Long
SUB: 2nd Impulse Wave
In hindsight, should have just held NEO and avoided the stress of jumping from one altcoin to another.
There seems to be a rotation from heavy weights down to lesser traded altcoins
Heavyweights --> illiquid altcoins
Heavyweights have already broken out of consolidation and lesser traded altcoins (SUB, NANO, ETC) may follow.
Problems with trading "follow the leader":
1. Time lag in being bullish (allows you to enter when you missed out on the leader)
2. When the leader becomes bearish... need to close long position on the laggards immediately... they get severely punished
There seems to be a rotation from heavy weights down to lesser traded altcoins
Heavyweights --> illiquid altcoins
Heavyweights have already broken out of consolidation and lesser traded altcoins (SUB, NANO, ETC) may follow.
Problems with trading "follow the leader":
1. Time lag in being bullish (allows you to enter when you missed out on the leader)
2. When the leader becomes bearish... need to close long position on the laggards immediately... they get severely punished
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