Altcoin Trading Tips for 2024: Insights from Crypto Expert

• A crypto expert emphasizes buying in 2024 to prepare for the next bullish wave in the cryptocurrency market cycle.
• Strategic altcoin trading with a three-month horizon can yield significant gains, leveraging historical market cycles and consolidation phases.

Alan Santana, a crypto expert, has published an analysis on TradingView that provides a clear trading technique designed for the altcoin market. Although relevant for Bitcoin, this approach forces traders to wait till important support levels are verified. This realization shows itself as traders expect possible notable market swings in 2024 and beyond.

According to Alan Santana, the market for cryptocurrency moves cyclically through phases of bullish waves, corrections, consolidation, and then optimistic rebounding.

His study suggests that judicious buying throughout 2024, particularly before the market initiates its next significant bullish wave, is the key to becoming a “big winner” in 2025. “You have to be a buyer in 2024 if you are a big winner in 2025,” he said.

Leveraging Market Cycles for Maximum Altcoin Gains 

Santana advises a straightforward and practical approach. After about three months of purchasing and holding altcoins, traders might expect returns ranging from 100% to maybe 600%, depending on their choice. He pointed out that whilst some couples would see gains of 20%, others might reach as high as 300% over this period.

If traders make wise decisions, extending the holding time to six months or more gives the possibility for even more rewards.

Past information supports the correctness of this approach. Santana cited the performance of the market between July and October 2023, where tremendous development came from extended consolidation phases.

Many altcoins doubled in value, and even big projects with multi-billion dollar market values showed significant increases. Likewise, the market had another strong positive wave in 2021, therefore demonstrating once more the cyclical character of crypto markets.

From this point of view, Crypto News Flash (CNF) noted that although Bitcoin dominance usually sets the pace, altcoins are typically ready for even more percentage gains during market cycles. This trend emphasizes the chances for exponential expansion presented by diverse portfolios, especially in the crypto market.

With Santana’s long-term view bright, it is likely that the next major positive wave may start as early as two months from now. He advises against jumping into the market, nevertheless, out of impulse. “You cannot buy when prices are rising or following the activity in. This would restrict your possibility for large returns,” he said.