Brothers, this is incredible. Everyone was stunned when they woke up. The sudden attack by the concubine really made everyone drop their jaws. From the data of nearly 2.8 billion yuan and 57,500 people’s positions being liquidated, we can see that more than 90% of the short orders in the market last night became the fuel for the bull market.
Many brothers, at first, just wanted to open an ant warehouse for fun, but in the end they lost even their original capital. Alas, they originally wanted to make money by calling prostitutes, but now they have the intention of becoming prostitutes. It can't be said to be miserable.
There are those who lose money and those who make money. Because yesterday was 520, there were many people who were busy and drunk last night. They didn't have time to check the market and woke up to find that their accounts had increased by more than ten times. It would be great if they didn't win the prize.
There is no belief in the crypto world that cannot be changed by a big bullish candle. If there is, then there will be two more. Auntie has been sluggish for almost two years, and has been even more disappointing since the Cancun upgrade. She can't keep up with the pace of the eldest brother, and she has almost been squeezed out of the throne of the second brother by the third brother Sol several times.
However, a 20% big positive line last night officially announced who is the real king of copycats and who is the well-deserved second brother.
Tangren remembers that the last time a single line rose by 20% was in the last bull market. It was the appearance of that big positive line that truly started the violent bull market + copycat season.
But, brothers, it is not Tangren who wants to sing a different tune. We need to be sober and rational and realize that last night's surge was because Bloomberg analysts concluded through hearsay that the probability of the approval of the Aunt ETF has increased from 25% to 75%. It is the probability that has increased, not that it has already passed.
Such news is not enough to make the Yitai take off. Before the Yitai ETF is approved, the two documents 19b-4s and S-1s must be approved first, which means that the 19B-4 document will be approved on May 23. Even if it is approved, it cannot be traded immediately.
It will have to wait for the S-1s to be approved before it can be officially traded, which will be a few months later, especially since August 3 is the deadline for Fidelity's Concubine ETF and August 7 is the deadline for BlackRock's Concubine ETF.
These time points are of great significance to the future development of the Yitai ETF. The hype and volatility before this will fluctuate, so don’t wishfully think that the market will continue to rise. The risk of a pullback during the process is also worth noting.
However, if the SEC really approves the Yitai ETF, then Yitai's fundamentals will undergo a qualitative change. Tangren believes that the price of 10,000 is really not its limit. As a driving vane of the copycat season, Yitai is waiting for an opportunity. If we have to say when to enter the market, 3,000 is actually a good position.
The answer will be revealed in two days. Judging from the choices made by funds, passage is a high probability event. Since the positive CPI last week, funds have accelerated their entry into the market, and the data reported by ETFs also show continued net inflows. In the past week alone, 11 ETFs had net inflows of more than US$1 billion, and optimism is gradually rising.
Therefore, any pullback should be an opportunity to get on board. If you pay attention to Tangren’s articles, you will find that on May 9, the male god who can influence the direction of the big cake appeared. Can he continue his legend? On May 11, 3,000 points were smashed overnight, and thousands of coins were left with chrysanthemums. Should I run or stay? Let everyone get on board at the beginning. Some earlier articles have repeatedly asked everyone to get on board at the position near 60,000.
How many people have really boarded this train? Leave your story in the comment section. Don’t regret if you didn’t board the train. There are never only one or two opportunities in a bull market. We must use the opportunities we are given. Only by seizing the opportunities can we win.
The current long-term trend is still positive, and the Federal Reserve will definitely cut interest rates this year. Although the Federal Reserve officials are now very stubborn, with weak employment, economic slowdown, and inflation continuing to return to a downward track, there is no reason for the United States not to cut interest rates.
If nothing unexpected happens, they will not be able to withstand two more sets of falling inflation data. Tangren predicts: the market's expectation of a rate cut has increased from only one this year to two this year, with the first rate cut in September. These are all the result of changes brought about by the data.
The favorable factors at the macro level in the second half of the year will become increasingly clear. With the arrival of interest rate cuts, the end of the general election, the payment of the halving benefits, etc., if you don’t stock up some spot goods, you will really have no chance.
If you really don’t know what to buy or how to buy it, add a follow, find an assistant, bring your friends, and eat meat together. (Reminder: today’s essence is in the Tangren Strategy section at the bottom)
Tangren’s interpretation of the market
Dabing: Dabing has taken advantage of the pull-up of Auntie to get out of the high of 72,000. Yesterday's analysis pointed out that it is currently a bull market. In this round of shock adjustment, it can be said that the cleaning is relatively clean, and a large amount of supply has been consumed. Therefore, Dabing did not experience strong selling pressure after breaking through 70,000, and the callback range was also very small. From today's trend, it can be seen that the level above 70,000 is gradually stabilizing. Continue to hold positions and observe, waiting for the start of the second half of the bull market. The upper pressure is 72,500 and the lower support is 69,750.
Auntie: Affected by the positive news, Auntie broke through the 3500 heavy resistance range in one fell swoop, and even broke the upper track of the Bollinger band to move out of a new trajectory line. The price came to around 3785. There is a need for a callback at the 4-hour level. When the positive news is exhausted, the market will fall back. The key point is still to see the approval result on the 23rd. Don't be anxious and let the bullet fly for a while. The upper pressure is 4000 and the lower support is 3600.
In terms of copycats: Today, the Yitai series has skyrocketed, with Yitai pledge, domain name, L2, etc. all rising by more than 30%. The current market sentiment is already quite high, and copycats may usher in a new round of vitality. Tangren suggests that choosing copycats must meet the following requirements: first, full circulation; second, low valuation; and third, hot targets.
Tangren talks about strategy
Strategy 1: The entry price of SSV in ambush on May 16 was 38.9, and the current price is 46.6, up 20%. The performance is good and continue to be observed. SSV: 400 million US dollars are basically fully circulated, 90% circulation, and it has relatively high potential in the pledge sector. The short-term target is 54 and the long-term target is 180.
Strategy 2: Ambush W on May 18, entry price is 0.56, current price is 0.566, it is still in the process of exerting strength, continue to observe the next trend, target is 0.8.
Strategy three: (new) May 20, ambush wld, entry price 4.8, current price 5.1, today’s increase of 7.8%, the performance is OK, continue to observe, short-term target 8.5, long-term target 21.3.
The article has a time limit. The real-time strategy of each day will be announced in the Tangren Strategy Group. If you are interested, follow Tangren, Jiazuo Wei, and leave your ideas in the comment area. Let’s play and make money in the crypto circle together.
The essence of Tangren’s trading strategy: The first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
