What far-reaching impact will Coinbase's listing have on the crypto community?

BTC Market Analysis

The biggest news last night was probably the pre-disclosure of Coinbase's IPO, with a price of $250 and a valuation of $665, which is nearly $80 less than the previous price of more than $330, or about a 25% discount.

The United States, which has the best valuation system in the world, finally gave the crypto world a pricing reference, so we saw BNB fall in response, because as long as the traditional financial market gives a reference, the digital world will automatically anchor to this reference. Therefore, we saw BNB operate like a tiger, and CB fell back directly after listing.

Since Coinbase went public, the entire crypto market, especially CEX-type cryptocurrencies, will have a basic anchor, which is the stock price of CB . In other words, we will have a reference line for risk assessment, and there will be a deeper correlation between cryptocurrencies and traditional capital markets.

As long as there is such a reference standard, more investors who need to find a reference (Old Money) will be more willing to enter the market. Therefore, the listing of CB actually boosts the entire market and is beneficial. As soon as the news of CB came out, BTC/ETH soared. This is the reason.

After analyzing the reasons why BTC and ETH rose last night, let me take a look at the short-term trend of BTC?

BTC broke through the previous high yesterday with a reduced volume and hit a new high of 63,000, thanks to the positive news of CB's listing. The short-term volatility risk has been eliminated and it will continue to fluctuate upward. The rise will continue in the short term, but whether it is worth chasing the rise and adding positions remains to be seen.

I think it is okay to add short-term positions at this position, but the position for adding long-term positions is definitely not here, but should be around 50,000 as we analyzed before, and around 55,000 as we analyzed in the previous callback. For long-term positions, you should wait for a callback and enter the market when the average is at its lowest.

ETH Market Analysis

ETH also broke through the top of the daily central axis around 2180 under the positive market news and reached a new high of 2300. A new high is inevitable sooner or later, but under such positive stimulus, the alpha attribute of the infinite rise has not improved.

So ETH continues to survive and remains unchanged. The door to the traditional financial world of blockchain has been opened, and the world of Ethereum has just begun. A more promising world of Ethereum will emerge with the influx of a large amount of capital and a large number of talents.

LTC/EOS/XRP/BCH/ADA Market Analysis

XRP is now at 1.8. Looking at the trend chart, it is only 50% away from the historical high of 2.7. This increase is simply not worth mentioning in the blockchain world. Looking at the recent changes in trading volume, the increase has been increasing in volume, while the decrease has not started to increase in volume, and has not started to go sideways. This shows that the old money at the bottom made their layout when there was bad news. So this wave of increase is actually a money-making action planned by these old money to make up for the missed bull market.

So judging by the current trend, the old money should not have been sold out yet, but they are already being sold out, which can be seen from the large trading volume. But it is not clear where it can go, the previous high is a reference point, at least.

This means that the height space for you to take risks is 50%. The current decline is 1.8-1.4=0.4, which is about 25%. The profit and loss ratio is about 1:2. The probability of gambling in this situation is relatively low. In order to ensure the management of the entire position, short-term small positions can be participated in this position, and long-term large positions are of average value, or even not worth participating in this position.

After analyzing the situation of XRP in detail, let’s take a look at the trend space of EOS/BCH/LTC. If the bull market continues, these old coins should also be pushed up by some old money.

From the current high, from the perspective of compensatory rise and speculation, EOS/BCH still has a lot of room to go from the previous high, and the trading volume is not very large, especially EOS, so from the perspective of configuration, if you have missed a lot of good market conditions and don’t know how to analyze other projects, then you can watch and participate in EOS/BCH, which should have a compensatory rise brought by CB.

Due to the mining coin mentality of LTC, during the previous FIL market, it was recommended that everyone could configure some mining coin-centric varieties, because mining coins would be sought after by many people . This is the configuration logic of mining coins, and mining has become a relatively wealthy activity in blockchain investment.

DOT/KSM Market Analysis

This wave of DOT's rise was driven by BTC/ETH, but it has no alpha attribute, only beta attribute. Yesterday we analyzed that DOT's structure at this position is very stable and it is a position where you can add positions . Therefore, the rise at this position is a very certain trend, and it is just that the rise of BTC happened to drive a wave.

But KSM did not rebound much because its position did not have an upward structure. The core reason was the loss of consensus and short-term expectations.