Jinqunqun official account: Why bother to talk about coins

Why haven't I made a profit after working in the cryptocurrency circle for a long time?

1. Improper investment mentality

1. Blindly following the trend: Many people are often easily affected by market hype and public opinion when investing in digital currencies, blindly following the trend and investing without their own judgment and analysis.

2. Greedy psychology: In the investment process, many people are easily driven by greed and always want to get rich overnight, thus ignoring risk control and causing losses.

3. Fear psychology: When the market fluctuates, many people are prone to panic and blindly sell their chips, resulting in losses.

2. Lack of professional knowledge

1. Insufficient understanding of digital currency: Many people do not have enough understanding of the technical principles and application scenarios behind digital currency before investing in digital currency, resulting in investment decision-making errors.

2. Lack of risk management awareness: In the investment process, many people have not established a sound risk management system, resulting in the inability to respond in time when the market fluctuates, causing losses.

3. Information asymmetry

1. Information lag: The information update speed of the digital currency market is very fast, and many people have a lag in obtaining information, resulting in investment decision-making errors.

The time to draw the door is now!

Entering September, it must be a low-to-long stage. The rising power time will be in November. Breaking through the new high of 7.3W will be another round of downturn!
There is a high probability that the evening will be a shock bottoming, and the low-to-long

Buy at the bottom or buy at the top!!!
WIF SOL SATS JTO PEPE
The current market situation cannot be patterned. If you have profits, you must learn to stop profits in batches. What do you think?

On Monday, I reminded my friends to remember to stop profits in batches. Basically, the copycats are sold at high positions, locking in most of the profits. As for the remaining positions, I will keep them for today's market to make up for the losses. This is also one of my ideas for trading in waves!

In the cryptocurrency world, people with flawed personalities often achieve great success. People who are too smooth and too emotional will hardly achieve great success in the cryptocurrency world. People in the cryptocurrency world need to be paranoid. The more you can torture yourself in the cryptocurrency world, the more money you can make. Because making money in the cryptocurrency world requires doing inhuman things, you need to go through some pain and torture that normal people cannot go through, and then you can make a lot of money. ​

At the daily level, the price of Bitcoin forms a short-term double top at 65100, and the 4H level 62650 temporarily stops falling. According to yesterday's analysis, the divergence needs to be corrected to around 61850. The current position is just a relay of decline, and it is expected to continue to correct after a short shock. In the short term, the intraday pressure point is around 63500. Small positions can try one hand here, with the target at 62350 and the stop loss at around 64100. The profit and loss ratio is 1 to 2, which is more appropriate.

TRB weekly K has a wave of pull-up from around 54.4 to around 77, and it stands firmly on MA120 and breaks through MA7. If it falls back, it can be bought nearby. The upper pressure is near MA60. MACD shorts are shrinking. There is a sign of forming a golden cross. It can be bought around 67-64. The rebound target can be seen around 75-82. ​

There are far fewer certain opportunities in the market than you think. As a retail investor, you can't find them by looking at fundamentals or K technical analysis one day. Only a few advantages established by using tools, such as the black and white equation, are truly certain. Or some arbitrage opportunities.

Don't mistakenly think that your prediction of the market is certain. If you are bullish, go long, and if you are bearish, go short. Think about the strategy, at least consider the most basic acceptable loss, stop profit, position size, and use spot or contract or option or loan tools.

As Livermore said: "The first step is to estimate the future market and potential of a certain stock; the second step is to determine at what price to enter the market. At other times, you should stay out of it and let the market gradually develop trends."

If the Fed cuts interest rates in September, will the cryptocurrency market really see a surge?

My answer is: it will definitely rise, but whether it will be a surge is still unknown.

There are three main reasons:

First, given that the market often sees a short-term rise after the recent positive news, and then ends with a decline, this probability does exist. However, this September rate cut is very different from the past, and perhaps the script will change a lot.

Second, once the interest rate cut is implemented, bank funds will undoubtedly flow out. The first to take over this wave of traffic must be the financial market. In addition to the stock market, the cryptocurrency market may also become the biggest beneficiary. Today's cryptocurrency market has a huge influence in the world, with as many as 560 million participants. Where there are people, there are interests, and the cryptocurrency market is also a suitable place for capital to flow.

Third, except for the US stock market, which has been breaking the previous high, other stock markets are at a relatively low level, which will attract the favor of capital. Many high-quality companies will receive huge financial support, especially the artificial intelligence industry

Currently, there are only two possibilities for Bitcoin. One is to go down to 63,000-63,300 and then go straight to at least 68,000, or even 72,000.

Another possibility is to go down to around 60,400 and then go straight to the 70,000 integer level. There is no third possibility!

