The coming altcoin news show that a set of altseason tips on maximizing profit during the upcoming trading session – delivered to you directly by the top analysts and traders.
Now that Bitcoin has started cooling off from its bullish yearly bear market lows, the pause also presents an opportunity for major altcoins such as Ethereum and Ripple to keep on moving and recover their lost ground. This is why the altseason tips are important for each investor – and why they are featured in our latest cryptocurrency news.
To start off, we are going in with a tweet from Rekt Capital which shows a checklist on how the money flow got in the market, grew Bitcoin’s dominance but also expanded the opportunities for altcoin investors.
1. #Bitcoin rallies ✅
3. $ETH breaks above 200 EMA (i.e long term gauge of investor sentiment) ✅
4. Decline in Bitcoin Dominance⏱️
5. Money flow from Large Caps to Mid Caps & Low Caps⏱️
— Rekt Capital (@rektcapital) May 14, 2019
As you can see in the altseason tips, a break in Bitcoin’s dominance is the fourth signal in the checklist that creates an alt season. This step happens directly after Bitcoin rallies and after money begins to flow into large cap altcoins such as Ethereum and ripple.
Another trader named Panama Crypto listed his altseason tips in a tweet. The expert analyst suggests that the best way is to take profits on the way up while also leaving a “moon bag” reserved for the off chance of one cryptocurrency taking off rapidly.
Things I wish I knew last altseason:
+Take profits on the way up
+Always leave a moon bag
+Chose quality over quantity of projects
+Do not chase green candles
+If you achieve a life changing amount of profit, realize gains and run
+Don’t be greedy
+Hodl only works on the way up
— Panama (@Panama_TJ) May 15, 2019
The best advice in the altseason tips of this trader, is a reminder that if a “life-changing amount of profit” is ever gained, to realize profits and “run.”
A lot of other cryptocurrency investors are featured by many best cryptocurrency news sites for their take on the altcoins. At the height of the lass bull run, many of them saw their portfolios reaching values that they never dreamed of. However, it was the greed and fear of missing out (FOMO) that dominated and forced them to hold the longest bear market on record.
Right now, the altcoin trading season is at solid levels but it is always important to note that profits are nothing until they are realized – and that one profits from cryptocurrency only when they cash it out into a fiat currency.
We hope that these altseason tips will help you with your trading endeavors!
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