Accompanied by Bitcoin's retracement, Ethereum has almost continuously reached new lows in exchange rates for three months. In such a market, to be honest, the significance of laying out Ethereum is decreasing. In every bull market, there have been secondary coins that have been eliminated by history (such as XRP, LTC, etc.); whether the next one will be Ethereum is uncertain, but it seems increasingly likely.
I once said that in the cryptocurrency secondary market, aside from BTC, there is no faith to speak of! The significance of laying out altcoins is not about the so-called fundamentals, project parties, or ecosystems, but rather [having risen more than Bitcoin] (or being more resilient than Bitcoin, but that is harder).
Currently, looking at the objective trend, Ethereum is already in a daily level large bear trend, and each rebound is weaker than the previous one! It has completely formed two different trends compared to Bitcoin. Therefore, I believe the necessity of laying out Ethereum is decreasing! If you want to bet on altcoins, it’s better to find those still in a major trend or with better risk-reward ratios and potential!
(I personally only objectively respect the K-line trends of the secondary market, and do not discuss the fundamentals, project parties, or ecosystems behind this asset! Strong assets are not spoken into existence; every K-line rises on its own!)
To avoid missing out during the sector rotation, I will still categorize the layout by sector:
1. MEME Sector - TURBO
As a typical example of a rising asset, it has increased 194 times from last December to this October's peak! Just last month, it rose by 187%! Not discussing those on-chain low-quality coins that have skyrocketed and then disappeared the next day, just looking at the coins listed on Binance, who has been more aggressive than him? And he greatly respects technical analysis. The current price just happens to align with the moving average (EMA60) at the beginning of October, the retracement ratio (0.618), and the head (pattern) forming multiple bullish resonances; both in spot and contract trading, this is a very good gambling area. If Bitcoin continues to decline, the lower channel line is an even more perfect buying point. Specific reference in the picture below:
2. AI Sector - FET
Long-time fans know how much I love this asset. Back in February, I made a profit from the bottom to the top, although I didn't capture the full 6 times, I still made over 4 times. Now, regardless of the fact that the overall structure has ended the previous bear trend (not making lower lows anymore, and rebounded 1.5 times from August to the recent peak), including the current price, it is just perfectly resonating with this ratio (0.618 and a rate of 1:1 is very perfect). Contract trading can be entered here, and spot trading can be segmented into three parts, making this an excellent position. My holding cost is also around 1.1. Specific points are shown in the picture.
3. Public Chain Sector - SUI
May I ask who has been the focus of the entire internet in September? It must be SUI! It has quadrupled in two months, and for him, his bull market has already begun! Including the first time it retraced to the daily EMA55, I brought friends along to make a contract trade (including the synchronized team competition channel) and made a 30% profit on that single contract, even though the microstructure shows that the rebounds in the past two days have generally been weak, SUI's strength has remained consistent; this is the principle that the strong remain strong! If the contract game waits a bit longer, it can enter around 1.7. The specific idea is shown in the picture.
🛎 Please note that the program's content is all personal sharing and does not constitute any investment advice 🛎
Not financial advice *
The content of the program is personally shared and does not constitute any investment advice.