Miles Deutscher – Crypto Whales Are Dumping Altcoins! [This Is What I’m Doing NOW] (10.12.2024 Summary)

Miles explains that some big crypto investors are turning cautious, but that doesn’t mean you should panic. Instead of trying to guess when the market will peak, he suggests focusing on a smart plan: keeping enough cash (stablecoins) ready to buy during dips, while staying invested in altcoins with strong potential.

Bitcoin is hovering around $100k and could move slightly up or down in the short term, but the overall trend is still bullish. Altcoins are leading the way, as we’re officially in “altcoin season,” with lots of new interest from both experienced and returning investors.

Miles shares tools like the Money Noodle indicator and Ichimoku Cloud to help spot altcoins that are breaking out of their boring phases and starting to grow. He highlights promising altcoins in areas like AI and real-world assets, such as Fantom, Pendle, and Tars, which are gaining attention and performing well.

His advice? Don’t chase the hype or sell everything out of fear. Build a simple portfolio with a few strong altcoins you really believe in and hold them through the ups and downs. The biggest gains often come at the end of a market cycle, so patience and preparation are key.