Regarding the sharp drop in the early hours of October 26th Beijing time, there are claims that USDT was sanctioned (the Wall Street Journal personally stirred up old rumors), and others say it was due to Israel's attack on Iran (the timing matches, but the impact does not), as well as various other FUD voices.
All of this seems more like buildup before a surge.
Over the years, we should be accustomed to the importance of judging the fundamental trends. Unless it's a black swan event on the level of a (fake) pandemic, general disruptive factors are minor ripples, secondary. Major fundamentals like halving, interest rate cuts, and ETFs are decisive.
Fake news from the media and statements made by large institutions for their own interests may sometimes create short-term effects, such as severe fluctuations for one or two quarters, but we must not forget the larger direction.
Similarly, various financial markets have long been battlegrounds of unrestricted warfare, where powerful news creators (like shareholder meetings, regulatory bodies, and insider trading) can produce completely opposite guiding narratives for profit. We must keep our eyes wide open.
The fud sentiment in the market comes and goes. They say there is no bull market anymore, complain that VC coins are different from the previous two rounds, and are just for profit. They also say that animal MEME is worthless.
Don’t listen to the nonsense, remember what Livermore said, just find the direction of least resistance.
ds intends to change the direction of the Fed. First, prepare to cut interest rates, that is, prepare to create a bubble in the financial market. They want to absorb funds before creating the bubble. This is one aspect; Second, start to release dovish information. Dovish information means admitting that the Fed has failed comprehensively in the past two years of stagflation. The interest on US debt cannot be paid back. Financial tycoons continue to push up US stock indexes (currently there is a huge demand for a correction), the real economy is in a mess, and international trade crises are numerous; Third, only by releasing bad economic news can interest rates be cut. Bad economic news will cause a sharp drop in the short term. The period of 2019-2020 was similar to the above three tricks. The younger brothers who look at the Fed's face also have the same routine. The boss said that the bad economic news would be released, and the next step is to cut interest rates, and the younger brothers must follow. So the financial market is converging.
The main reason for this decline is the correction demand caused by the U.S. stock market's counter-trend rise in a stagflation environment, coupled with the chaotic economic fundamentals and a serious crisis in international cooperation.
Most KOLs are bullish on BTC, however, since the weekly callback trend has been established, it is expected that the daily callback of Bitcoin will stop rising near the middle track of the Bollinger Band, with an extreme price of around 42919.
Coins such as AVAX ICP want to follow an independent market, just like SATS ORDI the day before yesterday. Short whichever one rises sharply.
Repeat the current position: rising middle of the month, falling early of the week, rising end of the day, falling early of 4H, and falling early of 30M.
Use the staggered positions to find trading market through resonance.
The key lies in the 4H divergence. The impact is the greatest, followed by 30 minutes.
#TradeNTell A truly dedicated trader must be lonely.
When you have been preparing to go short for a long time, but you miss it due to certain factors, only you will know the regret.
At this time, you must digest it alone, whether it is exercising, reading, or keeping an eye on the market.
If you tell others, they will definitely say: Where is this talent? There are no opportunities.
Although you know in your heart that he means well, you still can't help but want to complain: You know nothing, such a God-given opportunity may not come to you once a year.
The incomprehensible joys and sorrows are even more depressing.
#TradeNTell Let me remind you to pay attention to a phenomenon: At 21:00 Beijing time, which is 8 a.m. New York time, the market movement began to increase. Especially Thursday and Friday. You can review the trends of the past two weeks and observe the differences on Thursday, Friday, Saturday and Sunday. In addition, a group of altcoins rose to highs in late November and early December, and another group rose to highs in late December and early January. The former takes PYTH as an example. It took about 1.5 months to adjust to a buy level, and it has been in an upward channel recently. This currency is suitable for buying and holding during the period when Bitcoin adjusts to the bottom of the 1H level and rebounds, and earns a band. . If the latter operates in this way and the stock price rises and then falls, the level must be controlled within a smaller range. If it is not an ascending channel, but a descending channel, you must be cautious, otherwise it will be a waste of time in sideways trading.
#TradeNTell #BTC Have a great Saturday! There is no work in the United States on weekends, so the market may seem boring. Bitcoin is likely to trade within a tight range. Altcoins are getting a breather. Although the negative premium of Grayscale has narrowed to close to 0, the selling pressure still exists because of other profit makers, especially miners. It will test below 40,000 in the future. Therefore, you can consider going short or reducing your position during the highs in the past few days. When we try to fall below 40,000 again next week, it will be time for the differences to be resolved. I predict it will fall below. Yesterday, the METIS buy signal never came because it was a V-reverse after falling without divergence. I missed this kind of trading opportunity because, on the one hand, I am not proficient in the theory, and on the other hand, I have the consciousness that I would rather miss it than be trapped in the falling market. Avoid bargain hunting on the mountainside, where both advantages and disadvantages appear. Opportunities are everywhere, stay patient and take action on time.
#TradeNTell Let’s talk about how we should lay out the situation after the altcoin correction.
Bitcoin’s pullback has driven altcoins lower. What should we buy after Bitcoin stops falling? Based on the following principles: 1. Give priority to new currencies, such as manta, which have not been demonstrated yet. 2. Give priority to those that have surged recently, such as SOL ecology, EVM concept, L2 concept, and ROLLUP concept. 3. Give priority to buying one or two at the mid-day line level, which just catches the opportunity for Bitcoin to stop falling. It may be less, 4H is also ok. 4. Don’t choose those that ordinary companies can do well in daily life. For example, NFT, football club, etc.
#TradeNTell #Manta Let’s talk about MANTA again. Many people have a misunderstanding, that is, they think that I don’t know that the new currency will plummet when it is listed. This is common sense and does not need to be repeated. Coupled with the BTC correction, you need to be even more careful. The reason why I call for MANTA is to let everyone take a long-term view, take advantage of the low-price stage of new currency issuance, superimpose the dual effects brought about by Bitcoin's decline, and buy manta at the bottom, because most people only know that MANTA is famous, but don't know how. Calculate its market capitalization. After the initial chaos passes, the manta will take off from the bottom. Is this bottom 1 or what? You have to read it while walking. At present, there are various possibilities. Because the value is undervalued, it is possible that the project team has already taken over and sold the coins in the hands of airdroppers. With the participation of Chinese people in this project, the uncertainty will increase. But if the currency price is around 2.2, it is definitely seriously undervalued in the bull market.
#Manta Friends, hurry up and buy manta, the stock index is seriously undervalued. The total amount is 1 billion, the total market value is only 2.6 billion, and the benchmark OP is 15 billion. Let’s consider it. I've already studded.