August is almost mid-term. The probability of a market crash is very small now. The upward trend is coming.
After the big drop on August 5, everyone seemed to be waiting for the second bottom. Those who were short were waiting for the second bottom to buy the dips, those who short were waiting for the second bottom to close their positions, and those who long waiting for the second bottom to get on board. In this way, a V-reversal similar to that on March 12 will come.
I am madly calling on everyone to seize the opportunity to get in on the spot, the market is always missed while waiting!
In the past three months, I put myself in the position of a "BTC believer"
Finally, I reviewed that all my operations were left-side transactions (i.e., covering positions when prices fell), but I couldn’t immediately decide whether this wave of market conditions was a rebound or a reversal. If I used the right-side trading mindset:
1. The downward trend line has not been broken yet
2. Currently still at MA120
3. Those who make money in this market (mostly due to luck, a few are left-side covering traders), and those who lose money are the true nature of the market
4. Before the simplest MACD shows a golden cross, it can only be judged as a rebound.
My personal opinion is: pay close attention to the short notice of 62000-63000. Right-side traders should not be too complacent and pay close attention to possible turning points.
After the market stabilizes, which Altcoin with great potential should we choose?
From a historical perspective, before every bull market burst, there will be a big crash to knock most people off the market. This was the case with 312, 519, 9.4, and 12.7. If we stick to the old ways, such an opportunity will come about once every two years. This opportunity has finally come now. Thinking from the perspective of chips, the market always runs in the direction of fewer people, and it is impossible for most people to make money.
With this kind of opportunity now, I will take a long-term approach. It should not be a problem to make three to five times the money by March next year.
Most altcoins have few buyers whether they are pumping or not, and the fate of Altcoin in each bear market is likely to be 0. If you want to increase liquidity, you have to prove your strength, not just rely on deception and talk.
Now there is no banker who stays in one coin forever. The main market has this demand, and often the bankers of several hot projects will rotate to other coins! The narrative in the second half of this year is likely to be the US election!
Defi and Metaverse in 2021, Inscription in 2023, and Artificial Intelligence are so popular. Will these concepts still be hyped in the second half of this year? I also listened to Sun Ge’s space that night. There must be new concepts hyped in the second half of the year.
In this round of bull market, only a few altcoins can outperform BTC. Pay close attention to new concepts and currencies with large trading volumes.
Follow me and welcome the super bull market together!!!
Warm reminder: When playing contracts, making money is just a process, and liquidation is definitely the final result. Cherish your life and stay away from contracts!!!
Create a high-quality circle
Spot mainly
I will share some content: as shown below:
The overall position is ≥ 5,000u. If you want to join, scan the QR code below!
(A few hundred or a few thousand is too small to operate. If you don’t have it, you can also send a private message. You can also join after passing the screening.) Purpose: To become bigger and stronger, to create glory again and turn around in the next bull market!
This is the end of the article. I will do a more detailed analysis in the communication group. If you want to join my circle, please contact me directly through the WeChat below!
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