Rules of Alt Season
Rule #1 The purpose of alt coins is to make money. It is a zero sum game. Do not become biased based on your emotions or feelings in a community or the coins ability to change the world.
Rule #2 Look for strong correlated assets that perform well against Bitcoin draw downs.
Rule #3 Rotate. If an alt coin pumps 200% do not buy it. You’re just going to lose money on the incoming draw down to balance the order book imbalances (fair value gaps) that occurred on the way up. Those big green candles are manipulated by the market maker and leave behind major imbalances. The higher the green candles and the less market structure, the harder the fall. Think of falling out of a tree with two branches versus falling out of a tree with 100. Odds are you go to ground floor a lot quicker with the two branch tree same for crypto.
Rule#4 Fibanocci everything in crypto is based on fibanocci. The sooner you learn how to use the fibanocci retracement tool in Trading View, the sooner you’ll understand the market marking algorithm. Pull from the low to the top on a 1hr time frame or vice versa depending on the trend. Look for the golden pocket of .618 - .65! Most moves are based on a .5, .618, .786 retracement with the golden pocket being the most valuable and profitable.
If you’re putting money into alts, take 10 minutes to search Fibonacci retracement on YouTube using Tradingview. You’ll know: the depth of the retracement, the pricing target of the bullish move.
That’s it. Do not hold alts and join communities and become bag holder
It’s like a sports bet. Take your initial amount, make your bet with targeted prices using proven methodology (Fibs) take your money when it hits.
Move on to the next alt.
Winner winner chicken dinner
Rule #1 The purpose of alt coins is to make money. It is a zero sum game. Do not become biased based on your emotions or feelings in a community or the coins ability to change the world.
Rule #2 Look for strong correlated assets that perform well against Bitcoin draw downs.
Rule #3 Rotate. If an alt coin pumps 200% do not buy it. You’re just going to lose money on the incoming draw down to balance the order book imbalances (fair value gaps) that occurred on the way up. Those big green candles are manipulated by the market maker and leave behind major imbalances. The higher the green candles and the less market structure, the harder the fall. Think of falling out of a tree with two branches versus falling out of a tree with 100. Odds are you go to ground floor a lot quicker with the two branch tree same for crypto.
Rule#4 Fibanocci everything in crypto is based on fibanocci. The sooner you learn how to use the fibanocci retracement tool in Trading View, the sooner you’ll understand the market marking algorithm. Pull from the low to the top on a 1hr time frame or vice versa depending on the trend. Look for the golden pocket of .618 - .65! Most moves are based on a .5, .618, .786 retracement with the golden pocket being the most valuable and profitable.
If you’re putting money into alts, take 10 minutes to search Fibonacci retracement on YouTube using Tradingview. You’ll know: the depth of the retracement, the pricing target of the bullish move.
That’s it. Do not hold alts and join communities and become bag holder
It’s like a sports bet. Take your initial amount, make your bet with targeted prices using proven methodology (Fibs) take your money when it hits.
Move on to the next alt.
Winner winner chicken dinner
