The invisible wealth law of successful people in the cryptocurrency circle.
1. The upper class is mostly low-class people, and the lower class is mostly noble people.
2. Never let anyone around you know what you rely on to make money and how much money you make.
3. The only bargaining chip for the poor is time. If you want to make a comeback, you must give up those entertainment activities that wear down your will and devote every minute and every second to the torrent of self-improvement and value creation.
4. When you know that you bought a house for 200,000 yuan, lived in it for a few years, and sold it to others for millions, you suddenly realize that wealth is not entirely created by hard work.
5. Saying a few nice words can get half of the people, giving a few gifts can get 70% of the people, and saying just the right words and giving some gifts that others like can get 90% of the people.
6. Making big money is often a matter of three to five years. If you have it, you have it, and if you don’t, you don’t have it.
7. Most people hold a very stupid idea that they can run a store or company for a lifetime and support themselves for a lifetime. However, the reality is cruel. Don't hold on to it, otherwise the end result is often to lose the profit intact and end up in debt.
8. You must save your living expenses for many years in the years when your career is going smoothly. Then sell the business at the peak of the business, drink tea, investigate, explore the next opportunity, and look for the next outlet in the following days.
9. Facing the uncertainty of the future, there are only two ways to go: one is to keep up with the pace of the times and seize every possible outlet; the other is to work hard in your own field and keep improving.
10. Reading thousands of books is not as good as traveling thousands of miles, traveling thousands of miles is not as good as seeing countless people, and seeing countless people is not as good as being guided by immortals. Success is not based on luck, choice is greater than hard work, and the circle determines destiny. In the currency circle, in addition to having a sharp eye for judging the situation, you must also keep up with a good team and a good leader. Pay attention to me and find me, you are halfway to success in the currency circle! I need fans, you need references, and the handling fee will be refunded. #比特币大会 #BTC☀ #ETH🔥🔥🔥🔥 #bnb每日打卡
The Air Force is trapped. Bitcoin continues to break new highs, is the bull market really here?
Since November 6, Bitcoin has been breaking new highs for four consecutive days. The trend resembles that of gold some time ago. What is the main reason?
From a contract perspective, the vast majority of people are looking to short at high positions, as very few dare to chase long at the current prices. Those who shorted earlier have either been trapped, stopped out, or liquidated, while those who went long have taken profits, or even reversed to short. This cycle continues, with long positions decreasing and short positions increasing, and as the volume grows, the price of the coin will continue to break through these bloodied chips. Furthermore, the media also needs continuous breakthroughs to publish news, which drives market sentiment. Every rise in a bull market is fueled by the strong ammunition of the shorts. It is only when the majority of the shorts are truly subdued, or when some short sellers adopt an attitude of joining the longs when they can't win, that the long-short balance becomes close to real equilibrium. That is when a significant correction occurs. For those who are deeply trapped as shorts, it's a matter of who can endure longer.
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XRP faces the longest Bollinger Band contraction in history, and the price may be approaching a breakout point.
Currently, XRP is experiencing one of the most significant Bollinger Band contraction phases in its history, which may indicate that its price is about to undergo a drastic change. As an important indicator of price volatility, Bollinger Bands have shown the potential to predict substantial price fluctuations in the past.
Looking back in history, XRP underwent a period of Bollinger Band contraction from August 2016 to February 2017. During this time, the price of XRP remained relatively stable, laying the groundwork for the subsequent breakout. After the contraction ended, XRP's price soared from $0.00555 in 2016 to $3.31 in January 2018, achieving an astonishing growth of nearly 600 times.
In addition, from May to October 2020, XRP again experienced Bollinger Band contraction. Although the subsequent lawsuit filed by the U.S. Securities and Exchange Commission (SEC) against Ripple had a short-term impact on its price, XRP quickly regained its upward momentum, reaching a peak of $1.96 in April 2021.
Now, XRP is facing another prolonged period of Bollinger Band contraction. Since December 2023, this contraction has lasted nearly a year, becoming the longest contraction period in XRP's history. Long-term contractions often indicate that a price surge is imminent, but the specific direction remains uncertain.
