Investment Idea: Four altcoins for a profitable portfolio

Investment Idea: Four altcoins for a profitable portfolio

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Author: Liam Miller
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Investment Idea: Four altcoins for a profitable portfolio

The trader talked about trading strategies for four cryptocurrencies


 

A popular trader and analyst on TradingView (oldcheats) told about trading strategies for four cryptocurrencies


Today, consider the idea of investing in four altcoins. Each of the presented options has a fairly high capitalization, a volatile technical model, and are real active projects. The assets are also traded on large centralized exchanges.

So why invest in altcoins instead of buying bitcoin (BTCUSDT) or ETH? There are quite a lot of reasons, let's highlight the main ones:

Moving away from the classic concept of buying market leaders;
Achieving more meaningful financial results due to volatile asset models;
Portfolio diversification;
Striving to "beat the market" in terms of returns;
Some altcoins are near historical lows, which increases the calculated mathematical expectation of the trade.
All of these points lead to one goal - to increase portfolio returns by acquiring volatile assets.

  • Filecoin (FIL)

Filecoin Storage. 30th place by market capitalization. Up to 40% of the crypto portfolio.


In 2023, the price approached the $2.3 multi-year lows twice. Each test of the level resulted in the creation of a trend source - a market maker buy position. The source consolidation level is $4.3 and is equal to current prices. From a technical point of view, this is a great time to buy the asset.

After the breakdown of the $9 level, the price will move into the phase of global growth with the purpose of reaching the locked volume (market maker's position to sell) - $24, then to the range of $35 - $41.5, where it is necessary to close the position. Thus, the trade would look as follows:

Purchases at current prices ($4.4)
Take Profit (TP) $35 - $41.5
Stop Loss (SL) $2.2
Expectations up to x10

  • VEChain (VET)

Public blockchain. 38th in terms of capitalization. Up to 20% of the crypto portfolio.


Two new trend sources have been formed in the technical picture of the asset, anchored at $0.01822. This technical combination is the basis for the formation of a position in the asset with the main goal of reaching the locked volume of $0.076. Based on this, we can plan the trade as follows:

Buying at current prices ($0.0186)
TP $0.076
SL $0.013
Expectation x4

  • EOS (EOS)

Blockchain. 52nd place in Crypto Market Capitalization. Up to 20% of the crypto portfolio.


The technical picture of the asset differs from the previous ones. Mainly by the fact that the source of the trend is just forming in the market, and as a consequence, it is possible to form a position at the beginning of a growing cycle.

It is possible to enter the transaction both at current prices ($0.744) and in case of a decline to the level of $0.69. It is also possible to consider a combined option - to enter the transaction at current prices, on a part of the capital allocated to this asset, and after the decline to gain on the rest. Thus, it will be possible to utilize all allocated funds for this asset and form a position with a low average purchase price.

After exceeding the level of $0.832, the source will be considered fixed, and the asset will move into the growth phase with targets of $1.36, $2.75, and $5. The trade will be as follows:

Buy at current prices
Rebound at the decrease to $0.69
TP $1.36, $2.75, $5
SL $0.48
Expectations up to x6.7

  • Dash (DASH)

Payment system. 93rd in capitalization. Up to 20% of the crypto portfolio.


At the moment, a trend source is being created. At this stage, it is possible to form a position with a low average purchase price. Transaction structure:

Purchases at the current $31.6
Take-up at the decrease to $28.6
TP: $68, $126, $215
SL: $20

 

 

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