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Are there any high points for altcoins?
When is the high point for altcoins?
How should we operate to escape the peak at the highest point? Let’s take a look:
1. The relationship between “altcoin high point” and “Bitcoin high point”
(1) Altcoins do not necessarily reach their highest prices when Bitcoin reaches its high point:
The historical highs of many altcoins were in May 2021, not Bitcoin’s historical high point (November 2021). This means that hyped hot tracks, such as UNI and DOGE, may have reached their highs in early market fluctuations.
(2) The high points of Bitcoin and altcoins are out of sync:
When Bitcoin reached its peak in November, many altcoins had already fallen back. For example, UNI’s highest price in May was $45, and then rebounded to $30 in August, while UNI only reached $28 when Bitcoin reached its high point in November.
2. Operational strategies and suggestions
(1) Avoid expecting altcoins to hit new highs:
Don’t expect altcoins to hit new highs before Bitcoin reaches its peak, especially in hot sectors that have already experienced a hype.
(2) Don’t be obsessed with the high price of altcoins:
If you fail to sell at the high point, the chance of escaping the top again will not be very good, and there will usually be at least a 20% retracement. Unwinding or making a small loss may already be a good result.
(3) Stop profit in time and avoid long-term holding of altcoins:
Long-term holding of altcoins is extremely risky because most altcoins may eventually return to zero, with a loss of more than 90%.
(4) It is difficult for hot sectors to return to highs after another hype:
After the hype, the rebound of hot sectors is usually weak and it is difficult to reach the previous high again.
(5) Pay attention to opportunities in potential sectors and new coins:
Long-term depressed sectors and emerging currencies may still have a crazy opportunity.
3. Summary
(1) The price high of most altcoins was in May 2021, not the November high of Bitcoin.
(2) When altcoins and Bitcoin reach highs at the same time, it may be because the sector has been undervalued before.
(3) In terms of operation, we should avoid unrealistic fantasies and stop profits in time to reduce losses and risks.
#美国以太坊现货ETF开始交易
#比特币大会
#美国大选如何影响加密产业？
#山寨季何时到来？
#美国PCE数据将公布
When is the high point for altcoins?
How should we operate to escape the peak at the highest point? Let’s take a look:
1. The relationship between “altcoin high point” and “Bitcoin high point”
(1) Altcoins do not necessarily reach their highest prices when Bitcoin reaches its high point:
The historical highs of many altcoins were in May 2021, not Bitcoin’s historical high point (November 2021). This means that hyped hot tracks, such as UNI and DOGE, may have reached their highs in early market fluctuations.
(2) The high points of Bitcoin and altcoins are out of sync:
When Bitcoin reached its peak in November, many altcoins had already fallen back. For example, UNI’s highest price in May was $45, and then rebounded to $30 in August, while UNI only reached $28 when Bitcoin reached its high point in November.
2. Operational strategies and suggestions
(1) Avoid expecting altcoins to hit new highs:
Don’t expect altcoins to hit new highs before Bitcoin reaches its peak, especially in hot sectors that have already experienced a hype.
(2) Don’t be obsessed with the high price of altcoins:
If you fail to sell at the high point, the chance of escaping the top again will not be very good, and there will usually be at least a 20% retracement. Unwinding or making a small loss may already be a good result.
(3) Stop profit in time and avoid long-term holding of altcoins:
Long-term holding of altcoins is extremely risky because most altcoins may eventually return to zero, with a loss of more than 90%.
(4) It is difficult for hot sectors to return to highs after another hype:
After the hype, the rebound of hot sectors is usually weak and it is difficult to reach the previous high again.
(5) Pay attention to opportunities in potential sectors and new coins:
Long-term depressed sectors and emerging currencies may still have a crazy opportunity.
3. Summary
(1) The price high of most altcoins was in May 2021, not the November high of Bitcoin.
(2) When altcoins and Bitcoin reach highs at the same time, it may be because the sector has been undervalued before.
(3) In terms of operation, we should avoid unrealistic fantasies and stop profits in time to reduce losses and risks.
#美国以太坊现货ETF开始交易
#比特币大会
#美国大选如何影响加密产业？
#山寨季何时到来？
#美国PCE数据将公布
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SOL
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