Market analysis and trading sharing on October 17

Since yesterday, BTC's 4-hour line has begun to fall back. We are waiting for the fallback position: 66,000 or 64,500. The rising points after reaching different points are different. Now the entire market is still only BTC going up as a whole, and the altcoins basically do not follow the market. Now we are waiting for BTC to go sideways to see if there will be a wave of opportunities for the altcoins. Recently, the strong currencies are still those sui, om, tao, saga, etc. (these have risen very high, and are now only suitable for small positions for short-term trading. For example, OM has risen dozens of times since last year), and the others are basically not moving. Now the funds entering the market are limited, so it is becoming more and more difficult to pull several sectors or general rises at the same time.

For other currencies besides BTC, we must conduct in-depth research, and then find the rules and seize the sector rotation to make stable profits in this industry.

It is difficult to achieve stable profits in trading, because many people basically do not pay attention to how the market moves, but only pay attention to the currencies they trade. If they encounter a continuous decline in the currencies they trade, it is easy to lose their way. Traders cannot blindly follow the trend, they must have their own judgment and trading strategy. It is difficult to make money in this market if you have nothing, especially for those who have just entered. Many of them are elites in other industries. They use their original working experience and abilities to trade, and finally they are taught a bad lesson by the market. Trading and your original job are two different ways of doing business. Only if you know how to change yourself and change with the changes in the market can you gain a foothold in this market.

No matter which industry you entered this industry from before, you must learn to learn, but how much you learn. Those who understand quickly learn less, and those who understand slowly learn more.

You must have your own positioning and cognition when entering this industry. If your cognition is vague and your positioning is inaccurate, you must learn enough to reflect and summarize when you come in. Only after reflection and summary will you feel the importance of learning, and you will slowly change from losses to profits.

Every industry is led by a teacher, and the final practice depends on your own degree of dedication, which can determine how far you can go in this market.

BTB Investment Research welcomes everyone to communicate and learn together. I wish you all complete your own trading system as soon as possible and earn the wealth of your own cognition.