You don’t want to receive a notification one or two hours after the crash has happened.
The cryptocurrency market is one of the most volatile ones and can change directions quickly. There have been hundreds of instances when the price of bitcoin has fallen significantly and recovered after a specific time. This cryptocurrency trading strategy is also one of the safest ones but involves time and limited profits relatively. If you want to pursue this strategy, we recommend using a notification tool to alert you when a crypto’s price has dropped sharply. For instance, you want to set alerts that get triggered when the price of Bitcoin drops by 15% within a time span of 10 or 30 minutes. You often see a rapid bounce after a sharp drop because many traders try to buy some cheap cryptos before the price bounces up again. Therefore, it’s crucial to quickly detect price drops in a relatively small time span. The bounce up happens minutes after a price crash. You don’t want to receive a notification one or two hours after the crash has happened.