Monsterblockhk

SOL Ecosystem 20 Million Financing Project🔥 launches transaction volume points system
The most complete @Backpack exchange nanny-level new tutorial on the entire network
Worth it ✅ Worth it ✅ Worth it ✅ Worth it ✅
After reading this article, you will get a lot of airdrop shares
There is not much text but it contains a lot of gold. It is recommended to like and follow it first📩

Reasons for participating in @Backpack to boost trading volume
1️⃣ SOL is the first CEX in the ecosystem
2️⃣ Points are king: Recently, Marginfi, Kamino, Drift and Jito have all launched point systems. Everyone rushes to interact with them, proving that the point system is the easiest to obtain large-amount airdrops and make money. Therefore, it is best for everyone to do any transactions on the SOL ecosystem in the future. Use this CEX to operate and brush trading volume points

I believe you have seen the news about Pudgy Penguins everywhere recently, but why can the floor price continue to rise unaffected in the bear market, and is the community even becoming more and more powerful recently?
Pudgy Penguins is an NFT project composed of 8888 penguins. Its founders @ColeThereum and @tubbyfat wanted to create a project full of hope and positivity, so they adopted this cute style.
Lil Pudgy is a derivative project, of which 8,888 can only be distributed to Pudgy Penguin holders, while 13,334 will be sold in the form of Public Mint.

There are three main types of people in the currency circle: conservative, risk-balancing, and enterprising people. Conservative people just don’t know how to learn anything and can only buy Bitcoin spot and let it sit for a few years before making a profit. These people usually They won’t make a fortune because their earnings won’t rise much; people who can balance risks will buy spot and make contracts, but they won’t spend too much time understanding which currency can make the most money. Even in the market, you can't make much money; enterprising people are the ones who will make a fortune. Why?
Because in order to make money, they not only think about risks, but also try to gain advantages for themselves under risks. They are aggressive but not gambling. They execute transactions strategically. Today I will teach you how to simply become such a person. In fact, it is not Difficult, if you know how to listen with your heart, think with your brain, and spend a little time studying, you can understand it!

Last week’s analysis mentioned that the price of $BTC could be expected to test the starting point of the channel, but in the end it did not touch the starting price, but completed the test with a low point. In most cases, the market will turn to test the extreme value of the channel after testing the starting point of the channel. This is because the trend-following parties will try to continue the trend after entering again at the starting point of the channel, so the price will tend to test the extreme value of the channel.

However, it should be noted that there is no way to know whether the final test will cause the high point to rise, fall, or remain flat. However, if the price approaches the end of the channel and becomes weak, shorting on the right side would be a good choice, so you can wait to short on the right near $27485 above.

How to interpret the price action of entering an ascending channel after a sharp rise? Will it continue to be bullish in the future? There is a more detailed explanation below👇

$BTC As the market keeps changing, the interpretation of the chart has also been changing. Recently, the market structure has become clearer. From the chart, you can clearly see a period of rapid channel market. Most of the rising channels will fall below and then turn to test. The starting point of the channel📈
Because for bulls, the starting point of the channel is the first retracement after the first rapid rise, and it is also the beginning of the second channel-like rise. Therefore, they will tend to wait to enter the market again at the starting point of the channel, so the starting point of the channel will have a certain supporting effect, and they can wait to go long on the right side of $25745 below.

📍Trading strategy: You can wait for the triple top or the price to overshoot the channel line before going short.

📈Positions that require special observation in the short term【26145｜25749｜25267】

The price backtest moving average develops horizontally into a narrow range, which can also be used as a narrow channel, proving the market's hesitation, but bulls have a slight advantage, but all rising channels are not good signals for bulls, because with the selling pressure Increase, most rising channels eventually fall below and test the starting point of the channel. The inertia of the market tends to reversely break through the channel and then test the starting point of the channel.

After Evergrande, Country Garden, which was once regarded as a model student in the industry, also has debt problems, causing China's real estate industry to explode one after another. Some even say that the cryptocurrency market and US stocks will be affected sooner or later. Why can China's explosion be discussed together? ? So can investors escape safely? If you have invested in any financial market, this short article is for you!

After the 2008 financial crisis, China's economy has been relying on debt-driven growth to maintain rapid growth. The essence is that they have been frantically using debt-driven development to develop. In other words, keep borrowing money. These debts are mainly absorbed by the real estate industry. why? Because real estate is a very large "money pool." The government, real estate developers, and home buyers all have something to gain from this game. But here’s the problem, this money pool has become increasingly unstable.

The trend of Bitcoin is very, very ugly right now. The decline in price coincides with the downward trend in the overall financial market. Here I mean the decline in the price of the S&P 500 Index, the Nasdaq Composite Index, gold and so on.

Thinking of this, some people always say that the current currency circle is very dull and quiet, and they have no idea what to do. For traditional retail investors, they don’t even know what to buy in the cryptocurrency market.

Fortunately, you clicked in. If you miss this article, you will basically miss the next bull market, because I will share 2 hot spots that we can still pay attention to in the bear market of the currency circle, and have the potential to double our wealth many times!

BTC/USDT

The weekend market was mainly volatile as usual. The market is now very hesitant and the direction is very unclear. We need to wait for the further development of price action.

