Sharp movements in the crypto market guided by BTC.

in LeoFinance2 years ago

Greetings to all readers of this great content platform, especially to those who make life in the great community of #LeoFinance, in the present opportunity I come to share with you once again the behavior of the crypto market, especially for what has made today the BTC, surprising many people who could earn good money or lose a lot of money, it all depended on the decisions taken on the day and how to deal with them.


Screenshot taken at: Binance

The crypto market, guided by the BTC, has always instilled respect and sometimes fear in people, this is mainly due to the strength and speed of the movements of this market, being the insignia of the market the volatility that this has, which really instills respect to start making operations in the crypto market, and today the same has made clear how is its market behavior, throwing wicks in all directions.

Checking the BTC chart, which I shared in the cover image of this publication, we can see how the market behaves in an extremely abrupt way when making its movements, observing the 4-hour chart, we can see how in a single wick reached its maximum of the day almost at 20k of its market price, a situation where many people who bought below were able to sell and others with the illusion that the market was rising more decided to buy.

The reality that was faced is that, in the next candle when not even 2 hours have passed from reaching its high of the day almost at 20k to reaching its low at almost 18k, being this situation really an example of the BTC behavior, where those who know how to read the market sold for sure at the 20k and have already bought again, while people who are carried away by the emotion, ended up in losses or trapped while the BTC rises again, for not having a clear picture of what is going on.





All the images used by the Author @Chucho27 are Public Domain, in each one of them you can find the source of the image.

The image used in the banner at the bottom is by the author @chucho27, made using the Canva application.

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Hello @chucho27

Those who took advantage and set up trades in "Short", today are in profit as they got ahead of the FED announcements, which no doubt due to the high correlation with market crashes including the cryptocurrency market it was foreseeable that the price would drop

Best regards, be well.

Hello Luis.

That is real, many people I am sure took advantage of the moment, those who did not think clearly are those who are in the worst moment of psychological pressure.

greetings @chucho27
no doubt that the volatility of the bitcoin market served for some to gain and others must wait to capitalize.

Hola Amigo.

Actually this volatility in the market has benefited the more astute and the people who follow it closely, anticipating market events.