My trading strategies

[MrcMrc]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

[1714191219]

1714191219

[Bitcoin_Arena]

I have tried doing this with top altcoins like Ether via the ETH/BTC pair, but truth is there comes a point when markets start to confuse. Sometimes when BTC rises, even alts rise along. When BTC drops, alts drop along.

Other times, alts just start pumping out of nowhere due to news and FOMO like the recent pumps of DOGE and XRP. It's hard to predict such outcomes via charts. Otherwise one of the best indicators is probably the Bitcoin dominance. When it's over 60%, alts seem to follow BTC price or at times, BTC outperforms them. When the BTC dominance is down, alts tend to perform better than BTC.

[Quidat]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

As long it would worked then stick with it because we do have our own ways on making trades and own ways so it might work for you but not for others.
Be grateful that you do able to make money and able to sustain yourself into this market.Strategies do differ on each trader and i agree that technicals
and fundamentals are really needed for you to make analysis towards your trades not just on making out some decisions and positioning without
any basis because thats just pure gambling.

[tippytoes]

The OP's technique will only work if he selected valuable alts in the first place. But if mistakenly, he invested in the wrong alts, I don't think he will get the same results. Your strategy is very generic. And it will depend on which particular alts are you referring to. Only few of them can give you good returns as most of them will die down before you can get your profits. If the OP knows that his strategy is working for him, why not use it to his own advantage. Just remember, not all alts are worth holding.

[xianbits]

The OP's technique will only work if he selected valuable alts in the first place. But if mistakenly, he invested in the wrong alts, I don't think he will get the same results. Your strategy is very generic. And it will depend on which particular alts are you referring to. Only few of them can give you good returns as most of them will die down before you can get your profits. If the OP knows that his strategy is working for him, why not use it to his own advantage. Just remember, not all alts are worth holding.

I also don't know how was his strategy is so special, well, no offense to the OP but, that is so basic almost everyone have already done and have been doing. But, good to hear it worked to him so well and that he has bagged good alts before the market soared at this level.

On the other hand, though some alts are not worth holding, I've seen a lot of those considered shitcoins before now soaring so high now. Which gives me second thoughts.

[RealMalatesta]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

I do not think always good altcoins are moving opposite to bitcoin market. There were occasions they both traded on same directions and opposite directions as well. For example, when bitcoin was trading below $5000 levels, ethereum also trading around $200 from its ATH of $1100.

Overall when money is moving out of crypto space then both bitcoin and altcoins will facing bearish trends. When investors diversify to have balanced portfolio, they do invest with both bitcoins and good altcoins then both bitcoin and altcoins will get into bullish trend which is happening right now.

I guess you might have followed specific coins to maximize chance but in simple overall look, your strategy is not a working one for me.

[LUCKMCFLY]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

That is an excellent strategy, but that means that you have had very good vision regarding altcoins and some good luck, because there are many altcoins that have not yet started since 2018, however I know the logic you apply and it is very good What criteria do you take into account to buy altcoins? do you apply technical analysis? Or do you only buy the altcoins that are closest to the Top of CMC? When the price of Bitcoin falls, what do you do is buy altcoins? What happens is that when Bitcoin falls in price, altcoins tend to fall faster, the important thing is to know at what time you can buy that is the lowest point, since if you buy at some point the same altcoin will fall much more.

[traderethereum]

That is good.
If you can do that, you can continue what you've done before because that can give you the profit.
I am sure that is what other traders did and that is the best way for them to make a profit this year.
The next thing we need to do is rinse and repeat and try to make as much profit as we can before the time is over because when that is over, we will not be able to make a profit again.

[semobo]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

When you are trading against the BTC value then you should ignore the profits in terms of USD or else you will make mistakes with your strategies. And its good to know that you had patience to take advantage of downtrend and uptrend on the crypto, so just keep doing what you have been doing.

[Gozie51]

I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

This is right and it has repeated itself again this bull find after it occurred in 2017 bull. Investors who were experienced back in 2017 got their bags filled too and dumped for profit later. Almost all coins have given profit this season too. I have followed two coins or even three or more, you can name them, tron now at 0.14 from when I started following at 0.05. Of course we have seen doge making a huge and outstanding move from 0.02 to above 0.40, Bgl have also done a price rally and dumpers too advance lol. Is a profiting investment to take advantage of bear and wait for bull.

[$crypto$]

This is a simple strategy of recycling which is done where you are right by filling the bag when the price is down even though this technique is often used a lot if they are not too much towards their analytical technique.

I think where people really need in this, but they are always inaccurate and miss FOMO which makes them trapped so that I have to be careful, but rest assured if you have done it yearly it means you are comfortable with this strategy.

[wxa7115]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

If this has worked for you then that is good but you are doing something else even if you do not realize it as you are being too vague with your strategy, I get what you are doing, when the bitcoin dominance is high you buy altcoins because you know an altcoin season is coming, and when it seems we have reached the limit of the movement and the bitcoin dominance is low then you buy bitcoin.

