Understanding the patterns of the cryptocurrency world is essential for thriving!
When prices rise quickly and fall slowly, it indicates accumulation.
If the price of the coin shoots up rapidly but drops slowly, it's likely that the market makers are quietly hoarding, preparing for another surge.
When prices fall quickly and rise slowly, it's a signal to sell.
Conversely, if the price of the coin plummets rapidly but crawls back up like a snail, it may indicate that the market makers are quietly selling, and the market is about to turn bearish.
Don't rush to sell when there's high volume at the top; if there's no volume, don't hesitate to run.
When prices are high and trading volume is surging, don’t rush; there may still be opportunities; but if the volume shrinks to a line, it's time to retreat as the price can't rise further.
When there's high volume at the bottom, don't act immediately; wait for sustained volume increase before entering.
When trading volume suddenly spikes at the bottom, don’t rush to buy; it could just be a brief pause in a downtrend; but if the volume continues to rise steadily, that's when we should consider entering the market.