Hello Friends,
We will talk about whether or not the relationship between the graph and the up / down price of a cryptocurrency
If you are a participant in the cryptocurrency market you will wonder why the price of a coin is up or down erratically?
Any participant in the cryptocurrency market must refer through the chart. Whether a newcomer or experienced person
1. Chart
There are many types of charts we can refer to Bar Chart, Line Chart, Candlestick Chart.
The chart always has its actual value.
It reflects the trend of copper coin up or down periodically, according to timeline, according to the Asian, European and American sessions.
We can use the chart signals to determine if the next trend in the market will increase or decrease in order to make a reasonable order.
2. New people
As Trader, the first thing we can do is to execute small commands to test our predictability.
After a few win / lose we will have more experience. But instead our investment will increase.
We need to find out why they are up / down and then we will go to the chart.
People with no experience or knowledge will seek information from a reputable source.
3. Expert
Experts will use graphing cues to determine future coin trends. But experts will always be faster than new ones.
Experts always have the wisdom, experience in the cryptocurrency market.
4. FOMO
So whether a newcomer or expert with charting experience will gradually have a general view of the trend of a coin.
When analyzes talk about an upward or downward trend with a fixed target, whoever joins the market will try to buy until it reaches that target.
Then the FOMO effect occurs simultaneously causing the coin to go up / down continuously regardless of the effort of some individual. That coin will increase day by day.
5. Conclude
In fact, we are the person who decides the graph is correct or not, not the graph that says it.
Try to be experts, do not slow down or listen to others.
Try to pay attention to the news, news of cryptocurrency impact the market.
Pay attention to the sharks, who have large property blocks, they can afford to affect the price of coin.
Believe yourself more, Graph trend is created by us. Remember that.