The crypto market is extremely volatile and knowing when something is going to the moon can be a maker or breaker for lot of new traders...you wanna buy something that is starting to climb and sell when it's high enough for your liking...the difficult part is avoiding to buy into something that is already overbought or 50% up and people looking to take profit. unfortunately with all the news and hype of X or Z coins up 100% around, most of us fall for FOMO including myself
the only way avoid this is to get educated and doing more research i think...
how do you guys find early movers? would love to get your comments on this subjet
i generally like to see signs of longer term accumulation, like months of range-trading near the lows. accumulating in the range after a downtrend is usually the highest-gaining strategy, but if it breaks below the range you need to stomach pretty heavy drawdowns. alternatively, you look for signs that the range is broken to the upside. use price pivots and horizontal resistance for this, as well as other tools like %BB.
remember, "overbought" and "up 50%" don't mean that much in altcoin markets, when the trend is up. we are talking about exponential gains. it's tempting to ignore a coin because its price has already doubled, but sometimes that coin will end up gaining 10x or 100x.
