Hey everyone, how is everyone doing?
Last night's market was truly unexpected. Who would have thought that a 4-hour pullback would come so swiftly? Even I miscalculated; I had reminded everyone to buy on the pullback earlier. So, we need to adjust our strategy a little bit.
First, let's look at Image 1. This is the revised version of the pullback buy strategy I previously mentioned. Considering the rapid pullback over these 4 hours, let's respond like this for now: focus on observing whether a new structure has formed in the lower-level trends within this 4-hour pullback range. If not, then we should hold our positions.
Now, let's look at Image 2. This shows another possible trend, which is the final pullback at the 12-hour level, to complete the overall structure. To be honest, I’m quite hopeful for this trend line, because if it happens, most altcoins will be able to complete their structural adjustments accordingly, and the altcoin season we've been eagerly anticipating will truly arrive. Just thinking about that scene is exciting.
Take the situation in Image 1 for example; as long as the structures for BTC and LINK are completed, I’ve already seen my previous profits pull back by 40% (but I’ve already taken profits). If such an ideal situation occurs, it will be time to go all out, especially when many quality altcoins have solid structures and strong upward momentum. We'll just be waiting to count our money.