The strategy is clear enough but there are many moments in which bitcoin and altcoins seem to be move in unison and that is when it is really difficult to employ a strategy like that as it is not clear what it is what you should be doing at the time.

[boyptc]

Simple strategy but will definitely work if you want to accumulate more bitcoin. You don't have to be an expert or pro for you to make the best out of you.

You only need to have the right time to sell and strategy wise as you increase bitcoin in your portfolio.

[Sinjokubhi]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

As long it would worked then stick with it because we do have our own ways on making trades and own ways so it might work for you but not for others.
Be grateful that you do able to make money and able to sustain yourself into this market.Strategies do differ on each trader and i agree that technicals
and fundamentals are really needed for you to make analysis towards your trades not just on making out some decisions and positioning without
any basis because thats just pure gambling.

Yes, just be yourself. Do anything and get things done in your own way and by your own decision. If that way you can make a profit, then go for it. With that said. Be grateful for what you have now. Because it is not certain that other people can do it like you, many of the traders and holders who try the same method but, there are those who actually experience losses. I agree, we have our own way to trade, not necessarily your way will be successful if it is used by other people, and not necessarily other people's ways can work for you. Find out what is your own way of making a profit. Of course, if you want to be successful in any way you have to know the basics. If someone immediately tries it without knowing anything about this method, then it will be very risky, because we don't know how the system works in this way, such as holding coins or trading coins. That's all it takes in the name of basic knowledge or skills so that you can understand what you are doing, how to make the right decisions, you will be able to solve them according to your own abilities.

Don't get hung up on one way to make a profit, if you can use another. Then it will be more profitable for you when your other way is not working well, or when you experience a loss. Maybe in some other way or method you can also make a bigger profit than what you are getting now. But don't forget your old ways. If both can be profitable it will be even better.

[J1mb0]

I have tried doing this with top altcoins like Ether via the ETH/BTC pair, but truth is there comes a point when markets start to confuse. Sometimes when BTC rises, even alts rise along. When BTC drops, alts drop along.

Other times, alts just start pumping out of nowhere due to news and FOMO like the recent pumps of DOGE and XRP. It's hard to predict such outcomes via charts. Otherwise one of the best indicators is probably the Bitcoin dominance. When it's over 60%, alts seem to follow BTC price or at times, BTC outperforms them. When the BTC dominance is down, alts tend to perform better than BTC.

The truth is that the cryptocurrency market moves in such a way that no one can grasp it. So no one strategy is perfect, everyone has their own strategy and a little bit of luck if they want to succeed.

[so98nn]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

How on the Green Earth that worked man?

The scenario in 2020-2021 has changed completely mate. The correlation that you are saying no longer works. All the altcoins do follow the same pump as bitcoin do. I mean there is no inverse proportion now a days. If bitcoin is pumping then altcoins are also pumping at the same time.

Moreover there are many many altcoins who don't even rely on the bitcoin movement since they have created their own economic environment and they play within that boundary only.

It could be just your good luck or time when things turned profitable for you. But, you must recheck your strategies beforehand now.

[Rehan Zakir]

Your trading strategies are great. It means you want to say that buy when everyone is selling and sell when everyone is buying. I am using RSI indicator for day trading. But find where is the opportunity for buying.

[isaac_clarke22]

Great advice there, OP.
Though I would like to ask on what "handful" of altcoins are you really looking into, like what top coins do you mostly trade BTC with? ETH? BNB?
Or to be at least precise, top 10?

[SacriFries11]

Everyone has their own strategy in the crypto market, if that tactic still can help them earn then it is a good one.
Personally, I am not good at trading so I choose to keep it long and until now it helps me earn money so now I stick to that strategy.

Yes, I think OP strategies will most likely work but not all altcoins and not all the time and not all the time the BTC and alts are opposite direction. It's more like BTC and alts have the same trend. Learning about the fundamentals then support with the TA will give you greater potential of winning in trading. I know someone that been doing that strategies and it worked. He's not also greedy and stick to his plan to sell when he gain 5% of every trades but need to be consistent.

[Ziskinberg]

First am not a pro trader, but my trading techniques have proven fundamentals. I recycled around Bitcoin and some handful of good altcoins; I trade with a hand full of funds since altcoins and the bitcoin market move in the opposite direction; I fill my bags with altcoins when the alt markets are down against Bitcoin and sell them when the market is on the rise to buy bitcoin which will be on a downtrend at that moment.

This technique has worked for me over the years.

And the chances are, the holder will sell their altcoins prematurely or waiting for the next bullish season. I find it difficult for impatient people since altcoins don't get easier to recover, unlike Bitcoin.

This strategy could really work for those who never think about quick returns and also those who just only use their extra money for trading. But if a person just relying on the profit that they can get from trading as the only source of income, that absolutely be a problem.