Know these basic principles before start trading.
Alts are depend on btc movement.
1. **Buy Signal**: When the price of BTC crosses above its 50-day moving average (MA), accompanied by increasing trading volume, it could indicate a bullish trend.
2. **Sell Signal**: If BTC's price falls below its 200-day MA and the trading volume is high, it may signal a bearish trend.
3. **MACD Crossover**: A bullish signal occurs when the MACD (Moving Average Convergence Divergence) line crosses above the signal line. Conversely, a bearish signal happens when the MACD line crosses below the signal line.
4. **RSI (Relative Strength Index)**: A buy signal can be generated when the RSI is oversold (below 30) and starts to trend upwards. Conversely, a sell signal can occur when the RSI is overbought (above 70) and begins to decline.
5. **Fibonacci Retracement Levels**: A buy signal might occur when the price retraces to a key Fibonacci support level (e.g., 38.2%, 50%, or 61.8%) and shows signs of reversal.
6. **Price Patterns**: Bullish patterns like "Double Bottom" or "Inverse Head and Shoulders" can signal potential buying opportunities, while bearish patterns like "Double Top" or "Head and Shoulders" can indicate selling opportunities.