In the cryptocurrency market, there are two common misconceptions: one is that Bitcoin is still sucking blood from altcoins; the other is that altcoins will pull the market together. However, these two views are not correct.
For the first misconception, the current BTC rises while altcoins do not rise, and the market sentiment is not high. Judging from the two waves of market conditions in 2023, Bitcoin and altcoins are usually in resonance with the same frequency. Here, altcoins are not not rising, but waiting for Bitcoin to break through, such as breaking through 68,000 and the new high. When the certainty after the breakthrough is stronger, altcoins will quickly follow up.
For the second misconception, the market situation in which altcoins on the entire screen are pulling the market at the same time may not reappear. Now it is more likely to be a sector rotation, which will last longer overall and have a higher success rate. In this market, old leeks may be more adaptable, because holding coins will have a chance to rise sooner or later, but it is not friendly to novices, and chasing ups and downs may still lose money.
So don't chase altcoins in the near future for the following reasons: When Bitcoin was trading sideways at 67,000 and 68,000, altcoins continued to fall. According to the data, the net selling of altcoins was large and the selling range was greater than that of BTC, which was suspected to be a continuous delivery. 1: If Bitcoin starts a new round of main rising wave, it is likely that Bitcoin will absorb blood and rise, and altcoins will not rise much as mentioned above. 2: If Bitcoin is not stable and falls back with Russell 2000, altcoins will probably bleed into a river. 3: The next operation strategy: 3.1: If you are more aggressive, you can consider selling altcoins and buying Bitcoin. 3.2: If you are more conservative, you can consider selling altcoins and waiting for Bitcoin to fall back, and then buy altcoins with better elasticity, such as PEPE, WIF and other targets. In any case, it is best not to blindly chase altcoins in the near future. It should be emphasized that this article is for reference only and does not represent investment advice. The cryptocurrency market is highly risky and uncertain, so investment should be made with caution.
When I heard a serious reporter from the Wall Street Journal pronounce DOGE in a professional broadcast tone during serious news, I laughed my ass off. I couldn’t believe that all this started with a meme.
BTC: As An Xin said, the upward trend from the early morning yesterday to the daytime was all about inducing shorts and accumulating the strength of the upper air force. And the temptation is not ordinary strong. After the subsequent rise, the liquidation strength of 90215 even reached 129 million; the liquidation strength of 90346 and 90678 also reached 115 million and 114 million respectively, which fully served as the fuel for the upward movement. After the big cake broke through the new high of 93421 and retreated to 90,000 and stabilized, 91782 had another 79.48 million short liquidations. Now the liquidation strength of 85817 has reached 105 million, and there will be signs of inducing more during the day.
If the range oscillates from 90100 to around 91700 and down to around 88500, it belongs to the safe area, and it can be operated in this range during the day.
After all, there is still a situation where the pin 85,000 is allowed to appear! The recent situation is a double kill of long and short positions. If the intraday spike of 85,000 occurs today, Anxin believes that the benefits outweigh the disadvantages. When there is enough fuel, it will continue to absorb and absorb, which will be more conducive to breaking new highs and attracting fresh blood from outside the circle.
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BTC Market Review: Last night Anxin mentioned that 85888 serves as a base, looking up to 90400. In reality, it rose from 85785 to 89920. Just a few minutes after posting, at 21:30, the 15-minute line closed at 85785, and it again tested this position after 24:00. During the two tests of this fluctuating range, there was a continuous influx of bulls; the large number of bulls entering led to the liquidation intensity at 85764 constantly increasing, from 78 million at 24:00 to 99.81 million at 03:00. At this point, it gradually reached a high point of 89920, and the liquidation at the position of 90214 increased from 90.7 million to 122 million. With just 300 points away from reaching a strong liquidation position, one can't help but question. Is this another trap to induce short selling? This behavior formed a double top at the second high point, contributing to a bearish sentiment. Here, if you want to operate during the day, you can short on rallies. Be mindful of risk control with a 1% stop loss; don't lose perspective!
"The Tortoise and the Hare" was once a famous trader! He persisted in shorting on the road of trading, and the final loss exceeded 3 million US dollars. The lead trader only brought numbers, but the followers lost real money!
Two months ago, he was still at the peak of his popularity. He could easily reach 1,000 followers without calling for them, and the scale of funds he controlled was more than 10 million US dollars, ranking first in the list of funds. What is puzzling is that under such a huge loss, the number of his followers still remained at a full capacity of 500.
"The Tortoise and the Hare" has a special liking for short trading in terms of trading style. In the currency circle, going long or short is the choice of investors themselves. Focusing on a single direction is theoretically more firm in one's belief than those who kill both long and short. After all, the price trend is not always a vertical unilateral market. Even in a very obvious upward trend, there will be long-short games or small range corrections brought by retail investors. But he has a fatal trading habit - he is addicted to carrying orders.
