How I Find Altcoins Before They Blow Up I found this altcoin called Render when it
was 57 cents After I found this altcoin, I entered and
shared the entry with my private Discord group. Today at the making of this video it is now
at $7.31. A TWO HUNDRED PERCENT INCREASE. Making me and the discord group some amazing
gains. And I m still holding because of what I m
about to share in this video. But how did I find this altcoin?
What tools did I use to make sure this was a good entry?
Well I actually used 4 different tools to find this specific play and im about to share
all 4 of them with you right now. Lets jump straight into it.
Now let me paint you a picture on how I thought about this trading.
AI has been getting strong and strong and people are starting to realize the capabilities
of it. Not to mention, its been one of the biggest
topics in trading right now. AI has been completely blowing up recently
and to be honest, I don t think we are even at the start of the capabilities of AI.
So after seeing all of these huge AI companies blasting off like NVIDA.
I thought it would be a great idea to find one of the best cryptos in the AI space.
Then I stumbled upon RNDR. They are one of the top names right now in
Crypto AI. So I put in a huge bag in right as AI was
starting to get hot. And it is doing exactly what we expected it
to do and is climbing hard. And to be honest, I would not be surprised
at all if this project get above $15 this year if Bitcoin continues to climb.
So that was the idea for this specific crypto.
Now, before I even enter into any altcoin project. I needed to know where the general
market of crypto currency was currently at To do this you can use a simple tool called
the Bitcoin rainbow. Now look, I get it. When first looking at
this tool it looks like a 4 year old got a trading chart and just drew a little rainbow
on it and called it a day. But even this though this tool looks very
simple and has some pretty colors on it. It has proven to be extremely accurate from
the past to the present. What this tool does is gives you a zone of
where bitcoin currently is. There are 9 zones.
Basically a fire sale, BUY, accumulate, still cheap, hold, is this a bubble?. Ftmo intensifies,
sell. Seriously sell, maximum bubble territory. If we look back at the chart you can see the
zones are categorized by color. And just look how accurate this tool has been
in the past. Bitcoin gets into the bubble and sell territory
in the red it drops. Gets in this territory again, drops. Does it again, drops.
Same thing with the buy side. It got down to this are and bounce. Same thing
here. So you can almost use this tool as very high
timeframe support and resistance tool. If we look where we currently are, we are
still in the still cheap section of the tool. So that s good, if you are watching this video
while its new, we are still in a good area to accumulate.
Where we currently are, the chart is saying that we start to get in hot water around the
140K mark. So if we ever do get to that point, its probably
a good idea to start looking for an exit strategy. I also want to point something very important
out. As most of you know, there is a bitcoin halving
coming up. April 19th to be exact. If we look at the tool, we can see after every
single halving we ve had, bitcoin rised shortly after.
And look where we currently are, right before the halving. So that is another key idea that
we are in a pretty good space to start accumulating more crypto.
So we now know when to start looking to both buy and sell bitcoin.
But just because bitcoin is starting to do good, that doesn t necessarily mean we should
start buying altcoins. See bitcoin is a beast within itself.
Sure there is room for 2x maybe even 3x your gains with bitcoin.
But when you start looking at all coins that s when you start getting into some serious
gain territory. 50x, 100x, even 1000x.
But when you start playing with these huge gains, that also means theres room for huge
losses. So how do we careful about this but still
optimize are coin selection strategy to best know when it s a good time to start entering
into altcoins. Which is a great introduction to my next tool,
the altcoin season index. This index is very simple to use.
It provides you a scale to easily let you know where we currently are in altcoin season.
It will let you know if you should be investing in bitcoin itself or alt coins.
When the bar is very low, that means its bitcoin season and if you have any altcoins, they
probably aren t doing too hot. When the bar raises to other side, that means
its currently altcoin season. Meaning if you have any altcoins and the bar
is on this side. That probably means any altcoin that currently have, you are making an absolute
bag off of. Now sure, any of these tools by themselves,
probably isn t very helpful. But when you start pairing all of these together,
as you can see, you can get some serious results. So we now know how to find buy and sell areas
for crypto, we now know how to decipher if its bitcoin or altcoin season, but where do
we begin to start finding specific altcoins (just like this one), that we can start investing
in. Introducing defillama.
Now defillama has a very specific metric that I absolutely love and that is the total value
locked or the tvl. Total value locked is a metric used to measure
the total value that is locked or staked in a specific altcoin.
But how we do we use this metric to find altcoins? Well if we look here, aura has a total value
locked of around 633 million. But If we also look right beneath that, stader
also has a total value locked in around 630 million as well.
So they both have around the same amount of locked in to their currency.
But there is a key difference between both of them.
If we look up the market cap of aura it has a market cap of $41 million.
If we look up the market cap of stader it has a market cap of $30 million.
So with stader having a market cap nearly 25% less, we have an advantage here.
Because what usually happens here is when there is a lot of money on these protocalls.
A lot of time people are going to have cash it out, they need to move it around, and actually
go around and use the protocalls. But eventually all of this money goes back
to the top of where these projects start from. So yeah, both these coins have the same locked
in value but you are getting way more bang for you buck with the coin that has the lower
market cap. This exact strategy is how I find a lot of
gems in the crypto space. So find a coin you like and see how it compares
to other coins with similar locked in values. So weve gone over how to find buy and sell
areas, found out how to see if its altcoin season, then finally found how to find key
differences in locked in values.. But wouldn t it be cool to see what some of
the biggest names in crypto are buying (like theis guy, the developer of etherium) and
see exactly what they are holding in their portfolio?
Well luckily I ve saved the best tool for last.
Arkham. Now as you probably already know, everyone
has a specific blockchain address. And luckily for us, all of that information
is completely public. Every single trade, every single buy, and
every single sell. So if we type in vitalik, the developer of
etherium. We can see every single trade he is placing in real time.
Not only that, but we can see his whole entire portfolio and what he is currently holding.
God damn, he has a lot of etherium. But we can also see all of his most recent
transactions. So maybe you see a big name like vitalik, buying a sht ton of a random
alt coin. That could be an indication that he knows
something you don t and could be a good time to start looking more into that specific coin.
The possibililites are endless with this site. You can look up famous traders, hedge funds,
or even a twitter trader that you think finds a lot of good plays.
You can see their entire portfolio and what they are currently trading.