🔥WHAT IS NEEDED FOR BITCOIN TO GROW HIGHER? 1300%vs4900%🚀🔥Hi friends! A lot of newbies consider these things as something bad. These make them very unhappy and disappointed because their position gets the loss. These things are the pullbacks or corrections after significant growth. Everyone is waiting for it now to buy more cheap crypto.
📊 The pullback is the price fall after significant growth. But why is it so good for price growth:
🔥 1. it makes the market (BTC as well) much healthier because it liquidates overleverage traders.
For example, -40% pullback liquidates all traders with 1.5x leverage and coll down the market (as it was in the 2016-2017 bull market).
🔥 2. it gives the opportunity to enter the long traders for the advanced traders. If we have 5-6 pullbacks every time after 100-150% growth, you can use already earned money in new trades (increase the risk per trade).
When the price doesn't make the pullbacks and you enter the trade at the very beginning of the bull market, you have no chance to exit the trade and use the margin from the profit to increase the risk per trade.
✅ COMPARISON OF 2016-2017 AND 2020-2021
🚩 2016-2017 BULL MARKET
The market had made 4900% of profit in just 2 years. I mention 6 huge dumps with 30-40% drawdowns. These dumps cool down the market and liquidate overleveraged traders. Lots of entrance opportunities. Hope the next bull market will be the same.
Of course, you can say that market was not as big as now and I agree with you. But the whole BTC capitalization is equal to 3.5% of the entire gold cap, so it's just the beginning for crypto.
🚩2020-2021 BULL MARKET
This bull market as well as the 2019 local bull market was almost with no pullbacks and entrance possibilities. Bitcoin had made just +1300% in 2 years. Just 3 pullbacks with +16-30%. Almost no liquidations and no cool down of the market. Not the best growth as the result.
In that bull market, the beginners can't even normally use their gaining margin to open new trades.
🔥 WHAT WILL HAPPEN IN THE NEXT BULL MARKET?
I think that this growth will be the same as at the last bull market. Of course, it will be some surprises as at each bull market, but it will grow nonstop.
I make a huge update about this in the last idea. Check it if you want to know what to expect from BTC and the crypto market here👇
🚩Traders, what is your expectation about BTC bull market? Do you agree with me or have another argument? Write it in the comments!
💻Friends, press the "boost"🚀 button, write comments and share with your friends - it will be the best THANK YOU.
P.S. Personally, I open an entry if the price shows it according to my strategy.
Always do your analysis before making a trade.
