The short-term retracement of the market, investors need to master the survival rules of the currency circle
A friend who entered the currency circle together a few years ago asked me how I was doing. I said it was good or not. My friend said that he was about to quit the currency circle. He had been busy for several years and didn’t make any money. Will put new money into it.
After the chat, I was deeply touched, and another old friend quit the currency circle. I still remember that during the bull market, he operated brilliantly all the way, and his net worth jumped from 5 figures to 7 figures, becoming a big man in many people's hearts. However, the transition between the bulls and the bears was too rapid, blindly hunting down the bottom and chasing up, resulting in a step-by-step shrinking of profits, and now it is difficult for those who have lost money to earn back their principal.
He concluded,Looking back at the currency circle, there is an illusion and a sense of trance. I think many old people in the currency circle can also find their own shadows in it.The currency market is like life, no one can replace you, the people in it know how warm and cold they are.
The digital currency market, like other financial markets, is also a zero-sum game. In most cases, it is not based on one's own ability to make money, but to follow the trend and make money from the general trend. Only when the general environment is not good and most people lose money, can they still make a stable profit, that is the embodiment of ability and level.
Therefore, there is actually only one key to your victory:Recognize yourself and defeat your opponent. And most people are unable to defeat themselves, not only cannot defeat themselves, but more importantly,Unable to recognize one's own ability and level。
In daily life, if you want to swim in the sea, you must first learn how to swim, no one will plunge into the deep water without knowing anything, it is tantamount to suicidal. But in the currency circle (actually not only the currency circle, the financial market is everywhere), there are many leeks,Never learn to invest, do not analyze the actual situation of the project behind the currency, dare to invest directly in it, even brainless stud, just because others say that this currency will rise hundreds of times and thousands of times.
This is a scary thing, but it is commonplace in the currency circle. Although it is true that all people enter the currency circle to make money, butThe market is cruel, profit and loss come from the same source, it is destined that smart people earn money from ordinary people, big fish eat small fish, enter without any preparation, the only thing waiting for you is the ending of being cut leeks。
What I want to say is that you want to make money in the currency circle,First of all, you have to learn how not to drown, first survive, and then make a profit. The first step to enter the market is to recognize the potential risks in the market and ensure the safety of your principal. The first step is the foundation, which is far more important than how to make money and how much money can be made in the market.this is the most important thing, Only when the foundation is laid, can the dream of high-rise buildings become reality step by step.
Just as the market has entered a rest period, since August, the overall market has not had a good profit-making effect. At this time, most people are in a wait-and-see state, and their enthusiasm and willingness to enter the market are low. this is exactlyWhen we improve ourselves, learn professional knowledge, re-understand blockchain and digital currency, learn investment and financial management knowledge, and summarize our investment experienceOperation suggestion:
Operation suggestion:
BTC: It fell again in the early morning of this morning. The market briefly dropped to 8,100 US dollars, and then rebounded slightly, but the rebound height was limited and failed to recover above the 8,200 US dollars support. From the hourly K-line trend, after the last time it fell below 7800 US dollars, it relied on two volume increases, each larger than the first, which made the disk rebound slightly, but the highest did not break through the strong pressure range of 8800-9000 US dollars . On the contrary, under the pressure of short sellers, it fell. Although the volume of the recent three consecutive declines was not large, the volume of the rebound was even lower, which means thatThe confidence in the market is insufficient, investors are waiting and watching, and there are few people entering the market to buy bottoms, so the market lacks effective support。
In the short term, $8,000 and $8,300 are hurdles. As long as the volume falls below $8,000 again, it is inevitable to test the bottom support of $7,700. Whether the $7,700 can be supported this time is a question. andIn the case of no heavy volume, the bear's downward action is just a test rather than a directional choice, the market may continue to fluctuate in the range of 8000-8300 US dollars, and the short-term is still mainly on the sidelines.
ETH: Short-term decline, the support of 180 US dollars has been broken, a short-term test of whether this point can be effectively recovered. If it cannot be recovered, if BTC falls again, ETH may fall to the range of 150-170 US dollars. Pay attention to market risks in the short term.
LTC: Leading the decline of mainstream currencies yesterday afternoon, followed the decline of the broader market again in the early hours of this morning, and is currently fluctuating in the range of 53-55 US dollars. The bottom support is in the $50 range.
BCH: The market is relatively resistant to falling. It quickly recovered after a short-term decline in the early morning of this morning, and the support is strong. At present, the trend is maintained in the range of 220-230 US dollars, and the short-term strong support is 200 US dollars. At the daily level, the trend of BCH and BCH are in sync. EOS: It fell heavily in the early hours of this morning, and the 4-hour level MA60 moving average support was effectively broken, which means the end of the upward trend of shocks. Pay attention to the support of 2.4-2.7 dollars in the short term.
XRP: The disk fell with the big pie, but the decline was effective, and it generally maintained the trend in the range of 0.28-0.3 US dollars. Pay attention to the support of US$0.28 in the short term, and pay attention to the short-term chips to stop losses if they fall below.
TRX: Following the decline of the market, it has reached the neckline position of the M-top trend (0.0156 US dollars). Once it falls below, pay attention to stop loss.
ETC: The trend is similar to that of LTC. It fell yesterday afternoon and fell again this morning, but then recovered the decline. There is some support in the market. The short-term trend is suppressed by the hourly MA60 moving average (4.7 US dollars), and the lower support is 4-4.4 US dollars.
Platform tokens: generally follow the market decline, but the recent trend is relatively strong, and the upward trend pattern has not been destroyed. Pay attention to the support of each platform currency in the short term. Once it is effectively broken, pay attention to downside risks. BNB is at 18 USD, HT is at 3.5 USD, OKB is at 2.3 USD, and GT is at 0.5 USD. In the case of an unstable market, cautiously chase up the platform currency.
Altcoins: Some currencies that rose in the past few days plummeted one after another when BTC retreated slightly. It can be seen thatThe overall disk support of altcoins is not strong enough, but small funds are playing in the band, and they are cautiously chasing high, it is possible to be covered. Judging from the general trend at the daily level, many altcoins show signs of bottoming out. Although once the market rebounds effectively, there is a probability of a rapid rise, but until there is no clear signal, we still wait and see.
