*Important Insights for Those Waiting for an Alt Season*
Understanding how the market works in cycles is crucial. Here's a fact check for better awareness:
1. Early Movers Gained Big:
*Investors who entered the market before Nov 2023 saw 2X to 3X in March
*
Those who entered in July 2024 saw 4X to 5X growth in December 2024 in their portfolios. Timing matters!
2. Right now beware of FOMO:
Those jumping in now based on advice from bots or paid influencers may face losses as the market cools down.
3. Altcoin RSI is Overheated:
Most altcoins have reached a weekly RSI of 100, indicating they are overbought and now entered a cooling phase.
4. Wait for Better Entry Points:
I plan to wait until the weekly RSI for most altcoins drops to the 40s. That’s a safer buying zone. If it goes below 40, even better!
5. Research is Key:
Avoid fear of missing out (FOMO). Use simple charting tools like RSI, Bollinger Bands, and MACD to guide your decisions.
Stay informed, stay patient, and always do your own research!
Understanding how the market works in cycles is crucial. Here's a fact check for better awareness:
1. Early Movers Gained Big:
*Investors who entered the market before Nov 2023 saw 2X to 3X in March
*
Those who entered in July 2024 saw 4X to 5X growth in December 2024 in their portfolios. Timing matters!
2. Right now beware of FOMO:
Those jumping in now based on advice from bots or paid influencers may face losses as the market cools down.
3. Altcoin RSI is Overheated:
Most altcoins have reached a weekly RSI of 100, indicating they are overbought and now entered a cooling phase.
4. Wait for Better Entry Points:
I plan to wait until the weekly RSI for most altcoins drops to the 40s. That’s a safer buying zone. If it goes below 40, even better!
5. Research is Key:
Avoid fear of missing out (FOMO). Use simple charting tools like RSI, Bollinger Bands, and MACD to guide your decisions.
Stay informed, stay patient, and always do your own research!