CONGRATULATIONS IF YOU CAN SEE WHAT THE 0.99% SEES ON THIS CHART!
Are you a trader who just responds to what they observe in the market? It's okay. However, it's also beneficial to consider potential outcomes and visualize them. It would actually be regarded as a positive perception.
You will undoubtedly gain the advantage you require in the cryptocurrency market if you acquire a skill like perception.
This is the reason.
The total market structure for this cryptocurrency is declining, as the chart illustrates. It has been declining for over seven months. A fall of seven months will already be regarded as a complete oversold situation for this specific token. You can observe that there has been far too little bullish emotion expressed over the last seven months if you additionally look at the correction displayed by this token. Never forget that both "too much" and "too little" are unhealthy. If you have the chance to never ignore a "too much" or "too less," take advantage of it. Let me show you now. Look find a chart that is the reverse of this one. Seek out a token with a higher proportion of bullish than bearish candlesticks. Additionally, it would be ideal if the measurements were almost the same as those on this chart. Now, review the 'too less' or 'too much' of the candlesticks present. As there are more bullish candlesticks on the token you're looking at, the chance for reversal will become clearer. Those 'too much' bullish candlesticks and 'too less' bearish candlesticks will soon have their own 'reversal points'. Turning those 'too much' bullish candlesticks into too less and same goes to bearish candlesticks turning into 'too much'. That's how you can easily understand chart patterns like these.
These posts are for educational purposes. To guide the people who might still be struggling within the crypto market, those who are new to the environment and volatility and everyone else who needs it.
Stay wise, trade cautiously.