I think this cryptocurrency cycle has a characteristic anatomy that is different from the previous cycle.
Technically speaking, the last cycle rose quickly and inefficiently and also then fell on the Covid-19 news, overriding all inefficiencies.
In this cycle, we have somewhat gradual and efficient growth, which provides slow but steady growth.
Based on this distinction, I dare to suggest that the discount prices are the following drawdown values from the local high:
On $BTC from -20% to -30%.
On $ALTS from -30% to -50%.
How I use this on altcoins, I show with an example:
1. $ARB set a local high at $2.425, there was a partial fix of the position.
2. After that, the price started a pullback. We have an interesting range, which I marked above: from -30 to -50.
3. We find the necessary zones in this area from -30 to -50, in this case the SSL lows are marked.
4. When this area is reached, buy the asset with the available cache, or overflow from others.
For example, in this case I bought $ARB with the cache, and also poured from $ETH and $SUI, because there was a strong divergence with these assets, due to the strong fall of $ARB.
All the best. Take advantage, spread the word.
