The market has been falling since the beginning of August. Is it a wash or destruction? At present, there is no obvious signal of stopping the decline in the big cake. Affected by the overall environment, no technical indicators can be used as a reference. Japanese stock futures triggered circuit breakers again. Jump Trading's selling behavior. The situation in the Middle East is tense. Many people have panicked and fled, and large investors have been liquidated. Global stock markets have generally plummeted. The United States and Japan have plummeted continuously. These are the main reasons for this wave of decline. Now I am hoarding some coins, waiting for the decline to stop and then selecting some good strong coins to ambush. The specific details of the entry will be shared in a small circle. Once this entry is successful, how many times will the upper space be? Welcome to verify together! VX: Fybggs18
Important news and market analysis on August 17📊 1. This week, the US Bitcoin spot ETF had a cumulative net inflow of 32.4 million US dollars, of which Grayscale GBTC had the largest net outflow, with a net outflow of 195.2 million US dollars during the week, and BlackRock 1B1T had the largest net inflow, with a net inflow of 71.1 million US dollars during the week.
The overall net inflow shows that big capital is still bullish. This week, the price fluctuated violently, but today the price returned to 5w9, indicating that the bulls are still very strong. This week is just a wash, and the market panic index of 25 shows that the dealer has also achieved the effect of washing most people off the car.
It is expected that after the cleansing this month, in conjunction with the speculation of the interest rate cut in September and the ceasefire in Gaza, a violent bull market will come. The previous high of about 7w will be seen first
2. Market analysis: This week, BTC began to fluctuate violently after reaching the resistance level of 6w2. The wash has been very serious in recent days. Last night, there was a rebound and rose to about 5w9. At present, we are paying attention to the resistance level of 60800 above. If it rises and stabilizes this position, it will usher in a substantial rise. If it does not rise, the market will still fluctuate.
3. It is recommended to do more at around BTC58300-58600. If you see 6w-6w2, stop loss 57500
1. Cycle formation (1) K-line is a concept of price space, which is the price change trend, range, rise and fall status and energy strength of the trading object within a specific period of time (2) Any time period can be used as a K-line time cycle unit, which is also the basic premise of the existence of K-line
2. Cycle transmission and influence (1) The large cycle level trend evolves from the small level trend (2) The small cycle trend is the influencing factor of the large cycle trend (3) After the large cycle trend is formed, the overall trend of the small cycle fluctuation must obey the large trend
3. Three-cycle principle (1) The trading core of the cycle theory: follow the big trend and go against the small trend (2 ) Cycle framework classification: the entire cycle is divided into three cycles: large, medium and small
(3) Cycle application -When the large and small cycles rise (fall) at the same time, the medium cycle moving average reaches the support and pressure level, which is a single signal -When the large and small cycles are reversed, wait patiently -When the large and small cycles rise (fall) at the same time, a top and bottom divergence signal appears in the medium term, hold but do not chase
4. Cycle selection in different markets
(1) The three-cycle principle is in a similar multiple relationship: for example, they are in a 4-fold relationship with each other
(2) Three-cycle selection (example) -Large cycle: hourly line -Medium cycle: 15-minute line -Small cycle: 5-minute line (3) In principle, the choice of the medium cycle should be able to support your selling behavior. The more flexible the market connection, the more flexible the cycle selection
Will BTC break through 100,000 USD by the end of 2024?
First, the US economic recovery is weak, and the global radiation capacity is getting weaker and weaker. In the second half of the year, the weak dollar policy will be launched to stimulate the economy.
Second, after BTC falls below 40,000 in the second half of the year, it will fully release the short pressure.
Third, the interest rate cut policy will fully ferment in the US stock market, releasing a large amount of liquidity, and the altcoin will exceed 3 trillion.
Fourth, Bitcoin is the last chance for ordinary people to turn over. If you miss it now, you need to wait for 10 years. How many decades do you have in your life?
Fifth, within a powerful country, the situation will become more and more difficult. Turn over as soon as possible and benefit as soon as possible.
Newcomers should not be frightened by fear, the cryptocurrency circle is still the last weapon for ordinary people to turn around
After 3 months, most of the altcoins will collectively double, and the cryptocurrency circle will be bustling.
Ordinary people often don't have much thinking ability. The higher the price of the currency, the more they follow the trend to buy. Even if the price rises to the sky, there will be more and more people taking over.
On the contrary, if the price of the currency does not rise, everyone feels hopeless, and the market will become deserted.
