in the crypto market, after massive drops like the past couple of months, the market transitions from distribution to a possible accumulation or re-distribution phase. if we are switching to accumulation in the crypto market, most of the traders would think that whales are only accumulating crypto on FIAT pairs which is wrong. they even profit when they are accumulating.
how? they would trade their bitcoins for an altcoin and then pump that altcoin (when BTC is in a range or doing a local upthrust) to accumulate even more bitcoins for a rally.
in my opinion, we are entering an accumulation phase, so beware of random pumps, and if you are trading an altcoin try to monitor the Altcoin/BTC pair as well.
please like and share this idea.
let me know in the comments what you think.
how? they would trade their bitcoins for an altcoin and then pump that altcoin (when BTC is in a range or doing a local upthrust) to accumulate even more bitcoins for a rally.
in my opinion, we are entering an accumulation phase, so beware of random pumps, and if you are trading an altcoin try to monitor the Altcoin/BTC pair as well.
please like and share this idea.
let me know in the comments what you think.