Summary of last week.

I analyzed the top coin chart quite well. Basically, there are still mistakes in identifying resistance areas. However, the overall trend identification was good. It feels like the top coin wave is quite clear.

As for altcoins, it was actually a rather bad week 😖😖😖 At the beginning of the week, I managed to earn about 3-7% on each altcoin.

However, by the end of the week, coins were running in a breakout style but mostly fake breaks. The D frame break with 3D takes a long time, but it returned to break support in just 1-2 days. Most of the time, I had to stoploss when it broke the diagonal trendline. Each stoploss lost 2% because I waited for the breakout before entering. The stoploss at the diagonal trendline is also not too far away.

By the end of the week, there was only $GIGGLE that I bought with profit, sold at $144 last night. That's a profit of about 15-20%. After offsetting the stoploss from other altcoins, it can be said that I made a profit of 5-7% 😂😂😂. Well, having a profit is good enough, although there were many stoplosses @@

In conclusion, from now on I will specialize in trading top coins and extremely limit altcoins. Firstly, I analyze top coins better, and top coins also have clearer price movements. As for altcoins, they are very unstable in their waves; even if there is a breakout breaking resistance, it is not trustworthy. Every time I enter an altcoin, there is a stoploss, so I don't want to enter anymore @@

Secondly, the market is entering a downtrend, making it difficult and the volume has dropped significantly. Now, altcoins mostly only have retracement waves. And with weak volume during retracement, it’s uncertain whether it can test resistance or if it will drop halfway. The determination of profit for altcoins has become unclear. It makes it hard for me to determine whether the profit-risk ratio is reasonable and acceptable. I will not invest in things with unclear risks.