In the last 48hours, many of the alts seems to have woken up from the deep slumber, with Ada giving an 28% returns, Doge becoming the talk of the town with a 60%+ gain, Elrond getting pumped consistently over the last few days, DeFi tokens getting all hyped up, and what now?
If you did follow my previous posts, I mentioned an article about Dogecoin :) and it seems to have finally broken out from the one year consolidation with an impressive 60%+ return.
If you followed the BTC Dominance update and got on to your fav altcoins, anyway you would have been in some profits :D
So lets have a look at the Dominance chart once more!
Below is the chart of the 4H Btc Dominance chart.
Link: https://www.tradingview.com/x/1zMcBJ5B/
So we are seeing a clean breakdown from the 4H chart.
previously I shared a weekly breakdown chart as well, almost a month back
So lets have a look at the alts we can probably capitalize on! :)
There can be many alts which can give 1000+% returns as well, but I'm personally not looking out for all the alts, as its not possible for a single human to watch out for all 4000+ alts. lol.In case you feel I missed out something, please let me know in the comments, and I'll surely have a look into that :)
The end goal is to make consistent profits, without getting stuck in illiquid coins where you cant even exit with a $100 holding :P
So lets have a look at the coins I personally bought first:
Ampleforth (22% gains on breakout)
Link: https://www.tradingview.com/x/o6NjQVbk/
P.S. Though I'm holding a small amount, I do feel this coin has room to grow.
It will be wise to accumulate a small quantity between 21xxx - 24xxx with a stoploss below 18xxx.
If you wish to get into this, you can use Kucoin/Bitfinex.Coti (Almost a 15% gain on breakout today)
Link: https://www.tradingview.com/x/zSzEGqho/
You can accumulate around the 310-338 zone wit,h a suitable stoploss and target around 400 sats.
In case you see strength in the candles, you can hold with stoploss, as it may go full bull and take out that resistance arounf 460 sats.Atom (A classic S/R flip on diagonal trendline, gave around 6-7%)
Link: https://www.tradingview.com/x/TVSfjWzU/
You can accumulate around 31xx-36xx with a suitable stoploss (Ideally below the previous support while managing your risk) with a first target of around 50xx sats.FTT, on USD pair (Not much gains, but keep eyes on it)
Link: https://www.tradingview.com/x/YYUIfDtU/
I think it will be safe to buy around CMP and just wait (maybe you need to have some patience on this one :D)
And this setup I shared some 20 days ago is still valid :) So do have a look!MTL (Run not yet started, gave some 5-6% returns, but keep eyes)
Link:https://www.tradingview.com/x/TPa15u9d/
This is one of my personal fav coins, and I'm slowly accumulating in small quantities.
Target: Open, Buy zone: Accumulate.
A few other coins worth noting:
- Privacy coins like ZEC (This may take months to pop!)
- XLM (been looking at it for sometime)
- REN
- ETC
- ETH (Why would you want to miss the biggest alt? ) :)
- LTO Network
- Poly
- KNC
- BAT
And last, but not the least, the leveraged Index tokens on FTX Exchange
I've embedded my referral link here, which, at no cost to you will give me a small commission and you will also get a small discount on trading fees. Its up to you if you wish to use this link :)
But a thought about leveraged tokens: These are a risky affair, especially if you dont understand how they work.
I'm currently using a grid trading bot on FTX and trading on Leveraged tokens.
One of my setups include a majority of Bull tokens on grid trading, on FTX (All of which actually generated some profits in the last one week), and I'm keeping a few bear tokens as well, to be on the safe side! (surprisingly, a combination of both gave me overall profits in the last one month. But again, keep in mind that you need to manually monitor and keep on setting and configuring those bots, or close and start new bots to consistently gain in the market.
In case you dont understand what I'm talking about, dont worry at all, I'll cover everything in the next article. So stay tuned! :)
I'm going to share that in my next article, along with detailed analysis on all the mentioned coins, and an introduction on how you can earn money without putting in too much efforts through grid trading, stay tuned :)
My personal suggestion: Just like the OGs say, HODL, Never fomo, have patience, and ont go all in on one thing :)
and always #DYOR.