After Bitcoin briefly surged to 73,000, it has been fluctuating slightly around 72,000 for most of the time, which means that the price will increase in the next thirteen circles.
Previously, Thirteen said that the price of Bitcoin would increase to 73,000, and many people scoffed at this, thinking that it was impossible for Bitcoin to reach that level in a short period of time. What about now?
It takes less than 20 days from 60,000 to 73,000. As long as there is no huge negative impact on the market, Bitcoin will completely stand above 73,000 in November, which means that the Thirteen Circles will enter a new stage, and 85,000 Bitcoin is waving to us.
Before this, Shisan has always been recharging everyone's faith, which is worth it and has not let down the fans who stay up late every day to read Shisan's articles.
In this era formatted by short videos, there are really not many friends who can sit down and read an article. Thank you all for your company along the way.
I still say that ten years later, Thirteen will still insist on updating articles, working hard to be a better person, and will never be involved in any evil things.
From March to now, we have managed to make it. After all, our main positions are concentrated on mainstream currencies such as Bitcoin. Next, we will face a new stage of market conditions.
Once a definite trend is formed, we will have more opportunities to make money. Everyone is welcome to come and support us at Thirteen Circles.
2，
When Bitcoin reaches its previous high, it will inevitably encounter tremendous pressure here, so it is normal to pull back to this position.
After all, this pressure level is very high, and this position is full of profit-taking, so some people will cash out and leave the market. Not only the short sellers will smash the market, but many long-term bulls will also choose to sell. After all, everyone wants to sell high and buy low.
The same is true for us who are in the thirteenth circle. The short-term position can indeed be taken into profit at this position, and then it can be taken back to around 71, making a profit of 2,000 points round trip.
Although there is great pressure at the previous high position, there is a truth that may be able to provide us with a guide for action in the general direction.
According to statistics, in the past few months, the speed at which institutions entered the market has been much higher than that of retail investors.
In other words, institutions started to buy at the bottom in advance, while retail investors are mostly waiting and watching.
The information asymmetry advantage, resources and funds that institutions possess are unmatched by retail investors. Generally speaking, under such circumstances, the long-term market trend is upward.
If, on the other hand, retail investors enter the market much faster than institutions, it means that the market is about to enter a downward trend.
In this market, only a few people make money. This is true for any investment game. Only a few people can make money while most people lose money. Only when most people lose money can this wealth transfer game continue.
Just imagine that most people in the market have made money. Where does the money come from? Can this game continue?
Fortunately, most of the friends who can reach the thirteenth circle can become a minority. At least if you don’t act recklessly, you can easily achieve your goal.
Don’t think that everyone can make money when the bull market comes. On the contrary, the bull market is when retail investors lose the most money.
Because the market crash always happens when you are extremely excited, and it will kick you directly from the top of the mountain to hell.
For example, Bitcoin suddenly plunged 50%...
Such things have happened in the cryptocurrency circle before. Will they happen again in the future? I don’t know. Although the entry of institutions such as BlackRock has reduced the probability of the same thing happening, boiling a frog in warm water is more cruel. Retail investors will be repeatedly kneaded between despair and hope.
3，
Let’s talk about the next market situation.
As long as Bitcoin reaches 72450 today, it will be four consecutive positive days.
The sentiment in the entire market is extremely excited. At this time, rational people know that a correction may be on the way.
Most people in the market are bullish, and few bloggers dare to be bearish, because with the current trend, the possibility of being bullish is very high. If you are bearish, it is easy to be wrong, and if you are wrong you will be criticized.
Number thirteen doesn’t matter, because I don’t take any orders. I’m just reminding you of the risks here, and everyone just needs to be prepared.
Where will it fall? Thirteen believes that between 69,500 and 70,000 is the last resistance.
At this point, everyone can enter the market with confidence.
It’s sad to think that we once had bitcoins worth less than 60,000 right in front of us, but we didn’t cherish them and only regretted it after we lost them. If God had…
The reason for this judgment is that the bullish volume has not shown a trend of expansion, but is shrinking instead.
When the multiple troops attack to this position, the short-term goal has been achieved. It is a wise choice to return to the camp to rest and prepare for the next breakthrough of 74,000.
The short side's volume is also very low now, and the long side now seems to be slowing down. If the short side exerts a little force, it will be relatively easy to return to our target position.
Of course, we are bearish but don’t go short, and focus on buying spot goods at low prices.
4，
Finally, I wanted to talk about Ethereum in detail, but in order to meet the word count of the article, I plan to talk about it in detail tomorrow.
Here I will only state the conclusion. Ethereum is not what everyone thinks it is, and Vitalik Buterin is not just concerned with love and ignoring Ethereum.
You may have noticed Vitalik’s article “The Purge”, which vividly presents the grand blueprint of Ethereum’s future in front of us.
In short, your uncle is still your uncle. Apart from Bitcoin, he is the best project.
However, the current price of Ethereum does not reflect its value. This is an opportunity for us. Perhaps if we buy at the bottom, there will be unexpected surprises in the future.
Over the past six months, Thirteen has suffered countless insults and slanders. Now he can finally shout out a little. Haters, come out and have fun. Please continue to be bearish and continue to clear your positions. If you are a man, don't be cowardly.
As the market rises, we will also face new troubles: should we take profit? If not, what should we do if the market falls back?
This problem is actually the same as when the market was falling, and the same mistake was made: short-term thinking.
Our bottom line is to see more than 100,000 Bitcoins. If the price is below this level, we don’t need to worry about market fluctuations.
The greatest significance of Thirteen's existence is to urge you to hold on to the high-quality chips in your hand and not throw them away casually.
Let’s work together, brothers.
The cow really came.
Come on, people in the cryptocurrency world,
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