The market is exploding, how to deal with it?
On the evening of January 14th, the market suddenly became a little crazy: BSV adjusted a little after the surge in the previous few days, and exploded again, and the rate was astonishing. This time, led by BSV, Bitcoin, BCH, Ethereum, EOS and other major mainstream currencies all rose. Not only the mainstream coins, but as of the time of writing, 92 of the top 100 coins have all risen.
Stimulated by such a market, the sentiment of investors has also begun to heat up. Various WeChat groups are very lively, discussing why BSV has risen so much. Even V God is concerned about the rapid rise of BSV in the Ethereum group, and doubts BSV Is this sharp rise related to Ao Bencong's meeting with OK last year?
When BSV skyrocketed a few days ago, we shared our opinion that it would be difficult to sustain the rise in currency prices without the accompanying enlargement of trading volume. At that time, neither Bitcoin nor BCH had gone out of the trend of rising volume and price. So what about this time?
Let's look at the price chart first.
The picture above is the price chart of BSV, the leader of this explosion. From the picture, we can see that BSV directly and violently pulled out a big positive line, which jumped from $172 before the explosion on the 14th to $331, an increase of 92%. Corresponding to the explosive rise in prices this time, the trading volume also ushered in a huge volume. It can be seen that the trading volume in just one day this time is almost three to four times the normal trading volume.
The picture above is the price chart of Bitcoin in this market. It can be seen from the figure that Bitcoin has risen from US$8,140 before the explosion on the 14th to US$8,795, an increase of 8%. Bitcoin’s trading volume has also increased, and it is the highest volume so far this year.
The picture above is the price chart of BCH in this market. It can be seen from the figure that BCH has risen from US$264 before the explosion on the 14th to US$347, an increase of 31.4%. The trading volume of BCH has also increased, and it is also the highest trading volume this year.
The picture above is the price chart of Ethereum in this market. It can be seen from the figure that Ethereum has risen from US$143 before the explosion on the 14th to US$165, an increase of 15.4%, the highest trading volume this year.
From the above trend chart, we can find that the explosion of BSV this time, Bitcoin and BCH, which are from the same family, have also gone out of the market, and Ethereum, which has nothing to do with the Bitcoin system, has also gone out of the market, and their trading volumes have followed suit. Zooming in, it hit a new high this year.
With the support of trading volume, this market has a foundation.
After this explosive rise, the overall market sentiment has greatly eased from the extreme downturn in the early stage, and the subsequent development of the market is likely to continue to improve. With the support of such market sentiment and market conditions, combined with the upcoming launch of the Ethereum beacon chain, the launch of the Filecoin mainnet and the halving of Bitcoin this year, the general trend of this year will be more optimistic.
My advice to investors:
1. It is necessary to be cautious in chasing up BSV.Regarding the explosion of BSV, we believe that there is a possibility of artificial manipulation. As we all know, BSV is rejected by many mainstream exchanges, so the liquidity is far inferior to Bitcoin, BCH and Ethereum, so the price is relatively easy to be manipulated. The price is too high in the short term.
2. Although mainstream currencies such as Bitcoin, BCH and Ethereum have experienced this round of small market and their prices have risen, they are still within the set fixed investment price and can continue to maintain fixed investment.
