Still two things~

1. In the past 30 trading days (October 7 to November 15, 2024), Binance’s total trading volume significantly exceeded Nasdaq, New York Stock Exchange, and Coinbase:
(1) Exceeding the Nasdaq exchange by 10% and twice the trading volume of the New York Stock Exchange, Coinbase is even more
(2) This is a very extraordinary number, because the difference in the volume carried by the two is dozens of times.
(3) The current market value of the U.S. stock market is more than 60 trillion, while the total market value of crypto has just exceeded 3 trillion due to the rise of BTC.

What's more, this is still a rough calculation. After all, not all coins can be traded on @binancezh

With such a large size gap, being able to overtake is enough to see that the crypto market, as a financial market with low entry barriers, is very attractive to funds. Especially after Trump took office, the recent actions of all parties seem to have Paving a smooth path for encryption

2. New functions on Binance Square, which are not available on Twitter, iterate more interactive functions during the voice live broadcast process: disk projection and currency link

I think this is very good for friends who are good at the secondary market. Originally, Square could earn profits by posting posts and mining, but now it has added [voice mining]. The principle is actually to promote transactions through opinions and then obtain The handling fee is divided and there is no entry threshold

You can slide down the home page to enter the square interface, and then select live broadcast in the bottom column of the post to start it, both real-time and scheduled.

In addition, some communities actually use this function to solve problems and hold meetings very smoothly. Why do I say this? I have a friend who told me after experiencing it himself~

In the past 24 hours, deBridge's daily transaction volume was 10 million, of which more than half was from the Ethereum system flowing to Solana

There is still a lot of room to reach the target daily transaction volume of 100 million

The two points I am more concerned about in the next V2 version: gas-free transactions and intention transactions

The business model of the cross-chain bridge is easy to understand. As long as someone uses it, there will be cash flow, but the proposal of gas-free transactions makes me feel a little confused and look forward to the details

As for the intention function, especially on the basis of gas-free transactions, the transaction scenario is more liquid for on-chain users. The same-chain intention of deBridge abstracts the binding relationship with the native token of the main chain

If we buy an X token on the Solana chain, we don’t need to sell the original asset to $SOL and then use $SOL to buy this X token

📍It is a bit like treating the assets of the same chain as a complete pool. The assets in the pool can be freely exchanged, for example, like an exchange, using U to buy meme

Therefore, whether it is intention or chain abstraction, a trend I see is the relationship between abstract assets, GAS and chains, which is ultimately to reduce the complexity of user interaction. This is a good development trend

At the end, let me touch on the topic again. If deBridge can achieve gas-free transactions, the daily transaction volume will be hundreds of millions, which is also a short-term foreseeable thing. After all, BSC has successfully demonstrated it through stablecoins before...

It is highly likely that deBridge has also framed a certain condition here, and I will wait for the subsequent details~

$LISTA The current price is just right, and it is a good position for both long and short positions, because it is at the lower edge of the relay pattern

You can break through the lower edge to short, or you can subjectively determine that the lower edge support is effective, and the profit and loss ratio of long positions will explode directly

If it goes up again this time, I think the resistance of the upper edge can be ignored, and there is a high probability that it can be directly broken through

If you are shorting, you can also set the stop loss back to the current price. The profit and loss ratio is appropriate, but the target reference point is difficult to find

📍K Line Combination Pattern Application — ABCD Zone Trading

It has been a while since I updated this teaching series, and this is a relatively simple trading system I saved last year, which includes buying and selling points. It is somewhat similar to the use of trend line breaks.

It can be used to determine buy and sell point areas, where the buying point is based on a reversal logic, and the selling point is based on a resistance exit logic.

Suitable for naked K right-side trading, buy in the C zone when B enters, sell in the D zone at resistance.

Expand👇🏻

- Pattern Principles 🔻
(1) The initial pattern extends from the A zone, connecting the low and high points of the A zone K line to form and extend other zones.
(2) The B zone cannot be used as a buying point area, because once it encounters a major market movement, it will be unable to escape and can only perform reversals when the trend ends.
(3) The D zone is the resistance extension area of the A zone, so selling when reaching or being in the D zone is a prudent choice.

- Extension Notes 🔻
(1) Once the market leaves the A zone and enters the B zone, and a large bearish candlestick appears, the current pattern cannot be used as the main trading basis; otherwise, many trading opportunities will be lost.
(2) A breakout of the C zone trend line in the B zone is a buying point, but one must guard against false breakouts, so combining the buying point with trading volume analysis is better.
(3) Once the market falls back from the C zone to the B zone, sell unconditionally, as this may indicate that the market will continue.
(4) This system can serve as a primary reference, but should not be used as a single indicator; it is advisable to combine it with other technical indicators for assessment.
(5) The buying point of this indicator is of a right-side style, while the selling point is somewhat left-sided, as the buying point is entered after confirming the breakout, whereas the selling point is based on subjective human assessment of resistance at that point, which may be a local peak.

This article is not long and is relatively easy to understand. Thank you for following @Eric SJ .

Where to learn the technology of secondary cryptocurrency trading?

You can look for various video courses or text courses on stocks (I have updates on text courses), they are all equally applicable

Candlestick charts do not lose their significance or change in meaning just because the market has changed

Ultimately, candlestick charts reflect the actions of people in the market towards a certain asset

People all over the world actually behave in the market and make similar mistakes.

I don't know how many people are simultaneously doing secondary trading while speculating on memes. The entire meme track is actually a microcosm of an industry community.

What you do in the meme track is very challenging for a startup team.

