- Analyst spots deceptive crypto market pattern.
- The current dip in the crypto market as a typical shakeout.
- Best-performing coins are not good buys ahead of a bull run.
The crypto analyst hosting the House of Crypto YouTube channel has identified a crypto market pattern that may mislead retail traders who don’t understand it. In a recently uploaded video, the analyst segmented the cycle into different phases, including depression, hope, and shakeout before the explosive bull market.
The House of Crypto host described each phase, explaining its potential impact on a retail trader’s investment habits. According to the analyst, the depression phase occurs immediately after a bear market, leading many traders to believe the crypto market may be over. A rally that injects hope among retail crypto traders follows immediately after the depression phase.
As part of their analysis, the host showed how pullbacks follow the rally to cause a “shakeout” in the crypto market. They noted it as a phase where retail traders could lose faith in the market before the beginning of an explosive rally.
Meanwhi…
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