There are patterns in the rise and fall of the cryptocurrency market. Only by understanding the mind of the market makers can you be at ease!
[1] The price of a coin rises rapidly, but it takes a long time to fall. This is probably because the market makers are secretly hoarding goods and preparing to set off another wave of craze. They want to buy at a low price, so they deliberately let the price fall slowly, so that retail investors panic and sell quickly, and they can take the opportunity to pick up bargains.
[2] On the other hand, if the price of a coin falls rapidly, but it rises slowly like climbing a mountain, then you have to keep your eyes open. This may be that the market makers are secretly dumping goods, and the market may be about to change. They want to sell at a high price, so they deliberately let the price rise slowly, so that retail investors think there is still a chance, and continue to hold on, so they can take the opportunity to get out.
[3] When the price reaches the high price zone, the trading volume is still rushing up, then don't rush to sell, there may be more fun to come. Large trading volume means that there are still people trading actively and the market is still strong. But if the trading volume shrinks to a slit, then you have to withdraw quickly, because the small trading volume means that no one is interested in trading and the market is about to lose momentum.
【4】In the low price zone, if the trading volume suddenly increases, don't rush in to buy, it may be a short break on the way down, and the dealer may still take the opportunity to sell goods. But if the trading volume has been steadily increasing, then you have to think about entering the market, because it means that someone is actively buying, the market may be about to reverse, and the opportunity may be right in front of you!
The above is purely my personal opinion. Investment is risky. You need to be cautious when entering the market. Everyone should consider it on their own!