Although he has successfully turned the tide and turned losses into profits by taking risks by carrying orders several times. But we must understand that carrying orders often leads to liquidation and loss of all money. I am not here to gloat over others' misfortunes. I just think this is a profound warning to you and me!
Look at this simple and cruel logic of wealth evolution: From 1 to 2, 2 to 4, 4 to 8, 8 to 16, these numbers seem to be skyrocketing in geometric series, but no matter how you change, it only takes one failed carry order to return to zero.
Important data will be released tonight: US October quarterly CPI annual rate data, US October quarterly CPI annual rate data if in line with expectations, given Powell's slowdown in interest rate cuts at the beginning of the month, this policy direction will be strengthened. From the perspective of liquidity, the slowdown in interest rate cuts has reduced the amount of funds flowing into the Bitcoin market, and institutions may adjust their strategies, causing downward pressure on its price; From the perspective of market sentiment, bullish investor confidence has been frustrated, which may trigger a sell-off. So will the slowdown in interest rate cuts be a blow to BTC? Will BTC pull back accordingly?
BTC Market Review: Last night Anxin mentioned that 85888 serves as a base, looking up to 90400. In reality, it rose from 85785 to 89920. Just a few minutes after posting, at 21:30, the 15-minute line closed at 85785, and it again tested this position after 24:00. During the two tests of this fluctuating range, there was a continuous influx of bulls; the large number of bulls entering led to the liquidation intensity at 85764 constantly increasing, from 78 million at 24:00 to 99.81 million at 03:00. At this point, it gradually reached a high point of 89920, and the liquidation at the position of 90214 increased from 90.7 million to 122 million. With just 300 points away from reaching a strong liquidation position, one can't help but question. Is this another trap to induce short selling? This behavior formed a double top at the second high point, contributing to a bearish sentiment. Here, if you want to operate during the day, you can short on rallies. Be mindful of risk control with a 1% stop loss; don't lose perspective!
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BTC: The big pie directly spiked to 85500 in the evening, exploding 92.31 million, and this morning Anxin speculated that there would be a spike first and then a bait for shorts, but the result was a bait for longs first and then a spike. Many people may wonder, what difference does this order make? Of course, the most straightforward and simple difference is that if there is a spike first and then a bait for longs, it can lead to more accumulation of short positions and build up greater short strength, and it is also in a safer position above the six-hour line closing price. This can mobilize a significant market sentiment, making it more favorable for the big pie to break through and retrace. Now this operation combined with the current trend is more beneficial for the shorts. Currently at 90214, there is a liquidation intensity of 90.7079 million, and at 90669 there is a liquidation intensity of 87.1129 million. Of course, this does not exclude the possibility of market makers being involved. So will our next thought process be very simple? Taking 85888 as the base point, support this position and look for a long position up to 90400. If it breaks down, this trend ends, and we look directly at 80000.
BTC: The big pie directly spiked to 85500 in the evening, exploding 92.31 million, and this morning Anxin speculated that there would be a spike first and then a bait for shorts, but the result was a bait for longs first and then a spike. Many people may wonder, what difference does this order make? Of course, the most straightforward and simple difference is that if there is a spike first and then a bait for longs, it can lead to more accumulation of short positions and build up greater short strength, and it is also in a safer position above the six-hour line closing price. This can mobilize a significant market sentiment, making it more favorable for the big pie to break through and retrace. Now this operation combined with the current trend is more beneficial for the shorts. Currently at 90214, there is a liquidation intensity of 90.7079 million, and at 90669 there is a liquidation intensity of 87.1129 million. Of course, this does not exclude the possibility of market makers being involved. So will our next thought process be very simple? Taking 85888 as the base point, support this position and look for a long position up to 90400. If it breaks down, this trend ends, and we look directly at 80000.
The trend of this coin $SEI is very similar to bome, both are moving beautifully. It is currently at a critical position, current price 0.499, once it breaks through, the future is limitless, soaring to the sky. The predicted timeline is relatively long, expecting to increase 2-3 times in three to five months. Operation suggestion: Spot trading can enter the market in portions, laying down one hand. Contract trading should control the risk yourself!
$BOME has seen the story, brothers. Their behavior is short and ferocious, and after being trapped and beaten, they indiscriminately attack related posts in the square.
