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Entry 1 / Test :  What's currently happening in the crypto market?
Shuriken

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4 min read

Entry 1 / Test : What's currently happening in the crypto market?

Entry 1 / Test : What's currently happening in the crypto market?

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3 months ago

Entry 1 / Test :

What's currently happening in the crypto market?

Everyone should repeatedly ask themselves this question and, based on their answers, formulate specific theses.

The purpose of research on the platform is precisely to ensure that after reading, a user either forms their own ideas about the market or adopts someone else's. Most importantly, they should remain thoughtful and not blindly copy others.

Moving from flights of fancy to discussion.

Currently the bull ran doesn’t resemble the previous one. Traders should be more focused on identifying rotations from one narrative to another which are constantly happening and try not to be involved in trash tokenomics. It all sounds a bit cliche but the views on the cycle haven’t been changed. I’ve also come across several perspectives that, when combined, could be valuable additions to anyone’s arsenal in this cycle.

What are them?

To better understand the sentiment and consensus, it's important to track the market dynamics, as they best reflect these aspects. Moreover, it offers clear insights, especially at boiling points where corrections are inevitable, though please don’t forget that a correction does not necessarily indicate a trend change. For example: when the crowd rushes into high-volatility altcoins and their values increase significantly, it becomes too risky and late for others, yet they still wish to take risks. Where will they over-leverage? Bitcoin is not appealing because it is unlikely to go parabolic, so they try to “sit on two chairs” often choosing Ethereum. Such market dynamics typically precede corrections, as leverage should be periodically rinsed. By becoming aware of current consensus, the state of the market, sentiment, and more, we can analyze future scenarios, which may lead to opportunities for early entries. As one extremely skilled trader once said, “Often times I just look for the most entertaining outcomes.” And indeed, these developments usually go against the consensus.

The potential for developing easy-to-use analytical tools through Oshu seems boundless, with a roadmap that takes the project beyond mere analytics. As for the beta phase, the tasks of the platform can be compared to elements of seafaring: course setting is the screener, checking the ship’s reliability before sailing is analytics, getting a weather forecast to avoid storms is news, and a collection of advice is research.

Regarding the value of cryptocurrencies, despite the field being over ten years old, it still largely relies on speculation and circumventing certain regulations. But it doesn’t matter what happens to prices in the near future, as the supercycle that will bring changes has already begun, and some price targets are inevitable. Given that cryptocurrencies are still a developing asset class, it's imprudent to be long-term bearish.