League Of Kingdoms | Bullish Altcoins (Our Mentality Explained!)Good morning my fellow Cryptocurrency hero, the Altcoins market continues to heat up.
We are looking at LOKABTC (League Of Kingdoms Arena), we already looked at LOKAUSDT in a previous trade-idea.
➖ Technical analysis
The bottom was hit 16-August and surely, really strong bullish action is present right after this date. This bullish action is supported by really high volume. All signals point toward additional growth.
One most important fact to consider is the relation of this and other pairs to Bitcoin. Bitcoin has been bearish since March 2024. Recently, Bitcoin has been producing lower lows and today it is red again. Notice how LOKABTC trades full-green today.
This type of price action tells us that LOKABTC, and the other BTC pairs we've been reviewing, are set to grow while Bitcoin moves lower. This is good. Because these pairs can work as a "safe-haven" while Bitcoin ends its correction.
When Bitcoin hits bottom, these pairs will peak. At that point we can switch back from ALTS to BTC. Some Altcoins will grow for years though, so it is wise to plan ahead, focusing on the long-term.
➖ Trading strategy
Here I am showing a short-term target, can be mid-term, of 125%. This can happen within 2-3 weeks, just as it can take 2-3 months. It can also go much higher.
While this is great. Good growth, specially with a bearish Bitcoin, this is not all. We are set for growth until late 2025.
Early calculations are pointing to August 2025 for the peak (new All-Time High) for most of these pairs we are reviewing now (September 2024, and August 2024).
You can always visit my profile and fine over 250 trade-ideas published in August 2024 with all the other Altcoins.
When we are done with the BTC pairings, we will proceed with the USDT pairs.
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This is not meant to "go out-there."
This is not meant for arguments, guessing and discussions.
This is my view of the market and you can use it to the best of your advantage.
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Ignore what does not agree with you.
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Namaste.
