Post
Topic
Board Speculation (Altcoins)
Re: Advice on trends
by
Vaculin
on 23/08/2021, 23:32:08 UTC
With regards to altcoins - mostly Ethereum and Litecoins - is there a time of the day/week/month when they tend to go up/down? Im guessing trading on the weekends is quieter than during the week?

Appreciate any input ... thanks
What you should know is that the crypto market is uncertain and there is nothing we can do about this, All altcoin tend to follow the Bitcoin price either when it goes up or comes down. We can't determine when the price of an altcoin will rise or fall except when the market is being induced by a force especially when it is being spike and dumped leaving the price to continuously falling since the price is being manipulated by the whales.
Perhaps, the market remains unpredictable. No matter how long we've been in here but still, we can't tell what will happen next.
if I have a plan to invest in altcoins,  I usually taking a look at Bitcoin's trend as the basis of my analysis. Because as the moment that Bitcoin will pump, it was natural to see that altcoins will do the same. If we could make such anticipation before the pumps started, that was your advantage but can't guarantee a 100% effectiveness.