The crypto world is growing every day. Bitcoin and other cryptocurrencies are becoming more popular than ever. Is this good for Bitcoin? For altcoins? What about the future of cryptocurrency? In this article, we will find out about the future of cryptocurrency by looking at some recent events and news.
The first thing that I want to talk about is a website called TradingView. Some of you might have already heard about it, but for those of you who haven’t, I’ll explain briefly. It’s a website that allows users to post financial charts online to share trading ideas in real-time.
Another important thing that I want to talk about is a website called CoinCodex. It’s one of the most comprehensive ICO trackers in existence. The reason for this is that it has an API that allows automated data collection from various exchanges, wallets, etc.
There are so many other platforms that offer a wide range of solutions to aid in your crypto trades.
Now let us take a look at some market signals that you should pay attention to as a crypto trader.
These signals will tell you whether now is a good time to buy or sell on Bitcoin Motion.
1. Check for market manipulation
Trading bots have been employed by big investors and exchanges, so it’s pretty hard to say who the real manipulator is. But if you see an abnormal activity in a certain coin price, there could be a chance that the price is artificially pumped up.
On the other hand, if you see that most of the coins are pumping at once, there could be a chance that it’s over-pumped and they’ll pull their support soon. This kind of market manipulation makes sure investors make quick profits.
2. Market cap & volume analysis
Big movement in market cap shows that something big is happening in the crypto market. Chartists should pay attention to these kinds of price movements. The market cap could rise or fall depending on demand and supply. If you see a sudden increase in the volume, you can be sure that there’s an active pump going on.
3. Exchanges & wallets
Besides market cap and volume, you should also pay attention to the exchanges where the price is moving. Different exchanges have different prices because one of them might be pumping or dumping a coin. You can see it very easily when you look at the order book and market history charts on an exchange like BitMEX, for instance.
One of the more interesting things that you should pay attention to is whether or not an ICO is over-hyped. As mentioned earlier, these kinds of market signals will tell you if there’s a pump and dump going on for a certain crypto coin/token.
5. News and rumors
Finally, one of the best ways to predict the future of cryptocurrency is by following the news and rumors. You can see different cryptocurrency influencers talking about a certain coin and what kind of potential it has. For example, you might have heard about Tron before and how big it’s going to become in 2018.
So there you go! These are some tips that I think will help you make smart trading decisions when you’re in the cryptocurrency market and they will allow you to make an informed decision on whether or not it’s a good time to buy or sell.
Today we looked at different charts, signals, movements, exchanges, news, rumors and analyzed them because that is what everyday traders do. With this information, you should be able to make a better decision when you’re trading.