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
No, CMC doesnt work like that, yes you can check out prices but come to think that those are just average price of all the exchange price on a particular coin.So it wont really be a precise thing for you to consider or rely on.
When you do trade then always stick out to those price tickers or candles on where you are trading but if you are a type of trading or investor that do only buy and hold for long term then this one wont really be that much as an issue but if you do make active or day trades then its a different matter.