IDENTIFYING THESE FACTORS WOULD LEAD TO AN EVENTUAL STRONG OPPORTUNITY GRAB! $LINK
Have you ever been confused on every possibility formulated in your mind caused by the crypto market's sudden changes of price?
Then, this article might help you lessen the confusion.
Looking at the crypto market on how possibilities are formulated can make you create more than 2 scenarios. This is also one of the steps where you can consider yourself on your way to gaining expertise in analyzing. With the ongoing bullish sentiments experienced by the crypto market. You have to formulate possible scenarios that may likely happen.
To lessen the confusion here's how you must go about it:
- Check whether the crypto market may experience rejections/corrections. From there, you can see a potential pullback that BTC or an altcoin may proceed with. After checking this potential pullback, you can then be patient enough and wait for further confirmations to enter a long trade.
- To verify confirmations in the crypto market with your long trade. You have to check where most demands would be met by the buyers. Assessing the key levels where buybacks mostly happen is essential too.
- An example of a highly anticipated buyback would be when BTC hits a NEW high. You expect the price to attain a level of correction where it would be then met with a 2%-10% price difference. This price range of 'difference' could lead to strong retracements where you can take substantial profits for your long entries. Any other price difference that are higher than these would become levels where BTC or any altcoin would establish their supports for markup phases and resistances for markdown/decline phases.
Why are we talking about this?
Aside from the fact that you can lessen your confusion about 'potential' scenarios. You can also gain more advantage than those who has never known these facts and you can create strategies that will make you take advantage of every market swing.
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.