Understanding Market Cycles in CryptoCurrencies | DataDash
Learn about current price action, look at daily, weekly, monthly trading action. People get concerned about short term price trends. Understanding market cycles in cryptocurrencies and market manipulation can help you get through the short term scares.
In a short time frame, whales in the market are able to trade on some exchanges and then use leveraging systems on margin to profit off market manipulation. Eyes seem to be on the short term cycles of the market, but we must remember to look at the long term cycles and try to remove unwarranted emotion out of your trading equation.
The people who usually win in markets are not the day traders. 90-95% of day traders do not usually win, and the 5-10% of day traders that do win, usually do not win in comparison to the swing cycle investors. Watch this video to learn why swing cycle investing can be a better choice, this is an opinion video by DataDash.