It's mini alt season! Here are the best trades you can take for max profits.

By MadMaxx | Psycho Crypto | 25 Apr 2020


Man have I been busy lately!

Alts have been going nuts, and I've been buying them all up every dip I can. I've actually run out of money on my trading platforms, so I'm waiting for Monday so I can totally liquidate my Publish0x earnings and add to the fray!

But what exactly is this trend with alts? Should you buy the dip? What coins am I watching? What trades have I benefited from that yield another opportunity?

All those questions would be answered shortly. Let's go!

Ok. First question. What's this trend with alts?

If you were in crypto in 2017, you'd have experienced the 2017 alt season.(I got into crypto AFTER the alt season😢)

Alt season is simply a time when all the alts go nuts, skyrocketing in price as Bitcoin either moves up gradually or dumps into the shitter.

It seems pretty likely that we might be experiencing such a time once again, this time mere days before the halving.

As Bitcoin's block reward gets halved in a few short days, it seems that alts are getting ready for whatever happens after then.

Usually, Bitcoin's price dumps a lot after the halving, as all the miners hit the market with their sell orders. But this time might prove to be different.

Yesterday alone, we had two coins totally skyrocket in value, yielding a positive 50% and 75% respectively. 

Since yesterday, multiple coins have been blowing up lately. The ones shown on the Binance trending page are usually the best trending ones, but I've seen coins with 20-30% ranges so far, most of them on the ETH cross pair side.

It seems like alt season is here again, and I won't fail to capitalise on this, and neither should you.

Which leads me to my second question: What coins am I watching?

I have some low cap ones I'm watching, but I won't be sharing those here so that my setups don't mess up with everyone buying them up. I however would share my larger cap set ups.

1. XTZ

I believe that XTZ is absolutely going to pop. Like absolutely. I was able to pick it up at the low 2769, and forgot to sell that day. 

That was the only time forgetting to sell has done me a good turn. I'm still holding that position till the flip of the ATH resistance, at which point I'll let 40% of my position go. I would have locked in about 63% profit, which would be absolutely insane.

 

2. ALGO

I wasn't lazy today and actually took screenshots of my tradingview charts. This way, you can see my illustrations much more clearly.

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This one looks great already. I'm looking for entries around the red circled area. This will ascertain that the uptrend has started, and I will be riding it to the topmost black line, taking off 20% of profits every line above. I will only be risking 2R on this trade, so I have a lot to gain, and very little to lose.

You can follow my strategy if you wish, or you could use your own strategy. Just keep an eye out on ALGO!

 

3. BAT

I have already taken a sweet 7.8% profit off of this, but I have about 5000BAT more for the move up. I am currently watching a few ranges, as I'll show in the below photo.

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I took off 7.8% on the red line, and I'm looking to empty off all my BAT at the topmost black line. And YES, I will be adding my BAT earnings from this week if the trend isn't over by then!

Those are the large cap alts I'm currently watching guys. 

It's mini alt season, so let's secure these bags!

Thanks for reading!

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MadMaxx
MadMaxx

In the eternal quest for crypto fulfilment. I'm an obese frog on the internet, what I say most definitely isn't financial advice.


Psycho Crypto
Psycho Crypto

Fun experiments with crypto!

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