Things to keep in mind when trading altcoins in the bull market

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If an altcoin bull market, or bull market, begins, it is very likely that you will eventually make a profit no matter how you buy.

However, if you ride an altcoin that is rising right now, it may take time until it is converted into profit.

Accordingly, when a bull market begins, buying in installments when the candles on the 1D chart are down candles rather than through breakout trading will allow you to make profits more quickly, and you will also be able to wait for large profits more comfortably.


The above is a basic buying method that does not require chart analysis, so it would be good to obtain stable profits through additional trading strategies.


Although it is the best way to earn large profits by investing all your investment in one coin (token), it is not recommended because the risk is high.

However, if you purchase too many altcoins at once, you may not be able to respond when rapid volatility occurs, so it is recommended to trade within the range you can respond to.


Also, if you buy once and then sell 100% as the price rises, you may end up incurring a large loss by buying at the high point, so in a bull market, it is better to leave coins (tokens) equivalent to a certain amount of profit rather than selling 100%.

This is because the average purchase price of altcoins with only the remaining coins (tokens) corresponding to profits is 0, so there is no significant burden when purchasing additional coins.


Therefore, if you sold 100%, you must skip one wave.


You should be careful not to switch to another altcoin just because the altcoin you purchased is not rising, as you may miss another opportunity in the bull market.


(ETHUSDT chart)

(1M charts)

When BTC began its full-fledged upward trend, we marked the section where we thought ETH would rise.


(1D chart)

ETH, like BTC, is a coin that can show independent flows.

Accordingly, it is distinguished from general altcoins.

ETH's rapid volatility could temporarily dominate the coin market, which is likely to lead to an additional uptrend in altcoins.

However, since such movements are shorter than expected, caution is required as the trend of the coin market may change depending on BTC price movements.

It has been falling since rising above 2104.60 on November 9th.

This decline shows that it has fallen to the area corresponding to the previous high point.

Accordingly, you should observe whether there is a possibility of sideways or upward movement around the current price.


Checking whether you receive support or resistance at support and resistance points is very tedious and difficult, but it is a must-do task as it is important in creating or modifying your trading strategy in the future.


If it falls from the current range, it is expected to fall near the bottom of the box range of 1923.03-2104.60.

However, if it does not fall below 1879.61, it is expected to create a pull back pattern, so we need to think about ways to respond.


Since it appears to be trying to create a pull back pattern before BTC, it is expected that after BTC moves, ETH will take the lead and move the coin market for a while.

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- The big picture

The full-fledged upward trend is expected to begin when the price rises above 29K.

This is the section expected to be touched in the next bull market, 81K-95K.

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** All explanations are for reference only and do not guarantee profit or loss in investment.

** Trading volume is displayed as a candle body based on 10EMA.
How to display (in order from darkest to darkest)
More than 3 times the trading volume of 10EMA > 2.5 times > 2.0 times > 1.25 times > Trading volume below 10EMA

** Even if you know other people’s know-how, it takes a considerable amount of time to make it your own.

** This chart was created using my know-how.

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Comment:

#BNBUSDT #BNB

It is located in the important section 240.2-248.8.
The real uptrend is expected to begin above 320.9-339.08.

#XRPUSDT #XRP

The next period of volatility is around November 17th.
At this time, the key is whether it can receive support and rise in the 0.6070-0.7046 range.

#ADAUSDT #ADA

The key is whether it can receive support and rise in the 0.3764-0.4326 range.
If it rises above 0.4326, it is expected to rise sharply.

#SOLUSDT #SOL

A full-scale upward trend has already begun.
Primary Resistance: 94.23-99.49
Secondary Resistance: 118.48-136.92

#DOTUSDT #DOT

The key is whether it can rise above 9.262-10.1307.
To do that, we need to check whether it can rise above 6.280.

#TRXUSDT #TRX

We are approaching the peak section.
1st: 0.11964-0.12933
2nd: 0.13279-0.15535

#AVAXUSDT #AVAX

If the price rises above 18.98-19.73 and holds, it is expected to see a sharp rise.

#MATICUSDT #MATIC

If the price maintains above 0.9279-0.9391, it is expected to transition into a mid- to long-term upward trend.

#NEARUSDT #NEAR

The key is whether the price can be maintained by rising above the 1.99-2.24 range.

#ATOMUSDT #ATOM

The key is whether the price can be maintained by rising above 11.251-11.648.
If it rises above 13.705-14.805, it is expected to surge.

#ALGOUSDT #ALGO

We are still in a section where it is difficult to predict trends.
However, since the M-Signal indicator on the 1M chart is passing around 0.2462, you need to check whether it can be supported and rise in the 0.1409-0.2462 range.

#KLAYUSDT #KLAY

The key is whether the price can be maintained by rising above 0.2216-0.2269.

#FTMUSDT #FTM

The key is whether the price can be maintained by rising above the 0.3273-0.3683 range.
If it rises above the 0.5597-0.6321 range, it is expected to rise sharply.

#LINKUSDT #LINK

We have entered the important section of 13.660-20.410.
Accordingly, it is expected to turn into a mid- to long-term upward trend.

#OPUSDT #OP

If the price holds above 1.692, we expect a move to rise above 2.289.

#WEMIXUSDT #WEMIX

The key is whether the price can be maintained by rising above 2.4001.


Above, I learned about the coins (tokens) that are expanding the coin ecosystem that I am interested in.

If a bull market starts, I think it would be a good idea to check how this coin (token) moves.

Comment:

#ETHUSDT #ETH

It broke from a long-term downward trend by rising above 1879.61.

Therefore, if the price is maintained in the 1879.75-2103.75 range, an upward trend is expected to begin.