2014/12/22 Early Morning Insights

Currently, the major currency is still on a positive slope at the 4-hour level.

However, the resistance level above has decreased...

After a day of effort, altcoins were once again dragged down by the major currency's decline...

So, for those who missed yesterday's positions, do not chase high or bottom out...

Moreover, some altcoins that feel like they haven't been washed out enough have even dropped to new lows...

I still hold the same view: it's okay to miss out a bit; try to enter the market only after the major currency stabilizes and the market becomes clearer...

Otherwise, chasing high and getting stuck can be quite painful; even with SUI being so strong, it has retraced nearly 7%...

Other altcoins are once again bleeding heavily...

In such a market, sometimes it's worth asking yourself: do you really need to participate?