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Kuang Ren writes every analytical article with a responsible, focused and sincere attitude, and his articles are distinctive, natural and not exaggerated!
The information and data in this content are derived from publicly available materials and strive to be accurate and reliable, but no guarantees are made as to the accuracy and completeness of the information. This content does not constitute investment advice and investments based on it are at your own risk.
Madman said
Many fans say that they love to read the "Kuang Ren Shuo" section and think that this section has depth. In fact, the "Kuang Ren Shuo" section basically consists of three parts: one is market hotspots and news analysis, the second is trading experience, and the third is the impact of the international situation on the currency circle. The biggest reason why everyone likes to read it is because the information gap in the currency circle is too large, and many news cannot be quickly obtained, so Kuang Ren will supplement this part of the content in the future.
Kuang Ren's article yesterday caused a lot of controversy. Most of the questions are whether there will be a second bottom. Kuang Ren thinks that the market has reached this stage, let's not talk about whether it will bottom out again. We will look for the opportunity to increase our positions. This is our focus later. Kuang Ren also gave everyone a dividing line to confirm the bull market-MA210. The market has risen to this position. It may not be the highest point of the stage, but it is definitely the second highest point. If you want to continue the attack, you need a decent adjustment. Therefore, no matter what, we have to wait patiently for this adjustment.
Madman said before that the most basic condition for the bull market is to have new funds, and if you want big funds to enter, you must have a channel at the level of a financial institution, so the logic of this wave of rising market is now basically clear. On April Fool's Day, the rumor (ETF passed) caused the market to rise sharply. In fact, some institutions knew or anticipated in advance that Fidelity Investments would provide institutions with plans to buy and sell digital currencies ; the subsequent continued shocks and resistance to declines were the market's fermentation of the news. Everyone knows what happened later. The conflict between the United States and Iran, the United States blocked Iran's settlement system, causing Iran to have to use other methods for transactions and settlements. Therefore, during that period, gold and Bitcoin had the logic of rising together. Later, it was confirmed that Nasdaq Exchange E TRADE would provide digital currency transactions, which led to another wave of overseas funds rapidly deploying. So we can see that the first to start this round of Bitcoin rally were all large overseas exchanges, led by Coinbase, Bitstamp, Bitfinex, etc., which were violently pulled up, and each violent pull-up happened in the early morning. So far, the madman can basically confirm that in addition to the passive buying of Iran caused by the US-Iran conflict, there are also a large number of overseas funds that are deployed in advance. They expect that once the future funding channel is officially opened, trillions of funds will flow into Bitcoin. Ignoring these news before led to serious errors in market judgment. I reflect on myself here and say sorry to those investors whose judgments were influenced by the madman!
In addition, last Friday, Facebook has negotiated with the largest trading institutions and digital currency exchanges in the United States in order to issue digital currency . In fact, Facebook once issued its own points as payment a few years ago, but
Maybe it was born at the wrong time and eventually failed. Now, Facebook is re-issuing coins through blockchain . We will have to wait and see whether it will be successful. Regardless of success or failure, it will be a huge contribution to the popularization of cryptocurrency trading methods and will bring in more individual investors.
Another piece of news that must be mentioned is that the three-month and ten-year interest rates of US Treasuries have inverted again, and the degree of this inversion has hit a 12-year high. The last time such an inversion occurred was in 2007, and everyone has seen what happened the following year - the subprime mortgage crisis. Therefore, whenever this situation occurs, it is an extremely dangerous signal for the future market, indicating that investors are extremely risk-averse and extremely pessimistic about short-term economic expectations. Therefore, global stock markets are falling wildly. Bitcoin, as the best safe-haven asset now, is still expected to be affected by this and gain medium- and long-term benefits. Don't forget that Bitcoin is a product that will rise the more chaotic it is.
Market Analysis
Bitcoin:
Having said so much above, what Kuang Ren wants to express is that Bitcoin has indeed started to see positive capital inflows. Although not many changes have been felt in China, overseas funds have begun their long-term layout. Long-term layout does not mean that it will break through 20,000 US dollars immediately, but is a process of continuous position building. Therefore, no matter what, we must respect the rule that the market will pull back after rising too much. Hold the bottom position, and we will wait for it to pull back to see whether it is a real bull or a false bull, and wait for verification after the pullback.