The Relative Strength Index (RSI) also provides some clues about XRP's trajectory on the monthly chart. In the past, the RSI typically remained between 48 and 51 during Bollinger Band contractions, but would drop close to 47 just before a breakout. Currently, XRP's RSI hovers around 48.41, with a trading price of $0.5122. If the RSI continues to decline toward the 47 level, it may signal that XRP is about to experience a breakout.
However, market trends are often full of uncertainties. Although current data suggests that XRP may be on the brink of another large-scale price change, the specific outcome still needs further market validation. Caution should be exercised when making decisions, and close attention should be paid to market dynamics and price movements.
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This month's top five popular meme coins worth paying attention to:
Dogecoin (DOGE) As the leading meme coin by market capitalization, Dogecoin has recently performed outstandingly in the market, achieving a 17% increase over the past week. Its robust performance may be related to interactions with Tesla CEO Elon Musk. Musk has not only expressed his support for Dogecoin in public multiple times but also posted a humorous photo related to the Dogecoin logo on social media. Furthermore, with the U.S. presidential election approaching, Musk's political stance and statements may also impact Dogecoin's price.
Shiba Inu (SHIB) The second-largest meme coin, Shiba Inu, also performed well at the end of October but has recently seen a pullback. However, the revival of elements such as Shiba Inu's layer two blockchain solutions and burning plans may drive its price back onto an upward trajectory. These efforts will reduce the circulation of Shiba Inu, increasing its scarcity, which could potentially drive up the price.
MAGA and KAMA The MAGA coin related to Trump and the KAMA coin associated with Democratic candidate Kamala Harris may experience significant fluctuations this month. The price trends of these two coins may be closely related to the outcomes of the U.S. presidential election. However, the unpredictability of the meme coin market makes the specific reactions of these coins difficult to forecast.
Popcat As the largest cat-themed meme coin, Popcat has performed remarkably well in the market this year, reaching an all-time high in price. Analysts expect that Popcat may continue to gain additional profits in the future. This prediction is based on Popcat's popularity on social media and its unique theme and image.
The meme coin market is filled with uncertainty and volatility, but it is this uncertainty that provides potential opportunities for investors. Over the next 30 days, the five meme coins mentioned above may experience significant price fluctuations.
As a blogger with years of experience in the cryptocurrency space, I am willing to share my experiences and insights with you. I will share my bull market strategy layout free of charge; I need followers, and you need references. #美国大选后行情预测 #11月市场预测
I firmly believe that the bull market will eventually arrive, and although its pace may be more steady rather than sharp, it is expected to gradually climb with the loose monetary policies implemented by many countries around the world.
Recently, the market's concerns about inflation have intensified. In particular, the latest employment data released is staggering, jumping from the original 140,000 to 250,000. This significant change has attracted widespread attention.
However, some point out that these data may have been deliberately embellished for electoral considerations. Even so, rising employment makes inflation data due on Thursday particularly critical.
Previously, the Consumer Price Index (CPI) value was 2.5%, while the market expected it to fall to 2.3%, which reflected the market's optimistic expectations for the data.
As for core CPI, its previous value remained at 3.2%, and market expectations remained unchanged at 3.2%. Overall, the market's reaction to this data did not appear to be too nervous.
I personally tend to believe that CPI is likely to show a downward trend this time, so this may be a positive factor. Considering this is the last inflation data released before the election, there may be some optimization of the data, so we can expect to see some exciting results on Thursday.
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The field of fan tokens may usher in a major breakthrough!
Recently, in an interview, Block CEO CD revealed an important piece of information: the potential of the fan token market far exceeds that of the NFT market, and they are planning to launch a new meme token-pepper.
Subsequently, between October 5th and 7th, the fan token sector saw a significant upward trend. However, as the leader in the field, chz tokens did not make any obvious moves.
However, what is surprising is that Binance recently announced that it will airdrop pepper tokens to all users holding chz tokens. The airdrop ratio is 1chz=150pepper. This news has made many investors look forward to it. After all, they were worried about whether Binance would conduct an airdrop before.
