š§āš» Lesson: Market events and their influence on cryptocurrencies
š Market events, such as regulatory announcements or mass adoptions, strongly impact the price and volume of cryptocurrencies. ā”ļø Positive news usually triggers rapid increases, while negative news can cause sudden drops. š It's important to stay informed and understand how these events affect market psychology and investor behavior. šÆ Analyzing these events helps anticipate trends and make better decisions in trading and investing.
š§āš» Lesson: What is TOTAL3 and why is it important for the altcoin market?
š TOTAL3 is the chart that shows the total market capitalization of all altcoins, except Bitcoin and Ethereum. š¼ In other words, TOTAL3 represents the pure market capitalization of all other altcoins. It is the main indicator of the strength of the low and mid-cap coin market.
Why should a trader observe TOTAL3? š 1. It shows the real strength of altcoins without including Ethereum. If TOTAL3 rises, it means that capital is entering the broader altcoin market.
š 2. It helps to identify the start of the altcoin season. The increase in TOTAL3 usually begins before the growth of individual coins.
š 3. It serves as a filter for trading in small altcoins. If TOTAL3 falls, the risk in altcoins increases even if the setups seem good.
š 4. It is a marker for liquidity entry or exit. TOTAL3 is the best indicator to know if participants are willing to take risks.
š Conclusion TOTAL3 is the thermometer of the entire altcoin market. Without it, it is impossible to know the real phase of the market: whether there is early growth, a shift towards altcoins, or the beginning of a deep correction.
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