The rules of the bull market in the currency circle are mainly reflected in the following aspects:
Rules of the rise of currencies in the bull market: BTC will lead the rise in the early stage of the bull market, followed by a period of consolidation, and then the altcoins will start to follow the rise. After the altcoins rise for a period of time, they will enter consolidation, and the mainstream coins will take over and launch an offensive again.
After a long period of accumulation, it will be fast: if the price rises and falls within a narrow range for many consecutive days, forming a dense area, once it breaks up or down, it will cause a sky-high rise or a flood-like fall. But the bull market is likely to break through.
Trading volume restrains the price trend: look at the three-day line, the weekly line appears to absorb funds, and the currency rise is also slowly increasing.
The moving average is under your feet: Everyone knows the bull-bear boundary MA120. After a long period of consolidation, the daily level stands on some moving averages such as MA30 MA60 MA120, indicating that the general trend has been determined.
Technical adjustment: No matter how sharp the upward trend is, it is impossible to rush to the top in one breath. In the early stage, two steps forward and one step back. When the market starts to FOMO, it will usher in a staged top and start to wash out the profit-taking. This consolidation is technically called a technical adjustment.
Late bull market: It must be the concubine who takes the lead, and the copycat sprints to reach the climax of the market.
So how to identify whether it has reached the top, the technology is not very useful. Here you can use market sentiment to judge, or friends and relatives outside the circle start to discuss or ask you, how is the currency circle recently, don't worry, this must be the top, even if it is not, it is basically in place
