image using Ai.
historically november seems to be a bad ones but this is the best november in crypto history. Bitcoin is showing strength and making ATH like we've never seen before.
And seeing Altcoins running instead of just those memecoins, it makes me feel happy as I've been waiting for it since last year.
This seems like a mini Alt season
I studied whales market manipulation couple months ago and one thing I learnt from that was "whales usually run altcoins for the first time just to see how much control they've over the coin" and it's called "pre-pump".
At this point what we're seeing with Altcoins is whales running it higher and gearing up for the altcoins season ahead.
First whales or market makers will run these Altcoins up to make buyers in and test those coins, next one is correction and once the correction with major Liquidation happens, we'll see turbo altcoins season.
My Old Theory playing out in this bull run
It's been months now when I first talked about "bringing retail investor back" and one of my theory was that to bring those retail investor back
Market will have to send coins from 2021 bull run to highs until their losses become profit, those retail investors won't comeback in crypto.
Now look at XRP, ADA and DOGE; these charts are convincing those 2021 crypto quitters to comeback
Now cardano chart looks like this, the chain is ghost but every 2021 bull run holder is in lost but now they're recovering it back which is a signal that retail investors are here, they'll buy your bags in coming weeks.
Altcoins Trading Playbook for this bull Run
I'll keep this simple as possible when altcoin season begin I'll diamond hands my spot holdings that include coins like: Hive, SOL, SEI, FTM, ENA
Some of Altcoins will be quick gainers and losers every other day so to trade them we'll have to leverage up.
My plan is to rotate from Ai narrative to RWA, RWA to depin and memes.
Ordinals narrative is going to do good since this entire bull run is about bitcoin so its eco friendly have edge in the market.
Buy rumors and sell the news as well as whatever coin that gets listed newly on binance is going to be my pick. New coins in bull run pumps hard since it have fresh books.
Try not to Round-trip profits
This bull run challenge is to not round-trip any profits made which means giving market back everything you've made.
So, we'll have to focus on "taking profits" and last year my mistake was "keeping profits in stable coins" while I should've sold altcoins to get bitcoin.
That's the best way to secure profits from Altcoins when the trend is clearly up.
wrapping up...
In the end I hope this time we're really going for altcoins season. Hopefully this rally won't fail this time like all the other times.
If this is really the altcoins season we all have been waiting for than things are going to become really good and seeing hive recovering, joining this uptrend feels so good.
Let's try not to make mistakes and make dreams reality in coming weeks or months of this bull run.
Posted Using InLeo Alpha
Interesting strategy
!BBH
Thanks brother!
!PIZZA
You've really learnt your lesson and re strategized. Never knew about the 'testing water tactics' by whales. I can't really doubt this because I mostly see it play out in the alt markets
it's never late to make a better strategy/decision.
And yea Alts are easy to manipulate so....
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