FACTS About How Rallies Happen MOST OF THE TIME! (A MUST READ!)
Ever wonder how rallies happen in just a single moment and there are times when you least expect it?
If you've ever gotten to the point where you've wondered about this. Then, you're reading the best article.
Rallies in the crypto market may be associated almost all of the time with how volatile the market is. Albeit, there are hidden facts that could make you potentially understand how they happen.
Let's list them 1 by 1:
- Before rallying, the price of a BTC or a specific altcoin tend to move in a ranging manner. This shows the sparking interest of buyers to strengthen the pressure from those price ranges.
- Rallies don't only happen at the deepest parts of the market. Instead, they're also present at areas where the aftereffects of accumulation lingers. Such as the higher low of an altcoin's price.
- Every time traders map out support levels. That would comprise more than 98.89% of the whole crypto market. Hence, it would make sense why there will be rallies after those key levels.
- Market sentiment is not to be trifled with especially on an extremely greedy market. Hence, it would be wise to lookout for the greediest and most fearful parts of the market.
- Greediest parts of the market will show you intense interest causing surging buying power. Most fearful parts of the market will show you just how greedy most would be even in the depths just to buy at the lowest possible price.
Understanding these and how most rallies would happen will most likely give you the advantage over those who don't reflect on these rallies.
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.