In the live broadcast, there are always questions about whether today will rise or fall, when to enter the market, and what the take-profit and stop-loss levels should be.
So today I'll teach you a trick to easily determine whether the market will rise or fall:
Actually, it's very simple. When you wake up in the morning, check the gain leaderboard. If there are several coins with more than 30% increase, then the market is rising. You can directly go long on the leading gains without hesitation. It will rise until the evening or even double. If you see that the gain leaderboard has less than 10 points, with only one or two coins at 20% increase, then the market is falling. You can short during sharp rises or when there is a downward trend on the loss leaderboard.
Of course, this is just the simplest situation. Like in the past two days when altcoins collectively surged, mastering this trick can achieve a dimensionality reduction strike. Currently, the market is a bit difficult, with a sharp rise followed by a downward trend, a rotation of underperforming coins catching up, sudden spikes in a continuous downward trend, and even some coins going against the trend. The specific rise and fall still need to be analyzed in detail.
Finally, let me share my view on the current market situation. Bitcoin has broken through its previous high again. I predict it will consolidate for a day or two before experiencing a direct waterfall decline, and altcoins will bleed profusely. This wave of the altcoin bull market is slowly beginning.
