Why are altcoins continuously declining? Because the time for Bitcoin to surge and plummet is very limited, most of the time it is in fluctuation. In general, when Bitcoin rises by 1%, altcoins will rise by 2-3%, and when Bitcoin falls by 1%, they will also fall by 2-3%. From a mathematical perspective, a very simple calculation: 1.02*0.98=0.9996<1 Therefore, the longer Bitcoin fluctuates, the greater the decline of altcoins will be. 🤣🤣🤣
$CAKE If Binance does not come up with an effective solution, the traffic generated by alpha brushing will quickly disappear, which is bad news for cake.
However, I do not intend to short cake, as Binance can easily pump it up in no time.
So, those who understand the situation have already placed their buy orders below. 😋
The market has become boring again, half of this month has passed, and there are simply not as many good short opportunities as last month, nor as many good long opportunities as in April.
Recently, I suddenly found it strange That earning thirty points in the primary market still feels like not earning much While earning ten points in the secondary market feels like taking off🧐
I've been fixated on the market these past few days, and it's messed up my mindset. I've decided to temporarily go flat to adjust my mentality, although so far I still believe Ethereum will reach 5000 this year.
The image below is from my personal trading. Due to my desire for stability, I only hold a maximum of 0.5 leverage position for each trade, so there is no rolling position, and the drawdown of my profits is far less than what I'm trading.
Additionally, I just noticed that someone mirrored my trades and their loss is greater than mine. It seems they might be limited by the minimum trading amount, which could lead to situations where my trades do not get liquidated while the mirrored trades do. 🧐
$ETH If you still think that Ethereum is just bouncing back so far, then there’s nothing more to say.
In this circle, only Ethereum and Bitcoin tend to follow "technical analysis"—although there are still many obvious manipulation traces. If you take a look at the weekly chart of Ethereum: underwater golden cross + strong breakthrough stabilizing in the Vegas channel.
By observing history, you can know that after such charts appear, Ethereum will surge in the following months.
Moreover, Ethereum is currently rarely stronger than Bitcoin; the last time it was this strong was on November 20 of last year.
So I think there is a high possibility of a altcoin season. By the way, I have already entered three altcoins due to yesterday's breakthrough and am currently down five points. Now I completely don’t understand why it dropped sharply, but for such historical moments, I feel it’s worth a gamble. If I lose, I’ll come back in the next bull market, after all, it’s been bullish.
$BTC I have discovered that from the second half of last year until now, there have been ten instances of empty large pancakes and nine of them were in a panic. I will never have empty large pancakes again😡
$BTC It seems that besides a bunch of retail investors shorting this good news, everything else is a strong negative 🧐 The moment that determines the nature of Bitcoin is approaching again 😡
Just now, under the influence of a friend's sharing, I suddenly got excited and bought two BTE mining machines. I thought it was a surefire investment, but now that I calculate it, unless the coin price can rise several times, it seems like breaking even is a long way off 😭😭😭