BTC is stagnant, don't mess with altcoins.
A lot of folks ask me: how do I pick altcoins? I say first, don’t even look at altcoins, check out BTC first.
The money in crypto follows BTC. When BTC is in a sideways trend, altcoins can still bounce for a couple of days. But when BTC takes a dive, all the altcoins crash. That hundredx coin you’re chasing might have been the hype three days ago, but three days later, it could get chopped in half. $币安人生
I’ve seen too many people jump into altcoins only after BTC has spiked, and then when BTC pulls back 5%, those altcoins drop 20%. They miss the profits and get their capital stuck. $MUB
The correct order: first, understand the daily trend of BTC. If the 20-day moving average is up and the MACD shows a golden cross, then you can pick altcoins with volume and a story. Once BTC breaks key support, clear out all altcoins without hesitation, don’t wait for a rebound. #IranDeniesSundayGenevaSigningDate $LAB
Remember, BTC is the commander, and altcoins are the troops. If the commander doesn’t move, the troops shouldn’t rush. If the commander retreats, the troops should run first.
You don’t need to study hundreds of coins every day. If you understand BTC, you can catch 70% of the opportunities in crypto. The rest, just wait for the signals.
A lot of folks ask me: how do I pick altcoins? I say first, don’t even look at altcoins, check out BTC first.
The money in crypto follows BTC. When BTC is in a sideways trend, altcoins can still bounce for a couple of days. But when BTC takes a dive, all the altcoins crash. That hundredx coin you’re chasing might have been the hype three days ago, but three days later, it could get chopped in half. $币安人生
I’ve seen too many people jump into altcoins only after BTC has spiked, and then when BTC pulls back 5%, those altcoins drop 20%. They miss the profits and get their capital stuck. $MUB
The correct order: first, understand the daily trend of BTC. If the 20-day moving average is up and the MACD shows a golden cross, then you can pick altcoins with volume and a story. Once BTC breaks key support, clear out all altcoins without hesitation, don’t wait for a rebound. #IranDeniesSundayGenevaSigningDate $LAB
Remember, BTC is the commander, and altcoins are the troops. If the commander doesn’t move, the troops shouldn’t rush. If the commander retreats, the troops should run first.
You don’t need to study hundreds of coins every day. If you understand BTC, you can catch 70% of the opportunities in crypto. The rest, just wait for the signals.