It is worth noting that the snapshot times of this airdrop are the 10th, 17th, 24th and 31st of October. Therefore, for investors interested in investing in chz tokens, this is undoubtedly an opportunity worth seizing.
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Some people say that mentality accounts for 75% of trading, some say 80%, and some say 85%. Although the proportions are inconsistent, they all illustrate one situation: mentality is very important in trading, even more important than technical analysis.
There are many manifestations of mentality problems. For example, after placing an order and starting to make a profit, you are in a hurry to close the position, even though you are thousands of miles away from the stop-profit price. When there is a floating loss, you hold on to it. You don’t stop loss when you should, and you make the stop loss bigger and bigger, or even cancel the stop loss directly, using the entire account as a stop loss, hoping that one day you can return to a profitable state, resulting in less profit and more loss; or after making a profit, you are full of confidence, feel that you are invincible, and blindly chase orders, but after losing money, you lose confidence and dare not place an order again even if there is a trading signal, and miss the opportunity to make a profit in vain. What’s worse is that some people trade in revenge after a loss, in order to cover the loss with the subsequent profit as soon as possible, and eventually lose more and more; while some people, after missing the best entry point, regret it very much, and enter the market with a large number of hands in the hope of making up for the missed profit before, but the price turns around and loses a lot of money...
The mentality problem we often talk about is that when emotions appear, it causes negative behavioral effects. For example, when we lose money, we may just say "Oh, I lost money, I have to work hard on the next one" at first. When we lose money again, we may think that there is something wrong with our trading technology or that the market conditions of the day are not suitable for trading. After multiple losses, the fear in our hearts is getting bigger and bigger. At this time, our first step should be to wait and calm down, and ask ourselves what we are afraid of. If we think the word "fear" is too serious, we can ask ourselves what we are afraid of. The most important thing in this step is to be honest with ourselves, because only by being honest with ourselves can we find the root cause of the problem.
If you are interested in the currency circle, but don’t know how to start, you might as well follow me and find me. I need fans and you need references.
1. Trading cognition: Have a correct understanding of trading. There is no absolute right or wrong in the trading world.
2. Fund management: that is, risk control and fund growth. Risk control is the red line and lifeline of trading. Newbies who are new to trading can set a stop loss of 2% of the total space. Funds are the basis and foundation for the continuation of trading.
3. Trading system: It involves the trading preferences of traders. You must find a practical tool that suits you, and then use trading logic to build all these things into a system, and finally evaluate the trading system. Any system has good and bad, and it must be adjusted and improved.
4. Trading behavior: It is a personal habit. You must cultivate yourself into a person with trading behavior and trading literacy.
5. Data statistics: Statistics and analysis of your own trading win rate, profit and loss ratio, fund management method, retracement ratio, fund curve, etc., and then adjust the parameters and rules in the transaction.
6. Psychological and mental construction: Discover and pay attention to mental problems Another very important quality is persistence.
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For friends who have just entered the trading market, many people expect to make an amazing deal. For example, some people hope to make a profit like those who bought Bitcoin at $15,555 and held it until it reached $73,000, or like those who shorted Bitcoin at $69,000 and held on to $16,000. I understand this idea, because this may be the original intention of many people to enter the currency circle, hoping to achieve wealth freedom through a successful transaction.
However, we often overlook an important reality: more than 70% of lottery winners in the world go bankrupt within three to five years after winning the lottery. Similarly, there are similar examples in the currency circle. For example, the well-known trader [Liang Xi] and a rich second-generation in our community, this friend made a lot of money after buying DOT (Polkado) in the early stage, and even told me that he wanted to retire when he was less than 20 years old. However, when the market reversed, he quickly lost 20 million assets, which made him deeply disappointed.
In terms of trading, these two people have made very successful transactions, but these transactions did not bring them real growth. The former even drank poison and committed suicide during a live broadcast, while the latter lost his wealth after the DOT price plummeted, and even had the idea of committing suicide.
