Good evening, family.
I have been struggling in BIGTIME these days. Fortunately, I haven't had time to spend money yet. The project team has reduced the output of tokens again and again. Almost every time I play, I lose money. The game is slowly on the verge of collapse.
In fact, no matter how awesome the internal circulation economy design of current blockchain games is, if players cannot earn gold, the game will collapse, and will eventually become a vicious cycle in which late players work for early players. No one will play blockchain games just because your game is fun. Even Bigtime, which has been developed for two years and is almost the ceiling game compared to Ah Xie and Yuan Beast, is still a long way from traditional ordinary games.
So to sum up, when you are playing games, once you feel that you are not doing well in the game, you can’t make money, and everyone else can’t play anymore, remember to short his tokens immediately, and you can almost always make a small profit.
Let’s take a look at the on-chain data.
Judging from the distribution of long-term UTXO holders, every time the bottom of a bear market turns to the early stage of a bull market, a convex shape like a mountain top will be formed. The peak of this round of mountain top has passed, and historically, there has never been a second mountain top. In other words, there is a high probability that there will no longer be a 15,000 pie, or even less than 20,000. (Figure 1)
From the perspective of macroeconomic policies and everyone's psychology, there is a great expectation of interest rate cuts next year, the expectation of halving of Bitcoin, and the expectation of ETF spot approval recently. Combining these major points, Bitcoin is unlikely to fall sharply.
The second chart is from a short-term perspective. The three major daily trend lines that I added for observation in the technical indicators have all turned into an upward trend. Once a trend is formed, there is usually an expected trend of a surge after adjustment.
Now, besides regular investment, the most important thing is to have patience.
Don't worry, good things will happen.
Good night~
Indicator analysis on October 18, 2023
Proportion of holdings longer than 1 year: 68.51% (less than 55% is considered a high-risk area)
Ahr999X index: 5.86 (below 0.4 is the bull market top area)
Ahr999 Index: 0.51 (below 1.2 is the fixed investment area, below 0.45 is the bottom hunting area)
Market capitalization of Bitcoin: 51.91%
Fear and Greed Index: 50 (Close to 100 means high risk, below 10 means bargain hunting)
Bitcoin Rainbow Index: Light blue area - BUY (orange is high risk, dark blue is the bottom-hunting area)
Ethereum Rainbow Index: Light blue area - BUY (pink is high risk, dark blue is the bottom area)
PI distance crossover: very far (very far, parallel, fast crossover, crossover (where the crossover is the bull market top))
RHODL ratio: 866 (above 50k is the top area, below 300 is the bottom area)
Jiang Zhuoer 60-day increase: 9.32% (greater than 80% means short-term bubble high risk)
RSI indicator: 50.45 (less than 45 enters the bottom-picking range, greater than 85 is the top area)
BTC retracement from the highest point: -59%
Fixed investment and fixed selling index: Fixed investment range (bottom-picking range/fixed investment range/holding range/fixed selling range/top range)
4-hour Bitcoin candlestick trend: Upward trend (upward trend/downward trend)
1-day Bitcoin K-line trend: Upward trend (upward trend/downward trend)
Please indicate the source when forwarding: Bull Market Escape Guide
All the above texts are my personal opinions and do not constitute any investment advice.
