Exiting Altcoins:
This thread explores multiple strategies on exiting altcoins at the end of the bull cycle. Some are more advanced than others but the goal of nailing the peak is not for everyone, you just need to get out somewhere near. Thank you for reading 👇
$BTC #CTM #ALTS
This thread explores multiple strategies on exiting altcoins at the end of the bull cycle. Some are more advanced than others but the goal of nailing the peak is not for everyone, you just need to get out somewhere near. Thank you for reading 👇
$BTC #CTM #ALTS
1. Beginning with some comparisons of where Altcoins in the past have peaked in relation to Bitcoin. First on the list is Ethereum in 2017:
2. Now comparing 2017 to how ETH peaked for mid cycle in 2021:
3. Moving on now to Litecoin starting again with 2017 cycle peak:
4. Litecoin peaking during 2021 mid cycle:
5. Now let's take a look at XRP 2017 cycle peak:
6. And XRP 2021 mid cycle:
7. Lastly let's have a glance at Monero, starting with 2017 cycle peak:
8. And now 2021 mid cycle:
9. (1/2) Thus, what can we conclude from this price behaviour shown above? Firstly it is very difficult to say for sure whether your chosen altcoin is going to peak alongside Bitcoin or slightly after at the 'hope bounce'.
10. (2/2) However if you look closely you will notice that if you choose to exit your alts on Bitcoin's 'hope bounce' every time, whilst you don't always get the exact peak you still get very close. So I would suggest this is the strategy that should be followed.
11. Now moving onto some more advanced TA strategies. In combination I have found the 20SMA, Stoch RSI and 5 step move to be quite effective. Note that the Stoch RSI cannot be used solely because it signals an exit for every peak up to the real one. 👇
12. Taking a look first at ETH you need to have in your mind that ETH did an 185% ish move mid cycle thus you should expect a similar percentage impulse when Bitcoin is peaking end of cycle. Again this is for more advanced traders.
13. Lastly lets take a look at Telcoin mid cycle and see how the 3 indicators played out there. Tel did a final move of 1400% ish so that is your guide for end of cycle:
14. (1/2) In conclusion, for the vast majority of you exiting on the 'hope bounce' at the end of cycle is the best strategy, keep it simple and walk away with immense profits. Bitcoin peak and hope bounce for the past 2 cycles pictured below:
15. (2/2) The more advanced TA strategies can be used if you are experienced enough, you need to be aware of what percentage gain the altcoin had mid cycle and then use the 20SMA, Stoch RSI and 5 step blow off top PA in combination. Again the RSI cannot be relied upon alone.
16. If your Altcoin does not appear here you can go and cross reference the fractals on tradingview. Perhaps my next guide will be on how you can do that.
Lots of time went into this one but hopefully it provides clarity, as always your retweets are greatly appreciated.
Lots of time went into this one but hopefully it provides clarity, as always your retweets are greatly appreciated.
18. Further reading @TechDev_52's strategy:
https://twitter.com/TechDev_52/status/1449921548731756544?s=20
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