Hello everyone,
I just got back from a trip, went quite far so I’m too tired to write a post.
This morning I checked some data again and here’s the information for you.
1. The moment the drop happened right during the Tet holiday must have been calculated by MM so we wouldn’t have time to react.
At that time, the chart
$ETH was indeed very bad. So I have short-covered some losses in spot hold.
Some young people asked why I didn’t notify them to exit or cut losses ;)
=>=>=> A holder doesn’t have the concept of exiting or cutting losses; if you want to benefit from Altseason, you have to endure, if not, then just quit.
2. Regarding the total 3 chart, it has currently broken down, I had previously notified that usually
$BTC DOM will come back to test the previous peak.
Therefore, it’s normal for altcoins to be further pressured.
3. What do we need to do at this moment?
- For holders, you still have to stay put as there’s no other way.
- For traders, there will be a strong rebound at the end of February, March; you can consider exiting.
=>=>=> I will reduce my position in BTC during the upcoming rebounds.
For now, the market will continue to slowly rug which will force traders to offload. So you should consider carefully.
4. As for on-chain, there are currently signs of large players accumulating Altcoins. Based on past experience, from the time large players start accumulating until the middle phase, the market often experiences a slow rug downwards.
P/S: All Altcoin charts have completely broken down; usually, breaks like this will recover at least after 2-3 months.
Pay attention to the chart of
$ETH MM which has pulled 3 peaks of 4k already. The strategy of 1 peak x10 has been replaced by 4 times x2???
#AICrashcomeback #BTC☀️