Written on 2024/09/29, technology is still useful

BTC has always been analyzed from a technical perspective, and the average deviation rate of the moving average is too large. Why do many historical big market trends almost have to be glued together before they can be started? One is the turnover rate and the average holding cost. The second is to form a new price support level and consensus. The third is to continue to attract the inflow of off-market funds (including macro factors such as risk aversion, interest rate cuts, and the US election. The final low price... If you don’t buy it, you will have no chance in the future). When the moving average is glued together, it will show a long arrangement and diverge upward, which is the start of an extreme market. Most of those who enter the market based on news and emotions are providers of liquidity that undertake the main shipments at high levels. Money is not so easy to make, especially in the financial field.

In fact, in my opinion, you can’t chase the rise and fall at any time, and be affected by market sentiment. In fact, it doesn’t matter if you don’t understand and miss it. There is not only one target. Coming in because of greed will only backfire. Even if you make money by luck, as long as you stay in this market, you will lose it by strength. This is the cruelty of the financial market and the nature of man-eating man.

It doesn't mean that if you don't enter the market now, you will miss a lot of opportunities. There will always be opportunities, and there will always be people who will attract us to enter the market. Therefore, you should improve your understanding of the market at any time. Many people lack basic common sense about the financial market. Some traders may invest rashly without understanding the basic concepts and mechanisms of the market. It is like a blind man touching an elephant, just like sailing in the sea without a navigation system. Basic knowledge includes the price formation principle of the stock market, the reasons for exchange rate changes in the foreign exchange market, contract rules and leverage in the futures market, and the lack of understanding of the use of trading tools. If you don't know the logic behind it, the probability of failure will increase greatly. Any trader must spend time to continuously learn and master these basic knowledge. Only in this way can you be at ease in the ever-changing market...