[ad_1]
Now that Bitcoin has begun to calm down after its annual bullish retreat, as the price of the main cryptocurrency stabilizes and consolidates, the pause offers an opportunity for altcoins such as Ethereum and Ripple to recover the lost ground by Bitcoin. ratio of the trading pair.
As most of the altcoins have reached a historic average draw, and all indications are that the season of the altcoins is on the horizon, while the profits generated by Bitcoin are taken and invested in other crypto -currency for additional returns. Those who have lived through the past cycles of the Bitcoin altcoin and bear share their knowledge gained with the crypto community, offering tips on how to maximize profits over the next season.
Bitcoin Analyst: How to Spot a Secondary Season Before It Starts
Following the high-profile media frenzy of Bitcoin at the end of the upward trend in the cryptography market in 2017, the entire cryptography market and all its individual cryptocurrencies have a value ranging from 85% to 99%. , 9%.
Related reading | Altcoin Trader: The Alt Bitcoin bear cycle is almost over, 600% gains are expected during the bull cycle
While these crypto-currencies reached their lowest level in USD, a short-lived season materialized in early 2019 and saw many altcoins double in USD terms. Most of the altcoins had outperformed Bitcoin, especially Litecoin, who seemed to lead the crypto rally before halving it. The tightly correlated relationship between Altcoins and Bitcoin has lifted Bitcoin from the depths of the bear market to the current highs.
However, after Bitcoin passed the $ 4,200 mark, Altcoins began an inverse correlation with Bitcoin, losing rather value compared to BTC while Bitcoin soared, only increasing Bitcoin's dominance.
#ALTSEASON Control List:
1. #Bitcoin rallies
2. The money starts to flow from $ BTC to big caps like #Ethereum ✅
3 $ ETH exceeds 200 MAE (long-term gauge of investor sentiment)
4. Decline of Bitcoin's domination
5. Cash Flow from Large Cap to Medium and Low Capitalizations &
– Rekt Capital (@rektcapital) May 14, 2019
A pause in Bitcoin dominance is the 4th signal from a cryptocurrency analyst's checklist for the conditions to create a transition season. This step occurs after Bitcoin bounces and money starts flowing into large cap altcoins such as Ethereum and Ripple – number two crypts and three respectively.
After Ethereum has surpassed the 200 EMAs recorded in recent days, the fall of Bitcoin dominance should begin. It is at this point that money will begin to be transferred from large-cap to mid-cap and low-cap altcoins.
Knowing this sequence of events and capital flows from Bitcoin to large caps, then to mid and low caps can be added to any trading strategy to maximize profits.
Do not forget to make a profit on crypto winnings during bullfights
Panama Crypto, a crypto analyst, suggests taking profits by going up, while leaving a random "moon bag" of a crypto that takes off significantly.
Things I would like to know since the last season:
+ Take profits by going up
+ Always leave a moon bag
+ Choose quality on the quantity of projects
+ Do not chase green candles
+ If you make a profit that changes a life, make money and run
+ Do not be greedy
+ Hodl only walks up– Panama Crypto ⚡ (@Panama_TJ) May 15, 2019
The best advice the trader gives is to remember that if a "decisive profit" changes a life, you have to make a profit and run.
Related reading | Crypto analysts call for the death of Altcoins, but this could be a decisive buy signal
At the height of the latest rally, many crypto-currency investors saw their portfolios reach values they had never imagined, but greed and the fear of not leaving them have left many in the dark. they have the opportunity to make profits and have been forced to resist the longest bear market ever recorded. . It should be noted that profits are never actually realized until they are realized, and the crypto is cashed in a fiduciary currency.
[ad_2]
Source link