Hello Fellow Traders,
Hope you're having a fantastic day!
I have attached the Month Candle Stick Charts for
Major Crypto Currencies.
If you see the common trend among them
and how they almost identically follow
Market rhythmic beat, as if they are all connected somehow.
Cryptocurrencies tend to move together because Bitcoin,
as the biggest and most influential coin, sets the trend.
When its price changes, other coins often follow since
many are traded in pairs with Bitcoin or Ethereum.
Market sentiment also plays a big role—when news or events
impact crypto, investors react, buying or selling different coins
at the same time. This creates a chain reaction across the
market. Additionally, because many traders see
cryptocurrencies as high-risk assets, they tend to move in sync
during times of excitement or fear. So, Bitcoin's dominance,
trading pairs, and investor behavior all link the prices of
different coins.
Can you predict the next 12-24 months trend?
Please share your thoughts in the comment section.
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