📍There are four predictions for the future trend, but they are of little significance. Only the orange arrow is the most worthy of attention and trading. Be patient and wait for the price to test the boundary. Unless there is a clear signal in the middle of the range, trades should be avoided.

📍Trading strategy: Range boundary, high altitude, low altitude and long position

📈Positions that require special observation in the short term【30040｜29730｜28851】

$BTC $ETH

BTC/USDT

From the current point of view, the last rise was a breakthrough failure, but it is impossible to determine whether the rise has ended. We need to observe the subsequent K-line trend.

It can be seen that BTC made a bear flag adjustment after it started to fall, but after breaking the bear flag, it did not start to fall as expected. The current K-line overlap is a micro range, which will become resistance to the subsequent decline.

📍Observe the development of future price behavior. If there is a strong bullish K-line that breaks through the micro range, there may be a chance to return to the upper boundary of the range. If there is a strong shortish Kline that breaks downward, it will continue to fall, with a target price of $28960.

If you want to make money in DeFi, you need to choose the right protocol to invest in.

To choose a good protocol, generally speaking we will look at their revenue. Comparing TVL and revenue will be a relatively effective analysis method! It should be noted that of course we will not focus on just one kind of data, and the following sharing is just one of the methods.

https://defillama.com

📍 Velodrome Finance: 245 million / 119,000 = 1 USD revenue / 2058 USD USD TVL

📍 Synthetix: 478 million / 131,000 = $1 revenue / $6305 USD TVL

BTC rebounded to the $30,000 level after Monday's decline. There are two explanations for this rise. For the bears, it was a climax that approached the boundary of the range. For the bulls, it was an upward trend and broke through the range.

BTC/USDT

Call vs Put

The Call Put Ratio shows that there are more bullish people, and the Funding Rate of most exchanges is positive. These two important data consistently reflect that there are more bullish people in the market. Will there be more military warehouses exploded?

In addition, last time I mentioned waiting for the price to test upward, but the rapid rise was unexpected. We can compare it with the last climax rise. This rise is actually very similar, so it is a potential climax market, but the breakthrough is larger. , so it will definitely attract buying from bulls, who will think that the market is breaking through and then stepping back.

In algorithmic trading, we need to compare different strategies. How do we evaluate the historical performance of different algorithms? This short article will discuss in detail [Sharpe Ratio]

Every strategy can be scored using the Sharpe Ratio. It not only measures the return of the strategy, but also touches on the risk and volatility of the strategy. The Sharpe ratio is designed to calculate "risk-adjusted return," which is investment return after measuring risk.

The Sharpe ratio plays an important role in evaluating investment performance. It was published by William F. Sharpe, an American economist and Nobel laureate in economics. To build your own quantitative trading program, you must learn to use the Sharpe Ratio to screen trading strategies.

RWA

Recently, Binance released RWA-related research to bridge the gap between TradFi and DeFi. Combined with lower DeFi yields, rising interest rates have prompted interest in tokenized Treasuries, with many protocols already integrating RWAs or participating in their growth.

RWA = Real world asset tokenization

To put it simply, it is to tokenize the value of real-world assets, map the value to the chain and trade it.

RWA can be tangible or intangible assets such as real estate, bonds, stocks, currencies, cars, etc.

USDT and USDC can be regarded as the most successful RWAs in the currency circle at present, because they map the US dollar to the chain and tokenize it.

BTC/USDT

📍Trading strategy: wait for the bottom to go long

📈Positions that require special observation in the short term【30040｜28851｜28555】

The last round of rise turned out to be a buying climax, but the rise was enough to complete a transaction with twice the profit and loss ratio. There was no reversal signal during the decline, so it can be said that it was safely passed.

📍Now that a bear flag pattern appears, it would be better to wait for a long position below. Pay attention to the two positions of $28851 and $28555, and wait for a reversal signal to enter the market on the right.

$BTC

BTC/USDT

📍Trading strategy: Awaiting a test of $28851

📈Positions that require special observation in the short term【29665｜28851】

The price behavior in the past was very vague, with high K-line overlap and frequent reversals, suggesting that the market was in a range. From a 2-hour perspective, there was an obvious convergent triangle pattern, which is also a type of range.

It can be said that it is a breakthrough and a retracement, and it has reached near the upper boundary at the same time. However, considering that the previous K-line showed the hesitation of the market, it means that the uncertainty is very high. There is a chance that it will fall a few bars and then pull back immediately, which will be potential. risk.

📍Deployment of spot bargain hunting $FIS

Liquidity pledged derivatives LSD is the most mainstream narrative in the currency circle in 2023. This time I will introduce you to Stafi Protocol, a multi-chain LSD protocol!

📍Short-term currency speculation deployment $OP

Layer2 star project Optimism will usher in 24.16 million OP tokens (worth approximately US$37.69 million) to be unlocked at 12 noon on the 30th, accounting for 0.56% of the total supply and 3.56% of the current supply!

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$FIS background source💡

StaFi Protocol is a decentralized protocol built with Substrate. It takes the liquidity of Staking assets as the entry point and focuses on solving the value circulation obstacles of currently locked on-chain assets.