2014/12/22 Early Morning Insights

Currently, the major cryptocurrency is still showing a positive slope on the 4-hour chart.

However, the resistance level above has decreased...

The altcoins, after a day's effort, have all been dragged back down by the major cryptocurrency's decline...

So, for those who missed the positions yesterday, it is not advisable to chase high or bottom fish...

Then, some altcoins that feel like they haven't been washed out enough, even dropped to new lows...

I still hold the same opinion, it's okay to miss out a bit, try to enter the market after the major cryptocurrency stabilizes and the situation becomes clearer...

Otherwise, chasing high and getting stuck can be very uncomfortable, and with such strong movements, it has retraced nearly 7%...

Other altcoins are bleeding heavily again...

In this kind of market, sometimes it’s worth asking yourself, do you really need to participate?