These examples tell us that a single successful transaction does not mean that you have real growth in the matter of "trading". If you only pursue an amazing transaction and ignore the importance of continuous learning and growth, then even if you succeed for a while, you may eventually face failure. Just like a wave theory master in my community, he once rolled short Bitcoin from $69,000 to $15,555, which was a very admirable transaction. However, he later misjudged at $29,800 and began to short Bitcoin. As a result, the price of Bitcoin rose all the way to $60,000, which eventually led to the collapse of his dream of immigrating abroad. He even returned to his original job and swept the floor for a traffic company. This setback made him think of committing suicide for a time.
Therefore, every time you want to "go all in" to trade, or even fantasize about taking a private jet, please remember the real story above.I hope every transaction can be an opportunity for you to grow, not just a temporary success.
How to integrate technical analysis tools to form a trading system
The first step in establishing a system: determine your trading style, that is, determine which market segment you want to be in, whether you are a trend trader or a oscillating trader.
Only by determining the above two questions can you find signs in the market: change points, basis for direction judgment (moving average, trend line, K-line chart, indicators), etc., and then find the market environment.
Second, determine the entry method: left side, right side; front position entry, position entry, break position entry, so as to find trading conditions
Third, determine the position type (band, trend tracking), transaction nature (short-term, medium-term, long-term)
These three questions are to let you determine who you are, what kind of market and style of trading you want to do, and find theories, trading methods and specific tools to implement with this idea, and conduct real-time trading. If you can't determine your trading type, you can make an assumption first, set a style for yourself, go to the market to practice and test, and change one if it doesn't work, until you find the most suitable trading theory and trading tools to achieve your goals, so as to confirm who you are and determine your trading style.
When determining your trading style, you need to think about three questions: 1. Why do you do this market? What are the deep theoretical support and logical fulcrums? 2. Entry basis and benefits 3. Exit reason
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How does the trough occur? Answer: I am very anxious at the moment. What is the reason for anxiety? Answer: It is often excessive thinking or imagining what the future will be like, and less thinking about what you have now, which is equally important to you. Think more about what you have now, and your anxiety will be relieved. That is to say, try to focus on the aspects that you can control.
From the perspective of trading, you can start to keep the habit of making trading logs and trading summaries now, and make a trading rule for yourself. For example, if your trading status is not very good now, then you need to analyze what caused it, and then add a particularly clear and simple rule for yourself based on the main reason. For example, you can start to understand the core essence of a technology now, and take some notes. The role of taking notes is the so-called mindfulness, which allows people to focus on the present.
Another important point is that people should stay calm, especially when they are in the trough period. This applies to life, career, or investment and trading. Because people are more likely to do things randomly, try randomly, and act without rules during the trough period, so it is precious to stay calm at this time. For example, if you have already done the market, you will be very nervous before, always afraid of callbacks and losses, let the market go by itself, anyway, you can't control the market, just be prepared to deal with it.
You can also deliberately keep a distance from the market, for example, you were particularly sensitive before, staring at the market every day, and never wanted to miss any opportunity, then keep a distance from it and reduce the chance of making mistakes.
Another point is to be broad-minded and open-minded, but there must be a degree, maintain an optimistic and positive attitude, be rational, objective, and professional, and don't put too much pressure on yourself, and there will definitely be improvement in trading.
Finally, the trading system needs to be tested and verified, that is, if it is in a trading trough, you must carefully examine the obvious bad habits in the previous transactions, and then 100% eliminate them in future transactions. Only in this way can you get a fundamental turnaround.
Bullish! Bitcoin breaks through the $65,000 mark, and the Federal Reserve turns from hawkish to dovish.
Today, the Bitcoin market ushered in an exciting moment, and its price broke through the key resistance level of $65,000 in one fell swoop, showing strong upward momentum. Behind this wave of gains, the Fed's policy direction seems to have undergone subtle changes, especially the "hawk king" Kashkari's attitude turned dovish, which injected new vitality into the market. Many senior officials of the Federal Reserve have recently made dovish remarks, emphasizing that if inflationary pressure continues to ease, there will be more room for interest rate cuts in the future. This shift not only pushed the US dollar exchange rate down, but also brought positive signals to the risk asset market, including Bitcoin.
