This morning, the fall woke me up. The altcoins all plummeted. Animal Coin and Inscription fell by about 10%. I went to see how the big cake fell. It was only 2%, and the low point was not broken. The main coins also fell sharply, basically within 10%. (Welcome to chat with me on VX to join us →→RGBN985)
Mainstream currencies such as Dabingyitai may not fall too much, but the copycat ones will explode. It seems that Dabing cannot be copied.
Today is a mid-term top warning. Some have definitely reached the bottom, and some will definitely reach new highs after a short-term plunge. But no matter how strong or weak, if the rebound encounters great pressure, or the new high reaches major pressure, you have to run. Buy at the bottom area, or stay away from high-quality coins with a cost of more than twice and plan to invest in the long term. You can ignore it and do nothing, because if you move, you will violate the principle of investing in the long term.
Many retail investors can no longer bear the recent market situation. Most of them always regret not buying when the market is rising, and then they chase when the market is rising again, and then they are trapped! Many people are now doubting that the bull market is about to end, because they are going crazy because of the torture of the market. The more pessimistic voices there are, the healthier the main force is. Don't be discouraged if it is still a bull market. For me, there are only two trends in the bull market: adjustment and rise. I will buy the bottom under two conditions:
1. The price has dropped enough and is cheap enough.
2. The trend can indeed be expected to stand on the moving average. According to the current market situation, the view on the rise and fall can only be more biased towards indicators, and the fantasy is always online (as shown in the figure)
Bitcoin is now in the final consolidation stage. The monthly line has crossed several lines. It is consolidating near the new high to wash out the profit-taking and provide support for the next wave of rise. The maximum correction is 60,000, which may not be reached. This phenomenon has occurred in the 17-year bull market when Bitcoin was 6,000 US dollars and before the second wave of the main rise in 2020, when Bitcoin was around 10,000. (The consolidation around 10,000 lasted for 6 months)
The hot spots of Shanzhai are still there, but they are delayed in time as the cycle changes. Especially now that there are so many leeks and so many currencies, the main players are also waiting through the wash, taking advantage of the momentum to launch opportunities. (The indicators of Shanzhai for Bitcoin are currently at the bottom, pointing to the eve of the outbreak)
The current situation is a typical bull market, with a period of rise and then a period of sidewaysness, especially for copycats. In the bull market, they take three steps forward, three steps back, and then run six steps. The time for copycats to explode is actually very short. The six steps are in the last 1 to 2 months of the bull market, and then the whole battle is over.
The choice of the cryptocurrency circle is more important than hard work. Choosing a good track in the cryptocurrency circle will save you a lot of detours! No matter what coin you buy or what track you buy, there must be reasons and reasons for you to be optimistic about it. Everything is possible in the cryptocurrency circle. It's not that the coin won't rise, it's just that the time has not come yet.
Since you have chosen, stick to it. It is recommended to look at more tracks and directions, and observe. Don’t go all in on a single coin or track. This is extremely irrational and risky! Several tracks that are more optimistic: AI sector, public chain sector, decentralized sector, MEME sector, and oil refining sector!
I will share this with you today! I hope that after reading this, you can truly understand the cryptocurrency world and see through this circle! If you think it is good and you agree with it, please share this article with your cryptocurrency friends around you and give them a hand! Let their cryptocurrency trading journey go as smoothly as possible!
