How to escape the peak this round?
Three steps to help you easily escape the peak, follow Coin Sister to escape the peak together!
1. Mark all the key positions of the existing coins, how to find them, many altcoins will likely sell when they reach the second previous high.
For example, #SUİ , I reminded to reduce positions above 4.2 in the past two times, 4.2 is a second key position, which generally allows for small sell-offs to take profit, and after a pullback at this position, it can still be bought back.
Its third key position afterwards is definitely a sell point, and once sold, it cannot be bought back in a short time.
Because by that time, it will have been seriously overvalued.
2. Start calculating the sell-off based on the adjusted bottom with 3-5 times the return.
Where can Bitcoin go this round? Just look at its adjusted position of 74,000 before this round of rise; at least when it doubles to 148,000, it will be overvalued.
However, for other altcoins, most will have about 3-5 times in a phased manner.
Some mainstream hot spots can even go up more than 10 times in a short time.
Therefore, the expectation for this round should be clearer; most will start selling after 3-5 times from the bottom, and a small portion can start to exit after more than 10 times from the bottom.
If there is a significant short-term favorable stimulus that directly pulls up several times, no need to look, when this situation arises, just sell!
3. Look at the exchange rate of Bitcoin and Ethereum and also check some escape peak signals.
Indicators may not be 100% accurate, but will human nature choose to buy altcoins to make up for their losses when Bitcoin and Ethereum are too expensive?
Believing in these indicators essentially means believing that human nature will not change.
Although Ethereum is still far from the peak, the altcoin season has not fully erupted, but it’s just a matter of these two months.
How much can be earned from this will determine how much principal can be used to bottom fish in the next round. #eth突破4000