FLOKI faces a critical test, with bullish sentiment strong in the market.
FLOKI, this popular meme coin, has recently shown strong rebound potential in the market. As the market reversal continues, FLOKI is gradually approaching its important price node, indicating that it may usher in a significant upward trend. Technical analysis reveals upside potential According to the latest technical analysis, although FLOKI has not completely broken through the 200 EMA on the daily chart, it has shown signs of breaking through the consolidation area and the key resistance level of $0.000137. If FLOKI can successfully close above $0.000142 on the daily chart, it will provide strong support for its further rise to $0.00021, with a potential increase of up to 45%.
The interest rate market on Wall Street has changed, where will the Bitcoin market go?
The interest rate market on Wall Street seems to have changed overnight, and the Federal Reserve's interest rate cut plan has once again become the focus of market attention. This change not only affects the nerves of the traditional financial market, but also puts the cryptocurrency market, especially Bitcoin, at a new crossroads. Faced with such a situation, investors can't help but ask: Should they fully invest in the Bitcoin market now, or choose to flee to the top and wait and see? First, let's talk about the Fed's interest rate cut decision. The rate cut rhythm originally expected by the market seems to be being readjusted, and the possibility of continuous and substantial rate cuts is increasing. This change will undoubtedly increase market liquidity and drive funds to find new safe havens. In this context, cryptocurrencies such as Bitcoin have become the first choice for many investors due to their unique decentralized properties and anti-inflation characteristics.
Detailed analysis of the upgrade from MATIC to POL and price trends:
Here is a detailed analysis of Polygon’s upgrade from MATIC to POL, its technology stack, unified liquidity layer Agglayer, and MATIC’s price action: 1. Upgrade from MATIC to POL Upgrade background and process: Polygon announced its mainnet upgrade in early September, converting the native token MATIC to POL at a 1:1 ratio. This upgrade is to support the development of a wider ecosystem and respond to the strong demand for decentralized networks. Polygon Labs CEO Marc Boiron said that after the upgrade is completed, POL will replace MATIC as the native gas token and staking token on the Polygon PoS chain.
The cryptocurrency market has experienced a significant rise recently, and the AAVE token has become the focus, showing strong upward momentum. AAVE surged 9% during Monday's trading session, leading the market's gains. The rally not only broke a two-year-old resistance level, but also signaled a positive shift in market sentiment. Technical analysis: Bullish signals and potential pullback The daily chart shows that the price surged from $134 to $176 last week, a 32% increase, showing strong bullish momentum. This rebound not only broke through the key $153 resistance level, but also marked the end of a two-year consolidation period. However, the technical picture also reveals some potential correction signals. AAVE price has moved away from its 20-day and 50-day exponential moving averages (EMAs), which is generally seen as an overbought sign and may trigger a correction in the short term.
Analyst Rekt Capital: Bitcoin’s breakthrough is imminent.
Rekt Capital, a well-known analyst in the cryptocurrency market, recently expressed his opinion that Bitcoin may be at an important turning point. He reviewed historical data and pointed out that in the past two halving cycles, Bitcoin achieved significant breakthroughs from the accumulation range within 154 to 161 days after the halving. In view of the fact that approximately 157 days have passed since the current round of Bitcoin halving, Rekt Capital emphasized that the current point is within this historical breakthrough window, indicating that the "Bitcoin breakthrough moment" may be quietly approaching.
He further analyzed that although history will not be completely replicated, if this cyclical law is fulfilled again, Bitcoin is expected to successfully break through its current accumulation range in the next few days, that is, this week, and start a new rising cycle. . In addition, Rekt Capital also compared the performance of Bitcoin in different months, pointing out that although September is not traditionally a strong month for Bitcoin, September within this cycle has shown strong upward momentum, with returns far exceeding the historical level of the same period.
