Quote from: naikturun on Today at 07:10:05 AM

Quote from: cryptonx on Today at 07:06:37 AM

beside news, i think if we understand about technical analysis,, we will know the right time to exit from the market in any situations
usually i use a tools such as fibonacci to predict the target price, for me its very useful tool
other traders use an indicators such as RSI to know if the price already hit overbought zone to know the right sell zone
and don't be greedy

I think the analysis doesn't really matter in a situation like this, who would have thought that some coins would go up more than 50% in one day.
it all depends on fomo or indeed market conditions are bull so all coins go up.

Alt which has unreasonable increase in a day is very risky to touch as you might be a victim of a pump and dump coin. If you enter at a wrong time, which usually means at their peak level, you will end up a bag holder of worthless coins if you happen not to sell it even at loss. It is different when we are talking about bitcoin. No one can easily do the pnd with btc. It is already an established market and it needs a lot of whales to manipulate the market. Whereas, for alts with small cap, they can easily be manipulated by its owners.