Bull Market
A bull market is a prolonged period of rising prices, typically defined as a 20% or greater increase from recent lows. Bull markets are characterized by optimism, increasing participation, and FOMO. They can last years and create substantial wealth.
Understanding the Concept
• "Buy the dip" works reliably during bull markets • Higher highs and higher lows on major timeframes • Corrections within bull markets tend to be short and shallow • Eventually ends with euphoria and distribution
Real-World Example
From March 2020 to November 2021, Bitcoin rose from $3,800 to $69,000, an 18x gain. Every dip was bought aggressively. Altcoins went parabolic. New investors flooded in. Social media was euphoric. This bull market ended when leverage peaked and the Fed signaled rate hikes.
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