Key Techniques for Trading Altcoins

5/27/2024, 10:29:20 AM
In the crypto world, emotions drive everything. Human psychology remains constant, and market patterns continuously repeat. This article provides several data points to analyze changes in market sentiment and suggests various websites to find relevant target data. For example, it covers hidden internal wallets and how to examine tokenomics, all of which can help improve your altcoin trading skills.

In one year, crypto researcher Ardizor grew assets from $4,700 to $2.1 million, without using BTC, ETH, MATIC, AVAX, or MODE. This article shares his techniques for trading altcoins.

Trading altcoins doesn’t require complex strategies. Instead, focus on these key factors:

  1. Understanding Crypto Market Psychology
  2. Tracking internal wallets
  3. Identifying undervalued projects
  4. Knowing crypto security principles

Understanding Crypto Market Psychology Is The Most Important.

In the crypto world, emotions drive everything. Human psychology remains constant, and market patterns continuously repeat.

Below is a rough visualization of market sentiment patterns:

“The Best Time To Buy Is When There’s Blood In The Market.”

While many people are aware of this, when fear dominates the market, people tend to sell, only to buy back when greed takes over. This simple rule can lead to significant profits.

Recognize this pattern, then swim against the tide.

Fear/Greed Index: https://alternative.me/crypto/fear-and-greed-index/](https://alternative.me/crypto/fear-and-greed-index/

Learn About Insider Trading

Here’s a recent example: A wallet bought immediately after the launch of HAMMY for $1,500 and then liquidated for $177,000.

How can we be sure this is an insider’s wallet rather than a random trader’s? Consider this: Why would someone buy in before an unexpected surge when there was no positive news about the project in the market at that time?

The answer lies in insider information.

How to find these hidden internal wallets?

  1. Access:https://dexscreener.com/
  2. Find popular coins in the past 6 hours or 24 hours
  3. Click on the top trader
  4. Search early deals
  5. Copy wallet address
  6. Go to:https://alphatrace.co/
  7. For better results, consider filtering out wallets with profits above $500,000 and a win rate of 60%

“How Can We Discover Potential Coins Before Others Do?”

  1. Visit: CoinMarketCap/Coingecko
  2. Choose 10-30 coins that interest you from your favorite areas
  3. Access:https://dropstab.com/
  4. Important information can be viewed on this website, such as project investors, the number of Twitter fans, and financing data.

Where to View Tokenomics

Visit Token Unlocks or VestLab to see the highlights of:

  1. Tokens allocated for the community
  2. Investors’ lock-up status
  3. Investor costs and current prices

Finally, it is crucial to verify the security of the token contract. This habit will protect you from potential scams, rugs, and honeypots. The following two commonly used validators may be useful:

  1. SOL:https://rugcheck.xyz/
  2. EVM:https://www.coinscan.com/

Disclaimer:

  1. This article is reproduced from [PANews], and the copyright belongs to the original author [ardizor, crypto researcher], compile[Felix, PANews], if you have any objection to the reprint, please contact Gate Learn Team, the team will handle it as soon as possible according to relevant procedures.
  2. Liability Disclaimer: The views and opinions expressed in this article are solely those of the author and do not constitute any investment advice.
  3. Translations of the article into other languages are done by the Gate Learn team. Unless mentioned, copying, distributing, or plagiarizing the translated articles is prohibited.

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