#ALT TRADE WITH 40.56% INCREASE AFTER CHECKING THESE FACTORS! 98.89% WORKS ALL OF THE TIME!
There are several factors in the crypto market that will create waves of demands after an altcoin reaches its low-lowest. Although, how do you identify these factors and how can you ensure that they will work not against your trades?
Here's how.
First, take a piece of paper and list all of the following factors that we will provide to you before reading through these without putting them into mind.
- Taking oversold status seriously without looking back. Verify the RSI of an altcoin whether it's getting closer to 30 or even lower than this measurement. The tendency for altcoins that have experienced these levels to continue going down is less and you can find great long opportunities on every potential swing that you can identify. There are those who use RSI in the lower timeframes which is fine but it's rarely reliable for the fact that a rally/decline will always be present in the market. Rallies/declines usually break the measurement in the shorter timeframe which makes one trader think it's a bad idea after they have already lost. Therefore, the best way to use the RSI indicator would be to check the higher timeframes; preferably weekly and monthly timeframe to identify possible long term reversal points and daily timeframe to identify sold foundation of supports and the upcoming ones. Oversold status helps buyers take into account when they could buy most altcoins especially within the moments that the market is indecisive. Therefore, you can use this indicator for confirmation of bottoms and vice versa with overbought status.
- Check whether this token is experiencing its monthly and yearly lows. These long-term lows can identify the possibility of an accumulation brewing at the bottom of the market. Notice how the ALT altcoin has moved from its previous monthly low to in-between previous monthly high and monthly average. This further proves the point that the monthly and yearly low are reliable in terms of establishing strong supports. Although, different factors may arise that may cause a breakdown of these lows and as such we must keep an eye on them too.
- Daily and weekly trading range. Expert traders who have been in the crypto market for too long are already confident with how they trade in between the daily and weekly trading range. These ranges are where they see potential highs and lows after every impulsive movement. The key to identifying these would be an initial stillness to a longer seemingly motionless market swings. You don't have to draw 1, 000 lines, shapes or patterns by just checking the daily and weekly trading range. You can observe momentarily and formulate on the possibility where the buyers and sellers would agree a certain altcoin's price.
- There are still other factors that would make your trades work almost all of the time but this is the only essential factor that every trade may use to become profitable. Trading mentality. Having the patience to back your trades up, a keen eye to perceive the unperceivable and mastering one's mind are the necessities needed to become a successful trader.
Stay wise, trade cautiously.
@GAINERSPACK tg
#GAINERSPACK #EARNINGDAILY $ALT