Here is a free trading tip, which we constantly remind our Premium Program members of, like clockwork: MARKET CAPS. Why?
The market cap essentially represents the amount of demand for the #crypto. More people buying, bidding the price higher, leads to a higher market cap. You watch the market cap to determine how the market should react in the near future. You watch the volume, the action.
Many traders like to watch the Bitcoin market cap. We do it differently, we tell our Premium members to always have open the Bitcoin Market Cap AND the Alt Coin Market Cap (see links below). Why? Well, you need to see how both interact with eachother to best determine where the money is flowing. If you see BTC market cap declining, where is that money going? Check the Alt-Coin market cap. Always have both open.
It’s a small but very handy tip. Always remember to keep your eyes on how the wider (marco) market moves. Understanding technical analysis (TA) is imperative.
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