PRICE MOVEMENT
Now that we have found a good altcoin that has managed to maintain a stream of consistent volume over a sustained period of time, we want to go ahead and asses the profitability scale of the coin by looking at how it has performed in the past.
Looking at the ALL chart, you want to see that your coin has had multiple high percentage price hikes in the past. This goes back to what I mentioned earlier about using predictable behavioural patterns to your advantage.
Multiple spikes and a stream of consistent volume, indicates that there are traders who are constantly buying this coin every time the value declines which is a great indicator simply because people do not consistently throw money at something that isnt lining their pockets with cash.
Now that we have found a good altcoin that has managed to maintain a stream of consistent volume over a sustained period of time, we want to go ahead and asses the profitability scale of the coin by looking at how it has performed in the past.
Looking at the ALL chart, you want to see that your coin has had multiple high percentage price hikes in the past. This goes back to what I mentioned earlier about using predictable behavioural patterns to your advantage.
Multiple spikes and a stream of consistent volume, indicates that there are traders who are constantly buying this coin every time the value declines which is a great indicator simply because people do not consistently throw money at something that isnt lining their pockets with cash.
I'm glad that you posted this
too many people cant even comprehend that EVERY SINGLE MOVEMENT in crypto is part of a "bigger picture" so +1 on that
volume is like fuel and the altcoin is the vehicle
if there is a disgustingly loooong accumulation period where huge amounts of volume is being pumped into a coin, then you had better get you some of that coin
because when the coins ready to lift off it's going to be a shit storm of profit