Charlie's Twitter Thread

* Relative Strength Thread * Let me explain the spaghetti and how I use it to trade $ALTS. This chart shows the return of certain alts during the selected period (i.e. from the far left). For the time period selected, Fartcoin would have given you the best return.

"That's great hindsight Charlie, + twitter points. But how does that help me trade?" Well, it actually tells you what I imagine you already know - memes are one of the highest returning investments over the same period if you look at the top 3. These were on easy mode.

Instead of panicking about this pullback, mark some areas of interest to you. E.g. the fartcoin chart. Some areas for me are below. Now that doesn't mean blind bid. It means where am I looking for a reversal and sign of strength; typically (for me) on lower timeframes.

That's where this comes in - the same spaghetti chart but on a 1s-5s minute timeframe. The question I see is "Where is the money flowing?" "What are people buying?". The way this looks it's suggesting more serious counts are leading (AAVE, MKR etc). Good for memes? Nah

If you combine that with how BTC looks, imo you have a recipe for the next BTC leg up -> what's the next runner on alts? Theory is it'll be fartcoin again. Confirmation comes from LTF spaghetti; i.e. relative strength.

So all of this considered - how does that effect the combine into a trading plan? What we look for is simple: - LTF PA that gives you an invalidation - Establish a bias, and know what will confirm it (e.g. relative strength) - Be prepared to be wrong, and stay sidelined for

All in all, you do you friend, and however you trade (strength, PA, moon cycles, etc.) all that matters is it makes sense to you. Hope that gives you a view into my trading and spaghetti charts, which can be found here: https://www.tradingview.com/ch... If you enjoyed it give it a

1 hour later:

@btc_charlie Genius thread brother

@CryptoAM17 Thank you mate

@btc_charlie Good thread mate👊

@TraderJqrit Thanks chief

@btc_charlie Thanks for sharing bro🔥

@Chacho185 Thanks for reading chief

@btc_charlie Thanks for sharing! I was always curious what I was looking at whenever you posted these.

@4KVisionOG Welcome. Thanks for reading + RTing

@btc_charlie Great Thread!

@CxrrxptDxtx Thanks bro

@btc_charlie I know you’re the OG of spaghetti charts sir Charlie but I would (if you don’t mind) like to share a little secret of how I use spaghetti.. I anchor my spaghetti from the candle right BEFORE the market moved lower. Often a range. I then wait to see what coin(s) is holding up

@btc_charlie