Regarding the post made by the blogger on October 31st about the wealth password 'bome', there was a drawing of bome in the post that showed a downward trend, followed by a sharp rise, indicating to diversify entry. At the time of the post, a wave of resentment was felt in the comments section. Today, a retrospective post confirms the blogger's perfect validation of the subsequent trend of bome. Today, I felt the manifested malice of the square's losers and haters. They are not buying bome because of the blogger's post; they are just a group that has suffered from bome's beating. They are venting their ignorance and incompetence freely in the square. I believe there are more than one blogger in the square who has experienced this kind of emotion. Let me say this: with their current state unchanged, do they still want to turn things around? I also wish them to find a suitable way to achieve financial freedom soon! Of course, the malicious attacks the blogger suffers without cause will be retaliated against. #BOME🔥🔥🔥
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Bullish
$BOME Long-term bullish Spot can be arranged now After the cleaning by market makers, only the big player remains in the BOME batch, next we will finish the small bull flag, then make a small pull-up and test the remaining voices on the car, after testing we will need to start taking action Operation suggestion: Pre-position, enter with divided warehouses. Hold on!
$JASMY Last night also welcomed a pullback, are there any brothers who got on board during the pullback? Give a magical price point for the brothers to observe😁. Yesterday, spot could be entered at market price,
It's not too late to enter spot now. Current price 0.023
This Binance coin looks 3-5 times! Spot trading, haha. I'm afraid you can't hold on to the contract
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Bullish
$JASMY Introduction: Jasmy is an IoT platform that can securely and effectively manage the data sent from IoT devices. Jasmy provides client companies across various business fields with the development environment needed to implement IoT services, allowing client companies to analyze and utilize the data from IoT measurements, thereby contributing to the creation of new value-added services. JASMY is its native functional token used as the payment currency within the data platform. Market Cap: $1.102 billion Circulation: 50 billion Circulation Rate: 97.8% Current Price: $0.0224, there will be a pullback later, and the pullback is a good opportunity to enter Operational Advice: Bullish, buy at current spot price, wait for a slight pullback for contracts.
$BOME I repeatedly emphasized at the time, hold on, hold on, but you just wouldn't listen. When I told you to diversify your positions, you went all in, When I told you to hold, you ran away. It's not that you want to make a quick profit, you want to eat up an entire exchange to feel satisfied. Every day you're thinking about day trading 🙄, take a loss and you sigh 🙄.
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Bullish
$BOME Long-term bullish Spot can be arranged now After the cleaning by market makers, only the big player remains in the BOME batch, next we will finish the small bull flag, then make a small pull-up and test the remaining voices on the car, after testing we will need to start taking action Operation suggestion: Pre-position, enter with divided warehouses. Hold on!
$JASMY Introduction: Jasmy is an IoT platform that can securely and effectively manage the data sent from IoT devices. Jasmy provides client companies across various business fields with the development environment needed to implement IoT services, allowing client companies to analyze and utilize the data from IoT measurements, thereby contributing to the creation of new value-added services. JASMY is its native functional token used as the payment currency within the data platform. Market Cap: $1.102 billion Circulation: 50 billion Circulation Rate: 97.8% Current Price: $0.0224, there will be a pullback later, and the pullback is a good opportunity to enter Operational Advice: Bullish, buy at current spot price, wait for a slight pullback for contracts.
$JASMY Introduction: Jasmy is an IoT platform that can securely and effectively manage the data sent from IoT devices. Jasmy provides client companies across various business fields with the development environment needed to implement IoT services, allowing client companies to analyze and utilize the data from IoT measurements, thereby contributing to the creation of new value-added services. JASMY is its native functional token used as the payment currency within the data platform. Market Cap: $1.102 billion Circulation: 50 billion Circulation Rate: 97.8% Current Price: $0.0224, there will be a pullback later, and the pullback is a good opportunity to enter Operational Advice: Bullish, buy at current spot price, wait for a slight pullback for contracts.
$BCH The last password given last night has now increased by 15%. Those who followed along are reaping the rewards, I said once it breaks through, there’s nothing to fear, If you really lack confidence, feel free to ask me, hesitating only leads to defeat? Everyone in the comments said it’s a guaranteed win.
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Bullish
$BCH Continuous increase in volume, the 15-minute line has already formed a golden cross, and an upward trend has emerged. Now breaking 379 shows a clear upward trend, the next target is 393, breaking 393 will lead to a direct surge. The target direction has been stated, stop loss settings depend on your leverage tolerance. Trading suggestion: go long at the current price
SUI Brothers who placed orders have all made a big profit, mentioned on November 7th that new highs should be watched Click to follow, further updates will be pushed out.
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Bullish
SUI reached a high of 2.378 last night, and this morning it was 2.385. If you got in at the given points yesterday, you would have at least captured a five percent swing. Looking ahead, it seems to be rebounding; get in when it reaches the target, and observe if it doesn't reach the target.
$BCH Continuous increase in volume, the 15-minute line has already formed a golden cross, and an upward trend has emerged. Now breaking 379 shows a clear upward trend, the next target is 393, breaking 393 will lead to a direct surge. The target direction has been stated, stop loss settings depend on your leverage tolerance. Trading suggestion: go long at the current price
TON Series General Increase The rebound strength of DOGS is slowing down, short it!!! Recommended entry positions: Current price 0.000612, 0.000615, 0.000620