Why are most people in the cryptocurrency circle not suitable for contracts?
From the failure example of my friend in the cryptocurrency circle, a Beijing man who played contracts and was liquidated n times, he was in debt of 60 million yuan, his wife and children were separated, and he sold his two houses in Chaoyang 3rd Ring Road in Beijing to tell you: why most people in the cryptocurrency circle are not suitable for contracts!
The risk of cryptocurrency contracts is extremely high, far exceeding ordinary investment, and it is almost a road of no return. Contracts are only suitable for a small number of investors with professional knowledge and resources. The following are four reasons why most people should not get involved in contracts:
Risk amplification: The cryptocurrency circle itself fluctuates violently, and contract trading multiplies the risk. Once involved, the risk is close to 100%. Market manipulation: Many people mistakenly believe that contract trading is fair, but exchanges may actually use a large number of chips to manipulate the market, causing investors to blow up their positions.
Human weakness: Contract trading amplifies the temptation of income, easily stimulates greed in human nature, causes investors to indulge in it, and may eventually fall into tragedy. Strong professionalism:
Contracts require a lot of professional knowledge and professional data, and there are many quantitative institutions in the cryptocurrency circle that are doing contracts.
They have big data, the smartest people in the world, and are more likely to collude with exchanges privately to make money together. So they can survive in the cryptocurrency circle by doing contracts.
Most people are ordinary people, and their financial knowledge, resource management capabilities, cash reserves, etc. are actually insignificant. We cannot enjoy some of the resources of the core layer of the cryptocurrency circle.
Therefore, doing contracts is basically a dead end. Even though I have said so much, there are still many people who will try contracts

Some students may be a little confused, right? The night before yesterday, they were trapped in long positions, and last night, they were also trapped in 🈳 positions. This thing is actually very simple. You don't have to listen to other teachers' words about this line or that line, or about golden forks, silver forks, and harpoons.

These things are typical manifestations of incomplete trading cognition. It's either up or down, right? What's the point of analyzing it? You have to be trapped.

You see, I have seldom analyzed for so long. One is that the position is more important, and the other is landing and defense. If analysis is useful, there won't be so many flying people who know it.

Recently, the cryptocurrency circle was swept by a post-90s generation. Shenyu earned 100 million U from 1,000 U in the cryptocurrency circle, equivalent to more than 700 million RMB, and directly advanced to the ranks of billionaires.

Ordinary people are eager to get rich overnight in the cryptocurrency circle, but the reality is always particularly cruel. Every day, someone defends his rights at the door of OKEX. Every day, someone starts to counterattack and achieve financial freedom.

The longer I am in the cryptocurrency circle, the more I feel that the depth of the entire cryptocurrency circle is not something that ordinary people can handle. What ordinary people need to do is to work steadily.

Today is Friday, let's see if Ethereum will make up for the rise today.

Regardless of whether Ethereum rises or not, the copycats will definitely not be able to stop it.

The market is now betting on contract expectations. Binance has been playing like this recently, completely attracting traffic.

Which contract will be launched today?

BSW, DATA or burger, no one knows which one it will be. No matter which one is launched, there will be a lot of insider trading.

Ethereum held up yesterday, can it take off today? The meme sector has a large market value now, and it can't be played.

Let's see the situation in the inscription sector

RARE is a relatively strong dealer who has not left yet, and I don't know what this dealer wants to do.

Every day, someone asks me: Are we in a bear market now? In fact, my view has not changed over the past year - the real bull market has not yet arrived.
Why do I say that? Because this round of rise did not see a large number of retail investors pouring into the market, but more large institutions such as Wall Street ETFs, Goldman Sachs, and BlackRock are playing. And the real bull market, I believe, will be accompanied by the full participation of retail investors, which may have to wait until the United States cuts interest rates or the global economy recovers.
The current global economy is not optimistic, but this is normal. This is the rhythm of the world: ups and downs, mergers and separations, fighting and stopping, nothing new. Our lives are not much different from those of the ancients. We still have to eat three meals a day, sleep and rest, and reproduce.

8/22 Market Analysis
From 10:30 last night to 2:00 in the morning, the market once again verified the accuracy of these two core judgment criteria:

1. QCEW data from the Bureau of Labor Statistics: The data released at 22:32 showed that only 818,000 jobs were reduced, far below the market's expectation of 1 million, which reduced the fear of economic recession. As a result, the market diverged - some believed that the risk of recession was reduced and pushed up prices, while others remained cautious, leading to price corrections.

2. Fed meeting minutes: The minutes released at 2 a.m. further strengthened the market's expectations for rate cuts, and this positive signal prompted the market to rise.

Bitcoin hit a high of around $61,800 during this period, coinciding with the key resistance level previously predicted. The September rate cut is almost a foregone conclusion, and market sentiment has shifted from worrying about recession to looking forward to rate cuts. BTC has followed the upward momentum of US stocks and successfully broke through the $60,000 mark.

Outlook for key events:

1. Powell's speech on Friday is expected to take a dovish stance and release more signals about multiple rate cuts in the future, which is good for the market.

When the market is not good, the less loss you make, the more profit you make. When the market gets better, you can make a big move.

Brothers, many troops will never be slaves, multiply them

There is a high probability that it will come down again.

The best way to control it is probably not to place an order.