1.check btc price action often, take a stand(up/down) and act accordingly .if it's not clear, wait until certain levels hit.
Even if you buy alts, check the btc dominance, ethbtc charts often.
2.Focus on leading alts or atleast on the alts which bounced back faster after the dip. Always remember winner average winners. update your watchlist accordingly.
alts/btc and the alts comparison charts might be helpful in finding the leading alts .
also, focus on the sectors leading at that particular time, whether it could be defi,Ai, layer 1 or others.
3.No need to dca laggards, hoping that they would follow the trade idea. No need to fight against the trend.
listen to the charts, not how you want the trade to be.
4.Check the charts in HTF,mark your level of interest (support /resistance ) and wait for retests atleast in 4H tf.
keeping the support and resistance levels and indicators suits u might be helpful .
5.Have a clear view on trade and adjust your bias accordingly .Take profits upon reaching the targets(or take partial profits atleast and don't give it back to market).
You will be getting bigger cycle and don't spoil it this time.
Hope this tips might be helpful for everyone .....
$BTC and $ETH needs to reclaim those Monday highs(blue line) for any upward continuation.
Meanwhile most of the alts are bleeding slowly while bitcoin failing to reclaim Monday highs .
De-risking altcoin longs until further strength confirmation is not a bad idea here .
Looks like, Only Juice left here is Building spot bags of strong alts like #dydx , #FET , #RNDR and #agix , which broke their weekly accumulation ranges recently until further invalidation .
After that #DOJ news against cz and binance, crypto markets had a little correction as expected.
$ETH is holding those 1900 lows (12h range) for now. if it retests monday lows, then we can expect that it will be going for those 2150 highs.
While #AI_coins like $RNDR and $AGIX held their previous weekly accumulation/breakout ranges(3 and 0.27),had a proper retest in 4h tf and are going up for further continuation.
Also, It's disappointing to see #FET had a nasty 4H break down of those weekly range.
$FET is one of the cleanest chart in both HTF and LTF right now. It had a proper weakly close above 0.49 and a good retest in 4h time frames at those levels.
Hold this levels and it might reach 0.85 in no time.
Previously charts like $dydx and $avax had similar weakly breakouts, but didn't manage to have a proper retest in 4h time frames.
AI tokens like agix and rndr are holding the middle ranges after a weekly breakouts .
I will be patiently waiting for remaining tokens to develop some price action, but not a bad time to long $FET here.
Safe to say that $DYDX is holding that 3-3.3 area after this consolidation period and looking for continuation towards 4.5 . #dydx #nfa #Binance #TechnicalAnalysis
looks like the bigger bids are rotated to $NEAR from the remaining L1 like sol. if Bitcoin doesn't spoil the party , $NEAR reaches 2.7-2.8 in short time.
Many alts are breaking their 12 months of accumulation range. $AVAX is one of the strongest alt right now. it's looking like it will reach 29 in no time.