Hi guys!
With all this market crash, I thought I put some TAs on some good alt coins that I personally set my eyes on.
And the first coin I would buy dirt cheap is the good old dogecoin. Why? Here is why.
DOGE/BTC - Daily Chart
Checkout the insane gains every single time.
DOGE/USDT - Daily Chart
Tools used: Trend-Based Fib Extension and Fib Retracement
Since bitcoin is still dumping and not showing any signs of reversal. These are the area where I'm looking to get cheap dogecoin.
Notice I manage to put a layer of DOGE/BTC price so you can see the correlation. Also, the data on this exchange only goes back to mid 2017.
Note that this is USDT pairing and its on HitBTC. Yes, I know the exchange is quite awful. But if you want to trade alt with USDT this is one of the exchanges where its possible.
Now in a market like this you want to accumulate USDT not bitcoin. When bitcoin is showing signs of reversal you simple switch your strategy.
Conclusion
I personally put a dip buy order on this good old dogecoin and wait for the market to take the bait.
When people are panicking on bitcoin and news, don't get distracted too.
Lookout for opportunity and set a strategy.
Lookout for good coins which is probably dumping hard right now and set an entry point.
Disclaimer
You know the drill guys. This is just opinion and not a financial advise. Do you own research and decide your own trades. Cheers!