I started in crypto with $0.

After 5 years in crypto, I am sitting on $1.6 million

Just a year ago I had $10k

For 4 years I struggled until understood how to trade alts. How I did it🧵👇

➫ Before we get started

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@ReflectionCrypto

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1/➫ Over the last year, I made $1.6M from $8k with crypto mostly on trading alts

My strategy contains from:

- Market Psychology

- Researching tools

- Insider wallet tracking

- Spotting undervalued alts

Knowing this u will succeed in crypto within a year

Let's dive in👇

2/➫ Market Psychology

❍ Even though the market and crypto are constantly changing, one must adapt

❍ The psychology of the crypto market remains the same

❍ And simply by understanding it, one can already achieve success

3/➫ We are so over, we are so back

❍ Do you notice how normies quickly change their mood from 'crypto is a scam' to 'crypto is an opportunity'?

❍ Someone has to lose cause crypto is a PVP game

❍ When crypto is a scam - buy, and when it's an opportunity - take profits

4/➫ Researching tools

❍ These 3 tools are enough to scan the entire market:

- OrionTerminal

- coinglass_com

- CoinMarketCap

❍ With these tools, u will be able to find undervalued alts, check their R/R and potential

Here are some strategies on how to use these tools:

5/➫ Filter alts by ticks

❍ This is a useful tool if you want to engage in more short-term trading, like scalp trading

❍ It sorts coins with the highest ticks first

❍ You can also add volume and volatility filters to assess the risk/reward of the altcoins

6/➫ Watchlist

❍ Select 10-20 projects that fit your portfolio, interests, and investment strategy

❍ Find a good risk/reward entry point

❍ Chart them and see if any setups catch your eye for the day

7/➫ Price alerts

❍ Alts are often volatile, so price alerts are important if you want to strictly follow your plan

❍ They keep you informed, enabling you to take advantage of token pumps and dips

Now the most effective for me trading style👇

8/➫ Insider wallet tracking

❍ While the majority of the crypto community thinks it's useless, you need to be doing it 100%

❍ The key is to find the right insiders

Here is how:

9/➫ How to spot insider wallet

❍ Go to: dexscreener

❍ Search for a coin that pumped the most for the last 24h

❍ Go to Top traders

❍ Search for wallets that were bought early

Make a list of 20-30 such wallets

Now we need to check if they're insiders or just lucky degens

10/➫ Check insider wallets

❍ Go to: alphatracexyz

❍ Paste the wallet

True insider wallet must have:

- 70% Win Rate

- $1M+ PnL

❍ It's hard to find nice insider wallets cause they're using mostly new wallets to hide themselves

But eventually u'll find one

11/➫ Spotting undervalued alts

❍ Using CryptoRank_io

filter alts based on chain u want, <$10M mc and 5-6M volume

❍ Now make a list of 20-30 of such alts

❍ Go to: Dropstab_com

❍ Check the project's followers & performance, investors, etc.

12/➫ Tokenomics

❍ Go to: Token_Unlocks

❍ Check any future community alloc, investors unlock, and price for investors vs current price

❍ Smaller spread = better potential

❍ Also, remember if there are any unlocks it can be a possible local dip coming after it

13/➫ Risk Management

Such trading strategies are, ofc, good, but without a solid risk management strategy, nothing will work

So, think about how much you're investing and whether you're ready to lose that amount

Also, plan how and where you will take profits before making the purchase

➫ I hope you've found this thread helpful!

Follow me @ReflectionCrypto for more.

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