The closing in May was relatively good, with strong altcoins basically recovering the losses in April. The weak market is still in the volatile stage, and the market is rising amid doubt, but Bitcoin is still in cyclical volatility. Let it fluctuate like this before it breaks a new high. You will have no chance to get on board when the next main upward wave starts. After all, the volatile market is a time when bulls and bears curse each other.
The overall secondary market is still dominated by meme and Ai, and the Bitcoin ecosystem is in the recovery stage. If we follow the saying "carving a boat to find a sword", now is just the prelude to the bull market. Of course, some people say that the bull market is over. Such people are either stupid or bad. It is worth mentioning that the bull market has not come at all. After all, now is not the time for everyone to make money.
To make money, first, you need to participate in new things, and second, you need to hold Bitcoin. According to historical deduction, in this bull market, the Bitcoin ecosystem will be a new hype thing, so there must be a wave of Bitcoin ecosystem that will replicate the summer of Defi. After all, there are no other new stories except meme.
The on-chain meme has been in a bull market, sol, eth, and base chains have jumped back and forth, and the secondary market is still in the stage of tearing each other apart. VC and meme, full circulation and unlocking are interesting. As long as the people who are tearing each other apart have traffic in the market, it means that the market is in a stage of doubt. It is not the time to make money with your eyes closed, but the time for smart people to make money. It is the bottom.
Recently, the Korean exchange Upbit listed new coins for three consecutive days, namely AUCTION, STG and Beam. These tokens all started to soar after they were launched.
There are rumors that Upbit may be listing coins crazily in June. Many people think that they should open long positions as soon as they see Upbit listing coins, and then open short positions a few hours later, first taking advantage of a wave of gains and then a wave of losses. Is this a reliable strategy?
Through data observation, we can see how to use some of Upbit's listing rules to trade, thereby improving decision-making quality and increasing trading success rates.
How is the price trend after listing on Upbit?
On May 29, Upbit announced the launch of AUCTION.
AUCTIO surged 50% in 5 minutes after the announcement of its launch. It reached a short-term high 15 minutes later and then fell. After that, it entered another uptrend, but did not break a new high, and then fell again.
On May 30, Upbit announced the launch of STG.
Upbit surged 44% in 5 minutes after the announcement of the launch. It continued to rise and reached a high point in 2 hours, with a maximum increase of 65%. Then it fell all the way.
On May 31, Upbit announced the launch of Beam.
Upbit surged 38% in 5 minutes after the announcement of the launch, and then fell. It rose again in about 2 hours, and then generally showed a downward trend.
What is the price pattern after Upbit lists a coin?
It is not difficult to find that after Upbit listed the tokens in the past three days, the tokens have skyrocketed in a short period of time, and the first wave of increase was completed in about 5 minutes.
After 5 minutes, the 3 coins behaved differently, with one coin rising to a high point within 2 hours, and the other two coins rising for the second time within a few hours.
However, after the second pull-up, both tokens started to fall.
How to use Upbit’s rules to improve your winning rate?
In fact, rather than improving the winning rate, it is better to talk about how to use rules to improve the quality of decision-making and reduce losses.
First of all, if you want to buy coins based on the news, you must do it quickly, at least within 5 minutes, or even within 3 minutes, the faster the better. After 5 minutes, the probability of being trapped increases.
Secondly, if the buying position is not very good, within 2-3 hours, the token will either continue to rise or usher in a second wave of rise. This is a critical period for escape.
Finally, if the token does have a second wave of growth, and it does not exceed the first wave of growth, and the second wave of growth is weak and starts to fall, then there is a short-selling opportunity. From the data, if you are not a quick shooter and can get on the train within 5 minutes or even 3 minutes, then this is also a position with a relatively high winning rate. However, you need to be a futures player.
Overall, the impact of coin listing news will decrease over time, and the token will rise due to the listing effect, but will fall again after the peak.
Why has Upbit been listing coins continuously? The recent large number of coins listed by Upbit may be related to the new regulations in South Korea in July, namely the "Virtual Asset Investor Protection Act" that came into effect in South Korea in July. After it comes into effect, there will be more complicated rules for listing coins, and virtual assets with a history of hacker attacks will be prohibited from being listed.
We can probably guess that Upbit will continue to list a large number of coins in June! Grasp the rules, don’t blindly join the train, and lose less money.
Three additional pieces of news: BlackRock disclosed the seed investor information of the Ethereum spot ETF, and trading is expected to begin in late June or early July.
Regarding Ethereum, the only negative factor other than the technical aspect is the crash of Grayscale ETHE.
Some Federal Reserve officials have been hawkish for three consecutive days, and expectations for interest rate cuts in the second half of the year are generally lower.
The probability of a rate cut in September is around 45%, and the probability of a rate cut in November is around 60%.
There are also some dovish comments saying that the frequency of interest rate cuts will be maintained twice within the year.
After Nvidia breaks through the historical high, the Super AI Alliance (ASI) will be coming soon, that is, the three tokens of AGIX, FET and OCEAN will be merged into one. The birth of artificial super intelligence is expected to lead to the outbreak of a new round of AI market. After the meme is temporarily extinguished, the relevant sectors can be paid attention to in the short and medium term.
In this market full of manipulation and aggressive dumping, not getting off the bus at will, and even more not getting on the bus at will, is a basic skill for long-term survival.
Since the market adjustment, mainstream sectors have been eager to try. I hope it is not a flash in the pan!
