ARE CRYPTOS NOT PROFITABLE?
To understand cryptocurrencies you need to understand what influences them, they are mainly influenced by:
- supply and demand
- government regulations
- economic and technological news
- investors' perceptions and feelings
- as well as the movements of major market players.
For that :
1- I closely monitor economic news from the US, EU, ASIA, and the world of cryptocurrencies (Laws, Articles, Twitter, Chat..)
2- I study the indices linked to market sentiments and investor fear and the reasons linked to this
3- I monitor even more closely the transactions of whales who tend to make avant-garde movements on the market.
Analyzing these different factors allows you to better understand market trends and expectations.
Sometimes the market remains unpredictable because of the feelings of different market players, but this same market is often corrected by reason!
This is my working method and not financial advice.