You only need 5 minutes to read and understand these. By then, you will find yourself becoming profitable.
ONE OF THE TOP INDICATORS IN THE WORLD OF CRYPTO!
Have you ever heard of the one indication that practically everyone believes should be ignored but is actually a very useful one for trading?
Allow me to explain it to you.
You may always rely on this indicator! regardless of the state of the cryptocurrency market. A token's propensity to maintain its optimistic or bearish market attitude will undoubtedly be shown by the fear and greed index. This indicator has a wide range of applications. First, the general level of fear and greed that people are experiencing can be used to determine the direction of the trend. You can then determine if it would be beneficial to acquire a token when many people are afraid and sell a token when many people are greedy. The fear and greed index will tell you much more than these. And there are more!
You can determine precisely when to stop trading and simply watch from the sidelines by measuring the general sentiment of the market. This enables you to take numerous breaks from the cryptocurrency market. It lets you relax, and a trader who is at ease will make a lot of excellent trading choices. The next time you ignore the fear and greed index, remember this. Always keep in mind that it might prove to be very helpful in determining the truth about what is occurring in the cryptocurrency market.
THIS RULE OF THUMB MADE A PROFITABLE TRADE OF 70.50%! (HERE'S HOW YOU DO IT!)
There are certain crypto market unspoken rules that almost everyone follows and if you're not yet familiar with one of them. Let us guide you.
Every time the market moves in one trend on a daily basis, we always follow the same trend until the day is done. Although, there's also one way to prepare for potential market shifts. The rule of thumb follows when the market doesn't have any trend reversal by 11 AM EST. There will be lesser chance of trend reversal during the rest of the trading day or it would even turn out to be the rest of the week.
Now, take a look at PENDLE.
After we have took the initiative to look for potential market reversal on PENDLE. We were able to highlight on the support key level where the market shifted at 11 AM EST. Thus, for the entire month, we were able to find that the market has already shifted to the opposite direction from the initial trend highlighted.
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.
