Cryptocurrency trader and analyst Vladislav Trushin shares insights on trading strategies for three altcoins with promising yields that outshine bitcoin's performance.
As bitcoin continues to break records, investors question the potential returns from entering the cryptocurrency market at current levels and whether it is too late to capitalize on the rally.
Analyzing the chart, a bullish trend is evident from the $65,165 source, targeting $72,740 with the aim of surpassing the All-Time High (ATH).
The concept of a trend source (TS) represents a significant bid to acquire an asset, typically indicated by an accumulation of multiple candles at local and/or global lows, signifying an impending upward move. Conversely, the locked-in volume (LV) signals a substantial sell-off position marked by the accumulation of candlesticks above key levels.
While buying bitcoin at prevailing prices may yield about 11% profit, the uncertainty post-ATH casts doubt on the risk-to-reward ratio. Trushin suggests exploring three altcoins with distinctive advantages:

Stellar (XLM)

Stellar (XLM) offers a clear technical setup, targeting a breakout at $0.163 for a substantial upside potential, favorable for 80% allocation at current levels and 30% on a dip to $0.1227.

1inch (1INCH)

1inch (1INCH) presents a global upward momentum from the $0.375 TS, making it an attractive buy at current prices and further at $0.435, aiming for a milestone at $1.71 with potential for 3x returns.

Qtum (QTUM)

Qtum (QTUM) exhibits a strong uptrend from multiple TS levels at $2.5, suggesting a buy opportunity at current rates and a drop to $3.5, with a target set at $13.8 for a potential 3.2x profit.

Trushin's refined approach focuses on these altcoins as promising alternatives to bitcoin, backed by robust technical patterns, high expected returns, and strategic allocation plans on reputed exchanges.