š¤How to Make a š²Million Dollars and Start from Scratch? Step by Step Guide š
šÆThis strategy also applies to beginner traders and is very simple.
š„Utilizing the BTC pair strategy to Discover Strength: Whenever $BTC is experiencing an uptrend or downtrend, you can identify the high performers by analyzing the #BTC pairs, rather than focusing on the $USDT pairs.
1ļøā£Just launch Trading View and input in the search area: any cryptocurrency name, followed by BTC, like: "XRPBTC". We recommend choosing #BINANCE as your exchange platform since it records the highest trading VOLUME. Alternatively, opt for the CEX that offers an extensive history for the chosen pair.
2ļøā£Examine the 3 charts illustrated below (all with a 4-hour timeframe and identical time periods):
1. BTC/USDT is moving sideways whereas INJ/BTC is on an upward trend;
2. BTC/USDT remains steady, yet ROSE/BTC is on a downward trend;
3. Based on this analysis, it implies that INJ/USDT might potentially experience twice (X2) the price movement compared to ROSE/USDT.
3ļøā£This implies that $INJ is currently not only surpassing BTC in performance but also markedly overpowering a large number of other coins present in the market at this moment. It's distinctly above the norm! Fascinating, isn't it?
4ļøā£Use this trick in 2 ways:
A. Evaluate the STRENGTH of your favorite COINS to discern whether they are appreciating in value compared to BTC, merely mirroring $BTC's average performance, or exhibiting a relative WEAKNESS.
B. Browse through the market and identify COINS displaying relative STRENGTH for trading opportunities, as if they are exhibiting greater strength than $BTC, they are likely surpassing the average performance of other coins in the market.
ā We trust you found value in our initial session on pinpointing robustness in the markets. In our upcoming lesson, I will guide you through an additional easy method to identify potent coins! Don't forget to hit FOLLOW, smash the LIKE button, and REPOST to receive more of this type of content!