Gauge the crypto market sentiment (Institutional & Retail)Whale and institutional investors initiate the trend in the Crytpo market while retail investors help pushing that trend to its peak.
Of course, there are many more things to look out for, but you will be staying one step ahead of many ppl just by paying attention to these few things in my chart while avoid becoming bagholder yourself.
Cotreport
Practical Exercise - COT ReportCOT report stands for Commitment of Traders report.
It tells us about where the Big Boys are placing their ‘bets’.
The COT is published weekly on Friday and reflects Tuesday’s data.
Practical Exercise
1) Refer to the COT report data given below.
2) Write down your interpretation of the data.
3) What are your observations and what they mean to you as a trader.
4) Post your exercise on the comment section in the thread.