Learning New things about the crypto market
The crypto market is highly volatile and from my little knowledge about it, you can never predict the market 100%. During the week, I decided to read and also make a little research on the crypto market.
I will be discussing with you all my findings about the market and how the market also functions. I was looking through my exchange for the past week now, I discover a little secret I wish to share with you all. Though this may not be the same every time but I guess some traders have gained a lot from the strategy.
The things I found out were the movement of the crypto asset in the bullish or bearish direction and the time that this movement normally takes place based on my local time here in Nigeria. Over the years, I have always tried to learn how the market moves.
So this past week, I study the movement and I notice that there is always a dump or downtrend or bearish movement in the early hours of the morning say 6:30-9:00 every day. This is usually a good period to enter the market and sell your asset. This may be different for other people in other countries because their time may differ.
The pump or the uptrend or the pump on the other hand happens during the afternoon section usually during the period of 12:00 - 3:00 pm, though I haven't found out the main reason for such reaction yet. But one thing I know is that once the market is going up or down it goes very well during this period.
There are many more things I'm still learning but I will update us next time when I have a better knowledge about it. Until then, remain safe and always blog with love. The crypto market is favourable sometimes but it may go against in some occasions so which ever situation you find yourself, trade with caution and i also learnt you should never put all your capital in the market.
Thank you, friend!
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