I began my crypto journey with $0.
Just a year ago, I had $4.7k, and now I have enough.
I didn't do it with $BTC, $ETH, $MATIC, or $AVAX.
But with the couple of tips on how to trade alts
Before we dive in, I have a quick favor to ask
I put a lot of effort into crafting this article to be genuinely helpful for you, so if you find it valuable, please follow me, share, comment, or just hit like
I prefer to keep things simple in life.
There's no need to develop complex strategies and trade by them.
For instance, my crypto strategy relies on just three key factors:
➬ Understanding crypto market psychology
➬ Tracking insider wallets
➬ Identifying undervalued projects
➬ Knowing crypto security principles
Trust me, mastering these alone can greatly increase your portfolio during the 2024-2025 bull cycle.
Get ready to dive into each aspect quickly!
① The most important thing in the list is to understand crypto market psychology:
In the world of crypto, emotions drive everything. Human psychology remains constant, and the market follows repetitive patterns.
Check out the image below for a rough visualization of market psychology pattern:
② "The best time to buy is when there's blood in the streets"
While many are aware of it, when fear dominates the market, people tend to sell, only to buy back when greed takes over. This simple rule has the potential to yield enormous profits.
Recognize this pattern and go against the crowd.
③ Understand insider trading:
Here's a recent example to illustrate
I came across a wallet that purchased $HAMMY right after its launch for $1.5k, and then he sold everything for $177k!
Why am I certain it's an insider wallet and not just a random trader?
Consider this: the individual purchased the token right before the unexpected huge green pump, when there was no news about
the project at all.
Ofc this is insider.
④ How to find these sneaky insiders?
➬ First, visit: https://dexscreener.com
➬ Look for trending tokens in the past 6h or 24h
➬ Click on the Top Traders section
➬ Search for early trades
➬ Copy the wallet address
➬ Next, go to: @alphatracexyz
➬ For a better results, you can filter the wallets you will find by $500k+ PNL and a 60% win rate
⑤ "But wait, BitEagle, how can we spot gems before others?"
Here is my step-by-step process for quick research:
➬ Always start by visiting @CoinMarketCap / @coingecko
➬ Choose 10-30 tokens that you are interested in, from sectors you like
➬ Next, head to @Dropstab_com
➬ Here, you can check vital info such as project investors, twitter followers, fundraising data.
⑥ Where to check the tokenomics:
➬ Visit @Token_Unlocks or @VestLab
Key points to check:
· Distribution of tokens for the community
· Locked investor tokens
· Investor price and current price
✪ In the end, verifying the safety of a token contract is crucial:
This routine practice will protect you from potential scams, rug pulls, and honeypots.
Here are two main checkers you'll find useful
~ SOL: https://rugcheck.xyz
~ EVM: https://coinscan.com
