How To Analyze the Crypto Market Before Making a Trade


Category: Crypto Insights


Title: How I Personally Analyze the Crypto Market Before Placing Any Trade (My 5-Step Process)


Crypto is wild.


One day, BTC is pumping 10%, the next, it dumps into the abyss. It’s what makes crypto fun, but also dangerous if you don’t have a system.


In this post, I’ll share how I personally analyze the crypto market before entering a trade. Whether I’m trading BTC, ETH, or some DeFi coin, I stick to this process.


Step 1: Look at Bitcoin First


Bitcoin leads the market.


Before I touch anything else—whether it’s altcoins or memecoins—I check what BTC is doing. If it’s dumping, most alts are too. If it’s ranging, I wait



Step 2: Check Crypto News


Sometimes, price pumps or dumps because of news—like ETF approvals, hacks, or regulations.


I check:


CoinDesk


Cointelegraph


[Twitter/X crypto accounts like @CryptoCobain, @TheDefiEdge]*



Step 3: Technical Analysis


I’m not one for 10 indicators. I use:


Support/Resistance zones


Volume


RSI for divergence



Most of my analysis is on the 4H and 1D charts.




Step 4: Sentiment Check


I check:


Fear & Greed Index


Funding Rates


Open Interest



If everyone’s euphoric, I tread carefully. If they’re scared, it might be a good time to long.



Step 5: Set Entry, SL, and TP


I always calculate risk. If I’m risking $5, I want to potentially make at least $10.


I use tools like:


CoinMarketCap calculator


Binance’s Futures calculator



Final Thoughts: The market changes fast, but my system keeps me grounded. You don’t need to be perfect—just consistent. Follow a process, and your edge will develop.

Comments

  1. Gem_crypts18 April 2025 at 09:30

    This is really helpful

    ReplyDelete
    Replies
    1. SimpleTradePulse18 April 2025 at 10:15

      Thank you very much,I always try to provide helpful content based on my little experience.

      Delete

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