The world is bustling, all for profit; the world is bustling, all for profit! Hello everyone, I am your friend Lao Cui talking about coins, focusing on digital currency market analysis, striving to convey the most valuable market information to the vast number of coin friends. Welcome to all coin friends' attention and likes, and refuse any market smoke screens.
Finally, I can take some time to chat with everyone about the trends. More and more coin friends are complaining about Lao Cui disappearing after every wave of market predictions, and this issue is indeed hard to overcome. Since Lao Cui started in this industry, whether it was previously in the Penguin News sector, Binance, or currently Baidu, I have accumulated many connections. When the market comes, Lao Cui can only remind everyone, but for entering the market, I will definitely rely on my old friends. I still hope everyone can be more understanding. Currently, in the entire cryptocurrency market, I don't need to say much; most users are definitely in a profitable state. The only thing Lao Cui is worried about is that there is no trend of any pullback during the current growth phase. To put it simply, whether it is Bitcoin or Ethereum, the trends in the past two days have been almost one-sided; as long as you go long, you can make a profit.
It can be said that since the 26th, Bitcoin has risen from a low of 66,439 to a high of 73,260 on the 29th, an overall increase of nearly 7,000 points. The normal pullback depth should be around 3,000 points, but the current pullback depth has only reached yesterday's low of 71,436, which is even less than 1,000 points, leaving no room for bears. Here, let the data speak: a net inflow of 110 million USD in one day, and the value is still on the rise, reaching 3.08 in the past seven days, with only a net inflow of 66.06 million in thirty days. This figure actually reflects a very big problem. First, the average price in September hovered around 60,000, but in October, with just over 60 million inflows, the coin price increased by 10,000 points. This figure is very frightening, indicating that the holdings of the giants are increasing and they have not sold. At the same time, from the holdings of Grayscale and BlackRock, it can be seen that Grayscale has nearly 200,000 Bitcoins exiting in a month, almost all of which have been absorbed by BlackRock. The market makers are changing hands, which is good news for the cryptocurrency circle, proving that its liquidity is stronger. The era belonging to Grayscale can be said to have officially ended this year.
Everyone needs to pay attention to the capital flow of Ethereum. The entire Ethereum market has been in a state of outflow for both long and short positions this month, with a net outflow of 185 million. This is not good news for the entire market, indicating that the market makers are crazily offloading while retail investors are picking up the pieces. Currently, there is only one true god in the cryptocurrency circle, and it is better to keep an eye on Bitcoin. The difference between Ethereum and Bitcoin is that the entire capital has not paid much attention to the Ethereum market. The recent wave of following Bitcoin's rise has not had much effect, and the rapid decline is entirely due to human factors preventing Ethereum from continuing to grow. When the bull market arrives, the return rate of Ethereum may be far lower than that of Bitcoin, but this does not mean there are no profits. When choosing to hold Ethereum, one should align with the giants, reducing Ethereum holdings and increasing Bitcoin holdings is the optimal choice. Judging from the capital volume, Bitcoin is likely brewing a wave of market trends. Those who missed the previous opportunities should not miss this one.
There is no need to worry about the pullback depth of Ethereum. It has always been sufficient, so even if a wave of crazy growth comes later, it is within reason. When trading Ethereum, one needs to guard against short-term declines. The overall direction will not be contrary to Bitcoin; however, when trading Ethereum, everyone should keep an eye on the market and be ready to exit at any time. Let's take a look at the trends from a technical perspective. In the daily chart, the moving average trend of Bitcoin shows that the seven-day average is far above the thirty-day average, and the short-term buying power is also far greater than the selling power. The three lines of the Bollinger Bands are clearly showing an upward trend, indicating a bullish trend. This kind of trend is afraid of sudden pressure from the upper track, which would mean that the bullish force suddenly withdraws funds. Once a turning point appears, it could lead to a significant drop. Looking at both, it seems that there will be another wave of growth, but this time, unlike the previous two times, there has not been a large-scale pullback. This time, the accumulation from previous times will be completely broken, which means that the pullback strength and depth after the rise will significantly increase. For those going long, do not be too greedy; you can hold a light position for the long term, but if profits exceed 2,000 points, withdraw in time. The MACD formed a golden cross on the 28th and has not yet shown a downward death cross, indicating that the momentum still exists. Combined with the two indicators above, it suggests that the next wave of growth may not be too far away and could happen in the next few days. The KDJ and RSI values are approaching oversold territory, and the selling intention is not too strong. The short-term bearish signs are also not very obvious. All signs indicate that Bitcoin is definitely brewing something; the opportunity is really coming.
Lao Cui's summary: In the next few days, Lao Cui will definitely need to get busy and communicate more with my old friends, so if you can't find Lao Cui, you can directly follow my private messages, and I will reply to everyone in a timely manner. There are quite a few things to remind regarding the contract aspect; the current contract trends will definitely become more intense. Whether in profit or loss, it is essential to control your emotions. Lao Cui knows that everyone can profit by reading this article, and I support everyone to read extensively for reference before investing in the market. The current pattern of the cryptocurrency circle is gradually transforming from a speculative market to an investment market. Although the process is very arduous, it may be the best outcome for the entire conclusion. The growth of Bitcoin is definitely a foregone conclusion; it just depends on when you enter the market. Currently, it is suitable to ambush long positions and not conducive to the profitability of short positions. What everyone needs to do now is to enter the market and ambush in advance. As long as a pullback occurs, you can boldly go long, and after making a profit, exit early. There may not be many opportunities to capture more than 2,000 points in Bitcoin contracts in the future, so be sure to seize this chance. For users who cannot grasp the entry point, remember to find Lao Cui. It is very easy for Bitcoin to reach 80,000 within the year. Let's revisit this article at the end of December. Holding light positions at any point is just a matter of time. That's all for now; everyone can make their own judgments!
Original creation by WeChat Official Account: Lao Cui Talks About Coins. For assistance, please contact directly.
Lao Cui's message: Investing is like playing chess; a master can see five, seven, or even ten steps ahead, while a novice can only see two or three steps. The master considers the overall situation and strategizes, not focusing on individual pieces or territories, aiming for the ultimate victory. The novice, however, fights for every inch, frequently switching between long and short positions, only competing for short-term gains, resulting in frequent entrapment.
This material is for learning reference only and does not constitute trading advice. Trading based on this is at your own risk!
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