Short-term wave #RARE
The best strategy in the current market is to build a position at the bottom and ambush
Nine principles of the cryptocurrency circle, understand them and avoid three years of detours:
1. Don't be easily deceived by low-priced chips, be firm in your faith, and prevent the dog dealer from knocking and smashing the market;
2. Chasing up and killing down, entering and exiting with full positions are always taboos. The general trend is favorable. Building positions in batches when the market falls has lower risks, lower costs, and greater profits than chasing up;
3. Reasonably allocate profits and maximize the release of funds, rather than constantly adding positions;
4. When the market rises sharply, sell the capital, and when the market falls sharply, keep the currency. At any time, you must have a positive mentality, do not speculate, be impetuous, be greedy, be afraid, and do not fight unprepared battles;
5. The ambush or private placement of low-priced coins in the front is to rely on experience and bet on the future of the coin with the dog dealer. The secondary market game in the back is a process of following the dealer based on technical aspects and news. Don't put the cart before the horse and end up in a mess.
6. When building a position or shipping a product, you must divide it into different levels, and gradually open up the price level to effectively control the ratio of risk and profit;
7. Be familiar with the linkage effect, and pay attention to the market trend of other coins. Each coin is not isolated in the market. It seems that there is no connection, but in fact it is intricate. The linkage effect requires understanding of the coin and making full use of the consulting tool APP;
8. Reasonable allocation of positions, reasonable allocation of hot coins and value coins, and attention to the pressure resistance and the ratio of profit intake. Being too conservative will miss opportunities, and being too aggressive may face high-risk risks! The biggest feature of value coins is stability, and the biggest feature of hot coins is violent volatility. It may rise to the sky or return to zero in one battle.
9. Idle money investment is the foundation. Having coins on the market, oil in the account, and money in the pocket is the safest and most secure standard. You can't go all-in. The grasp of risk control and the reasonable allocation of funds are the key to determining your mentality and success or failure.
If you want to enter, go to the left picture - enter just after the rebound.
Hesitantly wait until the right picture, and then ask me if I can enter, how do I answer 0.0
The profit and loss ratio is not the same thing, and I am not the kind of person who likes to enter the market in the middle, which makes less profit and easy to get beaten.
Why do we shout about the bull market every day, but in fact we lose more than before?
1. In the past, there were fewer tracks, fewer coins, and the market value was low, so you could make money by holding on to them!
2. Now there are more tracks, more coins, and higher market value, so holding on to them has no future!
3. Sometimes we need to change our thinking and divide the big goals into many small goals!
4. If you can make money every day, you will surpass many people. No matter how much or how little you have, you can try to abandon the idea of pattern!
5. If you have to have a pattern, you can configure some Bitcoin and Ethereum!
About the general direction of the cryptocurrency circle
1. With the arrival of the Fed's interest rate cut cycle, the bull market is still there and may start about a month after the interest rate cut.
2. I personally think that we should not compare this bull market with the bull market in 2021. There will be a big difference. Not only the structure of the currency, but also the structure of time may be more serious.
3. The whole round of market transactions is quite difficult. To be precise, since March 2024, the market has entered a volatile market. The difficulty level of transactions has risen from bronze to king level. The purpose of volatility is to let us return the money earned in the trend.
4. It is important to wait for the native narrative of the cryptocurrency circle.
A summary of the most important secondary market catalysts. It is recommended to collect and track them patiently because:
The strong\mainstream projects in this round of market are finally taking action.
1. $ENA, Ethena has been launched on Solana through LayerZero.
It has been integrated into Kamino, Orca, Drift and Jito.
2. $RPL, RocketPool is voting to update its token economic model. Currently, more than 99% of people support updating the token economic model.
3. $MKR Spark is a sub-DAO of MakerDAO that launched the Tokenization Grand Prix. Their goal is to introduce $1 billion in the tokenization of real-world assets.
4. Polymarket has partnered with Perplexity AI and will now add real-time probabilistic predictions from Polymarket to queries about events such as elections.
5. $ARB, Arbitrum DAO is voting to implement $ARB staking. There are no long-term profiteers for the $ARB opportunity except airdrop hunters, so more than 99% of the votes support the proposal.
6. $TIA, Celestia is about to undergo its first upgrade. The Lemongrass upgrade includes one-click Tia interaction with other IBC chains, cross-chain accounts, and new upgrade mechanisms.
7. $MKR, if you are an RWA investor, you must pay attention: $MKR has obtained a new single-asset crypto investment fund, Grayscale MakerDAO Trust.
8. $NEAR, NEAR Protocol launched the chain signature function, allowing users to sign any transaction on any chain from NEAR, which we can interpret as enhancing the interoperability of blockchains.
9. $BAL, Balancer released the CoW AMM, which is the first AMM to capture MEV and redirect it to liquidity providers.
10. $SEI, Sei integrates Secret Network's confidential computing layer to add a privacy layer to L1.
