For almost two years bitcoin tradings do not lose their relevance. Going through vigorous growth and significant falls, bitcoin is in some calm conditions at the present time. All share analysts are braced for its new jump, that usually entails a huge bull trend.
But how to know it is going to happen soon? In this article you can pick up some good advice, which signs indicate the nascent bull trends.
1. Observe the correlation between bitcoin and altcoins market shares
In peacetime bitcoin and altcoins duplicate each other’s performance and do not have any big differences.
But before bull tradings bitcoin noticeably detaches from other currencies, and its market share begins to grow – do not miss this moment of the correlation decrease!
2. Monitor the burst of activity in bitcoin virtual communities
Yes, it may seem a little bit banal, but try to observe different web resources devoted to relevant news about bitcoin and cryptocurrencies. The most popular sources of information are closed Telegram app channels, where members discuss everything about bitcoin trends and the possibility of cryptocurrency use.
There are also plenty of such websites as News.Bitcoin, Reddit, and Medium – here you can observe not only keep track of the latest announcements and articles on this topic, but also see the statistics of visiting the site. As usual, more transitions to the site and a sharp increase in visitors can clearly talk about a certain boom around bitcoin. Get ready for share battles!
3. Follow the quotations
The bitcoin price begins to grow fast – it means the beginning of a bull trend, so do not miss the changes. In this case it is not worth remembering any rapid falls – we recommend you to stay in the game of the bull trend as long as possible in order to get the maximum and effective profit from the whole process.