[Profit 100 Questions] 01. How to choose strong altcoins in the current bull market? Examples of practical currencies!

Crazy AltCoin

Like many others, my initial gains in the market mainly came from the crazy bull run in 2017, just like everyone else.

In that chaotic era, a new way of playing was born in the crypto world, which is the ICO wave. In that wave, I believe many people made money by seizing the opportunity at the right time and making a big profit based on luck. As for how much profit can be preserved during the subsequent bear market process, it depends on individual greed. In the first bull market, only a very small number of people held onto their profits, while the majority of people re-invested their profits, or even suffered serious losses of principal.

In this bull run from the end of 2020 to 2021, altcoins that were once worthless have soared by hundreds or thousands of times, such as DOGE that was advocated by Musk and SHIB that took over. Early participants like me have earned very objective gains.

Overnight, various altcoins emerged like bamboo shoots after a spring rain. LOWB coin with a 50-fold increase, PIG coin with a 190-fold increase, and CR** coin with a 1000-fold increase. The common characteristic of these altcoins is that they have no practical value or meaning, relying solely on their low initial price and down-to-earth cultural attributes to attract public attention. They then list on mainstream exchanges to further drive up the price, but their security and compliance are not guaranteed. Additionally, mainstream altcoins have seen decent gains in this bull market.

However, whether to maintain profits is still a test.

Different paths, same destination

Like the results of the 2017 round, as the market frenzy subsides, most of the worthless altcoins are reset to zero.

I often say, 'Never hold onto your altcoin spot until the next bull market.'

It is the operational experience from these two bull markets.

The era of picking up money everywhere comes to an end after a 24-year bull market.

Many people with past experience want to continue to "pick up money" in this round of bull market.

However, looking at the entire trend of the first half of the 24 years, the proportion of currencies that can be raised in this bull market is much smaller than in previous markets.

"It is difficult to pick up money in the current market." This is a visible result.

The reason behind this is that the number of altcoins is now oversaturated, and the market does not have enough capital to drive them.

The saturation of altcoins has reached unprecedented levels. But how serious is it?

By 2024, there are already over 2.5 million cryptocurrencies, a 5.7-fold increase from 440,000 in 2021.

The higher the saturation, the lower the probability of altcoins rising.

Screening for altcoins has become crucial. It's increasingly difficult to find high-quality coins in the complex market every week.

The so-called sector rotation is no longer effective.

Coins that are rising have been rising, coins that are not rising have been sideways, and coins that are falling have been falling.

The current market trend divergence is more obvious, and it is also easier to judge.

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I classify it into three categories.

1. Rise and Rise Again (When the big pie falls, it falls flat. When the big pie rises, it rises even higher)

II. It can fall even further (When the token falls, it falls more; when the token rises, it moves sideways)

3. Independent quotation (do your own thing, regardless of the rise and fall of BTC, it is a bullish trend)

How to use this principle to filter or judge whether the altcoin in your hand will have a better trend in the future.

For the convenience of everyone to understand clearly and simply, I will give you a clear reference standard.

01. Look at the weekly chart of this coin

After April 8, is the weekly trend of this coin still good.

Example: Correct example H.I.G.H

This currency is the one I recommended twice on April 10th and May 20th. The reason for the recommendation is that it rebounded strongly after a decline on April 8th and is in an upward trend on the weekly chart. (Short-term moving average is above, the channel is ultimately above) Since the decline on April 8th, it has already risen 2-3 times from the decline on April 8th.

In addition, like DOGE, it actually fits the weekly situation mentioned, but DOGE is heavily weighted and is in a rising state, but it won't be fast.

For example: Incorrect example O.M.G

The recent drop in O.M.G is related to delisting. However, when I analyzed the coins in the live broadcast room around April 15th, I informed everyone that it is not recommended to catch the bottom for this coin, because it has fallen below the short-term moving average of the weekly chart and lacks upward momentum.

Everyone can refer to the trend of this coin, and it is not recommended to participate in other coins with similar trends.

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02. See if this coin resists the pullback every time BTC has a big pullback.

Example: Correct example O.N.D.O

This coin is also a currency that I have mentioned buying twice in the dynamics. The reason is that it is very resistant to falling, and can even pull up against the decline of the big cake.

So far, it has also shown a very good rising trend. It has doubled since April 8th,

Example: Incorrect Example C.F.X

BTC slight fall, it falls first, BTC pump, it doesn't rise.

Although I have recommended this coin, I still want to use it as a negative example.

03. Independent Quote

For example, p.e.p.e, p.e.o.p.l.e

Fully independent quotes. For similar currencies in the future, do not be afraid to chase after high prices. When there are 1-2 pullback opportunities in the middle, it is necessary to buy in with the trend.

But how to avoid 'enticing longs' and buying coins that fall?

This situation can be used for screening,

1. Check if the market cap is within the top 200. Do not participate if the market cap is too low.

2. See if the weekly chart has started 1-2 times

If the weekly line has started 1-2 times, then the third start is highly likely to pump well and not easy to trap.

Above are Menmen's views on how to screen spot at this stage.

Although the market is quickly saturated, there are still opportunities for those who can truly adapt to this bull market.

If you still don't know how to filter altcoins or judge the coins in your hands

Tell me, and I'll give you the answer,