In the currency circle, you must know that the project team is responsible for organizing the market, the market maker is responsible for pulling the market, and we are here to gamble. It is essentially a capital market game.
Don't believe what technology, innovation, or pattern the project party says. You just need to understand what story he is telling and whether this story can attract funds. If there are market makers who are pulling the strings and destroying the market, then we have to play and don’t believe in any pattern. Others can set up the primary market, which is low-cost or even zero-cost. In the secondary market, isn't it just to talk about the layout with others and take over the business?
We, leeks, must have the consciousness of leeks, and don’t create any arrangements with project developers and market makers. If market makers have funds, they can do other things, and they don’t have to play in your currency circle. The project side has a team. If this project fails, we can continue to work on the next project. We just follow the market maker's pull and smash the market to make some money and that's it.
So is there a pattern to the rise and fall? Yes, and it is a cyclical pattern.
This is a weekly line chart, with a line drawn every 63 days, that is, 9 weeks, divided into 24 groups in total. You can carefully observe the K-line trend within 63 days. Are most of them irregular m or w? Of the 24 groups, only 6 are not, and one group has not been completed.
Look closely at the candlestick chart again. Do the big market trends basically appear on every line and in the middle of two lines?
This division is to make yourself more clear about the trend, whether it is an upward trend or a downward trend, and make a rough prediction. The prediction is to give yourself a general direction for trading. If you are wrong, you will have a stop loss, and if you are right, you will make money.
You can try to find the patterns for other altcoins yourself. Not all of them apply. I mainly use this to judge the general direction of BTC, ETH, BNB, etc. within 63 days.
This week is coming to an end, so do you have an idea of what the trend will be next week?