This applies well for old projects.
but for newly alts > There is no rule in discovery chart.
Missed this trade
lesson is there
- Weekend + Max funding + Ascending daily triangle + Catalyst from devs.
Tip to track Alts that can outperform Bitcoin
> Just open Alt/btc chart then form your bias
Example at INJ Oct 2023
Alts look heavy but BTC is Not dropping
The point is when you think about shorting Alts is the moment BTC starts pumping 😂