Yesterday, BTC just took a leak, and the altcoins went crazy. I made a drawing for the door, just to clean up a bit. For those gambling with their lives, almost no one can survive. It's been 3 days of fluctuations, and it's actually preparing for a time to change. At this moment, trading really requires extra caution and care.
BTC had a small bearish candle today, with funds quietly escaping, but the sentiment remains in extreme greed, and more people are entering long positions. Trading long at high levels is really under a lot of pressure. At this point, I still insist on my view: if you don't know how to operate, just lay flat.
MACD shows a dead cross at high levels, and the bearish strength is increasing. From a pattern perspective, the risk of a pullback is greater. As for how to operate, everyone has their own methods.
In the past few days, the altcoins that were supposed to rise have all risen, even the long-standing turtles have risen. I suggest that those who should reduce their positions do so, as price rises and falls have cycles. Many coins have also risen to the peak of the 2021 bull market. But I still want to say, have you noticed that those old coins that have experienced several bull markets almost never miss out? trx, ada, xml, bch, ripple, doge, although they might rise a bit slower, once they do, it will be magnificent. Meanwhile, some so-called projects with large funds and strong backgrounds, even if they rise, are still at the bottom of the mountain. After harvesting the leeks, the project parties have already gone to enjoy themselves. The remaining leeks, the grass on the graves, are already 3 meters high.
Still, don't have too much vision for altcoins. Buying coins is about making money, not passing it on to future generations. Perhaps only BTC can be inherited. As for the others, faith is accompanied by pain.
Recently, the Eastern European battlefield has seen further escalation of the war. For Ukraine, it is a life-and-death defense battle, while the big goose is also deep in the quagmire. The US will not stand by and do nothing; many variables will appear when Trump officially takes office. Although BTC has a bright future, the process will definitely be tortuous. Since we have reached 100k, then maybe there is a chance to reach 200k or 500k in the future. Most of us retail investors have almost no big pie; we are just providing fuel and madness to this market. As for making money on the big pie, almost very few.
No worries, we can also be considered witnesses of history. Whether we make money or not doesn't matter, since most people can't make money and don't have a big pie. Otherwise, so many people call us retail investors 'stinky leeks.' $BTC