How to Trade in a Bull Market, How Ordinary People Can Turn Their Fortune Around
Can money still be made in the cryptocurrency world? How to change one's social class? From 2008 to now, every year I have been able to make money. In the early days, there were not many contracts on exchanges, but the spot fluctuations were huge. Before 2017, mainly trading around ETH and BTC spot, making a fortune. In 2017, there were ICOs everywhere; casually trading a coin could yield ten to twenty times in one night. In 2019, $100 ETH and $3000 BTC, holding until 2021 yields over ten times profit. In 2022, the Luna situation gave a week of shorting opportunities; anyone who shorted made some profit. A cruel truth is: since 912, the market has been relatively good; how many people have made money? The future bull market will be a double replica of this situation. Is it cruel?
Only the dealer can easily make a lot of money in the secondary market. It is impossible for retail investors to defeat the dealer. From any dimension, the dealer has a crushing advantage. If retail investors make money, it is not that they have defeated the dealer. They just drink a mouthful of soup while the dealer eats meat. Despite this, only a small number of retail investors can make money each time, because the dealer will not allow most retail investors to make money. What the dealer wants to harvest is "most retail investors." Compared with the various regulations and policies of the stock market, it is easy to be a banker in the cryptocurrency circle. Only by understanding the principle of banker manipulation can retail investors make money. In addition to having trading skills and funds to control the market, you must first have chips, which is a prerequisite.
The market will not crash here, it will continue to rise before December, and the rise of AVAX and the coins I hold will also soar. Today is just a mild deleveraging movement.
Do not sell at 6 when bought at 8, only to buy back at 10 in the end.
AVAX still has a long way to go. The AVAX project team has accumulated a large amount of chips in the exchange, and currently, there are no signs of unloading. The upgrade of the public chain is the biggest positive, so this wave continues to look bullish.
This wave must be pushed to the point where everyone in the market is FOMOing; only then will the AVAX project team's objectives be achieved. However, the current increase is far from enough; yesterday was just a cleanup of high-leverage players in altcoins.
Let's talk about meme coins. Many have risen recently, but everyone is not excited because the coins that have risen are not only absent from your portfolio, but you may also have been caught in meme traps, resulting in some losses.
It's just the right time to discuss my judgment during this pullback. Personally, I feel that the meme cycle has not ended. What you are seeing is a pullback, but you have not yet seen how much it has bottomed out. I believe the hype around memes is probably at a mid-stage; in the second half, BN might announce a few more meme coins, which could lead to a frenzied later stage.
First, let's analyze the essence: the more numerous they are, the worse the consensus from the secondary market on this track will be; this will not change. Old coins or those that cannot show significant gains will be quickly forgotten and abandoned by the market, so the offspring of the first half of the year have performed mediocrely and are lingering.
Why are new things impressive? Lowercase, goat, it’s because we, as secondary market traders, are buying in large quantities. Relying solely on holders won’t create space; there must be consensus. Continuous listings will definitely reduce trading desire in the secondary market, which is also the reason for the recent sharp pullback, similar to L2, but meme coins are far better than L2.
However, it does not affect us. After those things that were never hyped before are speculated on, we can continue to pick up the meme coins that have returned to their prices for the second half of the speculation. Those who have traded meme coins know their elasticity, the amplitude is large, and the depth is profound. Weak to strong can change in an instant.
Currently, the pepe and neiro I hold are still stuck, while avax is slightly profitable. Almost all old coins started to rally this weekend, and there are still many people in the market chasing after old coins, as if everyone has forgotten that these coins have had no trading volume for three years and the VC unlocking events. I have always told everyone not to switch cars during a bull market, not to look at one mountain and think it's higher than the other; it's highly likely that these old coins will start to decline slowly next week.
Meme is the main theme this year, so why not take a gamble at this position? Doge has opened up the imagination for meme market value, and pepe, as an old blue chip, has been listed on Robinhood and Coinbase, just like the Shib back in the day. Neiro, with a smaller market cap than pepe, is currently included in the coin listing roadmap for Coinbase and Karen. The meme on ETH can concentrate funds even more, and winter, as a market maker, is originally meant to wash and pump aggressively, so what does it matter if it dips a little?
I have never been very optimistic about the coins on SOL, referring to bome's pump and dump as the peak. Because SOL can launch dozens of coins in a month, you really don’t know which one to choose.
Now, retail investors in the market are basically not making any profit, and the current market is completely hellish.
At present, BTC is still fluctuating at a high level, but the price is close to stability, and the cottage is basically in danger of being cut in half, except for one or two individual ones. Here, if BTC falls back by ten points, the cottage will basically be cut in half again. It is psychologically uncomfortable to buy cottages, and if you short cottages, there will be a 20% needle that will prick you empty at any time.
And I really dare not take the long position of 9w5. It may fall back by about 15% at any time around 10w.
My current spot account is also shrinking, shrinking, and shrinking again. At present, there is no way except for BTC to fall back by fifteen points and then the cottage kills another wave of Ethereum to make up for the rise. I advise everyone to do less. The short-term market here is also quite difficult to play. The cottage fluctuates widely and oscillates. If it turns so fast, the pattern will be trapped in a few minutes. #比特币突破10万?
Looking back at history, is there still a season for altcoins? Should altcoins persist?
