Analyst of Crypto, LONG Term investor || none of my post is financial advise. Do your own research before investing || ( Talegrram ) Account ( @ToTheMoon0008 )
When every retailer is Bullish what you think Big players will pump the market in a straight line. Of course not, they will wipe-out all panic traders by taking the consolidation long.
As you see many influencers start posting that they will sell their holdings because they know something that you can't.
š¹Identifying trends in cryptocurrency charts involves a combination of technical analysis tools and market context.
ā¦ļø Time Frame Analysis :
- Higher Time Frames (Weekly/Daily) :
Start with these to determine the primary trend. Trends on higher time frames are more reliable.
- Lower Time Frames (4-hour/1-hour):
Use for entry points or to fine-tune trend analysis within the primary trend.
ā¦ļø Visual Inspection :
- Price moves in a wave pattern. By studying the relationship between waves ( their duration, range and speed ) we will able to understand the nature of trend.
- Higher Highs & Higher Lows: Indicates an uptrend.
- Lower Highs & Lower Lows: Suggests a downtrend.
- Sideways Movement: Price oscillates within a range, indicating consolidation.
š¹ More information in upcoming post. Don't forget to Follow.