Frax Share Qualitative Market SignalsHere we have two main signals to consider:
1) The bottom going flat. This one I just mentioned in the STORJBTC trade-idea. When the bottom goes flat vs lower lows as in the downtrend, it signals upcoming change.
2) Steep decline. A very strong/steep decline tend to leads to a very strong/steep rise.
There is another one but this isn't such a strong signal on its own:
3) Prolonged bearish action can lead to massive bullish growth. When the market over-extends in one direction, it tends to compensate by moving with strength, when it does, in the opposite direction. This means that the bullish-wave can develop with maximum growth momentum; this is only a potential.
There is more...
4) Marketwide action. The most important signal might be the rest of the market. What one does; the rest follows.
Just as the other altcoins are starting to wake-up, on the bitcoin side, we can expect those pairs that are active and ready, to do the same. Of course, not all of them will move but there is a certain group that will surely do.
The fact that the other pairs are waking up, printing bottoms and breaking out, is positive signal that related pairs can and will do the same.
This is the next level of technical analysis. Using the qualitative aspects of the market to spot the correct chart setup and extract the right numbers to trade.
Thank you for reading.
All the information here shared is intended for learning and entertainment purposes only. Your support is appreciated.
See you on the next one.
First meditation, then work.
Namaste.
