#C98 ACCUMULATION OF STRENGTH BEFORE MASSIVE MOVEMENT!
If you're looking for an in-depth analysis of C98, then, you're in the right place.
Here's why.
The best way to identify accumulations in the crypto market is after every decline, there will be absorption of selloffs by buyers. If you're new, we will expound this better for you.
We all know that in every declining market everyone will follow the trend by selling most of their assets and they will use some strategies to ensure they'll get ahold of high positions in the market such as waiting for pullbacks or corrective movements before entering. These selloffs will then be met by waves of buyers waiting like hungry sharks at the depths of the market. In this key levels, extreme demand will present themselves making most of the sellers stop their waves of selloffs. Identifying the accumulation phase is important to acknowledge the existence of a possibility of a markup in the market. The lowest depths of the market will always be subject to those who do any types of trade but mostly by those who take position trades who will hold it for months or even years at these levels. To identify these levels, you may use different types of indicators but an indicator that checks overall correction-decline can validate if the decline is almost done and accumulation is on its way.
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.
