Five Major Trends in Cryptocurrency Trading
Prices rise quickly and fall slowly, indicating that the market makers may be accumulating. If the price jumps rapidly up and then slowly declines, it is likely that the market makers are quietly gathering chips, preparing for another big surge.
Prices fall quickly and rise slowly, indicating that the market makers may be unloading. If the price suddenly drops and then climbs slowly, this often means that market makers are gradually selling off, and the market may be heading downhill.
Don't rush to sell when there's high volume at the top; if there's little volume, run and don't look back. When the price reaches a high point but the trading volume is still significant, it may continue to rise; but if the trading volume decreases, it’s time to pull out as the upward momentum is fading.
Don't buy when there's high volume at the bottom; consider buying when there's sustained volume. If trading volume suddenly spikes at the price bottom, don’t rush to enter, as this could be just a brief pause in a downtrend; however, if the trading volume continues to increase steadily, it indicates that funds are quietly positioning, and it may be worth considering entering.
Trading cryptocurrencies is all about trading emotions, and public opinion is the barometer. The rise and fall of coin prices depend entirely on market sentiment; the size of trading volume reflects market opinion and investor sentiment.
In fact, everyone understands these principles, but sometimes the urge to trade and greed take over, leading to injuries in the end. Risk management is a profound subject! Listen to advice, and stay well-fed! If you can't understand the market trends, feel free to come chat with me anytime!
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