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📺Important Movies📺
Crypto Bull Market September Prime 👉 https://youtu.be/3cvUpAy_aXQ
Crypto Technical Evaluation Tutorial Half 3 👉 https://youtu.be/DW6sifXTJGA
Gold Backed Cryptos Defined 👉 https://youtu.be/JVjun7gU7vs
Coin Bureau Portfolio Breakdown 👉 https://youtu.be/zRJslqJJRJs
How To Spot The Prime 👉 https://youtu.be/W5MCQJR-yWA
How To Analysis Cryptocurrencies 👉 https://youtu.be/HCLWDGYnAzk
Arweave Cryptocurrency Evaluation 👉 https://youtu.be/jKFhHL1geVw
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– TIMESTAMPS –
0:00 Intro
2:00 Bitcoin-Altcoin Cycle
4:45 Bitcoin Technique
7:59 Altcoin Technique
10:35 Portfolio Changes
13:03 Selecting Altcoins
15:47 Conclusion
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⛓️ 🔗 Helpful Hyperlinks 🔗 ⛓️
► Bitcoin Dominance: https://www.tradingview.com/symbols/CRYPTOCAP-BTC.D/
► Cryptocurrency Market Cap: https://coinmarketcap.com/charts/
► How To Use Buying and selling View For Cryptocurrency: https://www.coinbureau.com/guides/tradingview-crypto-analysis/
► How To Commerce Cryptocurrencies: https://www.coinbureau.com/trading/trend-following-crypto-markets/
► Wall Road Cheat Sheet: https://www.newtraderu.com/2021/06/13/wall-street-cheat-sheet/
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💱Assessing Bitcoin-Altcoin Cycle💱
The spine of my private crypto buying and selling technique is Bitcoin. That is just because BTC’s worth has an enormous affect over the worth of different cryptocurrencies
If Bitcoin dominance goes up, this implies cash is transferring from altcoins into BTC. If Bitcoin dominance goes down, this implies cash is transferring from BTC into altcoins
As soon as I’ve assessed Bitcoin dominance, I would like to verify that the market is headed within the path that I believe it’s, and I exploit the overall cryptocurrency market cap for that affirmation
📊Bitcoin Technique📊
I at all times persist with longer timeframes, and if I’m trying to purchase or promote BTC, I begin with the month-to-month and the weekly
What I’m on the lookout for here’s a worth sample that might forecast future worth motion, and I reckon I see one on BTC’s month-to-month chart
Not too long ago I’ve gotten into the behavior of recognizing what I prefer to name the topless letter P. That is when costs pump, pull again, after which pump once more to the worth of the preliminary pump
📈Altcoin Technique📉
As soon as I’ve noticed a bullish sample on the month-to-month, every day, or weekly, I set what I consider to be a sensible worth goal and take income alongside the best way as costs rise in the direction of that concentrate on
As soon as I’ve taken some income, I often park them in USDC, although lately I’ve gotten into the behavior of placing a few of these income into PAXG, which is a gold-backed token issued by Paxos
If I can see that costs have fallen beneath the Bollinger band vary and the RSI is insanely low on the every day, this to me is the proper purchase the dip alternative for BTC, ETH, and different massive altcoins
💰Portfolio Changes💰
If we’re not in an altcoin season, I apply the identical promote the highest technique I detailed in one other video which I’ll depart within the description
Nevertheless, if we’re deep in an altcoin season and every little thing is pumping like mad, then the usual technique of after I take income can shortly grow to be irrelevant
An important instance right here is Arweave’s AR coin which saved pumping, and pumping, and pumping towards all odds
When an altcoin is doing this, I pay extra consideration to my proportion positive aspects moderately than the worth or any indicators and patterns and take income at sure increments (e.g. 50%, 100%, 150% from preliminary entry)
🤔Selecting Cryptocurrencies🤔
At any time when I occur to return throughout a brand new altcoin that appears to have some severe potential, I do as a lot analysis in regards to the mission as I can earlier than I put down a dime
This as a result of any new crypto investments I make are primarily based totally on the basics of the mission, and never a lot on the technicals of that coin or token
Although not essentially basic, one other issue I have a look at earlier than copping a brand new crypto to commerce is its market cap
As I’ve talked about many instances earlier than, the market cap of a cryptocurrency is finally what determines how excessive it may go, and never its sticker worth, which may typically be deceptively low
I’ll sometimes purchase as quickly as I discover out in regards to the cryptocurrency’s potential assuming it’s not pumping like loopy. Whether it is, I await a pullback earlier than coming into my place
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📜 Disclaimer 📜
The data contained herein is for informational functions solely. Nothing herein shall be construed to be monetary authorized or tax recommendation. The content material of this video is solely the opinions of the speaker who will not be a licensed monetary advisor or registered funding advisor. Buying and selling cryptocurrencies poses appreciable danger of loss. The speaker doesn’t assure any specific end result.
#Bitcoin #Altcoin #Buying and selling #crypto #technique #portfolio
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