The bulk of the investors who flock into the cryptocurrency market space are in here for earning passive income. Not all are in here for the fame of being listed in the Whale directory, while anyone would still want to be called the whale.

Every investor is interested in a comprehensive strategy for making profits from BTC and other cryptocurrencies.  The core logic of winning in any speculative market is hidden in the price action analysis in the technical charts.  More than theory, every investor should focus on the information which will help them make a profitable trade.

When traders sell their cryptocurrencies to make profits, the trend lines look red. Trend lines moving very sharp down indicates there are forced liquidations happening.  Weighing in a price situation involves assessing the cryptocurrency sentiment among investors. It is common psychology among cryptocurrency retail investors to protect their bottom line by taking profits when there is a significant rise in price action. Understanding when investors will take the profits is the key to understanding whether the price will be stagnant, move high, or low.  Some price pullbacks are because of profit-taking.

Typically after a huge rise in the market, watchers should expect to see a pullback. This happens when the rally becomes tired after spiking high and double. Watching the trend lines is important as it gives an insight into when the price will go up or down.  The green and red signals have their story to tell, and every cryptocurrency investor should understand these concepts.

It takes some time to make sense of all the Bitcoin and cryptocurrency Jargons out there for an average beginner. It is a beginner’s mentality to trade bitcoin or any other Altcoin with low risk. It is possible to make money by trading any market and in any chart level with some deep education.

Anyone putting their money into the Bitcoin space should learn how to read the trend lines to understand the support and resistance psychology of peer investors in the Bitcoin market. Price pattern-based study is important in BTC trading. Anyone who is trying to work in the BTC market without understanding the price trends is doing to beat themselves for having missed out on the opportunity.

Understanding the cryptocurrency market is important. Anyone who does not want to feel marketed by BTC advocates and then later high and dry feeling incompetent and without support should understand the patterns and trends. There are dangerous patterns when you should not enter or exit the market. Profiting also involves from smart shortcuts in the investment process.