Crypto 101 📚 Bull and Bear Markets
Markets typically move from one phase to another, but you can usually only confirm the shift in hindsight. It’s hard to tell while you’re in the middle of it.
During uptrends, small-cap tokens tend to be more volatile than Bitcoin. During downtrends, they also tend to suffer deeper drawdowns.
Learning this won’t make me money overnight, but it can help me avoid one basic mistake.
Many people are used to looking at the price action of $BTC to describe the current phase of the entire crypto market.
Markets typically move from one phase to another, but you can usually only confirm the shift in hindsight. It’s hard to tell while you’re in the middle of it.
During uptrends, small-cap tokens tend to be more volatile than Bitcoin. During downtrends, they also tend to suffer deeper drawdowns.
Learning this won’t make me money overnight, but it can help me avoid one basic mistake.
Many people are used to looking at the price action of $BTC to describe the current phase of the entire crypto market.