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CryptoMaksymus
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For many, this will be the first altcoin season in their lives.
This is a time when many dream of getting rich, multiplying their investments by 100 or even 1000 times. But in fact, this period of time will be a serious test for your endurance and character.
What awaits you?
- You will want to check every day how much your portfolio has grown.
- You will fantasize how huge your fortune will be when some altcoin soars to sky-high heights.
- He will want to brag about his successes in front of friends who are not particularly interested in the topic.
- Every rollback or ESPECIALLY a new maximum will make you want to invest even more money.
- There will be a temptation to break your own rules on risk and size of positions for each individual coin
- The deeper we dive into the altcoin season, the worse projects you will start to consider.
This will be a real test. Only those who remain calm and can withstand both drops of 30%, 50%, and even 70%, and impressive growth of 100%, 300% or even 500% will win.
What to do?
1. Make a clear plan.
Determine your goals, decide in advance when you will exit the coins.
2. Be realistic.
Set adequate financial goals, do not rely on a "million" percent.
3. Stock up when prices are low.
For this, it is useful to follow the RSI indicator (it shows when the market has overheated or, on the contrary, fallen too much).
4. Determine the time when the end of the cycle is most likely. Signs of the end of the alt season:
- Mass media are beginning to actively write about altcoins.
- Double top figures appear on large timeframes with low/declining volumes.
- RSI on the monthly chart exceeds 90 points for a long time.
The most important thing is to keep modesty and common sense. And stick to the plan and goals.
Altcoin season can be a great opportunity, but only for those who keep their cool and act consciously.
This is a time when many dream of getting rich, multiplying their investments by 100 or even 1000 times. But in fact, this period of time will be a serious test for your endurance and character.
What awaits you?
- You will want to check every day how much your portfolio has grown.
- You will fantasize how huge your fortune will be when some altcoin soars to sky-high heights.
- He will want to brag about his successes in front of friends who are not particularly interested in the topic.
- Every rollback or ESPECIALLY a new maximum will make you want to invest even more money.
- There will be a temptation to break your own rules on risk and size of positions for each individual coin
- The deeper we dive into the altcoin season, the worse projects you will start to consider.
This will be a real test. Only those who remain calm and can withstand both drops of 30%, 50%, and even 70%, and impressive growth of 100%, 300% or even 500% will win.
What to do?
1. Make a clear plan.
Determine your goals, decide in advance when you will exit the coins.
2. Be realistic.
Set adequate financial goals, do not rely on a "million" percent.
3. Stock up when prices are low.
For this, it is useful to follow the RSI indicator (it shows when the market has overheated or, on the contrary, fallen too much).
4. Determine the time when the end of the cycle is most likely. Signs of the end of the alt season:
- Mass media are beginning to actively write about altcoins.
- Double top figures appear on large timeframes with low/declining volumes.
- RSI on the monthly chart exceeds 90 points for a long time.
The most important thing is to keep modesty and common sense. And stick to the plan and goals.
Altcoin season can be a great opportunity, but only for those who keep their cool and act consciously.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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