Many people who trade cryptocurrencies often have a question: this coin is doing so well, why does it collapse as soon as I buy in? Are the dog whales deliberately scheming against me with those trivial coins?
1. First of all, the reason this coin is doing so well is because it’s performing strongly, which is why it appears in your view; then, you must have entered during a small-scale (1H) or even a larger-scale retracement (4H) after a significant rally; 2. Secondly, this is a bear market. The rise of altcoins is not for shared prosperity, but for dumping—selling as much as possible. Altcoin whales are also taking risks, and during this period, risk control should outweigh profit expectations; 3. Lastly, there are three types of altcoins in this stage: The first type is those that keenly predict a market rebound and jump in early. These whales are smart and daring, and if the market rebounds strongly enough, they are likely to have a second wave; The second type follows the market’s rebound. These coins generally lack energy; it’s not a rebound but a natural fluctuation following the market; The third type is many traders’ favorite—waiting for dips and accumulation. But I want to say, for coins that haven’t shown signs of movement yet, if you accumulate and wait for a rebound, it’s highly likely they will never rise. Because the window for a rebound probably won’t allow it, and only the wild coins you don’t hold will rise at the end of the rebound. What does it mean by coins you don’t hold? It refers to the coins you basically can’t buy before they surge.
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Many people who trade cryptocurrencies often have a question: this coin is doing so well, why does it collapse as soon as I buy in? Are the dog whales deliberately scheming against me with those trivial coins?
1. First of all, the reason this coin is doing so well is because it’s performing strongly, which is why it appears in your view; then, you must have entered during a small-scale (1H) or even a larger-scale retracement (4H) after a significant rally;
2. Secondly, this is a bear market. The rise of altcoins is not for shared prosperity, but for dumping—selling as much as possible. Altcoin whales are also taking risks, and during this period, risk control should outweigh profit expectations;
3. Lastly, there are three types of altcoins in this stage:
The first type is those that keenly predict a market rebound and jump in early. These whales are smart and daring, and if the market rebounds strongly enough, they are likely to have a second wave;
The second type follows the market’s rebound. These coins generally lack energy; it’s not a rebound but a natural fluctuation following the market;
The third type is many traders’ favorite—waiting for dips and accumulation. But I want to say, for coins that haven’t shown signs of movement yet, if you accumulate and wait for a rebound, it’s highly likely they will never rise. Because the window for a rebound probably won’t allow it, and only the wild coins you don’t hold will rise at the end of the rebound.
What does it mean by coins you don’t hold? It refers to the coins you basically can’t buy before they surge.