Perhaps recently, the hottest topic in the crypto scene has been the privacy sector led by zec, with coins like dash and zen as supplements, creating an illusion of a sector rotation. In reality, it's not as simple or as complicated as people think; it's entirely dependent on capital institutions. This is why I don't mention the project parties (the manipulators). Anyone who has been in the circle for a few years knows that both zec and dash were once 'abandoned' by major institutions, and leading exchanges collectively delisted them. The K-line has been stagnant for years. Speaking of this, old friends in the crypto world, do you feel a sense of familiarity? Do you remember the old dogecoin? Isn't it the same logic? A while back when zec began to pump, I thought it might just be a manipulation by the whales to harvest retail investors. It wasn't until these last few days that I realized through zec's advantages that this is a meticulously planned 'strategy'!
This is not just about ZEN; actually, during this round, the old altcoins have largely been dormant. Some say that in recent days, established altcoins have once again shown signs of blooming, indicating the arrival of the altcoin season, all thanks to the collective efforts of market makers behind these established altcoins! All I can say is, with so many market makers out there, are they collectively coordinating to pump the market? Absolutely not. To be frank, this round of established altcoins rally is definitely a well-calculated 'sunny plan'!
1. Since the end of the last bull market in 2021, it can be said that 99% of the chips in established altcoins have been thrown away by market makers. Moreover, it can be said that very few market makers spend money to buy back coins they previously thought were worthless! Therefore, in established altcoins, it can basically be understood that there are no market makers, only retail investors competing + capital institutions continuously accumulating at the bottom!
2. It is not difficult to understand through candlestick charts and cycles that the bull market initiated by Bitcoin at the end of 2022 lasted a full three years. Apart from a few established altcoins like Ethereum, Solana, BNB, and XRP that have emerged sporadically, did we really see the much-anticipated 'altcoin season' on a large scale during these three years? No. What we saw were thousands of new coins being hyped up, often without any real spot market, rising dozens to hundreds of times before crashing back to their original prices, completing operations within a short time frame. For example, in recent months, coins like MYX, M, COAI, AIA, and GIGGLE have emerged. The trading logic here won’t be elaborated on, but to summarize in one sentence, it’s a gambler's paradise. It can be said that very few people made money in these coins unless you are friends with the market makers! So in this environment, after three years, established altcoins aren’t rallying; do you think there are still market makers in these coins?
3. On October 11th, we in the crypto community experienced the '1011 Incident.' This was an important turning point of a well-orchestrated plan; it can be said that day essentially washed away the last shred of faith from many old players in the crypto space. Many old players still held significant faith in established altcoins, even waiting with low leverage (1/5) for the long-awaited altcoin season. However, the altcoin season did not come; instead, they faced a fatal blow. That night, how much wealth from 8-10 years of crypto veterans was wiped out? I’m sure many families have seen various posts online, so that night essentially cleaned out the old altcoins for a smoother rally later on!
4. From a technical perspective, family members with a bit of technical understanding will notice that, led by ZEC, there was actually a volume increase on the daily level a month ago. Of course, this is hindsight, as we only review afterwards. After all, no one expected ZEC to be the first to become a 'dark horse.' As an old investor, having risen from 15 to 45, I didn't dare to act, so I've just been watching. Using ZEC as an example, later on, I will carefully review other established altcoins, and perhaps my thinking will become clearer. To put it bluntly, the project team of ZEC probably has no coins left, and capital institutions are manipulating it using the same techniques they employed during the last round with Dogecoin, but this time the institutions behind it are more covert, unlike Musk who plays his cards openly! It's actually quite simple here; other indicators don't need much attention, but just looking at whether there's a sudden large volume on the daily chart will tell you whether to start trading!
5. The rally of these established altcoins can be said to primarily stem from the operations of capital institutions. In other words, it is highly likely that several large consortiums reached a consensus years ago, setting up a plan over the years, having already targeted those unowned and qualified established altcoins. Conversely, for established altcoins with market makers, they find it difficult to replicate a trend like ZEC!
6. Why do these altcoins choose to start at the critical point of a market breakdown? This does not rule out two possibilities.
1️⃣. These capital institutions want to kick off the altcoin season at the Bitcoin critical point to reignite the market and, by extension, push Bitcoin to initiate the fifth wave, reclaiming 104,000, returning to 116,000, and charging up to 122,000. Of course, whether Bitcoin will follow this path is not a concern, as it can be predicted through candlestick charts.
2️⃣. These capital institutions probably also know that the big Bitcoin cycle is about to end. Taking advantage of Bitcoin not having dropped significantly yet, they create a false sense of prosperity in the altcoin season at the critical point, similar to last November. If this is the case, then it means they are just running faster!
Alright, I've said so much not to encourage everyone to engage with altcoins; rather, I hope everyone treats the rising altcoin market with caution. We must avoid a situation like last November when a gust of wind blows, leaving a mess. If you want to invest in such altcoins, you must strictly control your position and set stop losses, because in the world of altcoins, stop losses are more important than taking profits! #加密市场回调 #隐私币生态普涨
The above is purely personal opinion and does not constitute investment advice. The crypto space has risks and is highly volatile; investment should be cautious!
