High Probability Alt-Coin Entry Guide.: Telegram
High Probability Alt-Coin Entry Guide.: Telegram
High Probability Alt-Coin Entry Guide.: Telegram
In this guide, we will only study about the technical aspect (Charts) to be
kept in mind while taking a position in an Alt-Coin.
Note:
1. The Best money is made in the Smaller Cap Alts by positioning yourself
on a technical price trigger entry and holding for 5-6 months.
2. I don’t recommend trading small caps on a daily basis (Day-Trading)
Stay with major caps for day-trading.
All the best trading Alt-coins. I will try to share some good 10X projects on
my telegram Telegram
1. Breakout pattern
2. Accumulation
7. Exit
Break-Out
Break-out means the price over-coming a resistant and is able to break free
from it to make higher move.
Here are several break-out patterns, we will try to understand one here.
One of the most common Breakout patterns on most Altcoins is Cup and handle. The name
isn't important; it's basically a smooth bottoming with another retracement, that's smaller.
This is followed by either accumulation or any other bullish pattern.
After the Cup and handle formation, a period of consolidation occurred. (Very common) We
could only guess if it was a bullish consolidation or not, at that time. We will discuss below
how a guess could have been made about it being an accumulation.
During accumulation, the average volume rises for the first time, on a bearish candle.
However, in this instance, the movement, when studied with volume closely, isn't bearish in
nature. This is explained in the chart.
This is clearly followed by the volume expansion continuing. The price rise to the resistance
and volume continuing about the average volume. I've explained previously how, the more
times resistance is tested, the weaker it becomes.
A clean volume Breakout with volume expansion and follow through. Accumulation
confirmed. Study the chart below.
This is the interesting part, as for most accumulations, we see 1. Retest 2. S/R flip (previous
resistance becomes support) 3. 50 EMA now acting as a support, front running the trend.
2. Accumulation confirmed
Illustration Below
Entry Example
Entry Example
Entry Example Above
As described, Altcoins FOLLOW BTC. The Chart of BTC perfectly matches Neo or any other
alt with a delay. One could easily study the Bitcoin cycle and predict the top on Alts, as seen
here. Remember, the Alt cycle follows BTC price cycle.
Opinion.
EmperorBTC