If you are new to trading, you may hear words like “whales”, “bears”, “bulls” and more! 🤔
Don't worry, here is a simple explanation of each term:
1. 🐋 Whales:
Large investors or large institutions that own huge amounts of assets (such as cryptocurrencies).
🔹 Their influence is very big; if they sell or buy, the market can move suddenly.
2. 🐻 Bears:
Investors expect prices to fall and act accordingly.
🔹 Bear Market: When prices are in a downward trend.
3. 🐂 Bulls:
Investors expect prices to rise and have an optimistic outlook.
🔹 Bull market: When prices are in an upward trend.
4. 🐑 Sheep:
Investors who follow others without clear analysis or strategy.
🔹 They are said to move with the herd, and often lose.
5. 🐺 Wolves:
People who exploit the market in unethical or illegal ways to make a profit.
6. 🐇 Rabbits:
Investors looking for small, quick profits while avoiding big risks.
💡 Tip:
Understanding these terms helps you read the market and react to its movements intelligently. Always be keen to learn and have a clear strategy.
🚀 Get ready to enter the world of trading with confidence!