So many random pumps in these days but It's not easy to chase bold moves and make you happy
When It pumps 30% then It tends to retrace 25% and force you to close position with small gain.
BTC is not strong but the weakness of BTC doesn't affect in alts structure.
Wait until BTC to support, Alts will bounce hard.
MA/EMA200, EMA25 works for me.
Do u know the reason?
Many platforms set it as default setting so traders watch it and set is as psychology cycles
It indicates that we are still in the craze
There is no sign for the weakness of the trend
Example: SUI is a strong coin in September
It worked nicely in EMA25 4hourly
Whenever it touched EMA25, It bounced and continued
Just be sure you have to notice strong coins. SUI now is no longer strong.
If a coin is not strong, we have to apply Range Trading Strategy
In strong trend (strong bear market/ strong bull market), it is important to detect the strongest groups.
EMA is a good indicator to chase strong coins in strong trend.
4hourly EMA works for scalping trades
Daily EMA works for midterm trades
The new meme #CAT is really interesting
Binance listed cat meme this time. Thoughts?
In a bull year, there are always 2 times to hit maniac FOMO. One is first months of the year. The other is the late months of the year.
Check 2017: there are 2 times of alt season
Check 2021: there are 2 times of alt season
Check 2024: we already had altseason at first months this year. The other one will happen in coming weeks.
If u miss it, u will have to wait another few years. Goodluck
Whole market will be blow off top at Late November at any price for BTC
There are still meme season awaiting for us in coming weeks.
#MEW
+20%
Just reminder > High Lev is not your friend.
Local fluctuation is massive atm.