$BTC is at 9.4W, while altcoins are still half-alive, with many coins appearing to be in a suicidal state? Don't rush! Let's review the last bull market; the situation was surprisingly similar! I subtracted the market cap of several mainstream stablecoins from the Total3 market cap to obtain the overall market cap of altcoins excluding BTC and ETH. Let's see what happened in the last bull market. As shown in the picture above, I identified 4 important time nodes: on 20/12/16, $BTC broke through previous highs and surged to 21/1/8, doubling its increase, while the overall market cap of altcoins remained almost unchanged. Even during a slight 10% pullback of $BTC over a few days, there was a 36% pullback in altcoins, which can be described as terrifying. It can be imagined that many small market cap coins might have seen their values nearly halved. 🤣
In the past two days, it's not a problem for BTC to break at least the 98,000 mark.
Coinbase and the ETF in the U.S. are buying without regard to cost; this is a completely cheating phase. This week, 5 billion USDT has been recharged into the exchanges.
However, personally, I think after the breakthrough, there will be a period of retracement. It will drop from 98,000. Because as long as the U.S. purchasing power is lost now, the market will decline. #MEME趋势风向 #BTC何时突破10万?
The exchange rate of altcoins compared to Bitcoin has reached a new low again. I see many people in the square promoting altcoins.
I can only say that it's not the right time; only after the first sharp decline in a bull market is completed will there be a chance for liquidity from Bitcoin to flow into altcoins. #MEME趋势风向
On one hand, the futures market is quite unhealthy, while on the other hand, the spot market is continuously buying. This has resulted in the 2 billion USDT injected last night only pushing the market up three points before it fell back down.
At ten-thirty in the evening, when the US stock market opened, Coinbase saw an enormous amount of spot buying. Americans were buying spot without regard to anything, but there are too many high-leverage long positions in the futures market, which has led to a continuous series of false breakouts. Generally, the market tends to decline after US stock market closes.
However, USDT continues to be issued, and after last night's futures market was restored. Costs have decreased, and positions have decreased. Therefore, I personally lean towards another wave of upward movement. #比特币ETF期权上线
BTC should be able to break through in the next couple of days, and the decline should occur around the end of the month. I expect it to drop by about ten points from around 99,000. A rapid decline. Trading has been very exhausting these days with fluctuations up and down. Tomorrow, I will publish an article summarizing the trading during this period and the upcoming market trends.
I held a long position for a few days without profit and finally had to cut losses, but that's how trading is; if you're wrong, you need to adjust quickly.
Doge is likely to form a double top and may go to around 0.5. Bitcoin ETF options will be launched at #比特币ETF期权上线 .
I opened a long order. Friends who have short orders, please leave quickly, or open a long order to hedge. Don't be stubborn when trading. I just stopped loss and changed to long on my short order.
Now the fees and positions have returned to normal after last night, the Coinbase index is back, and spot purchases have begun to appear in large quantities. Someone recharged 2 billion U to the exchange. I estimate that it will take 6,000 dollars to pull up.
But the copycat should not pull up much, and it is still a big pie sucking blood market. The decline is estimated to wait until the beginning of the month. #市场围绕90K #币安矿池FB联合挖矿
How to Short? Why is There More Fluctuation at the Top?
Currently, the price of Bitcoin has been at a high level for a long time and has experienced significant fluctuations up and down. But there is no doubt that a top has already formed.
The recent characteristics of all the upward movements have been rapid rises followed by declines, repeatedly seizing liquidity. In order to trigger high leverage shorts above, the funding rate for long positions continues to rise, the greed index remains high, yet the price shows fluctuations without significant increases. Undoubtedly, a phase top has already formed.
Spot sellers are offloading in bulk through short liquidity, while at the same time, small contract buy orders are increasing.
Don't FOMO, all longs will be liquidated this week. #DeSci热度上涨
I would like to add some faith to those who follow me to liquidate and are bearish.
At present, the price of Bitcoin is still high, but from several data, it is very likely that there will be a shock decline of long killing long next week.
The negative premium of the Coinbase index since the 16th means that the ETF of US purchasing power is also going downhill, while at the same time, the long positions of the contract are constantly increasing, and the greed is still at a new high. This means that greedy bulls are opening long positions and US dealers are tired of taking over these high-leverage bulls.
From the perspective of sectors, the general market funds will go from BTC to meme and then to old coins. Now they have all gone around, and even funds have flowed to the weakest currencies eos, etc.
Since the beginning of this year, it has always been a flat top and a sharp bottom because the short positions will be continuously liquidated at the top of the price, and the big buyers at the bottom will rush to buy. So just wait patiently. #BONKBURNmas销毁计划 #Solana涨势分析
Now most people think that if they don't buy now, they won't be able to buy anymore. Fomo is extreme. The leverage ratio of altcoins is already higher than the new high at the beginning of the year.
Last night, the old guys were trying to trick you into getting on board, but the market is often anti-human and the market will tell you next week. #XRP突破历史高点?
I see that many people are saying that everyone is boldly buying stocks at the bottom, which is harming people. My prediction remains unchanged and it will go to 79k next week. Now it is in the risk range.
Be patient when trading. If you can understand the big trends, don't worry about the small ones. Otherwise, staring at them every day will naturally affect your operations.
Last night, BTC completed the game of liquidating short positions at 92k, and you will see a big drop next week. #币安注册用户突破 2.4 亿 #交易所BTC储备量创2018年以来新低
Those who listened to my live broadcast should have made money, remember your promise to me. Today I will send all the bulls home to plant sweet potatoes #市场回调,观望还是上车? #市场回调,观望还是上车?