Market analysis:
Bitcoin has been trading sideways at a low level for the 21st four-hour K-line, and has been trading sideways for more than 80 hours. There is no hot spot on the market, and all coins are waiting for Bitcoin to choose a direction. In terms of form, Bitcoin's 4-hour K-line is relatively weak. In the past 80 hours, it has not been able to stand on the 25-day moving average, and the center of gravity is slowly moving downward.
The problem for Brother Rou is that if he goes long, he is worried about a sharp drop in the bitcoin market. If he goes short, basically all altcoins have fallen to the support of the moving average, and the resistance to short selling is relatively large. Therefore, the best approach is to go short and wait for a direction to be chosen before formulating a strategy.
With the correction of Bitcoin, the current hot spots have lost their value. The market needs to find a new direction to welcome the next wave of Bitcoin rebound after the correction. Let's put an eye on it first and pay close attention later.
First: Hong Kong concept. Hong Kong concept has experienced a sharp correction with the end of the web3 conference, but there is another piece of news on June 1 that may have an expectation gap, that is, cryptocurrency officially began legal trading in Hong Kong. I personally feel that this news should not be very useful, because basically everyone knows that it has already been priced in, and the positive may exist in a longer-term form. However, it is also worth paying attention to it, so that if it is hyped up, you can participate in time.
These are the only two that I can think of for now. If you have any new ideas, you can send me a private message and I will analyze some of them. Maybe there will be something I can do about them.
Trading volume ranking:
They are all old faces, except for the new IDEX, but the trading volume is too small, which does not conform to the Rouge strategy, so I will not pay attention to it, and there is nothing else to analyze.
Meat brother operation:
Yesterday, I bought 3 times the principal of LTC, which was 280,000 U. Later, I found that the trend of Bitcoin was too weak and difficult to predict. I was afraid that a sharp drop would cause me to lose too much, so I shorted an equal amount of BTC to hedge. In this way, it is equivalent to buying LTC/BTC exchange rate, which is still very stable in terms of exchange rate. This morning, I felt that Bitcoin’s four-hour pattern was bearish, so I simply added 10 short Bitcoins. The effect of these two positions combined is that I bought 3 times the LTC exchange rate and shorted BTC with my principal.
Expected operation of Rouge:
If Bitcoin falls sharply, but the LTC exchange rate does not collapse, I will close my short position on BTC. If BTC rises sharply and breaks through the 4-hour key resistance moving average, I will also close my short position on BTC.
Someone asked me if this is equivalent to being short? You are wrong. I have just experienced a period of frequent operations. It is very uncomfortable to have no positions now. It is the easiest time to make random orders and lose money. Opening such orders now can effectively prevent me from making random orders and causing retracements. Secondly, the exchange rate of LTC does show a bullish trend. Although the increase may be smaller, every little bit is still meat. I want to eat it!!!
