REALITY ABOUT THE CRYPTO MARKET THAT NO ONE WILL TELL YOU (A GAME CHANGING REALISTIC APPROACH!)
REALITY ABOUT THE CRYPTO MARKET THAT NO ONE WILL TELL YOU (A GAME CHANGING REALISTIC APPROACH!)
You may have already been accustomed as to how the crypto market works in a volatile way. Although, there's actually an easier way to understand where the volatility, impulsive movements and as well as the traps are.
Let me explain it to you simply.
There are many traders who are still not aware of the existence of these factors that whales use to play in the market. Market structures will tell you always how the price should play out. However, most of the time, you get distracted and misdirected. Here's how it happens. Every time the market shows you a direction and you enter it immediately without second thoughts just because of the hype around it. There's a tendency for it to include you in its list of shakeouts. To understand shakeout easily, its when most would enter late longs/shorts in a market that has already went up/down massively (e.g. markup and decline market structure at their climax and spring). As well as entering early longs/shorts in a market that's still testing out its resistance and support. Imagine a spider catching its prey on its spiderweb, that's almost identical to those who enter early/late longs/shorts at critical points of the market where shakeouts may happen.
Now, how does this affect the volatility of the market?
Since most have already taken sell orders at the support key levels where its highly likely to bounce first before breaking down. Many would get shaken out from the market's movement and hence, creating impulsive waves from the liquidities they've caused. By the time many would think of an immediate breakdown. Therefore, the way the market intensifies its volatility is through the different decisions casted by most traders but 1 direction that would cost their total trade to become part of the liquidity in the market.
Stay wise, trade cautiously.#Everyone e#HIGHLIGHTS
