BTC has broken through 71,000 and is only a little bit away from a new high. What about your coins?
BTC has reached 71,000 today. The moment of decisive battle has come. The charge has been sounded, the bullets have been loaded, the bayonets have been inserted, and the long and short sides are about to enter the final stranglehold. In 3 days at most, we will know whether it will break through the new high in one go or go down in a hurry. I hope BTC is a scumbag who says he will go in and never go in, but when you are not careful, it will go up in a hurry.
The price of Bitcoin rose from 15,000 to 70,000, but the price of the copycats did not rise, and it fell back from 70,000 to 49,000. This lasted for more than half a year, and the copycats continued to rise for more than 180 days. Some copycats even hit new lows.
This means that if you buy the wrong currency for such a long time, you will waste so much time and lose money. Just when you see hope and think that the altcoins are about to explode, some altcoins hit new lows, and some altcoins crawl on the ground without moving. Buying altcoins is like buying lottery tickets. The general rise in the previous rounds has not come yet. Whether it will come later is a question mark.
In layman's terms, this round is a bull market where Bitcoin is the only one in the carnival. The most fatal thing is that there is no story to tell in this round, and there is no phenomenon of hot spot rotation. I want to ask you, besides those who play Bitcoin, have you made money playing copycats? Let us at least have some faith!
BTC is now in a rapidly upward market. The easiest way to make money is in a rapidly upward market, because once the market enters the rapid upward stage, it will be in a truly easy to rise and difficult to fall state; so for the trend of a rapidly rising market, I will choose to follow up quickly, especially when there is a chance of a pullback during the rapid upward trend, I will resolutely intervene with a heavy position, and then hold on patiently, without caring about the market sentiment, until the rapid market ends.
Compared with the ordinary rising market, the extremely fast upward market is like a high-speed train. Once it enters the high-speed running stage, it will not easily slow down in the short term, let alone stop. The same is true in the market. As long as the market enters the extremely fast upward market, there will be no stagflation turning trend in the short term. So once the market rises extremely fast, what we have to do is to find the best entry point, and "extreme return step" is one of the few stable entry signals in the extremely fast market!
Many people say that after the US election, Trump will be elected, the cryptocurrency market will continue to go crazy. Some people also assert that this big correction will end before the president is elected. The obvious positives are what the dealers want everyone to see, so that everyone will not pua themselves, chase the rise, or hold the currency firmly. How can the dealers do it well? They will make the final, defenseless kill. From today on, in one word, pull up and reduce positions, reduce positions, open shorts, open shorts.
What do you think about the market situation in the future?
From my point of view, the wind has come, but ordinary people can't see it. When the wind is strong, the dust is flying and the leaves are shaking, then you can know that the wind is really coming!
