Just wanted to point this out for anyone who did not know or have trouble remembering.
Monitor your favorite coins and follow the trends. Your charts should look similar and consist of the cup and handle formation before looking for your entry.
Don't always just jump in after a pump already started. You need to be able to catch the move first and DCA into them.
An important thing to keep an eye out for is the Volume rising above their 10 day average and the indicator widget flashing a Strong Buy signal.
Those are just a few things to monitor when looking for your next altcoin.
If you have never experienced a parabolic Altcoin run up. the best advice I can give you is to just let it run. If the coin is actually a decent project, it will continue to retest ATH and push past it creating and even larger cup and handle pattern for a new ATH price target.
I would not recommend shorting for extended periods of time. Pumps can go way higher and way faster than you can expect.
Regardless, most alts you buy now while they are down will eventually pump a modest 50-150%, and more commonly will retest their All Time High.
Monitor your favorite coins and follow the trends. Your charts should look similar and consist of the cup and handle formation before looking for your entry.
Don't always just jump in after a pump already started. You need to be able to catch the move first and DCA into them.
An important thing to keep an eye out for is the Volume rising above their 10 day average and the indicator widget flashing a Strong Buy signal.
Those are just a few things to monitor when looking for your next altcoin.
If you have never experienced a parabolic Altcoin run up. the best advice I can give you is to just let it run. If the coin is actually a decent project, it will continue to retest ATH and push past it creating and even larger cup and handle pattern for a new ATH price target.
I would not recommend shorting for extended periods of time. Pumps can go way higher and way faster than you can expect.
Regardless, most alts you buy now while they are down will eventually pump a modest 50-150%, and more commonly will retest their All Time High.
Comment:
Zooming in on a 1 Min chart. Look at where we are consolidating at.
I have not moved any of my lines or zones in any way.
And I was not making sure my drawings were perfect before creating my post.
Don't be overly stressed when doing your TA, Spread your entries and exits into zones and rough estimates. Worrying about every cent and percentage in all your trades eventually makes you sloppy and prone to mistakes. In the end, a few percentages mean nothing when you're making so much more than you can in traditional markets.
But I'm not a professional trader so perhaps I am just not understanding your situation or point of view completely. This is just my opinion and thoughts on the matter for anyone who might find it useful and helpful.
I have not moved any of my lines or zones in any way.
And I was not making sure my drawings were perfect before creating my post.
Don't be overly stressed when doing your TA, Spread your entries and exits into zones and rough estimates. Worrying about every cent and percentage in all your trades eventually makes you sloppy and prone to mistakes. In the end, a few percentages mean nothing when you're making so much more than you can in traditional markets.
But I'm not a professional trader so perhaps I am just not understanding your situation or point of view completely. This is just my opinion and thoughts on the matter for anyone who might find it useful and helpful.
Comment:
All I'm doing, is spreading awareness of the basic signs to look out for while all of these Altcoins are pumping 50% or more in a single day. Even hours.
I'm not making any promises, I'm not posting a list of what coins to look out for or what to buy now, I just wanted to share my personal experience and observations from being in Crypto for over 10 years.
I have owned Bitcoin when it was at $3 and just saw it rise to $60,000. I have used Ethereum when it was only $40 and sold some when it hit $4000. Cardano used to be worth a few pennies, and it just rallied to $3.
Crypto has a lot of opportunities.
I just want everyone to experience the roller coaster ride that I have been through. And the price for admission is to just not give up and leave crypto for good thinking it will go nowhere.
I hope you have a great day, and all your investments and trades go 100x
I'm not making any promises, I'm not posting a list of what coins to look out for or what to buy now, I just wanted to share my personal experience and observations from being in Crypto for over 10 years.
I have owned Bitcoin when it was at $3 and just saw it rise to $60,000. I have used Ethereum when it was only $40 and sold some when it hit $4000. Cardano used to be worth a few pennies, and it just rallied to $3.
Crypto has a lot of opportunities.
I just want everyone to experience the roller coaster ride that I have been through. And the price for admission is to just not give up and leave crypto for good thinking it will go nowhere.
I hope you have a great day, and all your investments and trades go 100x
Comment:
Getting rich in crypto is not the most difficult, but it is the most testing of your resolve and what risks you are willing to make for that financial freedom.
Trade safe, HODL on and always think about the future. Those that become rich overnight, are the ones that spent countless nights before doing their research and staying involved. You only lose when you give up at the bottom.