Rekt Capital is looking forward to the fourth quarter, believing that this is usually a period when Bitcoin performs better. He specifically pointed out that Bitcoin has achieved positive returns in many Octobers in the past, and in bull market years such as 2017 and 2021, the gains in October were even more amazing. Currently, Bitcoin is only one step away from its previous high of $73,738, and the market generally believes that once it breaks through this key resistance level, Bitcoin will start a new round of price discovery.
However, despite the positive outlook, market volatility is always present. Bitcoin prices have fallen slightly over the past 24 hours as of the latest data, but analysts nonetheless generally remain cautiously optimistic that Bitcoin's long-term growth potential remains huge.
Ethereum is aiming for 3,000, is the dawn of a bull market coming?
As the second brother, ETH is showing a strong upward trend. Although other currencies in the market such as BTC, SOL, etc. are struggling to move forward, Ethereum is leading the way with an increase of more than 4%. Recently, Ethereum's open positions and financing rates have both increased, the network has shown significant signs of expansion, and the market's desire for ETH is increasing day by day. This series of positive signals has led many investors to bet that Ethereum can continue to advance rapidly, break through $3,000, and lead the next round of cryptocurrency bull market. Data shows that from September 17 to September 24, Ethereum's increase was as high as 18.7%, far exceeding Bitcoin's 1.8% increase during the same period. At the same time, the overall market value of the cryptocurrency market also rose by 2%, reaching a new high of 2.3 trillion US dollars. More strikingly, the ETH/BTC trading pair performed strongly during this period, with ETH's increase relative to BTC as high as 17.5%, showing investors' strong interest in Ethereum.
As the market pulls back, opportunities for layout emerge.
The current cryptocurrency market is showing a positive trend, especially at the end of the month. Investors need to be keen to capture opportunities to increase their positions in market fluctuations. As the National Day holiday approaches, the market may usher in a short-term adjustment, which provides a valuable opportunity for investors seeking value depressions. Although some altcoins have reached the bottom area, it is particularly important to screen high-quality targets. The leaders in the Bitcoin ecosystem and public chain field have become a stable choice. The recent flood of liquidity in the Meme coin field has attracted a large number of investors. The rise of on-chain exchanges, such as the appearance of DEXX and other platforms, has greatly improved transaction efficiency and user experience. The smart tracking function allows the movement of "smart wallets" to be clearly seen. This decentralized trading experience is gradually shaking the position of traditional exchanges. With the continuous emergence of new platforms, investors' participation channels are becoming increasingly abundant, and market competition is also becoming more intense.
The SEC’s approval of BlackRock Bitcoin ETF options trading marks a new milestone for the cryptocurrency market. In addition to the Federal Reserve, this decision by the SEC further promotes the acceptance of cryptocurrencies in mainstream financial markets. BlackRock’s iShares Bitcoin Trust ETF has received approval for options trading, marking a major leap forward for such products into the derivatives market.
Before options trading can be officially launched, additional review levels must be passed by the Options Clearing and Commodity Futures Trading Commission. Currently, multiple exchanges have rushed to apply to list options products related to iShares funds and other ETFs focusing on spot Bitcoin, showing the market's strong interest in such innovative financial instruments.
The green light from the SEC paves the way for the listing of options, which is expected to attract the attention of more large investors and significantly increase the market liquidity of ETFs. In the field of cryptocurrency ETFs, funds traded under the code IBIT have become the leader in direct investment in Bitcoin. Since receiving official recognition at the beginning of this year, its asset management scale has rapidly expanded to more than 22.7 billion US dollars.
This approval is regarded as another important node in the development process of Bitcoin ETF, indicating that the market is gradually clearing obstacles to progress. With the successful trading of the first batch of Bitcoin ETFs, Wall Street is actively preparing for the next stage of development of the digital assets and options market. Professional investors and even a wider group of public investors are turning their attention to the derivatives market to seek speculative opportunities or Hedging risks.
As a blogger who has been in the currency circle for many years, I am willing to share my experience and insights with you. Facing fans, I will share my bull market strategy layout for free. I am only a blogger for a fee. I need fans, you. Reference required. #本周美国将公布PCE、GDP数据 #加密市场反弹 #美联储宣布降息50个基点