Will the altcoin season start without crashing? Teach you how to get ahead and make money
The altcoin season refers to when altcoins perform better than Bitcoin, getting the entire market excited. But to be honest, the altcoin season often begins after a significant market downturn. If you’re not prepared, you could take a big loss. However, if you know what you’re doing and play smart, you can make a decent profit.
Why do we say a big drop marks the beginning of the altcoin season? Keep reading to find out.
Big players cashing out
When the market heats up and prices rise, those big players start selling their coins. They’re not greedy; they sell when prices peak, leading to a significant drop.
Remember, don’t be too greedy. When the market is too hot, take some profits first; don’t wait until it drops to regret.
Retail investors panic
When prices drop, retail investors (those who came late) start to panic. Afraid of losing too much, they rush to sell, causing prices to drop even further. This allows big players to buy more coins at lower prices.
You need to stay calm and not panic. Stick to your plan, don’t sell randomly unless it really hits your stop-loss point.
Fake rebounds, don’t be fooled
After a big drop, there might be a little rebound where prices rise slightly. At this point, don’t rush to buy; this could very well be a trap set by the big players.
Be cautious during rebounds. If you plan to trade, set a profit target and don’t take too much risk.
Big players bottom-fishing, so can you
When the market hits the bottom, big players start buying coins at low prices. This marks the beginning of the next significant rise, which could be the altcoin season.
You need to look for signs of big players buying coins. When prices stabilize, buy gradually. This could be a great opportunity for you to make money.
How to protect your investments and make more money?
Understanding how the market moves allows you to get ahead and turn volatility into profit opportunities.
Make money early
Don’t think prices will keep rising; when the price is right, take some profits. A small profit is still a profit and is better than a loss during a big drop. Remember, small profits can lead to great wealth.
In the upcoming layout direction, I will guide everyone to aim for the lucrative opportunities in altcoins, especially those with high potential projects, where a tenfold increase in expected space is not an issue. If you want to make big money in a bull market, like and leave a message, and I will help you layout the entire bull market!