Fear and Greed Factors
Crypto trading is now a day's a fashion. Entering crypto is an easy task just made a n 🆔 ID 🪪 Verify it Deposit some FUNDS and let's go.
But wait 🫷🏼... did you learn it did you ever read the charts or watch the levels of highs and lows of the coins.
Simple, if you take a $BTC for example.
The big buddy of the crypto 🪙 world 🌍. BTC rulling the market since trading going on live. The most dominant coin of crypto. Dominance means like the coin in which most of the fund or money goes in or simply the one which mostly bought out. Yes the BTC is the coin mostly bought. let's take a look 😉. If you open the BTC and click 1 week chart. You will clearly seen the price of the BTC from bottom to top 🔝. If you watch it then take a look on the level of prices over time form where it rises and from where it dropped, e g., in 1 week candles chart BTC was once on 15000$ and the upward ⬆️ direction gave it a rise until it reached 126000$ bench mark ‼️. That's not happens magically but behind it's really based on the money 💰🤑 flow into the BTC buyers buy it low Levels and excessive buying gave it a hype the real hype 😎😀. That was the reality behind PUMP.
But if you see the negligence you can watch the $OM It dropped form 9$ to rubble's means the coin got Dead and the market neglect that coin to further buy. Major factor of prices rising is the buying by the Major buyers 🐳🐋🐳. The 🐋 WHALE'$ when they invest their big amounts in any coin like 100 millions or billions 💰🤑. It start pumping and the rest of Buyers follow theirs traits 😀.
So the Fear a d Greed factors happened when the buyers like whales 🐋🐋🐋 shows their interest in one coin or neglect it.