A thread on two types of altcoin traders - people mix them up, misunderstand and then flame them on Twitter when x happens.
(x = breakout, breakdown, sideways, bart, whatever)

I just can't stop being fascinated how many 2017 pumps did full retraces and how many look so similar.
All they've done is create a plateau, a lot higher in USD terms, but they're the same against BTC.

After Poloniex added @stratisplatform in 2017, the area around 6000 sats was the support for the quick reaccumulation before the bullrun to 380 000 sats.
Stratis is now trying to break out from accumulation.
The first resistance is 5700-6000 sats. https://charts.cointrader.pro/snapshot/6vJgM 

If you can filter the degenerators out and wait for eventual bullruns, it means you're buying & holding them a la @SecretsOfCrypto or @needacoin.
On the other hand, you can be like @ThisIsNuse and me, who buy the breakouts and trends.
Both methods have (dis)advantages.

Secrets and nac might have been STRAT buyers all the way down from the plateau around 20k sats in 2018 that looked like accu range.
But they bought more here from 3000-4000 sats.
They've been sitting on their coins (maybe even staking them) and they're likely back at breakeven.

They get a lot of flak for buying and then sitting underwater. It takes rock solid risk management not to blow yourself up.
You need to have available capital to average down over a long period of time.
It doesn't matter how much in absolute terms, it matters in relative terms.

I prefer buying the breakout here, even if it means I get faked out.
If it's a false signal (or the market is a cunt) and I get stopped out, I wait for another opportunity.
But my money was free all that time to do other things, like get lost in the Bitmex insurance fund.

It means I usually get a worse average entry than nac and secrets, but it also means I have capital available more frequently.
But it also means I have a simple filter: the coin has to have gone UP before I bought it.

Their problem is that some coins are gonna die and it's crucial (and hard) to try and pick them out. Refer to oscillators/degenerators: https://twitter.com/woonomic/status/1192316072533229568

The next time you have an opinion about the latest coin your favourite account posted, think first what it means for them to buy it.
If it's a local top, it's probably a breakout in @ThisIsNuse's eye.
If it looks like absolute shit, they're @needacoin and they're averaging down.