for a red day and it’s not coming. You feel the pressure to jump into something, anything, just to avoid being left behind. Not a great idea. Patience is the key in trading. Another two or three days and you’ll see a pullback. Even during the strongest bull runs, markets don’t only go up. Sooner or later, there will be a major pullback, a bigger correction, that will bring everything down by 40% or more and this is your time to act. A coin that has pumped by 100% over the last month will lose all of that in a >40% drop and this is exactly what’s happening right now. It’s April and most of the altcoins have dropped by 45% and some more, erasing all of their gains since January. If you were feeling the FOMO just last month, you would have entered at much higher prices than today, so waiting patiently for corrections like this one, is your best strategy. Sometimes no trade is the best trade – if the market is too bullish, pumping too heavily, don’t enter. Wait for better conditions, lower entries.
   
   
8. Risk Management is Key!
   Being a degen is fine, but be wise about it.
   Having a degen portfolio where you go into high-risk assets for high profit is very common in crypto. I keep a smaller size of my portfolio in degen tokens to balance things off. The majority of my portfolio is in coins with stronger fundamentals as they tend to drop less during corrections and are generally safer for the medium term – which in my case can be several months to a year. For as long as the bull run continues, I am holding these. About a third of my portfolio is allocated to short term holdings, including degen tokens that pump hard, but also drop hard, so these I sell on pumps. I apply my main strategy, where I sell every time I see a decent pump and then allocate the funds to a different token or I might re-accumulate the same one during corrections and pullbacks.
   
   
9. Don’t overtrade.
   Too much trading can be damaging to your portfolio and you’re prone to make more mistakes if you’re glued to the screen all day every day. Take breaks and let some orders sit and wait. Identify your target zones and place your orders, then go out, enjoy life.
   
   
10. Look at the charts.
    It’s kinda obvious, but I need to stress on this: identify support and resistance levels and position your orders accordingly. Use PA to determine S&R and Fibonacci retracement is a good tool too. Also, keep an eye on the trend – in an uptrend, higher lows and higher highs are crucial – if you see lower highs followed by lower lows, the trend might be reversing – identify crucial trendline levels that might get broken. These will be signals for action. On the way up – breaking a trendline is bulling. On the way down, it’s a bearish signal, so you might want to exit at such breakout points. This is relative to your timeframe, to the cycle momentum, there are several factors to take into account, but overall, the trend is your friend. Holding onto tokens during a bear trend is not a good idea. Unless it’s a short term correction. So you need to know where in the cycle you are and if it’s a good idea to keep holding or time to exit.

I hope these tips will help you make the right choices, form a solid trading strategy and avoid losing money in these volatile markets.

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The information contained in this video is for informational purposes only. Nothing herein shall be construed to be financial or legal advice. The content of this post reflects solely my own opinions. Purchasing cryptocurrencies poses considerable risk of losses.

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