The BEST WAY to SPOT ALTCOINS that may RALLY (HIGHEST POSSIBILITY)
There have been a lot of indicators showing most traders what they need to see. This includes reversal points, support and resistance levels and so on. Although, there is this one specific way of determining when an altcoin will most likely takeoff.
Hence, we're here to talk about that today.
Have you noticed how most altcoins would follow almost the same movement as BTC but there are times when these altcoins have a different pattern? That's how most market structures should work. Especially an altcoin that has just been added to several exchanges. Therefore, it'd be wise to check the market structure of BTC and compare it with most altcoins.
Right now, we can see that BTC is entering its markup phase after the accumulation market structure has been completed. Now, take a look at most altcoins. You will notice that they've already established their accumulation phases and getting ready to takeoff. Meanwhile, some are still on the point of almost completing this accumulation phase. Having this knowledge about market structures will give you an advantage on how you should expect the price action of an altcoin would be. Accumulation phase will eventually lead to markup phase and this market structure will never lie for the rally that's about to come.
Stay wise, trade cautiously.