11. EigenLayer launched AVS Rewards, allowing AVS to provide rewards to stakers and operators, which seems to be the long-awaited incentive model for the staking narrative.
The current cryptocurrency market is not an incremental market, but a stock market.
The obvious feeling is that there are fewer and fewer people in the cryptocurrency circle on Twitter, and it is becoming increasingly difficult to increase followers. Is it because the market is not doing well and the cryptocurrency circle is finished?
Actually not.
It is just because the price of the currency is not rising.
If the altcoins just collectively doubled several times,
Then the number of people in the cryptocurrency circle will be ten times more than before.
Because ordinary people have no thinking ability.
The more the price of the currency rises, the more people will buy.
Even if you rise to the sky, there will only be more and more people who take over.
If the price of the currency does not rise, everyone feels hopeless and no one will leave.
The correct approach is.
The colder the market, the more you should buy.
The hotter the market, the more you should leave.
Most people do the opposite, so only a few people make money.
Let’s take a look at this round of market conditions. Now many people regard the $60,000 mark as the lifeline of the bull market. There are two main reasons:
1️⃣$60,000 is the top area of the last bull market and is also the neckline of the current technical form. Standing above $60,000 shows that the breakthrough of the big cycle is still valid;
2️⃣In this bull market, the turnover rate of Bitcoin above US$60,000 is as high as 375%. The costs of active investors in the market are basically concentrated in this area. Maintaining above US$60,000 is conducive to maintaining the offensive vitality of bulls.
Since February 2024, every time Bitcoin has fallen below $60,000, it has triggered a retaliatory rebound, and this adjustment is no exception, which shows that Bitcoin bulls still have the ability to defend and counterattack.
Therefore, regardless of whether a second bottom occurs or not, the mid- to long-term upward trend of Bitcoin remains unchanged.
In addition, ORDI and SATS in the big pie ecosystem have experienced significant corrections due to their excessive early growth. At the same time, currencies such as PEOPLE, BOME, and DOGE have gradually returned to their original prices.
Buffett has recently sparked buzz by selling about half of his Apple stock, worth more than $80 billion, and adding to his holdings of Chubb Insurance and Occidental Petroleum. On the other hand, Vitalik Buterin frequently transfers one or two hundred ETH from his wallet. It seems that after falling in love, he paid less attention to Ethereum.
Looking back not long ago, the interaction between Trump and Musk on Twitter Space triggered a large number of new coins on the chain, but very few were truly successful. It is no longer easy to operate in the secondary market, but the primary market is even more risky, and it may return to zero if you are not careful.
This market trend means buying big when it falls big and buying small when it falls. We only play with spot prices and not contracts! If you're ambushed, take it. This year is still a good trend
Two pictures tell you that the bull market is not over 1. Absolute decline: All bull markets, including the 19-year bull market, have a maximum decline of more than 50% within 5 months after reaching the peak. The maximum decline in this round is only 32%, and it is only 20% at present. The real peak is overwhelming and will not be so slow
2. Retracement range: All bull markets have a retracement of more than 61.8% within 5 months after reaching the peak. Even if this round starts from 25,000, the maximum retracement is only 50%, which is a very normal correction #美联储何时降息?
#BTC fell to 56k as expected and then rebounded to 59500. Can it rise further? -According to the tips of the previous two days, it rebounded accurately. -As shown in Figure 1, it fell below the lower edge of the range to lure out shorts, and then rebounded violently. -There is a lot of liquidity above 61800, because there are multiple previous highs that are flat, and above these highs are liquidity that has not been captured for a long time. -Here, if it can continue to stabilize at 58800, there will be a chance to touch 62-62.8k and then fall. -There is a chance to see Bitcoin at 51.8k next week. -In the medium term, look at 35k.
Ethereum is generally weak. It is currently running in the parallel channel of 2555-2626. Be cautious when placing orders in a volatile market. You can consider buying more when it falls back to around 2550. If it falls below the channel line, there is a shark pattern below, which is expected to be around 2528. If it falls below 2500, consider stop loss.
Both are currently in the middle of the box. At this stage, you just need to wait. Basically, those who have entered the market have entered the market at the support.
If you have made money, there is no problem in reducing your position to stop profit. If you want to continue to hold, you can start moving the stop loss.
When you enter the market, you are actually trying your luck. Technical analysis just selects a cost-effective entry position for you. When you enter the market, you mainly spend time waiting for luck to come to you. After all, you can't dominate the market.
Summarize the experience of the cryptocurrency circle for you guys!
1. Don't let go of low-priced chips easily, be firm in your faith, and prevent the dealer from knocking and smashing the market.
