When to EXIT altcoins?
This is my plan. Not financial advice.
The chart is pretty much self-explanatory, but here are some thoughts:
1. On the RSI (monthly timeframe), we're around 70. History shows us that when we close above this level, we see the largest growth of the bull run.
2. When we close above the previous ATH, we print a high, well above the 70 mark on RSI. Then, we see a correction. Afterward, we run again, higher, printing another high on price BUT a lower high on the RSI. This is called divergence. A divergence shows weakness. Yes, the price moved higher, but there isn't much gas left.
3. As soon as we print the second top while observing a divergence, the top is confirmed when the RSI slope turns down (starts pointing down) - "best time to sell" - indicated by the black vertical line on my chart.
4. Then, we enter a bear market. History shows that the RSI goes below 50 and stays there for a couple of months - the best time to buy/accumulate.
5. After that phase, the RSI goes back above 50 - the first phase of a bull market. Then, it rises above 70, and the cycle repeats.
If you like this kind of content, you know what to do.👊
Motivational Sunday for my degen friends.
Just wanted to tell you that by end of this cycle you'll be filthy rich.
In 2017 I turned 500$ into $20,000 within 6 months.
Crazy stuff happens at the end.
Don't be a pu**y, grow some balls if needed, and let's get rich.
All those regulations will make it harder for the average guy to get rich.
Make sure you take advantage of this cycle!
If you bought $BOBER at launch, when I posted about it here, you made 6x.
The first MEME coin on MultiversX that hit $2 million marketcap.
If you’ve made good money on this, don’t forget about profits and/or taking initial capital out. Not financial advice, just good practice when dealing with high risk coins and crypto in general. :)
$EGLD 1.5 billion $ marketcap and not a single MEME coin above 1 million marketcap on this chain? Something's off.
$BOBER do something, show us the way.
Make MultiversX great again.
⚠️Disclaimer: I hold a small bag and this stuff can go to absolutely 0. This is high risk and mainly for fun.
Pentru ca spre deosebire de alte piete, crypto e emergenta (in curs de dezvoltare). O dovedeste numarul de participanti in crestere cu fiecare ciclu. Halving-ul nu va mai conta atat de mult in urmatoarele cicluri pentru ca deja 19.6 milioane din cei 21 milioane au iesit deja pe piata.
TVL-ul si google search volume sunt niste metrics obiective pe care le consider ghid, impreuna cu numarul de vizualizari pe care le obtin influencerii pe youtube cand discuta pe subiect. Top-urile in piete se pun cand majoritatea participantilor sunt investiti si pozitivi, datorita social media se creeaza asa numitul hype, efectul de turma fiind extrem de puternic.
Pro tip: look at your favourite crypto youtube influencers.
Go to "videos".
Click "popular".
See the numbers.
I bet the most popular videos are from 2021. Save those numbers (views).
When the herd is here, watch those views increase like crazy, to 2021 levels and higher.
Then it's time for you to get out.
Notice how pullbacks dont last long. The market makes it hard for you to get in.
You're not the only one waiting for these corrections. Tons of people sidelined wating to buy.
Some are still struggling with bear market PTSD. They want to buy, but they cant. The blood and suffering haunting their souls.
This correction is the healthiest thing that could happen to crypto if we want this bull run to continue.
Lots of opportunities on strong altcoins.
Those who missed the bottom, have now a chance to slowly accumulate.
By no metrics we’re at the top of this cycle. I strongly believe we’re going much higher.
This is my bet. I’m fully aware of the risks. Scared money don’t make money.
It's true that experience is the best teacher, but don’t underestimate the teachings of a teacher!
Please welcome Vito Henjoto, your expert today, who will be sharing his rules of life. Swipe left to check out the full interview, and let us know your thoughts in the comments!
I didn't take any profits at this recent top.
I won't take profits before I see ATH on majors like ETH, SOL, BNB.
Do what you want, I'm not your financial advisor.
I'm a complete degen.
$BTC somewhere around 58k, next logical area IMO.
But huge opportunity for getting into alts.
Also, look how "ETF inflows" can't keep the price in UP ONLY mode. Take this fake narrative out of your mind.
Institutions are here to make money, not to pump your bags.