Ethereum

Kaspa

Cardano

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Divergence

<p>Kaspa (KAS) has caught the attention of crypto analyst Credible Crypto for having an extremely bullish setup that rivals even Bitcoin’s price structure. Credible Crypto detailed how he rode a long KAS trade to $200,000 in profits over just 6 days, highlighting the altcoin’s massive upside potential.</p>
<p>In a recent tweet, Credible Crypto <a href="https://twitter.com/CredibleCrypto/status/1724632054606766412?s=20" target="_blank" rel="noopener noreferrer nofollow">called KAS</a> the “only altcoin” he’s seen that has impulsive bullish price swings akin to Bitcoin’s. He posted a chart overlaying KAS and BTC’s wave patterns, showing striking similarities in their overlapping impulsive moves.</p>
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="621" src="https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-1024x621.png" alt="" class="wp-image-377225" srcset="https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-1024x621.png 1024w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-300x182.png 300w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-766x465.png 766w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-1536x932.png 1536w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-2048x1242.png 2048w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-247x150.png 247w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-100x61.png 100w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-577x350.png 577w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355-788x478.png 788w, https://captainaltcoin.com/wp-content/uploads/2023/11/image-355.png 900w" sizes="(max-width: 1024px) 100vw, 1024px">
</figure>
<h2 class="wp-block-heading" id="identifying-the-setup">Identifying the Setup</h2>
<p>Credible Crypto pointed followers to an earlier 15-minute video explaining how he spotted the KAS setup in the first place. He notes tracking lower timeframe impulses that lead into higher timeframe impulsive moves is key to identifying these opportunities early.</p>
<p>KAS exhibited textbook impulsive waves across timeframes, fueling his confidence in a sustained bull run ahead just like Bitcoin tends to see after forming impulsive uptrends. Divergence on the RSI added to the bull case.</p>
<h2 class="wp-block-heading" id="entering-a-winning-trade">Entering a Winning Trade</h2>
<p>Armed with his analysis, Credible Crypto <a href="https://twitter.com/CredibleCrypto/status/1723129466799726664" target="_blank" rel="noopener noreferrer nofollow">entered a long KAS</a> trade and secured $200,000 in profits as it spiked from around $0.05 to $0.09. Although he took some profits, he remains positioned for more upside, calling this the “5th wave” that could be truly massive.</p>
<p>When asked if KAS <a href="https://twitter.com/2new2care/status/1724632897641185293" target="_blank" rel="noopener noreferrer nofollow">could reach</a> a $40-60 billion market cap eventually, he responded that the current market cap poses no limit on where KAS could end up.</p>
<p>Read also:</p>
<ul>
 <li><a href="https://captainaltcoin.com/top-analyst-identifies-a-red-flag-in-bitcoin-btc-on-chain-indicators/" target="_blank" rel="noopener noreferrer nofollow">Top Analyst Identifies a “Red Flag” in Bitcoin (BTC) On-Chain Indicators</a></li>
 <li><a href="https://captainaltcoin.com/bearish-market-drags-down-bitcoin-and-ethereum-while-this-altcoin-shines/" target="_blank" rel="noopener noreferrer nofollow">Bearish Market Drags Down Bitcoin and Ethereum While This Altcoin Shines</a></li>
 <li><a href="https://captainaltcoin.com/investor-alert-cardano-ada-and-meme-moguls-mgls-surge-amidst-market-volatility/" target="_blank" rel="noopener noreferrer nofollow">Investor Alert: Cardano (ADA) and Meme Moguls (MGLS) Surge Amidst Market Volatility!</a></li>
</ul>
<h2 class="wp-block-heading" id="trading-like-the-whales">Trading Like the Whales</h2>
<p>By identifying the same bullish patterns whales spot, traders can ride coins like KAS to potentially enormous gains. Credible Crypto’s analysis and results showcase the power of combining impulsive trend analysis across timeframes just like institutional players do. KAS remains in the early innings according to him, with its impulsive structure signaling smooth sailing ahead for traders who identify the opportunity.</p>
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<p>The post <a href="https://captainaltcoin.com/how-a-kaspa-trader-banked-200k-in-6-days-riding-kass-bitcoin-like-bullish-setup/" rel="noopener noreferrer nofollow">How This Kaspa Trader Banked $200k in 6 Days Riding KAS’s Bitcoin-Like Bullish Setup</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

How This Kaspa Trader Banked $200k in 6 Days Riding KAS’s Bitcoin-Like Bullish Setup

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