Market Frustration = Trading Opportunities

B1HC...QpyA

19 Jul 2024

101

Is This Your First Crypto Bull Market?
Newcomers to the Crypto space are likely a little confused. After all, isn’t a bull market for parabolic price action and euphoria? The short answer is yes. However, as with every other market condition, bull markets experience sideways chop and significant downside. A bull market is unique due to its inexhaustible and robust momentum to the upside. This is sometimes disguised due to heavy selling pressure from time to time.
Regardless of momentary dynamics, which appear contrary to bull market behavior, markets eventually resume their uptrend. This sudden continuation to the upside often catches market participants unaware. It’s evidence of just how bullish a bull market is. Once event-induced selling pressure has been absorbed, bullish continuation resumes. This sudden gear change appears illogical to many newcomers. However, it’s not.
This is yet another example of a relativity ratio in action. Understanding the weight of the selling pressure against the bullish momentum helps to correctly interpret the extent of the potential surge in price once that weight has been fully released on the market. Even if one can accurately interpret and measure future moves, there is a waiting period. The absorption of selling pressure requires time and is also relative to the available volume in the order books.
While You Wait
Waiting for a market to respond can become frustrating, even for the most patient. The challenge is to make the best use of the opportunity at hand. Bitcoin has been trading in a relatively tight range for some time. However, many altcoins have been trading in a somewhat extended range. This, my friends, is the perfect opportunity for traders to begin extracting value from the market.
Instead of complaining and becoming impatient, investors should be trading the range-bound volatility of their favorite Crypto assets. Altcoins have been offering some excellent short-term trades, and even swing trades. However, if as an investor, you choose only to wait without utilizing the opportunities at hand, you are missing out on some amazing trading opportunities. A range-bound market is excellent for short-term trades.
Trading a sideways market while you HODL your long-term holdings is the best option. Firstly, it keeps you in touch with the market, and secondly, it increases profitability. This can then be used as additional capital for long-term holdings, while you continue trading with the initial trading capital. Many investors become complacent waiting for the market to respond appropriately, compromising efficiency.
Remember, educated and knowledgeable investment decisions are the most powerful. Becoming apathetic towards a market slowly erodes one’s dedication and efficiency. By remaining engaged in the market, one can gain an advantage. Just look at OTIA over the past week. This new micro-cap has provided multiple trading opportunities. The overall market appears stagnant. However, countless trades are on offer to the diligent.

Free Avalanche (NEW)

Final Thoughts
It’s easy to make excuses regarding market “stagnation”. However, for those who are willing to seek, they will find. This market is still offering significant trading opportunities. Yes, as a HODLer you might be disappointed. However, that in itself is an opportunity and invitation to begin seeking out trading ideas. I have enjoyed many intraday trades over the past few weeks.
A recent trade on SATS lasted approximately 2 weeks and yielded a return of 140% without utilizing leverage. In other words, a clean 140% profit within 2 weeks from a market many believe to be stagnant. It comes down to your decisions and where you look for trading opportunities. Don’t miss out! There are many excellent trading opportunities. There’s always an opportunity in the market. Catch you next time! All the best!

Free Tron Every Hour

Disclaimer
First of all, I am not a financial advisor. All information provided on this website is strictly my own opinion and not financial advice. I do make use of affiliate links. Purchasing or interacting with any third-party company could result in me receiving a commission. In some instances, utilizing an affiliate link can also result in a bonus or discount.
This article was first published on Sapphire Crypto.