2. It is a taboo to chase the rise and kill the fall, and to enter and exit with full positions. It is lower risk and more profitable to build positions in batches when the price falls than to chase the rise.
3. Reasonably distribute profits, and don't keep adding positions.
4. Sell the capital when the price rises sharply, and keep the currency when the price falls sharply. Maintain a good mentality, don't be greedy, don't be afraid, and don't fight unprepared battles.
5. The positions and shipments should be layered and segmented, and the price segments should be gradually opened to effectively control the ratio of risks and profits.
6. Be familiar with the linkage effect, play the currency to see the market, and pay attention to the trends of other currencies at the same time.
7. Reasonably allocate hot coins and value coins, and pay attention to the balance between stress resistance and profit.
8. Only when there are coins in the account and cash on hand can you really feel at ease. Don't go all in, investing with idle money is the foundation.
9. Master the basic operations, learn to record, summarize, and cultivate the ability to screen and filter information.
When you give someone a rose, the fragrance will remain on your hand. Like, forward, and follow the homepage to discuss together! I wish you all achieve wealth freedom as soon as possible!
The trend of the cryptocurrency circle is full of uncertainty and challenges, but it also contains potential opportunities. When participating in cryptocurrency investment, investors should fully understand the relevant risks, remain calm and rational, and respond to market changes with a steady strategy! #美联储何时降息?
Recently, there is no big hot spot in the meme sector. It seems that there is a consensus of selective forgetting. Although meme tokens have no narrative and rely entirely on fomo emotional hype, the value is that there is no clear dog dealer to manipulate them.
Meme sector, community consensus, community governance, and big dealers entering the market, fomo emotional drive are also the root of meme explosion. It has entered a slack period.
It is also because of the current market and lack of liquidity that there are no meme tokens dominating the daily increase list like before, but it is still a key sector to pay attention to.
Here are some relatively good meme tokens:
1: $sats has good news in September, which has been said several times. As the leading currency of brc20, it now has more gas fees and handling fees. The narrative has begun to beat ordi and can be entered in batches. Now: 0.00*29
2: $people There is speculation expectation before November, and the current attention is also quite high. The daily line is near the meridian support and can be entered in batches. Now 0.051
3: $rats The popularity of Mouse has been rising slowly recently, and it is also the currency held by many community leaders. Recently, it has been rumored that Mouse has crossed the street and everyone wants to kill it. However, judging from the data, many of the sellers are small and scattered, and the holdings of large investors are relatively stable and there are signs of increasing holdings. The possibility of a sudden increase after the wash cannot be ruled out.
The above three are all in circulation. The current market value has relatively large space opportunities. It is only a personal opinion and no suggestions are made!
Some people say that BTC will reach 76,000 in September.
From the current K-line level, I think it is almost impossible, or to be more precise, it is almost impossible to rise directly to 76,000 before reaching a low point lower than 49,000.
Because the monthly line is a step-down structure, how can it be higher than the highest point of 73,000 in March? This logic is like none of us can go forward and backward.
73,800 in March is the ceiling of the current monthly trend, and the support below is 43,000. Without a needle test at 43,000, it is unlikely to go directly above 7w, and even 66,000 will be difficult to reach.
Those who simply understand that the interest rate cut in September will cause a big surge are all simple leeks.
At least for now, the 1-day MACD has not climbed to the zero axis, so what can it do to surge.
When most people are looking at the interest rate cut, it will surge, can it really surge? This surge is conditional. There will be a surge only after a sharp drop! The main players of the institutions are all watching this time point. They can easily beat you with unified actions in the short term.
If August closes with a negative, September will close with a positive. Let's get through August, which is dominated by shorts, first!
BTC is still in a falling structure at the daily level. If you don't get out of the falling structure, you can't enter the rising structure.
Although both long and short positions have opportunities in the short term, the risk of low long positions is slightly higher, especially on the day of the needle. Because when the daily line is in a downward trend, the rebound is a rebound of 30 minutes to 12 hours. Then the resistance at the daily level is like the Five Elements Mountain, and the height of the rebound has a predetermined ceiling.
Therefore, the short-term is mainly high-altitude and auxiliary low-long positions. The high-altitude and low-long positions are the same, and each position is only done 1-2 times.
Next week: There is basically information from Monday to Friday, which is destined to be very frequent. Needle every day.
Therefore, both long and short positions need to pay attention to risks in the short term. Don't be forced to close or stop loss because of the fluctuation of hundreds of points or one or two thousand points in the short term. Only place orders at suitable points, and leave the rest to time.
56000 has been pierced this week, and I have placed orders for the bottom-picking points below 56000.
It is best to use different accounts for mid-term (profit margin of more than 10,000 points) and short-term (12-24 hours) trading.