Recent developments in the crypto currency market lead to carefully monitoring investors and traders. Famous Trader Eugene said in a statement on his personal channel that the market has entered the fifth stage in the current situation and that this stage is an important turning point for crypto currency investors. Eugene analyzed the current status of the market and the characteristics of this stage, shared how strategies it followed during this period of low volatility. In this article, we will examine Eugene’s explanations and the effects of the fifth stage in the market with the bottom of powerful Altcoin projects.

Bitcoin and Altcoin Traderi commented on the markets

Eugene, Kripto Trader, said that the current market believes that the current market has entered the fifth stage shown in the graphics. This stage is defined by symptoms such as “bull surrender”, price consolidation, volume and shrinkage of volatility. At this stage, Eugene stressed that some powerful Altcoins saw the bottom levels, but the global bottom point for most assets has not yet been identified.

Eugene said that the period in which the fifth is the least involved. Because at this stage, whether the upward or downward trend, volatility is quite low and said that there are no major movements in the market. In this period, he said that he would focus on choosing only one or two beings with more defensive characteristics, and if his own decline is to be wrong, he hoped that these beings will make a positive decomposition by performing better than others. However, for now, Eugene said that he has just adopted this approach and does not want to take much risk.

There is also a difficulty in the fifth stage

The difficulty of Eugene’s Fifth stage is that it is unclear how long this process will last. The investor said that when the current structure of the market was examined, he thought that a major structural deterioration (such as the closure of companies or projects). Therefore, he said he predicts that he would not be at this stage for a long time as in the previous cycle, but it was only a personal estimate. Eugene said the crypto money market could continue to move parallel to the stock market for a while.

Eugene’s statements offer significant clues about the direction of market trends for investors and traders. It shows that the fifth stage is often defined as low volatility and uncertainty periods and that it should be careful in this process.