Because the things within memes inherently possess various concepts, memes are not just memes; this is my recent realization.

One moment the meme concept is hot with AI, the next it’s DeSci, and then the next is the Elon Musk concept.

A startup team, in fact, cannot keep up with this kind of concept iteration.

Recently, $BTC during the day always gives the feeling that it is about to pull back, then shortly after it drops a bit to shake off the weak hands and then it goes back up.

When you thought about opening a short position before sleeping, you wake up to find it has already blown up, and the price hasn't moved at all.

Scalp is tingling!!!

The feeling with the counterfeit is pretty much the same, and even because the market is smaller, the sensation is even stronger.

I'm fed up!!!

There are currently 82 non-TGE game projects in the market that have raised more than 10 million yuan

Today I chatted with two co-founders of games. It feels like they are still alive, but they have actually been gone for a while

I can't explain it to the upper level, and there are not many people in the community, especially this round of Meme fever has lasted almost the whole year. After knowing TGE, the market feedback must be unsatisfactory

There are not many DAUs, but there is a lot of financing. Has TGE become a "Schrödinger state"?

I want to change the direction temporarily but I am afraid of that track: Bang, it was killed in an instant

(Background supplement: One of the people in the communication once tried to turn around and do inscriptions + games, but the inscription market ended quietly in the planning stage)

Follow up on $MANTA hours k, looking back now, it has retraced to the previously mentioned 0.618 support level

Then there was a rebound, and currently, it has encountered the resistance line at this level

Therefore, the position at 0.85 is crucial, determining whether the trend will reverse or continue, so strategies around this resistance point can be considered, such as shorting at the current price with a stop loss above 0.85

Or going long in the initial segment after a breakout at 0.85

$MANTA The decline is beginning to emerge, the first support is here at 0.8, and the next support is 0.766

MANTA is a new coin launched this year. Although the price is also falling, it is still very strong in making things happen

It is one of the several protocols that came out of the Polkadot ecosystem that I mentioned a few days ago

And now the label of the Polkadot ecosystem has gradually faded

$GOAT fell out of the trend line, what? A bet on 1.05?

This position is the first support. Looking at the details of the small cycle, the certainty is still relatively high, but the profit and loss ratio is a little bit worse

But the target can only be seen at 1.05, which is the easiest support point

Another member of the staking ecosystem is added to the airdrop $ZRC to $EIGEN

The core concept of the Zircult protocol involves the Ethereum memory pool, so

Why do you need to know about the Ethereum memory pool (mempool)?

A few days ago, I saw a technical blogger popularizing this concept, which reminded me of the Zircuit document I saw before

At that time, I felt that the description of [Sorter Level Security (SLS)] was really abstract and confusing. After reading the original text, everything became clear when I looked back

The question that really puzzled me was: Does L2 have a Mempool, and what is the significance of improving it for all parties

As far as I know, Arbitrum does not have it. I am ashamed that although I hold $OP positions, I have never learned about Optimism in detail. After reading the original push, I went back to read the Optimism document and saw the mention of private memory pool

Zircuit is a Rollup built on OP Stack, and at the same time in OP The components based on the Stack framework are replaced with zero-knowledge proof logic

At the same time, the core of the business is the concept of memory pool. To put it simply, it is to attach another layer of security to this memory pool through pre-detection and isolation of suspicious transactions

📍More popular explanation: Everyone has queued for nucleic acid. During the queue, the staff will first measure the temperature of the team. If there is an abnormal temperature, they can be taken out for special testing directly

Zircuit is roughly this link

The ultimate goal of this matter is that every transaction on Zircuit will be a tested transaction result, and there is no need to question whether the transaction is valid again

It is also necessary to mention that the detection of whether the transaction is malicious is based on an AI model trained by the project team itself, and the training data is other EVM-compatible chains on the market

This design is also equivalent to a built-in intelligent automatic audit. With the support of these components, a more secure Rollup ecological foundation is built

Attached figure: Principle demonstration

Today is a good day to pray🙏🏻

Today can be said to be a huge shock in the Chinese crypto community. The DEXX platform for on-chain dogfighting has problems, and a large number of user funds have been transferred away. At present, I see that the amount on the chain is nearly 500 million. It is too large and this money cannot be moved in the short term. #DEXX被盗

Web3 rights protection is really difficult. I have been rugged several times in these years. None of the rights protections have any results. Finally, I am numb to it when I encounter it again

I hope everyone can have a good follow-up this time🙏🏻

📍Project Rating: NEOPIN丨D $NPT

Neopin was originally a relatively active Defi protocol on the Klaytn chain. It specifically entered the RWA track. If RWA wants to be successful, it still relies on offline resources. Neopin has made some progress in regional cooperation.

In addition, Klaytn has upgraded its brand this year and merged a new L1 infrastructure. I am quite looking forward to its new development. It may indeed be the largest blockchain ecosystem in Asia.

The trend of Neopin itself is a bit lame. The classic opening is the peak. There is nothing to say.

About rating🔻
S: Must pay attention to, but in principle it is difficult to have projects with this rating
A: Worth being included in the observation pool
B: Generally, it is the level of relatively active projects and has the opportunity to enter the observation pool
C: A relatively ordinary target
D: Not worth paying attention to

Note: The content of this series will not involve any business components

$ENA has a not-so-good signal, and the trend of the high point is further decreasing.

Specifically reflected in this relay pattern, as can be clearly seen in the figure, from the upper white line to the upper yellow line

And the lower edge of the relay is also probed, the direction and point of this relay are unclear, try to expand the cycle and draw a larger trend line, and do a good job of retracement control