Everyone knows that altseason is inevitable.
All you need to make your first million is:
· A $1,000+ portfolio
· A year of a bull run
· Understanding how to identify the "depression" and "shakeout" stages (which is right now, the best time to buy)
Here's a blueprint to help you find alts that will make 1000x.
We are likely in the shakeout stage, with many alts returning to their depression-period prices.
While many are hesitant to buy now, the market is actually offering a second—and possibly final—chance to enter.
If you're feeling lost, here's why you shouldn't.
🔶Let's explore some metrics to understand why the main growth may still be ahead:
1. Funding is okay.
2. Trading volume is low.
3. YT metrics remain low.
4. Google Trends data is still low.
5. $BTC has grown 400% from its dip, while alts have only increased by 100-200% (memes are exception)
You may ask, "BitEagle, but how can we take advantage of this?"
The answer lies in understanding traders' emotions, so you can at least attempt to predict market movements.
➬ The emotions of fear and greed rule the market.
This has always been the case and always will be.
How to use this knowledge?
It's simple. Remember this powerful phrase:
"The best time to buy is when there's blood in the streets."
Right now, during the fear stage, it's the perfect time to accumulate your positions.
The best tactic here is to use the DCA strategy, as nobody can predict the bottom and prices could still drop slightly.
DCA involves investing a fixed amount of money at regular intervals over a specific period, regardless of the price.
By using DCA, investors can lower their average price of crypto and reduce the impact of volatility on their portfolios.
Here’s the most effective way to research alts and find real opportunities:
① DYOR on altcoins ranked 100-500 by market cap:
➬ Visit: @coingecko, @CoinMarketCap, @Dropstab_com, @CryptoRank_io
➬ Filter alts however you want
➬ Identify those that are currently declining the most but showing significant building process and have a strong community
➬ Add all potential projects to your watchlist
"Which projects will recover faster and then skyrocket the most?"
② Here comes the analysis of the project's team:
The team should be genuinely interested in the project's growth and the community around it. Ensure the team is actively working on the project.
③ Next, look at the documentation:
Visit the official website of a project to check the project's official docs and tokenomics.
This is where valuable insights can be hidden that others might overlook.
Examine the project's goals and how the team is working towards them.
④ Buying the token after doing research:
➬ Use @coingecko, @CoinMarketCap, @Dropstab_com, @CryptoRank_io
➬ Check which CEXs/DEXs list the project
➬ Visit those exchanges and buy the token
⑤ Before investing, have a clear take-profit strategy:
Know when you'll buy and when you'll close positions. Otherwise, you'll be trading based on luck.
For example, I always sell 50% when the price doubles. But if the asset rises quickly and the trend is really bullish, I might sell 33% or even 25%.
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