We spent years putting together a profitable altcoin trading system. We share our insights with you in this 5 minute thread π
Thread 0/7 π
Thread 0/7 π
1/7
Use the Right Platform.
You want an exchange with:
- High liquidity.
- A reputation for only listing high quality projects.
- Strong customer service.
We use FTX as our exchange of choice.
Use the Right Platform.
You want an exchange with:
- High liquidity.
- A reputation for only listing high quality projects.
- Strong customer service.
We use FTX as our exchange of choice.
2/7
Monitor 24 Hour Volume.
A coin with high volume moves faster & therefore is much better suited to quick trades with relatively low opportunity cost.
Opportunity cost in this case means you wonβt be trapped in an altcoin position that doesnβt move whilst other coins pump.
Monitor 24 Hour Volume.
A coin with high volume moves faster & therefore is much better suited to quick trades with relatively low opportunity cost.
Opportunity cost in this case means you wonβt be trapped in an altcoin position that doesnβt move whilst other coins pump.
3/7
Consider Market Structure.
Is the coin on your watchlist printing higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend)?
Are there levels of support and resistance you can trade around?
Consider Market Structure.
Is the coin on your watchlist printing higher highs and higher lows (uptrend) or lower highs and lower lows (downtrend)?
Are there levels of support and resistance you can trade around?
4/7
Assess Moving Averages.
How is price interacting with different moving averages?
Are moving averages proving to be key support or resistance and what setups that align with your trading system is the market presenting?
Assess Moving Averages.
How is price interacting with different moving averages?
Are moving averages proving to be key support or resistance and what setups that align with your trading system is the market presenting?
5/7
Apply Fibonacci Levels.
Look for confluence with the 0.382 Fibonacci level and areas of supply and demand.
Longing the 0.382 often presents a good risk:reward trade opportunity.
Apply Fibonacci Levels.
Look for confluence with the 0.382 Fibonacci level and areas of supply and demand.
Longing the 0.382 often presents a good risk:reward trade opportunity.
6/7
Find Narratives.
Use narratives in tandem with technical analysis.
For instance, if the exchange token narrative is a trending one, you may consider putting exchange tokens on your watchlist.
Find Narratives.
Use narratives in tandem with technical analysis.
For instance, if the exchange token narrative is a trending one, you may consider putting exchange tokens on your watchlist.
7/7
Master Trading Psychology.
If you can manage your emotion and risk then even the simplest of trading strategies are massively profitable.
For more information on finding altcoin gems, check out our full guide.
koroushak.substack.com
Master Trading Psychology.
If you can manage your emotion and risk then even the simplest of trading strategies are massively profitable.
For more information on finding altcoin gems, check out our full guide.
koroushak.substack.com
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