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11.9 Altcoin Trading

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Expert Level

There's always hype around Altcoins and rightly so, considering some of them can move 1000% in less than a week.
Typically the market has shown us that Altcoins come to life under certain circumstances.
When BTC is rising in price, it tends to pull the rest of the market with it. However, in such times it can be simpler to trade BTC.
When BTC drops in price it will pull the market down with it as well.
When BTC is range bound and consolidating sideways, this is the most likely time for Altcoins to breakout.
Now the overall principles of TA still apply to trading Altcoins, with some additional steps.