by Hodler Ash 
What Does The Term Dildo Stand For In The Cryptocurrency Market ?
The world of cryptocurrency is complicated as well as fun to learn about. Definitely, there are a lot of terms that are specific to the cryptocurrency market which might mean otherwise to the common people. Dildo is one such word. A dildo in cryptocurrency is a green/red candle that appears in a lot of graphs which are supposedly wanting to tell you about the increase or decrease of the exchange price of a certain token. Undoubtedly, many people have seen these candles (vertical lines) on graphs. These show the maximal and minimal exchange rate for a session.
Why Are Graphs With Dildo Important ?
In any market, be it stock or crypto, what are the most important things to do before investment is analysing and strategizing with a lot of factors in mind. Honestly, this is exactly why graphs are mostly required by all the analysts as well as the traders. A graph briefly shows what has been the past of a certain token in the crypto world, hence making the analysts predict the future.
In these graphs, there are candle sticks which show a large rise in the price of a certain coin. These candidates are called dildos. Whenever large rise in price of a coin happens, a candlestick in a candlestick chart shoots up high. This is called “dildo” basically because many people think that the phenomena looks like a dildo. The number of Bitcoin dildos were huge around the end of 2017 when the prices of Bitcoin went an all time high. Actually, the prices of Bitcoin went very high in that period of time consistently which created a lot of dildos in the graph of Bitcoin around that time.
There are many exchanges which allow you to watch a graph of a particular coin very easily without you having to research about it anywhere else. These portals are very beneficial for all the traders.
Around the world of trading in the crypto market, the divergence is very necessary and these dildos are what inspires a lot of people to invest their money in a certain coin.
There are green and red dildos and if the price is increasing very much, people are more likely to invest as soon as possible just to maximize the profit whereas many new traders just sell a lot of their assets when the price goes down even a bit. This is actually a very amateur step because a lot of times, a trader should stick to the decision that they had made before investing in the coin. The main reason behind it is the fact that most of the coins first go down a little bit in the graph and then goes up. Always selling the coins in times of downfall isn’t the right option.
In a hypothetically bullish market of cryptocurrency, one can expect big and short squeezes very often. That is what makes the market what it is and nothing about that can be complained about.
What Do Strategists See ?
The Dildo patterns in a graph is embraced perfectly by all the strategists because that is really important in building a foundation of an investment plan. Undoubtedly, the breaking out moments of most of the cryptocurrency coins initiate giant green dildo. Any crypto investor would look for the dildos and how the graph is performing before investing into any coin. Many people are not good at analysing and strategizing which is the reason why they hire somebody to do it for them. They also look at the position of the graph and all of it are interconnected, at the end of the day. Conclusively, analysing a dildo in a graph of a coin is very important and planning according to it, is more.
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