The #Bitcoin bull market is like 90% confirmed now. Price broke the last daily lower high, but we need one more higher low and higher high on the daily. With that being said, the high increase in volume was noticed when Bitcoin pumped aggressively from ~$62.8k to ~$81k.
@KernelAgent@BillLaboon A couple of years later, you guys are starting to make noise. It seems like Polkadot is slowly turning into the new NEO or perhaps EOS. One day it was popular, then it lost all popularity. I think more and more people will realise only Bitcoin is worth it long term.
The crypto market has definitely matured when it comes to how price reacts after each downtrend or pullback. It's starting to resemble Forex more so. I'm referring to the top cryptocurrencies though.
@giottodf You don't care what people or trading bots or market makers do, because as long as you trade with the trend, the probability is higher on your side over a number of trades. Data proves it.
@giottodf You short, you set a stop loss, you set a take profit. If price drops to a certain level, you move your stop loss to break-even, then you are risk free even if it goes against you. You can use basic trading principles of risking 1-2% of your account size and target 4x your risk.
It was interesting how the market kept acting strange before the big dump, as in with every pullback in the downtrend, it was coming back very strong with big buy orders. Basically the market makers and big investors prepared for this big dump and they planned it.
@OrlandoG85 It doesn't matter that Polkadot has good tech if it lost users and the active users are the Ambassadors, Validators and some big bag holders who didn't sell on time. Given what happened in crypto over the years, it should be clear to everyone that altcoins attract mostly gamblers
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