Michaël Van de Poppe, a famous market strategist and crypto trader, shared his insight regarding the altcoin bull cycle advantage. He pointed out the most specific point for taking the most out of the bull cycle and advised different traders and investors to initiate with the method of DCA, which is a dollar-cost averaging method. He further expressed that by issuing this method, investors would probably start investing smaller amounts in Altcoins at different time rates.
In his recent YouTube video, he exclaimed the importance of DCA’ing. According to him, if an investor holds a view for a bigger range, he should probably start with a tiny bit of accumulation and continue until their desired set range is completed. This approach is clearly indicated to provide more benefits and ease to the investors in a heavy paced crypto market. The biggest advantage one might get from this method is they would be able to sustain in a long term market race and will soon hold a strong position.
The next most beneficial method that Poppe outlined was the “Swing-trading” method. This method was specifically mentioned for those investors that are interested in keeping the pace for short-term advantage. While providing different benefits of this method, he also warned investors to keep an eye on shorter time frames that are provided under this program. These shorter time frames clearly seem to be somewhat risky for any investment. But rather than that, investors look for optimistic points, including high-reward crypto assets as well.
According to Poppe, short term trading includes a small-horizon pace, including make a profit and stop loss areas. And somehow, it is different from Swing trading.
According to him, short-term trading might be beneficial in many cases for investors because of their short term goals; their frames are also based upon those short-termed activities. But on the other hand, short term framing system might actually be short-ranged.
He finished his trading session by pointing out the ongoing booming success of Bitcoin, and in a contradictory statement, he also emphasized the $52k critical pullback in upcoming events.