The logic of using news to speculate on coins is time to throw it away
Before we analyzed a currency, we mainly relied on the news. If the project is stimulated by good news, its currency price will increase. therefore,The sooner you know the news and ambush you in advance, the greater your benefits will be.。
generally speaking,For a project, the news that can promote the rise of the currency price includes the following categories：
The technical improvement and improvement of the project itself, such as the launch of the main network of the public chain, and the launch of APP products of application projects;
Project cooperation: cooperate with large companies on blockchain and application fields;
Top exchanges on project tokens: mainly Binance, Huobi, Upbit, Bithumb, Coinbase;
Token repurchase and destruction: means to reduce circulation related to token repurchase, lock-up, destruction, etc.;
The project is invested: the project is invested by a large institution, or obtains a large amount of financing;
Application of the project: the offline application of the project products, opening up the market, etc.
Through the early layout of these news, many investors have made a lot of money in the currency circle, but more of them are chasing ups and downs, but they are deeply trapped. visible,The same method does not benefit everyone. The key lies in personal investment logic and market thinking and decision-making.。
Especially this year, in "Bitcoin rises unilaterally, mainstream coins and altcoins collectively lose color"Under the general environment, many investors have discovered that the influence of the news is gradually weakening. In the past, the market that could promote the price of the currency to rise several times and last for several months may now be beneficial to the convenience of cashing out, or even have no impact on the market at all. This situation needs everyone's attention and thinking.
For example, ONT, a currency that dared to go against the trend of the market last year, has repeatedly followed the independent market. As long as there is good news, it will pull the market, but now it has fallen into a quagmire. From June to July this year, the first anniversary of the ONT mainnet launch, the official release of many great benefits, the launch of the shard test network, the creation of an open cross-chain platform with NEO, the cooperation with Opera and CoinLoan, and the opening of global Apple and Samsung Pay payments Wait, but there is not much performance in the currency price. Instead, it shrinks and falls, which hurts the hearts of many currency holders.
Another example is BTM, the peak was when the mainnet was launched last year, and then the price never returned to the high level at that time. In July this year, its side chain Bystack was officially released, and a consensus node voting process was held, and then the side chain was officially launched. The good news is still not reflected in the currency price, and the market cannot stop the downward trend.
There are countless cases like this, and the problems reflected are obvious.The previous logic of investing based on news has failed. Therefore, don’t have too many expectations for some progress of the project, version progress, cooperation, etc., and you need to be cautious when buying bottoms. Once you find that the momentum is wrong, you must know how to stop profits and stop losses in time.There is only one outcome of indecision: being locked up.
What I've been saying this year is,The digital currency market has evolved from the previous simple money-making model to the hell model. It seems easy to make money in the simple mode, but it is actuallyBacked by the power of the trend, in the big bull market in which the market as a whole went smoothly in 2017, being able to make money does not mean a high level. In the middle and late stages of the current bear market, there is a serious shortage of funds on the market, and the loss of investors is serious. It is the season when there is a shortage of money. This is the cruelest stage of the game. The test is the ability to make money. Ordinary investors need to be cautious.
At present, the current situation has not changed significantly, and there are no good methods and strategies to pan for gold in the market.Except for regular investment in BTC, no other strategy can guarantee you a steady win. In addition to learning and thinking, there is no other way but to wait patientlyOperation suggestion:
Operation suggestion:
BTC: The market is still fluctuating at a high level, and $12,000 has become an important threshold for BTC in the near future. Looking at the hourly line, the MA30, 60, 90, and 120 moving averages constitute a small range of support, and the short-term support is at $11,500. The bulls tried their best to test the pressure of 12,000 US dollars several times in a row, but they were all suppressed by the shorts and failed. It is currently undergoing inter-cell adjustments, and once the adjustment is completed, it will go up again. Once it stabilizes at 12,000 US dollars, the pressure range of 13,000-14,000 US dollars may break through.
The current key is the lack of energy and the sluggish trading atmosphere on the market. If the market cannot be broken for a long time, it will wear down the strength of the bulls and the sentiment and confidence of retail investors in the market, which will lead to the bears taking the initiative. Judging from the trend, this weekend should give direction, success or failure depends on one move, investors need to pay attention to market risks and operate cautiously.
ETH: Generally speaking, the range of 200-240 US dollars is fluctuating and finishing, and the hourly line level is facing signs of decline. If the central position of 220 US dollars cannot be held, once the big pie goes down, it may drop to 200 US dollars.
LTC: The bottoming trend continues, and the short-term support is 87 US dollars. If it falls below, it may usher in a waterfall market again. It is necessary to pay attention to market risks, and it is not recommended to chase after it in the short term.
BCH: 300-350 US dollars range to organize the trend, keep pace with the big pie, there is not much market.
EOS: The range of 4-4.5 US dollars fluctuates, and the volume is still too weak. It is not recommended to catch up in the short term. Around 3 US dollars is a good range for spot bottom-hunting, and you can place a single-strike rebound.
XRP and TRX: The market continues to shrink, and the short-term support points (XRP 0.3 US dollars, TRX 0.02 US dollars), it is not recommended to chase.
Platform currency: BNB and GT continue to fluctuate in the range. HT broke through $5 and hit a new high. There is not much difference from the historical high of $6.1. Whether it can break through depends on the cooperation of volume and energy. It is currently shrinking. The market is not stable, and it is only recommended to reduce positions at high positions, and not to chase high positions. OKB rose again, with a short-term pressure of 4 dollars, and there is still a long way to go from the historical high, so you can continue to hold the currency. before inArticles on 7.22It was mentioned in the article that the upward potential of OKB is the strongest among the three major platform currencies. At that time, OKB just experienced a few months of sluggish currency prices and began to hit the pressure point since April.
Then OKB stepped into an upward channel, and once it rose, the trend was extremely fierce. Among the current four major platform coins, GT has signs of being undervalued and is suitable for opening positions at low positions. Once the volume breaks through $1, it is expected to open an upward channel.
Other counterfeit currencies did not perform well under the turbulent trend of the big pie, and the trend continued to be sluggish. In the short term, they are still waiting and watching. If they rise, they will lighten their positions on rallies. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