The market is verifying what the madman said a year ago: Looking back, it is all a drop in the ocean. If you zoom out the K-line after 5 years, you will see the steady fluctuations before $20,000, just as we saw the previous fluctuations when it was $20,000. Let's feel the environment at that time.
My feelings in 2016: Holy crap! Bitcoin is so volatile!
My feelings in 2017: Damn! I just shouldn’t sell it!
Bitcoin has not fallen back in the past two days, and the short-term trend continues to be bullish. Both the USDT premium and the futures premium show that the market's bullish sentiment is still strong. However, at the weekly level, the market owes us a relatively large adjustment, and this weekly adjustment will truly determine whether it is a real bull or a false bull. If it is a real bull, it may be our last chance to get on board.
ETH:
The market has ushered in a compensatory rally, and the price has reached a new high in this round of rebound with large volume. The trend after the compensatory rally will continue to depend on Bitcoin. If Bitcoin continues to rise, ETH can continue to be held.
XRP:
There has not been a large increase in volume yet, so those who hold it can continue to wait patiently.
LTC:
The high level has been trading sideways with Bitcoin, and the linkage effect is obvious. Recently, it has basically followed the rise of Bitcoin, so it will be held temporarily unless it falls below the 5-day line.
BCH:
The BSV surge led to a wave of linkage market, but the trend is still upward, and the 5-day line strategy can be used. If you don’t know what the 5-day line strategy is, you can click on the teaching and learning below the official account.
EOS:
The good news in June has not been settled yet, but the price has increased a lot. Once the good news is implemented, there will be three situations: falling short of expectations, meeting expectations and continuing to move in tandem with the big cake, and rising beyond expectations. Judging from recent remarks, blockone said that the good news is good for some people but not for some people, so the result of this good news may be less than expected. After all, everyone has too high expectations for the good news, and the cost-effectiveness of buying at this position is not very high.
ETC:
It also set a new high for this round of rebound. The ETC curse did not reappear this time, which also shows that market sentiment is high and there is still room for catch-up in the short term.
ADA:
As the market challenges its previous highs again, you can steal some short-term profits. After all, the continuous large-volume shocks have consumed a large number of trapped shares.
BSV:
CSW is simply crazy. He used two pieces of news that were neither true nor false to increase the market value of such a large coin by 4 times in a short period of time, which shocked me. The first piece of news was that Craig Wright obtained the copyright of the Bitcoin white paper, which turned out to be useless. The second piece of news was completely false, saying that Craig Wright moved 50,000 bitcoins from the Genesis account to Binance, and that Binance planned to re-list BSV. I checked and found that it was not true. But even if it was a rumor, it did not fall, and it even hit a new high. This is more suspicious. Could it be that big funds used fake news to pull the market and then trick people off? At the current position, all the locked-in positions have been released, and the main force may do so. Therefore, if this kind of play is called pull-up position building, it means that there will be bigger moves later. However, it has risen 4 times from the bottom in the short term. As an investor, I still do not recommend chasing highs. If there is a shock or a small correction for a few days at this position, consider operating again. If there is a big drop, the above logic will be ignored.
Forked coins collectively recovered today, but the logic of the recovery is completely different. Some are oversold rebounds (SBTC), some are sector linkages (BCD, BTG), and some are along the upward trend (BCH), but they are undoubtedly following the rise of the leading BSV. Therefore, it is enough to speculate on the leading coins in the sector.
There is not much movement in small coins at the moment, but Kuang Ren predicts that some consensus small coin markets are coming soon, so everyone can find small coins at the bottom and continue to build positions. You can use the ambush tactics in the teaching, which has been tried and tested!
Author: Digital Currency Trend Maniac
Disclaimer: The market analysis in this article is for reference only and does not constitute any investment advice or suggestions. Please control your own risks. Thank you. |
