Mastering Altcoin Investing: A Simple Long-Term Strategy
FinanceCryptocurrencyLearn how to capitalize on altcoin pullbacks and use a simple long-term investing strategy to make informed trades. Discover potential bullish signals on Ethereum and how to identify entry points using the 800 EMA on the 1-hour timeframe.
Capitalizing on Altcoin Pullbacks
⏰Altcoins have had a pullback, making it a good time to plan altcoin buys.
📈A simple long-term investing strategy is shared that anyone can use.
₿Bitcoin is back to its weekend trap price action, providing some normality in the market.
Using the 800 EMA Strategy
📈The video mentions a potential bullish signal on Ethereum, possibly indicating a good pullback.
📊The strategy involves using the 800 EMA on the 1-hour timeframe, which is equivalent to the 200 AMA on the 4-hour timeframe.
💡The video uses Chainlink (LINK) as an example to demonstrate the strategy.
FAQ
What indicators are used to identify entry points?
Entry points are identified when price touches or is near the 200 BMA on a 4-hour timeframe, RSI is in the oversold region, and it aligns with a vector.
What should I do if the price breaks below the 200 EMA?
If the price breaks below the 200 EMA, it could indicate a move towards lower liquidation levels.
What should I look for if the RSI drops below 30?
If the RSI drops below 30, the speaker would reassess the situation and look for potential retests.
How can I determine whether to buy a stock?
It is recommended to wait for a stock to come back to the 200 EMA before buying.
What are the indicators to pay attention to while the stock is holding the 200 EMA?
A 50 EMA retest and lower highs on the RSI are indicators to pay attention to. While the stock is holding the 200 EMA, the RSI being high may be a concern for some traders.
Summary with Timestamps
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Learn how to capitalize on altcoin pullbacks and use a simple long-term investing strategy to make informed trades. Discover potential bullish signals on Ethereum and how to identify entry points using the 800 EMA on the 1-hour timeframe.
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