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The rules of the bull market in the coin circle are mainly reflected in the following aspects:
Rules of the rise of coins in the bull market: BTC will lead the rise in the early stage of the bull market, followed by a period of consolidation, and then the altcoins will start to rise. After the altcoins rise for a period of time, they will enter consolidation, and the mainstream coins will take over and launch an offensive again.
After a long period of accumulation, it will be fast: if the price rises and falls within a narrow range for many consecutive days, forming a dense area, once it breaks up or down, it will cause a sky-high rise or a flood-like fall. But the bull market is likely to break through.
Trading volume restrains price trends: look at the three-day line, the weekly line appears to absorb funds, and the coin rise is also slowly increasing.
The moving average is under your feet: Everyone knows the bull-bear boundary MA120. After a long period of consolidation, the daily level stands on some moving averages such as MA30 MA60 MA120, indicating that the general trend has been determined.
Technical adjustment: No matter how sharp the upward trend is, it is impossible to rush to the top in one breath. In the early stage, two steps forward and one step back. When the market starts to FOMO, it will usher in a staged top and start to wash out the profit-taking. This consolidation is technically called a technical adjustment.
Late bull market: ETH must take the lead, and the copycat sprints to reach the market climax.
So how to identify whether it has reached the top, the technology is not very useful. Here you can use market sentiment to judge, or friends and relatives outside the circle start to discuss or ask you how the currency circle is recently. Don't worry, this must be the top. Even if it is not, it is basically in place.
As an investor who has been working in the currency circle for many years, I am willing to share my experience and insights with you. If you are interested in the currency circle, but don't know how to start, you might as well follow my homepage and discuss the mysteries and future possibilities of the currency circle with me. Click the avatar introduction to find me
