The main standards that indicate the bottom of the encryption market, according to Santiment

As the encryption market continues to trade, the Santimer Analysis Company has set the main standards that can help traders to determine the market bottom. These indicators participating in the market enables to know when it is safe to inject more capital into their portfolio in anticipation of future gatherings.

According to Santiment a reportThe scales include social trends, the accumulation of main stakeholders, the decrease in the average age invested in dollars, social domination of fear, uncertainty, and suspicion (FUD).

When below the market?

The encryption community constantly talks about coins and expects the trend to which their prices are heading. Santime said that these social trends are greatly affected by the momentum that the markets have shown during a period of time, which makes traders ’decisions based on most occasions.

For example, a slight decrease in the price of the original – Pitcoin (BTC), for example – may lead to a sudden declining narration, with the depiction of social media feelings. The opposite is often seen after a sudden rise in the value of the cryptocurrency. Consequently, traders can anticipate future price movements by paying attention to the vocal majority on social media.

While paying attention to social trends, the dominance of positive or negative comments can indicate a fun time to buy or sell. Santime indicated that a high level of fear or missing (FOMO) will lead to high prices soon; However, the pioneer can lead to great opportunities on the bottom.

As a result, projects with high levels of negative spirits offer good purchase opportunities, as prices often move in the opposite direction of the crowd’s expectations.

Old currencies that return to trading

Since the encryption community is often mistaken in predictions, whales move prices in the way that suits it because of its large capital, which controls the market. Santiment says merchants should see the main stakeholders regardless of the origin they analyze.

The best time for purchase is when encryption prices drop, and the whale wallet accumulates strongly. When whales begin to accumulate, there is often an increase in transactions worth more than $ 100,000 or a million dollars, so Santiment insists that an increase in large transactions sizes is often an upward mark.

Finally, the decrease in the average intermediary in the dollar also indicates the market bottom. This scale informs the average dollars invested in assets. When this indicator decreases, this means that a healthy level of sleeping symbols is due to the normal blood circulation, which may lead to a market gathering.

It is worth noting that the average invested dollar works along with another scale, consuming age, which indicates the number of changing titles symbols on a specific date multiplied by the last time it moved. A large rise in consumer age helps predict market ships.