HOW TO FILTER#ALTCOINHEALTHILY
As promised, I will post how to catch strong Altcoin dips. You may or may not know it. However, if it is useful, please support me by typing/retweeting/commenting so I can make more useful posts.
What is a healthy Altcoin?
A healthy Altcoin is an Alt with a good recovery rate, outperforming the other codes. After the sharp decline, the coins fell to the support zone then reacted like withdrawing their whiskers and rebounding strongly
There is a way for you to quickly identify, that is to go to the Binance/Bybit app, go to the Market section, then filter the codes with the highest percentage or less.
=> We can choose to capture any code that has a growth % greater than %BTC. For example, BTC -5%, we choose large -5% codes such as -1%,0%, 1%, 2%,...
Normally, people think that the deeper a code drops, the better it will be because it's cheaper. If it bounces back, the more we can win, but this thinking is wrong. A strong code is a code that drops a little and recovers strongly👍
Then we need to combine it with a few additional skills:
Basic technical analysis:
Need a little technical analysis, we need to see if that code is in the correct support area, is the RSI diverging or not?
Consider BTC:
Considering BTC is an important factor, considering whether BTC is in the correct area we observe or not, has BTC reached the support zone, has it withdrawn,...
If you have any more ideas, please comment below👇
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