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The Ebb and Flow of Altcoins & Bitcoin
(A Thread)
It’s no secret that #Bitcoin
is absolutely ripping right now!
With that, we’re seeing an accelerated rise in dominance as altcoins shed their summer gains, and their speculative fervor wanes.
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(A Thread)
It’s no secret that #Bitcoin
is absolutely ripping right now!With that, we’re seeing an accelerated rise in dominance as altcoins shed their summer gains, and their speculative fervor wanes.
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There is a consistent and predictable ebb and flow in the #crypto market that all participants need to make themselves aware of.
A seasonal sloshing of capital that moves, often violently, between altcoins, Bitcoin, and yes, fiat/stablecoins (as most learned the hard way).
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A seasonal sloshing of capital that moves, often violently, between altcoins, Bitcoin, and yes, fiat/stablecoins (as most learned the hard way).
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The majority of altcoins don’t just pull back after a cycle, they get absolutely annihilated.
-70% <> -80% <> -99% <> and many never come back...
http://Deadcoins.com
Realize that every token of these dead coins' supplies, was bought & held by someone, somewhere...
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-70% <> -80% <> -99% <> and many never come back...
http://Deadcoins.com
Realize that every token of these dead coins' supplies, was bought & held by someone, somewhere...
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Once you understand this dynamic, a “Just HODL approach” becomes unacceptable.
Even for those who have little time to spend “staring at charts”.
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Even for those who have little time to spend “staring at charts”.
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With a basic understanding of technical analysis and entry level risk management, one can learn to DCA in and out of these cycles fairly easily (in theory).
Psychology & discipline are the tough parts, it takes some effort, but the RR on time spent is worth it!
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Psychology & discipline are the tough parts, it takes some effort, but the RR on time spent is worth it!
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If you position your portfolio to follow these HTF trends, you position yourself to not only enjoy the eye watering gains that crypto can provide.
But you also give yourself the chance to hold onto those gains in Bitcoin or fiat terms through the “risk off” seasons.
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But you also give yourself the chance to hold onto those gains in Bitcoin or fiat terms through the “risk off” seasons.
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Those that have been following along the Hxro Labs account, have certainly seen this “Risk on / Risk Off” dominance chart that we use as a HTF weather gauge.
This chart tells us when to put our precious Satoshi’s to work in the #altcoin market.
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This chart tells us when to put our precious Satoshi’s to work in the #altcoin market.
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So now that we’ve reached this key level of dominance, what do we do?
We sit on our hands!
There will be a large bounce. It could last days or weeks.
CT will call bottom buys and you will feel FOMO.
But price will retest the lows.
It will visit the Reload Zone (RLZ).
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We sit on our hands!
There will be a large bounce. It could last days or weeks.
CT will call bottom buys and you will feel FOMO.
But price will retest the lows.
It will visit the Reload Zone (RLZ).
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Hitting the upside target on this Risk On window is not enough of a signal to go buying the red in altcoins.
Market cycle bottoms take time to form.
Dollar Cost Average (if that’s your strategy).
DCA will outperform most traders over time.
But we will wait. Patiently.
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Market cycle bottoms take time to form.
Dollar Cost Average (if that’s your strategy).
DCA will outperform most traders over time.
But we will wait. Patiently.
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As we did through all the previous risk off windows.
For as long as we need to..
So that we don’t get caught on the wrong side of a global paradigm shift.
Bullish on Bitcoin.
Bullish on Altcoins.
Bullish on trading the trend..
And that requires patience.
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For as long as we need to..
So that we don’t get caught on the wrong side of a global paradigm shift.
Bullish on Bitcoin.
Bullish on Altcoins.
Bullish on trading the trend..
And that requires patience.
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If you’re deep in the red and wishing you’d learned this sooner. Just know, we’ve all been through it, some more than once.
This thread would have certainly offered more value to you in early September.
But let's be real, most would have called BEAR and unfollowed.
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This thread would have certainly offered more value to you in early September.
But let's be real, most would have called BEAR and unfollowed.
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We share this now, to ensure that through the next altcoin/Bitcoin seasonal window, we can all capitalize on it together.
The bottom line:
$ETHBTC is at a key level showing signs of reversal, and the next altcoin rally will put the summer of 2020 to shame.
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The bottom line:
$ETHBTC is at a key level showing signs of reversal, and the next altcoin rally will put the summer of 2020 to shame.
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It’s difficult to comprehend just how bullish the crypto markets will be heading into 2021 and beyond.
Our bread and butter has been, and will remain, altcoin trading.
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Our bread and butter has been, and will remain, altcoin trading.
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If you’d like to learn how to spot price structure and trend reversals for yourself, check out @RandomTask555's brief (2-part) tutorial on our Youtube channel here:
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Apply those concepts to the Bitcoin dominance daily chart and chill.
Wait for confirmation of the trend reversal and optimize your long term equity curve!
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Wait for confirmation of the trend reversal and optimize your long term equity curve!
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We’ll continue to discuss, dissect and analyze the ebb and flow of the altcoin/Bitcoin markets every M/W/F at 2pm EST on Hxro Labs LIVE.
We invite everyone who wants to ride the biggest wave that crypto has ever seen (in its entirety), to join us!
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We invite everyone who wants to ride the biggest wave that crypto has ever seen (in its entirety), to join us!
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