Hey there crypto trailblazers!
Miles Deutscher, the crypto maestro we all turn to for guidance, is back with some crypto magic to help you conquer the ever-exciting crypto bull market.
Brace yourselves; these aren’t just strategies; they’re the keys to unlocking the doors of crypto success.
Creating Your Crypto Watchlist: The Alpha Move
So, you’re gearing up for the bull market, but why not do it like a pro?
Miles Deutscher insists the first move is creating a crypto watchlist, not just a casual scroll through your favorite projects.
It’s about laying the groundwork for a blockbuster success story.
Are you feeling underexposed?
Don't worry, this current rally is nothing compared to what happens during peak bull.
But if you haven't made a plan yet, now's the time to make sure you have one in place.
🧵: Here's a simple 5-step roadmap to make it in the bull run.👇
— Miles Deutscher (@milesdeutscher) November 12, 2023
Understanding the Market Phase: Navigating the Crypto Seas
Before you dive into the crypto ocean, Deutscher suggests a pit stop to understand the market’s current phase.
We’re in the accumulation phase, according to him – not quite at the bottom, but far from the peak.
The game plan?
Stack up on those high-quality projects and ride out the waves.
Diversification: Sector vs. Market Caps – Choose Your Weapon
Now that your watchlist is the envy of the crypto town, it’s decision time. Deutscher gives you two strategies: sector-based or market cap-based diversification.
Sector-Based Approach: Imagine assembling a dream team across Layer 1, Layer 2, AI, and gaming crypto coins. It’s the Avengers of the crypto world, each sector bringing its unique powers to the table.
Market Cap-Based Approach (Deutscher’s Preferred Method):
Large Caps (40%)
Mid Caps (30%)
Small Caps (20%)
Micro Caps (10%)
The percentage breakdown?
That’s where the artistry of your risk tolerance and goals comes into play. It’s not just a strategy; it’s a masterpiece, uniquely tailored to your crypto journey.
Patience: The Virtue of Crypto Navigators
Now that your crypto ship is set for sail, let’s talk about the virtue that separates the crypto pioneers from the rest – patience.
Deutscher emphasizes marking out your price entry points, ideally snagging those golden coins when they’re hanging out in the green box on the chart.
The Green Box Ideal: Where Dreams Begin
In a perfect crypto utopia, the green box is where you always make your move.
It’s the golden gate, the entry point to crypto dreams.
But alas, the crypto world isn’t always a fairy tale, and the green box isn’t always in your sights.
Identifying Support Levels: Yellow and Red Boxes – Your Allies
Meet the yellow and red boxes – not just colors on a chart but your allies on the crypto battlefield.
Missing the green box doesn’t mean it’s game over.
These support levels in yellow and red offer additional entry points, turning potential setbacks into strategic moves.
The Art of Patience: A Symphony at Range Lows
Here’s my take on Deutscher’s golden rule: for the lion’s share of your capital, patience is not just a virtue; it’s a superpower.
Save your accumulation prowess for range lows.
It’s a waiting game, a symphony of patience.
You might think you missed the boat, but in crypto, boats come around more often than you’d think.
In my humble opinion, trust the process.
As Deutscher wisely puts it:
“You’ll be surprised how many times you’ll get another nibble despite thinking you’ve missed the move.”
Closing Thoughts: Ready, Set, Bull Market – My Crypto Journey Begins!
And there you have it, my fellow crypto aficionados – a sneak peek into Miles Deutscher’s playbook for conquering the crypto bull.
Creating a watchlist, understanding the market, strategic diversification, and embracing patience – these are not just steps; they are the heartbeats of success in the crypto universe.
As the bull market looms, it’s not just about gearing up; it’s about crafting your own narrative, a story of triumph in the crypto saga.
In this ever-evolving crypto realm, having a game plan isn’t just a strategy; it’s your personal legend.
So, equip yourself with knowledge, channel your inner crypto warrior, stay patient, and let the bull market games begin!