The greed index of the cryptocurrency circle has reached 90. What does it mean?
Just yesterday, the greed index of the cryptocurrency circle reached 90. In history, when the greed index is above 90, there will be a wave of decline, or the so-called bear market. If everyone knows this established fact, then don’t look at the trend, just short and wait for the position to turn over?
Is it really like this this time? In my opinion, it is not that simple. I only know that any market is eternal and unchanged. The 80/20 rule does not need to refute me. When everyone says that the index will fall to 90, it will fall. At this time, you should be cautious. There is no other meaning. Those who understand will understand.
In fact, this market is a boring market. All the sideways fluctuations are just choosing the direction. The higher the fluctuation, the more we understand that things will turn around when they reach the extreme. The end of the strong bow and the lamp with dry oil will return to the last light. If there is a sudden rise in the near future, it is not a time to rush to chase the rise. At least at this time, it is a time to wait quietly, lie flat and wait and see, and respond to changes with the same attitude. Contract players all know that it is nothing more than opening long or short. We have always said that low long and high short. Whether it is a corresponding high position, everyone knows it in their hearts. At least this position is not at a low position, right?
Trump's trading time and Trump's positive gimmicks are slowly weakening. Although there is some Poland releasing BTC as a strategic reserve, it is nothing more than the butt determines the head. It may be chasing high to buy, and now want to create momentum, so that it can be shipped after the rise. 197 countries in the world, relative to us retail investors, they belong to institutions or big capital. But you must know that the big brother America is setting up a game, just to turn other people's money into its own money. There are never fewer fools in institutions than retail investors, otherwise there will be financial predators who snipe a country and cause bankruptcy. Similarly, institutions will also blow up, so don't be too superstitious about institutions.
In fact, in this market, making money and losing money are all very normal. Most of us retail investors are just fuel for this market. If you don't understand, then stop. All forms, all good and bad news, are nothing more than trying to plunder your resources. The surge and plunge are the time to reap the harvest.