(Part 2/2) Detecting altcoins with potential before they rise in price is a challenge

RSI (Relative Strength Index): Indicates whether an asset is in overbought or oversold territory.

MACD (Moving Average Convergence Divergence): Helps identify changes in the direction of the trend.

Moving averages: Used to smooth price data and identify the direction of the long-term trend.

3. Market Tracking and News

The cryptocurrency market is heavily influenced by news and general sentiment.

Events and announcements: Stay updated on upcoming important project events (launches, partnerships, updates). You can use tools like CoinMarketCal to track these events.

Market sentiment: Monitor social media and specialized media to gauge the general sentiment about a project. Tools like LunarCrush analyze social media data to measure this sentiment.

Altcoin season (Altseason): Occurs when most altcoins outperform Bitcoin in performance. You can follow "Altseason" indices on platforms like CoinMarketCap to know when the market is rotating capital towards altcoins.

4. Useful Tools

There are many tools that help you in this process:

For market data: CoinMarketCap and CoinGecko. They provide price data, market capitalization, volume, and other key indicators.

For technical analysis: TradingView is a popular platform to view charts and use technical indicators.

For on-chain analysis: Tools like DeFillema and Breadcrumbs allow you to see activity on the blockchain, such as fund movement and user activity.