Madman said…
Another week of money-making effects has passed, and this rhythm has lasted for nearly three weeks. This level of trend and amplitude is enough to make all position holders recover significantly, so it is the first step to start paying attention to short-term risks at this position. Looking at the K-line, Bitcoin 4H is still in a volatile range, which coincides with the weekend in Europe and the United States. It is expected that the possibility of continued shocks is relatively high. It is basically impossible to directly break through new highs and stand firm, and it is a high probability event that the shock will fall back to 22000-22500. . The focus next week will be the Federal Reserve's interest rate decision. Listen to what Powell said. Whether it will gradually turn from hawk to dove is the focus of the press conference. The real big scene is likely to be after the interest rate hike is implemented in February. At that time, it is a good time for big funds to choose to continue the attack.
As for small coins, those that float in waves belong to the majority, and those that can be continuously hyped are often supported by big casinos. For APT, we just consider giving up on the highs. For MAGIC, we have already taken game tokens. For a long time, but it seems that there is no intention to stop. After all, the new currency has hit a record high and is no longer locked up. It is a paradise for speculators. Today, companies like GALA and TLM are following the trend, so be careful to pursue it; HOOK was also on Binance at that time. IEO, projects invested by oneself, are also classified as sub-new coins and game tokens, and are expected to compete with MAGIC; in addition, second-tier public chains such as AVAX, ALGO, etc. have begun to make up for the increase, which is not a good thing. Every time they make up for the increase, A currency (weak currency) rush is often the end of a phase, and you have to wait for the next wave of upward attack after a correction or continuous sideways trading.
To sum up, it is better to pay attention to short-term risks. Don’t heal the scars and forget the pain. Profit and loss come from the same source. Keep this in mind.
Statement: The article only represents the author's personal views and opinions, and does not represent the objective views and positions of the blockchain. All contents and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and transactions, and the author and Blockchain Client will not be held responsible for any direct or indirect losses caused by investors' transactions.
This article [Madman Talks about Trends] It is a fantasy to directly break through new highs and stand firm, and it is a high probability event to fluctuate back to 22000-22500. It first appeared on Blockchain.
