Regarding the market trends in the last month of the year:
Bitcoin’s 2-day and 3-day lines closed today. Bitcoin's 3-day line closed a small green candle with a long upper shadow line, and the rising volume continued to shrink. Bitcoin's 2-day line has continuously closed doji lines near 38,000, and today it closed another "tombstone doji", indicating that the pressure above is very high. Whether it is the weekly line, 5-day line analyzed a few days ago, or the current 3-day line, 2-day line, or daily line, no matter which level it is, it is so obvious.
Follow market rules and consider the long-term future:
When we invest, we do not engage in gambling. If we want to make long-term and stable profits, we must follow the laws of the market and cannot blindly trade based on our feelings. As the market has risen recently, many people have started to have wrong views. Some people are saying that a bull market will come sooner or later. If you buy now, you will make money in a few years. Others see that the market has risen and think that buying it is the right thing to do. If you do trading this way, even if you are right once and twice, the mistakes you make the remaining 8-9 times are enough to get you back to your original shape.
If you want to make money, if you want to make a lot of money, you must follow the trend. If there are stop signals or bullish signals on the market, you must be brave enough to seize opportunities when they arise. If there are reversal signals or bearish signals on the market, you must be risk aware. The biggest taboo in the financial market is "chasing the rise and killing the fall". Everyone understands this truth, but 80% of people will die because of it.
Analyze the right time to enter the market!
Everyone in the market is speculating that the bull market has begun? Or will there still be a second dip? I am worried about a big rise and a big fall. I am very confused and uncomfortable.
But I think these are just anxieties that I give myself. Because no matter whether a bull market has started or not, whether it will rise sharply or fall sharply in the future, there are now signs of a decline in the market. As for whether the decline will be a sharp drop or a slight correction, you need to wait until the market starts a downward trend, and then use the stop signal to judge whether the market has stopped falling, and whether the decline has ended to start a new rising market.
In fact, isn't it such a simple question? But many people don't understand, and struggle every day whether to enter the market or to clear out. The root cause is actually my own problem. I don’t understand the market, I don’t understand technology, I don’t believe in technology, I just trade based on my feelings. Because I bought it, I hope it will go up, and I feel uncomfortable when I see others shouting down. This is what I am doing now. People's inner thoughts. Now that there are so many danger signals on the market, the operation method is very clear. Don't fill your position and don't buy coins at will. Especially those currencies that have danger signals should not be bought. They will fall even more sharply than Bitcoin.
Next, there will definitely be currencies that will have an independent market. If Bitcoin falls, they are very resistant to falling and will not fall much. However, if you are not sure that the currency you buy is what I call a currency that is resistant to falling, it may have an independent market. , I advise you to wait and see patiently.
Recommend a track that I feel is better:
Yesterday, ID was launched on South Korea's UP platform, and ENS also followed suit, hitting a peak of around $9, but the sustainability was not strong. Then ID fell back, and ENS also fell back, with a minimum of 8.33. Currently, it is an Ether series that can be deployed around 8.5. one! The second is LQTY. This project is an Ether staking track. There is no problem with the track. It has been dormant for a long time after a wave of increases. If Ether rises, then LQTY should start a second wave of increases!
SOL
Solana (SOL) has seen significant gains in recent market performance. The platform’s continued innovation and growing popularity across various sectors, including NFTs and decentralized finance (DeFi), have contributed to its positive market sentiment. The network’s high throughput and low transaction costs continue to attract developers and users, solidifying its position in the cryptocurrency market.
The price of Solana (SOL) is showing resilience and growth, reflecting the network’s solid fundamentals and growing utility. Recent developments and partnerships have further boosted investor confidence, leading to a bullish trend in its price.
Looking ahead, Solana (SOL) is poised for potential growth, driven by its scalable infrastructure and growing ecosystem. However, challenges such as network stability and competition from other blockchains may affect its price trajectory. If Solana (SOL) continues to innovate and maintain network reliability, prices could rise significantly in the future.
LUNA
Although spurred by SOL, LUNA itself is still closer to a double-top structure. This kind of currency will go up sooner or later, and it will take time to exchange space. Just like BCH in the past, when it went up in a week, Most people have already lost interest in it, and the same goes for LUNA's level.
Finally, let’s talk about the unlocking of DYDX volume:
We can clearly see that the currency price of DYDX did not drop too much because of the need to unlock 100 million coins. It also rose before the unlocking, reaching a maximum of 4.36, which is about 1 dollar away from this year’s bottom. It has nearly quadrupled its potential. Even if it is still around 3.14, the price of the currency has doubled from the low of June 10 and is stable!
The reason for mentioning DYDX is that we can look back at ARB. There will also be a wave of large-scale unlocks in March next year. Many people are currently afraid to enter the game and choose OPs that are unlocked every month. They feel that the selling pressure is not that great. Large and cost-effective, it is not necessarily true. The OP has made two waves of hype before, and the stories it can tell are limited. There must be more lock-up disks above than ARB. Of course, both projects for stability can be configured. Cancun upgrade hype Come on, the performance of both projects will not be bad!
Create a high-quality circle
Mainly spot goods
I will share some content: conditions as shown below:
The overall position is ≥10,000 u. If you want to join, please contact me~! Welcome to send me a private message~!
(The operating space for hundreds and thousands is too small. If not, you can also send a private message. As long as you have skills such as on-chain data, native dog crawling, etc., you can join if you pass the screening.) Purpose: To become bigger and stronger, and create greater glory again A bull market turnaround!
