Cryptocurrency News
November 10 Highlights:
1. Former CFTC Commissioner: It is unlikely that the SEC will propose anti-cryptocurrency measures again during Biden's term.
2. dYdX announces the launch of the dYdX Unlimited upgrade version in November.
3. FTX sues Anthony Scaramucci and SkyBridge Capital to recover funds.
4. A trader spent 15 SOL to purchase 28.99 million $ZEREBRO 12 days ago and currently still holds 10 million, which has appreciated to $815,000.
5. Base network TVL surpasses $3.5 billion, setting a new historical high.
Trading Insights
Things to understand for a larger cycle: 1. You will never sell at the highest point; you can only sell in batches. 2. Once sold, don’t think about buying back after a short-term drop of 20%. If the bull market reaches a larger cycle (peak area), even if it drops 40%, it is still in the peak area. 3. A true bear market will spiral down for at least a year. Bitcoin may drop 50% twice, mainstream coins may drop 70% at least twice, and altcoins may drop 90% at least twice. 4. Once sold, don’t think about a drop the next day; it may oscillate for months before officially crashing, possibly oscillating for half a year before crashing. In short, it won’t crash immediately after you sell; even if it crashes, it will take over a year to reach the bottom. 5. When the market rises to the peak area, the scary part is not selling too early, but selling and then waiting a long time without seeing a crash. Lowering expectations to buy back after a 30% drop is fine. As long as you buy back, there are no exceptions at the peak area of the larger cycle. Because a 30% drop in the peak area is still in the peak area. The oscillation time in the peak area is far longer than the main upward wave time. It could be 3 months of main upward wave and 9 months of peak area oscillation. Refer to the last cycle, where the peak area was $40,000 to $60,000, and the oscillation time was much longer than the main upward wave time. As long as you sell and can’t resist buying back within half a year or a few months, even if it drops 30%, it may still be at the peak area of the larger cycle.
LIFE IS LIKE
A JOURNEY ▲
Below are the actual trading signals from the Big White community this week. Congratulations to the friends who followed along. If your operations are not going well, you can come and try it out.
The data is real, and each order has a screenshot from the time it was issued.
Search for the public account: Big White Talks About Coins
BTC
Analysis
Bitcoin's daily line rose from a low of around 75,700 to a high of around 76,950 yesterday, with the dual lines around 76,650. It is currently just a step away from 80,000. The support below is near the MA7 moving average, and a pullback can be used to buy more. The MACD shows bullish momentum. The four-hour support is near the MA14, and a pullback can be used to buy more. The upper pressure is around the 80,000 mark, and the MACD shows a decrease in bearish momentum, with signs of a golden cross forming.
ETH
Analysis
Ethereum's daily line saw a surge yesterday, rising from a low of around 2,955 to a high of around 3,155, closing at around 3,125. The support below is near the MA200, and a pullback can be used to buy more. The MACD shows bullish momentum. The four-hour support is near the MA7 moving average; if it breaks, it can be looked at near the MA14. A pullback can be used to buy more, with the MACD showing bullish momentum.
Disclaimer: The above content is personal opinion and for reference only! It does not constitute specific operational advice and does not bear legal responsibility. Market conditions change rapidly, and the article has a certain lag. If you have any questions, feel free to consult.
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