Coins In Uptrend and Fresh Bullish Momentum

2 min read December 4, 2023
Lenka Fetyko

Coins In Uptrend and Fresh Bullish Momentum

After several attempts, Bitcoin (BTC) just broke out of an Ascending Triangle pattern and above $38K resistance. 

That means that buyers have absorbed the supply from sellers at this key level and price is poised to march higher yet!

(see this and 60 other trade setups on altFINS)

Source: altFINS: https://altfins.com/technical-analysis

And when BTC goes up, altcoins go even higher!! Are you ready to pick the winners? Do you have a strategy?Don’t miss the next major market move.

Use altFINS to find coins in Uptrend and fresh momentum!

See all coins with just one click (see live strategy results)

Trading strategy tutorial: Coins in Uptrend and Fresh Bullish Momentum Inflection

This is a trend trading strategy that uses MACD Histogram indicator to time your entry and exit. Coins in this trading strategy are in an Uptrend and also early in their upswing (fresh positive momentum).

You can find an already predefined market scan right on our Crypto Screener that features dozens of pre-set filters:

 

Watch a tutorial video explaining this trading strategy:

1. First, we identify coins in an uptrend. This is a cardinal rule for trading – trade with the trend. Trend is your friend. Identifying the trend is half the battle. It’s a big contributor to successful and profitable trading. And it’s super easy on altFINS because our system automatically generates trend ratings for thousands of coins.


2. ​Second, identify those that have a fresh bullish momentum inflection. (i.e. MACD Histogram is Up). That’s because prices move in up and down swings. Even in an Uptrend, you will find that prices don’t move upwards in a straight line. Instead, they naturally swing up and down.

To identify such bullish momentum upswing early, we use the MACD Histogram indicator. It’s a great way to find such momentum inflection early on. To find out what is MACD, please check out our knowledge base for a video tutorial here.

When MACD Histogram bars stop declining and begin to rise again, that indicates a positive or bullish change in price momentum.

That’s a potentially attractive entry point for trend traders. Try this powerful trading set up now!

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