Profitable Strategy with minimal TA
Profitable Strategy with minimal TA
THE IDEA: Bitcoin dump is a stress test to the coins , the one who bounce back more than the other has more strength ( hidden factors)
https://i.postimg.cc/wx7WzFrr/strategy.png
Only do this for non-scam projects (check my previous post). low risk of insiders dumping( founders , early investors , team ..etc.)
I was doing this for some time and gained some profits with it. However, I didn’t complete this strategy because it needs further optimization.
Step 1: When Bitcoin is dumping, this is the moment to evaluate the strength of all cryptocurrencies and their potential for rising.
Step 2: Wait for about 15 minutes and check which one has bounced more than the others.
Step 3: Perform a small technical analysis (TA) to identify resistance and support levels. Check if this coin has any resistance coming up.
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“Interesting idea, but it doesn’t always work in practice. You’re not accounting for the fact that Bitcoin can dump along with its dominance, while alts might either follow or even start gaining dominance as funds rotate from BTC to alts. Sometimes they dip slightly with Bitcoin before bouncing harder. This is just one of a million ideas that can work, but not consistently over a long period. Still, thanks for sharing your experience!