Bitcoin continues to siege cities and land, but altcoins do not move. The logic analysis behind it
According to inter-chain pulse data, as of August 5, the total monthly financing of cryptocurrencies in 2019 was basically maintained at between 200 and 300 million US dollars (except for the IEO project LEO, which Bitfinex released 1 billion US dollars in May, which resulted in total financing Amount surge). butIn July, the total financing amount of ICO, IEO and STO in the cryptocurrency market was less than 100 million US dollars, fell to 48 million US dollars, a month-on-month decrease of 83.13% from June. Among them, there is no case of STO financing completed.
The problem reflected by this data is obvious,The lack of funds in the digital currency market is serious, Even the amount of financing for various models is very small, let alone the funds in the secondary market. As for why the money does not flow in, from the financing side,It's not that there is no funding, but that the funding lacks confidence in new projects, The era of flocking to funds by simply creating concepts and strong publicity and promotion is over.
For the currency circle, it is now a competition for stock funds (except BTC), especially after the IEO model came out this year, the funds of retail investors are more scattered and blind. The volume of the currency circle is already small, so there is no room for so many new currency sales, which leads to a further shortage of funds. For these IEO projects, if they are really as good as they preach, it will be the turn of retail investors to grab chips, which will have been divided up by traditional institutions. can only sayMany projects have nowhere to go. They really can’t raise money through traditional channels. They don’t want to die, so they come to the currency circle to package them, change their shells, and sell them to retail investors.
As for the small amount of financing, they are all learning from Xiaomi’s hunger marketing routine. Retail investors think that there are few chips and it is easy to pull the market, but they don’t know that for the project party, if they can sell it, they will have to celebrate it. And those that are not sold will be sold on the secondary market.The so-called locked position, when to unlock it, does not exist, it is just a cover-up, the project side sells it secretly, and sells it with tricks, it is impossible to count.A bunch of cheap bargaining chips were taken by retail investors as sweet pastries. As a result, the price of the currency fell all the way, and it was even more counterfeit than counterfeit coins.As long as there is a rebound, it is a good opportunity to ship. It is a race against time. If you hesitate a little, you will be lost。
In fact, judging from various platform currencies, as well as many model currencies and innovative routines since this year, they canIt comes down to the lack of money, and they all play a routine: lock positions. Unscrupulous lockups, control the circulation and prevent retail investors from selling, so that when doing things, they will face less selling pressure. The altcoins that don’t engage in things are all dead, and those who are not dead are all lingering, only hanging on their breath.
The project party locks up a large amount of coins from retail investors, and then seeks capital cooperation to pull the market, attracting retail investors to chase up the price crazily.There are still so many coins in the market, but one or even several rounds of harvesting have been completed, and wealth has been successfully transferred from retail investors to project parties and institutions. As long as retail investors who lack the ability to escape from the top and hesitate a little bit are harvested, this iscruelty of the market。
This is also the reason why altcoins follow the decline but not the rise.The market is too short of money. For Bitcoin, this problem does not exist. Since the beginning of this year, the world's macroeconomic turmoil and geopolitical disputes have continued, Bitcoin has gradually become anA tool used to hedge risks and a financial target for value storage, coupled with the accelerated compliance process of BTC and its financial derivatives (futures, etc.), BTC is increasingly favored by institutions and funds, and its upward momentum is good. This isOperation suggestion:。
Operation suggestion:
BTC: According to yesterday's analysis, Bitcoin is in the upward trend of stage 3, and there is a tendency to accelerate its upward trend. andOnce the market trend is formed, it is difficult to reverse in the short term, so it is not recommended to be blindly bearish. The market has indeed come true. After breaking through 11,000 US dollars in heavy volume yesterday, although it started a slight retracement after hitting the highest price of 11,929 US dollars, it was strongly supported by the MA30 hourly moving average. Today, it rose again in heavy volume, breaking through 12,000 US dollars strongly.
This is the main force's style of play, the offensive is extremely fierce, the so-called pressure position does not exist, just use the amount to overthrow it and it's over, the bulls are very strong. In this case, don't go short at will, just follow the trend.Even if you want to be short, you have to wait until the strength of the bulls is exhausted and the successor is weak, now is not a good time. The short-term support level is in the range of 11,700-12,000 US dollars, and the upper pressure range is 13,000-14,000 US dollars. If you want to buy the bottom, wait for the callback to open a small amount of positions. At the current point, it is not recommended to chase the stud. The bull market will not come all at once. The current trend is regarded as another wave of rebound for the time being.
ETH: A small amount of energy was released on the disk, and it followed the rise, but the increase was limited. The pressure of 240 US dollars is ahead. Let’s see if it can break through. After the breakthrough, there is hope to open up the upward space, and we can see the range of 275-300 US dollars. Short-term chips, pay attention to stop loss when it falls below $220.
LTC: The dealer took advantage of the halving of LTC last night to carry out a wave of reverse operations, harvesting a lot of empty futures orders, and the market once surged, but then the currency price fell to the normal range. In the short term,The impact of halving has been eliminated, follow the trend of the market. In a short period of time, 100-110 US dollars is still a pressure range, and the selling pressure above is still relatively large.
BCH: The hourly line fluctuated upwards, from $300 to the current $350. But from the perspective of quantity, it is still relatively scarce, and the upper part is 350-370 US dollars as the shock range.
EOS: The rebound is weak, but the selling pressure is severe. At present, it is still fluctuating in the range of 4.4-4.5 US dollars. In a short period of time, there is an urgent need to break through the upward range. If the volume is not large, wait and see.
XRP and TRX: The rebound is weak, it is not recommended to operate in a short time, continue to wait and see.
Platform currency: BNB has fallen into a high and volatile trend, and it is difficult to break through the pressure level of 40 US dollars; HT and OKB continue to make efforts, HT is facing pressure of 5 US dollars, OKB is facing pressure of 3.5-4 US dollars, and the short-term volume is not very strong; As GT said before, US$1 is the pressure level, and we will continue to wait and see until we fail to break through in large quantities.
The big pie has risen for several days in a row, but the rise of altcoins is still limited, and the market is relatively weak. It is recommended to watch more and move less. If the altcoins you hold have a rising trend, it is recommended to escape from the top on rallies, and don't have too much expectation. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
