I have been reminding you to reduce your positions in altcoins since the evening of the 11th. I have also reminded you a few days ago. Since the 12th, most altcoins have fallen for three consecutive days, and the gains have retreated by more than half. The weak ones have returned to the starting position of the 4th and 5th.
Inevitably, I will miss the gains of some currencies.
Currently, the gains are basically concentrated in the public chain and Meme. The gains of other altcoins from the low point of the 4th to the high point are mostly around 50-80 points, and a few have doubled. On the 7th, the second day after the election, I said that if the market does not clean up, basically from the low point of the 4th, most of the gains are only about 80-130 points. At this increase, you need to reduce your positions and then look at it cautiously.
Of course, you are optimistic about the future market and there will be a big increase. Now it has adjusted a little. You can intervene boldly, so as not to blame me for singing short in the future.
Big cakes generally peak earlier than altcoins, and a small number of them will be at about the same time as big cakes, so big cakes will have a period of shock peaking, during which altcoins are prone to catch up. In the short term, there is a certain room for the growth of the copycats. This was mentioned earlier when the general trend turned bearish.
The behavior in the short term is not a trend. The trend turned bearish just because there is not much room for subsequent upward movement. This can be observed later. The subsequent increase of the copycats can be calculated from the closing position of the 11-day line. The judgment is based on the majority of the copycats rather than a few memes.
