Opportunties in Crypto Crash

2 min read August 4, 2024
Lenka Fetyko

Opportunties in Crypto Crash

Markets are puking.

Just when pain is unbearable, is when swing traders can make some nice profits. There are opportunities abound, if you can time your entry and find the bottom.

In fact, these are times when traders can make their entire year’s worth of profits!

And there positive catalysts ahead.

Majors Performance

Source: altFINS

 

 

Is the Bottom In?

We use three factors to gauge where the bottom is:

1. Uptrend on Long-term basis
2. Relative Strength Index (RSI)
3. Support level

We look for assets in an Uptrend, where RSI is oversold (below 40) and price is near a support level.

For some assets, these factors have lined up!!

In fact, crypto markets have traded down for 7 or 8 days straight!

This has typically lead to highly profitable swing trade entries for a bounce up.

You can find such assets in the Crypto Screener.

Here’s a link to live market scan results.

Pre-Set Market Filter: Oversold in Uptrend

Oversold Assets in Uptrend

 

We teach the “Oversold in Uptrend” and Oversold at Support” trading strategies in our new Crypto Trading Course, which covers 7 trading strategies and risk management to help you profit in any market.

Go check it out, it’s free until end of August!

You can also find such trade setups in our Technical Analysis section.

These include price targets and stop loss levels.

See all Trade Setups

0 Comments
Leave a comment

Your email address will not be published. Required fields are marked *