Founder and CEO, Richard Fetyko:

“Crypto markets have rallied nicely in the last two weeks. Many altcoins are up high double digits. Naturally, traders wonder, what’s next? How do I trade this rally now? Do I jump in? I explain two strategies for how I approach the market at this stage in a new trading video here.”

Top 20 Performance

(1W, 1M)

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Two trading strategies for this market rally

My view is that this rally will continue. Some assets are overbought but many are still not.

And while BTC is hitting new ATH, most altcoins are still 20-70% off from ATH and even from their 52-week highs.

So there’s still a lot of upside for altcoins from here.

For more details on my reasons for bullish market view, watch the video.

I could be wrong but a trader must have a view of the market direction, based on the most recent indications.

So with that positive view of ‘market structure’ (traders’ jargon), here’s what I’m doing next.

Basically, my assumption is that we’ll see a shallow, brief pullback or pause in the rally, then all the suckers who missed it (could be you, admit it), will jump on the opportunity and drive prices yet higher.

It’s simple market psychology.

1. Pullback in Uptrend: scan for assets in uptrend, that have pulled back and are near their support level. Great entry point for Uptrend continuation. See live results
2. New Local High: scan for assets that pulled back but are now again breaking above the recent local highs, making new local highs. See live results.

I explain these two strategies in a video.

Here are some examples:

SYRUP: Pullback in Uptrend

SYRUP is in a solid uptrend, based on altFINS trend ratings. It’s pulled back and is near support zone ($0.40-$0.45), which could be a good entry area, with upside potential back to $0.55 – $0.60 for a 30-50% gain.

BONK is in a solid uptrend, based on altFINS trend ratings. It had a shallow pullback then broke back above its prior swing high to make a New Local High.

This signaled resumption of Uptrend and price gained another 20% from $0.000025 to $0.000030 afterwards.