In our latest Cointelegraph Report, we explain how to prepare for Bitcoin’s next parabolic move in five simple steps with the assistance of professional trader Eric Crown.

Understand the cycle

It is important to grasp the four-year cycle theory, suggesting that crypto bull markets occur approximately every four years following Bitcoin halving events.

According to Crown, we are still in a pre-halving rally, which will probably exhaust itself in the low $40,000 for Bitcoin. The biggest price moves, he says, will likely happen in the months following the Bitcoin halving.

“Then we spend the rest of the next, I’d say, three to six months playing out sideways and downside move,” he predicts.

Pick your crypto portfolio

Bitcoin and Ether (ETH) should be the backbone of a balanced crypto portfolio since they are the safest and most battle-tested cryptocurrencies.

“I would do probably 70%–80% Bitcoin, 10%–15% Ethereum and then the rest could kind of gamble on altcoins,” Crown states.

Depending on your risk appetite, consider including a percentage of altcoins with high potential.

Protect your investment

In a bull market, scammers and hackers are particularly active. To safeguard your investment, opt for self-custody using a cold wallet. Avoid keeping your crypto on a centralized exchange to minimize counter-party risk.

Choose an entry strategy

Establish a buying strategy and stick to it. Dollar-cost averaging, buying a set amount of crypto regularly (e.g., weekly or monthly), is an easy way to mitigate impulsive buying and fear of missing out.

Take profit

The ultimate goal is to transform paper gains into real gains. Set up an exit strategy in advance, deciding at what price levels you’ll sell your crypto on both the upside and downside.

To learn more about preparing for the next crypto bull market, check out the full video on our channel and don’t forget to subscribe!