Buying altcoins only to see continuous losses—what's the solution?
It's essential to identify which altcoins are likely to enter a strong uptrend when the market turns bullish. This involves monitoring not only the overall BTC price trend but also trends in specific alt/BTC pairs.
•Each investor should assess which alt/BTC pairs are trending positively.
• For example, the SUI/BTC pair has been in an uptrend, gaining significant market interest, which led to $SUI surging by 4x from its bottom.
• Alongside tracking alt/USDT pairs, pay attention to alt/BTC pairs as well.
• This approach is effective while BTC dominance (BTC.D) remains high—currently above 60%.
• When BTC.D starts to decline, $BTC holders are likely to buy altcoins through alt/BTC pairs.
• In such times, any altcoin pair in an uptrend, whether in BTC or USDT terms, could see rapid and multiple gains.
Reviewing charts from the past two cycles can help backtest this strategy.
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Jinwooo
· 2024-11-08 16:56
Thank you for the information 👍
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KatyPaty
· 2024-11-03 13:24
Thank you for the excellent analysis 💯 WAGMI 💪To Da Moon 🌕
#CryptoObservers
Buying altcoins only to see continuous losses—what's the solution?
It's essential to identify which altcoins are likely to enter a strong uptrend when the market turns bullish. This involves monitoring not only the overall BTC price trend but also trends in specific alt/BTC pairs.
•Each investor should assess which alt/BTC pairs are trending positively.
• For example, the SUI/BTC pair has been in an uptrend, gaining significant market interest, which led to $SUI surging by 4x from its bottom.
• Alongside tracking alt/USDT pairs, pay attention to alt/BTC pairs as well.
• This approach is effective while BTC dominance (BTC.D) remains high—currently above 60%.
• When BTC.D starts to decline, $BTC holders are likely to buy altcoins through alt/BTC pairs.
• In such times, any altcoin pair in an uptrend, whether in BTC or USDT terms, could see rapid and multiple gains.
Reviewing charts from the past two cycles can help backtest this strategy.