*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!