Just started uptrend - Altcoin has just slightly increased, and many opinions suggest that the market has reached wave 5 and it’s time to take profits because it will soon downtrend.
But in my personal opinion, if I evaluate the peak level of the uptrend from 1-10, I see it is currently at level 3-4.
Why?
- Most are still just recovering a little or have just reached the shore. There isn’t enough craziness to pull in greedy gamblers who forget the exit.
- Everyone is cautious about holding and switching to trading based on waves. The cautious mentality still lingers.
- Most altcoin charts have not yet entered the Bull Cycle. When viewing the old coins’ chart in W frame, it will show a W chart with many consecutive candles. At least it will run in waves for 2-3 months for a basic altcoin chart.
- The TOTAL indicators have just surpassed the peak or are close to it. In reality, a large amount of money flowing directly in has not been seen yet. This season has more coins than the previous one, but the total stopping here or increasing by 30-50% as most discussions suggest seems unreasonable.
- Only a few old coins have surpassed their previous peaks. The rest are still entering the bull wave but have not attracted FOMO. Especially for new coins, those with large games from whales have not created any ponzi waves yet.
- The wave after Halving, after the elections, still cannot really be called strong. If anyone claims this season is different from the last, the overall difference is only in the large-cap coins and having more coins, while in terms of mechanisms and regulations, there hasn’t been any significant management intervention; it still resembles the previous season.
In general, everyone has different perspectives and capital. Taking profits is never wrong.
In short: "TAKE RISKS TO GAIN MORE, IF YOU DON'T TAKE RISKS, YOU GAIN LESS."
As long as you see others profiting a lot, don’t harbor ill will. Money will come according to your capabilities.
