Open Secret Of Trading Crypto

By Mohammed Shakil on ALTCOIN MAGAZINE

TL;DR Version: Its VOLUME, to know why read it below.

If you have observed one thing in trading crypto, it’s that the crypto is highly volatile. Highly with a capital “H”.

Having a 100% jump is nothing abnormal for many Altcoin and 50% or more price fall is the fact after most price pumps.

Behind every price increase or decrease, there is a story. Unlike the traditional market, Crypto is the wild wild west of all trading assets. There is no denying the market are highly manipulated.

A few Whales can create a wave and take all for a ride.

So what can you do about it? Join the whales? Do you have that much money or will they trust you to inform you when and which coin they are planning to pump? How can you trust someone else with your hard earn money?

The solution!

Ignore the noise and focus on the price.

There is a little known fact about tsunamis. Before a tsunami comes and floods the beach and the inland, the beach water level first starts to reside.

If you can be informed when the beach water is residing abnormally that’s your early sign for the coming tsunami.

The reason I compare tsunami with crypto pump is that there is always some sign that all pump indicate. The question is to find those indicators and then tracking those indicators to know when the pump tsunami is coming.

For the first part,

Volume always precedes Price, Always with a capital “A”

Price need the buyers to rise, buyers need sellers to buy from, Seller needs a better price for their asset hence they increase the price, …. story repeats itself till the end of the price pump.

The reason volume is especially high when a pump is about to happen is because the buyer is buying at whatever price the market as to offer. Once all coin from one price is sold the buyer start buying the next price level.

Whats make Volume critical is the rate of volume increase in a lower time frame like 5 Minutes or 30 Minutes candle.

Second part,

Price change, more precisely the rate of change of price is very important to understand.

1% change is 1 Day nothing much, 1% change in 1 Hour might be interesting 1% change in 1 Minute is abnormal

Enough of texts, let me show you some examples