Tuesday, October 3, 2023


> With the fast development and high volatility, keeping up to date and keeping a close eye on the crypto market becomes an important factor to understand and participate in this game more effectively. From catching the latest news and analyzing the market to following the top KOLs or following the cash flow, .. So how to capture the trend and rhythm of the market? In the following article, I will share with everyone the ways to follow and keep abreast of the market. **Why is it necessary to monitor the Crypto market?** The market monitoring here is to observe news, market-related events such as information on fundraising funds, existing investment funds. What does the trend do, will it affect the market or not? Or parameters such as onchain, chart, .. If people want their investment to have better results than the common ground, people will have to monitor the following factors: * Trend/Narratives: Is a good trend stories in the crypto market that are being interested by the majority. We have experienced trends like M2E or AI recently, we all know that if we “catch the trend” in time, it will bring very high profits. How to track trends/narratives, everyone, read these articles: (HOW TO KNOW AND GET REASONABLE TREND)(https://www.facebook.com/groups/ryanvanhungnguoiban/permalink/587061110240938/)(Narrative) What is Crypto Some Tips to Keep Up with Narrative Crypto The term is used extensively for many types of financial markets. Sometimes analyzing the market through crowd psychology is also an effective way * Money Flow : Whether it is Crypto or traditional financial market, only when there is a flow of money, the market becomes active. Therefore, it is necessary to monitor the market to know where the money is going **II/ Ways to Monitor the Market 1. Follow news websites, groups, crypto forums ** If everyone is a person If you are completely new to the market, the first thing everyone has done is to join groups to learn. And this is also one of the ways to keep an eye on what’s going on in the market, what’s hot, etc. The vast majority of people will follow a trend, or a highly rated project. However, people also need to be quick to avoid going after judgment and having to think critically with other people’s analysis because there will be intentional shillings. Next, I will suggest a few websites that aggregate market news that people can update * News update sites: Coindesk, Medium, Bloomberg, The Block,…especially is Cryptopanic specializing in synthesizing all articles related to the market * Crypto websites such as Coingecko, Coinmarketcap, Cryptoquant, Coinglass, .. **2, Swim with the sharks **Swim with the “sharks” means the tracking of the investment of the “big guys”. The big guys here are investment funds, investment organizations, project teams or even individuals with great influence on the market. Every day, there will be many projects calling for capital with many common purposes and goals to develop the platform, most of the fundraising projects are usually new projects or in the process of construction, and of course the This project has a lot of potential. And by tracking the projects that call for capital or which funds are pouring capital into, we can predict which sectors/industries are of interest. To monitor investment funds, I wrote a previous post. Here it is, everyone, read it again: (TIPS HUNTING HIDDEN GEMS FOLLOWING PORTFOLIO OF INVESTMENT FUND.** )(https://www.facebook.com/groups/ryanvanhungnguoiban/permalink/582541287359587/)**(INVESTMENT FUND) IN CRYPTO MARKET** )(https://www.facebook.com/groups/ryanvanhungnguoiban/permalink/549942410619475/)**Also, you can monitor funds through reports, reports **3 , Follow Influential KOLs **KOLs are influencers in a crypto field. Usually what KOLs share, the comments from them will have a more or less impact on the decision, behavior or opinion of the followers. As many people know, in crypto there will be a certain influential group/person, and for the most part, their words and actions will have a more or less impact on the market, more specifically the value of the coin/project. judgment. eg like CZ, Elonmusk or famous devs like Andre Cronje, Vitalik each of their tweets has weight to the market. In addition, people can follow more Twitter CTs, because they are highly specialized people, so tweets can be alpha insights. Some tips when using Twitter to follow KOLs is to categorize them. Specifically, read this article: (TIPS USING TWITTER SELF HUNTING & GUIDELINES FOR CHECKING PROJECTS WAITING FOR INVESTMENT IN BEAR SUMMER OR NOT? )(https://www.facebook.com/groups/ryanvanhungnguoiban/permalink/479301014350282 /)**4. Onchain data tracking** On-chain data cannot be tampered with, so it will provide us with the most accurate and objective information about market movements. Onchain data also helps us to track specific behavior of objects in the market. This is especially important when tracking the activities of “*sharks” who possess a lot of financial and information resources to manipulate the data analytics market Onchain will help people: * Yes Get the most accurate information going on in the market. * Monitor the market behavior at that time. * Help forecast and make investment decisions. Note when analyzing onchain data: * Because this is an intensive tool, it requires users to have knowledge as well as judgment when updating data. * Because onchain data is too easy to detect, sharks often deceive trackers * Update information regularly, because the market will change constantly, so you should regularly update by reloading the page or comparing Compare data with other on-chain tools. Also to be more complete, everyone read my 2 more articles to get more perspective and how to use onchain effectively: (ON-CHAIN ​​DATA AND ON-CHAIN ​​DATA LOOKING TOOLs)( https://www.facebook.com/groups/ryanvanhungnguoiban/permalink/543480171265699/)(Swimming TIPS BY SMARTMONEY BY ONCHAIN ​​IN CRYPTO )(https://www.facebook.com/groups/ryanvanhungnguoiban/permalink/588304453449937/)* *5. Tracking Ecosystems** Finally, to stay abreast and go deeper, tracking ecosystem updates is a must. Usually, the information that comes from new pieces on the system, the integration with partner projects, etc. will all be updated. First, everyone needs to determine the ecosystem to follow, in order not to miss information and opportunities, everyone should create their own overview management sheet to observe. Then go to websites that specialize in updating parameters of an ecosystem like Defillma to track the ecosystems that interest you. **6. Track popular market parameters **Crypto market tracker is the tracking of data, indices and volatility related to popular cryptocurrencies such as BTC, ETH or altcoins that we are interested. Market parameters clearly and fully reflect market movements such as price, trading volume, capitalization, price movement, liquidation rate. Below are some of the websites that I follow. Coinglass: Information about the long/short liquidation rate of coins on the market Messario: Information about real volume (volume is often fake) Cryptometer: Information about fluctuations in coins. *** Conclusion: *** Hopefully, the market monitoring methods I shared above will help partly determine what to do and what to do when participating in crypto so that you can’t miss out on what’s important to you. The market also partially supports the investment portfolio of koij people

Source: Collector



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