Bitcoin Rise -> Ethereum & Large Cap Rise -> Altcoin Season
Altcoin season is upon us.
There have been many seasons of altcoins and altcoins have been the most profitable.
Here is the plan 🧵👇
Everyone is divided into two types: supporters of the altcoin season and non-supporters.
✧ However, success in the world of cryptocurrencies requires emotional discipline.
✧ You should ignore all the rumours (FUD) and opinions of others, and do your own research and understand things for yourself.
This is what a smart investor does 👇
Over the past month, the price of $BTC has increased by 50%, reaching an all-time high.
The boat is approaching $100,000.
Many people avoid investing in Bitcoin, due to its high price.
During this period, altcoins underperformed compared to Bitcoin.
This moment represents the perfect opportunity for most of you to start collecting coins.
In this post, I will explain why the altcoin season will start soon and what to do during it.
Let's start 👇
Bitcoin Dominance:
Bitcoin Dominance Index (BTC.D) is moving sideways with the value of $BTC.
It can be observed that BTC.D has started to form a bearish trend.
This means that liquidity has already started flowing into altcoins.
Altcoin Season Index:
The altcoin index now reflects November 2023 levels, a period prior to which many altcoins saw massive gains ranging between 2x and 10x.
One of the biggest altcoin seasons is about to begin.
History shows that this is almost always the ideal time to buy altcoins.
High-cap old coins:
Old coins with large market cap are starting to show growth.
Among them are $XRP, $ADA, $DOT and many other coins.
The big altcoin season starts this way, with 30-50% growth in the old big coins.
> The market is sending clear signals that altcoins will soon rise, but this time everything will be different.
> Due to the large surplus of altcoins, only 10-15% of all altcoins will see significant growth.
> We must prepare carefully and choose the right alternative currencies.
Here's how 👇
■ Market Psychology:
● There is a certain cycle of market psychology that can be clearly seen through the Wall Street Cheat Sheet.
● Mostly, fear and greed control the market.
● It is important to recognize them and understand the market movements in general.
■ Fear and greed:
□ In this case, you should always follow the local fear and greed index to understand the market sentiment.
□ Fear phase – time to gather your positions.
□ Greed stage – time to sell.
□ Now all that remains is to choose the right altcoins.
● Type of alternative currencies:
○ The first thing you need to understand is to ask yourself what goal you are trying to achieve – earn 10x, 100x, or more.
○ This will help you decide what type of altcoins to choose: high cap, mid cap, or low cap.
○ Most people want to make higher profits, so let's focus on low-caps 👇
11/➮ How to search for alternative currencies
Search for alts:
@coingecko / @coinmarketcap
If the currency is listed on these platforms, there is no chance that it is a scam.
But there is still a chance that there will be no bullish project.
Analysis of alts using mc between 10M to 100M, focusing on the most important novelties of this course
● Check the project:
• Once you have selected 10-50 small coins on your list, start checking the growth potential of the project.
• Check their product, is there a demand for it? Is their website of high quality?
• The team must also be seriously invested in the project.
• In this way, you can roughly assess the future growth potential of the project.
■ Patience + Contentment or How to Achieve 1000x:
□ 100-1000x returns don't happen in a day, a week, or even maybe a month.
□ But with deep and correct research, if you have conviction in the project, it can be achieved.
□ Remember to follow up on the project you have closely.
☆ The end:
¤ Focus on only 2-3 projects.
¤ This way, you will be able to evaluate the project rationally and follow up on project updates.
¤ During the altcoin season
¤ Hold projects, don't trade
Always keep your investment if you find your favorite project, but don't forget to take profits gradually along the cycle.
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