The current market trend remains unchanged in a bull market. Something happened in South Korea yesterday. We won’t talk about too many banned words in the article. Those who watched the market last night know what happened. To put it simply, it was just a small episode. At this stage, the market has adjusted downward and inserted two needles, which is conducive to preparing for a higher peak market in the future and clearing the market leverage.
In any case, South Korea's cryptocurrency trading market share is still quite large, which has also led to the decline of the entire market. However, if we look at this pin, on the one hand it is the behavior of arbitrageurs, and on the other hand it is the unilateral decline that has caused market panic. This decline caused by news is not the demand of the market itself. After figuring out the reason yesterday, we immediately reminded everyone that there is no need to panic about this decline, and the bull market trend is still there.
Currently, the market has entered into a copycat market, and a daily increase of 20-30 points is already quite common. This is definitely a precursor to a big bull market. This crazy market also tends to accumulate risks. If you are not afraid of the mainstream rise of the big cake, then the flying of copycats is a signal of risk. It is necessary to reduce positions in batches when the market is high. Mr. Crab has said it many times that currently the band can only decrease and not increase, and the long-term can only increase and not decrease (unless it doubles).
It is worth noting that BNB and OKB both started to make up for the losses this morning, and the gains were not small. It is said that CZ may sell An An’s shares. If he wants to sell them, according to CZ’s vision, the one who will take over will most likely be a powerful consortium. Therefore, BNB can continue to be held for the long term in the future. After all, no one will ruin their own reputation, so just pay attention to their own cost price.
The growth of TRX is not bad either. Sun has shipped more than 2,000 BTC in the past week. It seems that he used them to boost his own projects. The top few coins on Binance's growth list are all Sun's coins, trx, jst, sun, and win. TRON has continuously set new highs, and its market value has once again entered the top ten. Originally, trx has little to do with this wave of market hotspots, and it donated 30 million to Trump Wlfi, forcibly linking it with American politics. In addition, Sun has been convicted by the SEC before. Sun probably saw that the copycats convicted by the SEC recently have certain growth hotspots, such as XRP, and he spent his own money to force the picture. Sun is worthy of being Sun Ge. Don't chase Sun's copycats.
STX is also a SEC concept, which is the first SEC compliant project in history. EOS and Flow have both paid fines to the SEC. XRP has directly sued the SEC. Of course, TRX and BNB have also been heavily fined by the SEC. Sun Ge was sued and CZ was directly squatted for 4 months, so these two have reached new highs. In addition, those that were once listed as securities by the SEC have risen well recently, including ADA, ALGO, ATOM, FIL, FLOW, ICP, MANA, MATIC, NEAR, OMG and SOL, etc. 11 tokens. You can also check out the ones that have not made up for the rise, maybe the next rise list will be among them!
At present, the focus is not on Bitcoin, but on the opportunities of altcoins! From the liquidation map, the pressure is around 98,000, and the range below 93,000 to 94,000 is still a reference for altcoins to ambush. Although it is a bull market, there will be short-term corrections, so the risks should be reminded. The current market value of USDT has reached the low point of the same period at the beginning of this year, 3.88 today, and the previous low point was 3.78. Therefore, there are opportunities for altcoins that have not yet made up for the rise, but they have to hurry up!
Although it is a bull market, we still have to guard against the occurrence of black swan events. Yesterday, the Korean Exchange dropped to around 70,000. If you open a contract there, you will probably be taken away. Therefore, there is no shortage of opportunities in the market, but what is always lacking is the principal. While we are making profits, we must remember to withdraw some positions from time to time in case of emergency. Don't hold a full position or gamble with high leverage. Living longer is always more important than making a lot of money in the short term!
The market has carried out large-scale liquidation of long positions for two consecutive days. It is expected that these two days will be relatively safe, so the range of the pin-point correction should also be relatively limited, giving us more opportunities to seize the copycat layout mentioned above!
The Fear and Greed Index of 78 is relatively safe at the moment. If the market gives you opportunities, you should seize them, but at the same time, you should pay attention to your costs.
Let's take a look at Mr. Krabs' recent rhythm:
DASH; 35 recommendations, currently with a 77% increase in earnings.
I recommend Dash because it was previously positioned as a copycat of securities. If Trump takes office and loosens the market, it will not perform badly. In addition, the old mainstream has been performing well, and Dash is also one of them. When Mr. Crab saw that Dash did not explode, he immediately notified me to get on board and set up stop-profit and stop-loss orders, which gave me a full sense of security! I have notified everyone to sell 30%, and the remaining positions will continue to double!
comp, 71 recommendations, 40% increase in profit
The reason for recommending comp is purely because of its low market value, including the leading project of defi. We recommended aave earlier, which is considered to be the leader. It looks pretty good as a leader, and the popularity of defi is still there, so we set our sights on comp. Mr. Crab also made a clear recommendation during the live broadcast, and many people who watched the live broadcast really caught up!
In the past two days alone, the combined revenue of our two copycats has doubled, so at this stage, a lot of money is flowing into the copycat market, and we have to learn how to seize it. For Mr. Crab, this revenue is still good.