Altcoins Season Starts Now, How To Approach The Market!

28 ott 2021

We are deeply tempted to jump around between pairs, buy and sell without a plan which can lead to losses.

When things start to move...
When it is the Altcoins turn...
The best strategy is to be patient.
Plan before buying and then let the market run.

Dogecoin (DOGEBTC) is now showing a strong bullish breakout and this tends to move before the rest of the market does.

We saw Shiba Uni (SHIBUSDT) take its place, in the sense that it printed a very strong wave but it now started to retrace.

Dogecoin vs Bitcoin (DOGEBTC) Chart Analysis

After a strong shakeout 27-Oct., we can now appreciate a very strong bullish candle for this altcoin pair, DOGEBTC.

Prices are moving above EMA50, EMA21, and EMA10.

The MACD is trending up strong aiming for the bullish zone. It is only getting started but there is room enough for plenty of additional growth:

The RSI is above 60, this we consider to be super-strong.

Additional growth is possible.
The targets are mapped on the chart.

Remember to have a plan before you trade.
Remember to be patient and learn to wait.

Thank a lot for reading.

This is not financial advice.

Namaste.