Prepump Signals in Cryptocurrencies - What To Watch For.
After XPM surged over 278% in two days, I wanted to study the chart just before the price explosion and see if there was a pattern I could identify. Then double check all the charts to find those with a similar pattern - to be sure I did not miss out on the next cryptocurrency to pump.
The pre-planning and work of Pump and Dump groups, the systematic professional buying of an investment fund, or the waves of buying from another source - all of them are revealed in the charts.
What are your thoughts on reading charts for tell-tale signs of impending massive price moves?
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YouTube version of the same video:
Expect the unexpected. Shortly after this video, bitcoin prices started to show strength, and many of the alts stepped back at the same time. The first 24 hours after the bitcoin leg up, many of the 'pre-pump' coins started potential top formations with uptrend lines broken or threatened.
Picking the exact moment any markets may move is like trying to shoot a hole-in-one on every t-off in a golf game. Nearly impossible.
But the monitoring and studying the trading journals is where the real learning takes place.