I've heard a trader say that he uses market cap in relation with the current price, to easily determine where the high or low of the market is – allowing you to plan ahead when placing your trades.
How do you do this?
Any idea?
JH
Each person has his own way of analyzing the market and making money. This is also a way to make big short or big long shots. But for bitcoin, I'm afraid this analysis is inaccurate. The demand for bitcoin in this market is very chaotic and the small fish are often heavily fomo resulting in manipulation. so the analysis of market limits will be difficult to correct and choose a good time to enter the order. so I don't encourage you to learn this way.