Is the altcoin frenzy about to begin? Which obvious targets have already started to move?

蟹老板的进击之路 · 2023-07-02T06:36:58.000Z

Let’s talk about Lite: Yesterday, a group of friends told me that Lite has reached 110. Originally, I was too lazy to talk about this currency. Let me explain my point of view again. This Lite is probably not the east wind of halving, because you can see the following 2015 The two halving trends in 2019 and the high point of DASH this year indicate that Lite has passed the high point of this wave of halvings. Therefore, the recent rise is still what I said yesterday. This is a very unreasonable trend of the old mainstream. BCH and LTC are obvious representatives of the old mainstream, and they are also the two tokens with the strongest rise in this wave. I can't tell what will happen next, and I can't predict the emotional side of things, but I will definitely go back and forth from there in the end.

Let’s talk about Litecoin: Yesterday a group friend told me that Litecoin has reached 110. Originally, I was too lazy to talk about this currency. Let me explain my point of view again. This wave of Litecoin is probably not driven by the halving, because if you look at the halving trends in 2015 and 2019, as well as the high point of DASH this year, it means that Litecoin has passed the high point of this halving.
Therefore, the recent rise is what I said yesterday, this is a wave of unexplained market in the old mainstream, BCH and LTC are obvious representatives of the old mainstream, and they are also the two tokens with the strongest rise in this wave. I can’t judge how it will go in the future, and emotional things are unpredictable, but in the end it will definitely go back to where it came from.
The Federal Reserve may raise interest rates twice in July and September:
Powell said that there is a possibility of consecutive rate hikes in July and September to curb persistent price pressures and cool down the unexpectedly strong US labor market. This fact clearly shows that this wave of market will not last long. With this pressure, how can there be a carnival in the capital market? Is it realistic?
Rotation of the gainers list: the old B that rose in the past few days were mostly BCH and LTC, and now they are gradually switching to QTUM\XEC waiting, which is obviously the end of the market. Unless there is a sector that takes over the old coins in the future, this wave of old coin market will not last long.
In terms of sectors, this wave is led by the prince, the old mainstream is rotating, and the halving currencies are also advancing by leaps and bounds. There are currently two ideas for operation: short-selling strong currencies. The metaverse sector shows some signs of strength during the day. Flow, high, and sand can all be used to short-sell. The old currencies such as near, kava, algo, and mask can all be ambushed. As long as the big trend comes, even a pig can fly to the sky.
Finally, there are many currencies and it is impossible to catch them all. Those who are watching the news should keep an eye on the news coins, and those who are making position layouts should hold on patiently. Most currencies will have opportunities, so just communicate more about the positions of individual currencies.
I think other large-cap altcoins will still rise, such as Polkadot, Metaverse, and storage;
1. Funds are still mainly from Europe and the United States. In the past, they tended to favor large market capitalization, and now they are still large. The funds coming in are also large funds. Although there are more fund diversions, including Hong Kong, Japan and South Korea, one after another is accumulating power, but it represents that it has been revitalized.
2. The guidance of news accounts for the main part. Whether it is acquisition or the power mechanism below, it is all for the purpose of pulling up the plate faster. When you see relevant information in the future, such as FTX's restoration of 7 billion funds, the diary on the 27th mentioned it. You must know how to deduce it, and it may be predicted;
3. The 2024 halving is still a direction that institutions and retail investors are optimistic about. Certain things must be certain. It is never too late to make a layout sooner or later. Judging from the BCH incident, there will definitely be a market next year. Although the current price has risen, it is still at a low point. For example, ZEN, FIRO, etc., when they go down, you can still make fixed investments and extend the time.
4. The old market values ​​have been underestimated for a long time in the first half of the year. To put it bluntly, they have not risen for a long time. For example, BCH has been around US$100 from June 2022 to now. It has been accumulating funds for a year. If it does not rise, the whole circle of friends will discuss it. Undervalued stocks will definitely rise, no matter how old, small, or garbage they are.
Summary: You can understand this rebound in the second quarter as a preview of the future bull market. You can see that most people go through a process from disbelief to belief, to complete conviction, and from never getting on the bus, to getting on a little, to not daring to get on the bus and missing out. This is also the reality for most people in the future bull market. Only a few people will make money. What you need to do is to be one of the few. Stick to your direction, insist on regular investment, stick to the coins you like, and wait for the wind to come.
Regarding the current market situation, I think it is not over yet; I maintain the previous judgment. In the short term, the key position is 34,000 to 35,000. This position is likely to be touched. For example, institutions bought 12,333 Bs at an average price of 29,600. E is still over 2,000. There is not much profit at present. You must remember that institutional funds have costs. They will not stop until they make a satisfactory amount of money. They will not stop at a slight increase.
The remaining sectors will still rebound. It is a trend market. For those with positions, you can participate in the short-term 1~2 layers to practice. For those with full positions and too large gains, such as BCH, you can take profit and switch positions. You can see that no matter which coin is going up, it will keep going up, so hurry up, ambush those that have not risen or moved, and don't hesitate any longer. Seize the moment to make money.
For the long term, it is the early stage of a big cycle as a whole. I have said it ten times. If there is a rise, there must be a fall. If it rises too much, there will be adjustments. This is how it played out in the first half of the year. There is a high probability that it will go back in the second half of the year. It is possible to either spike or re-bottom out. For those who have not gotten on the train, it will be an opportunity, and this will also accelerate the arrival of the big bull. In short, after enduring for 2 years, I am looking forward to 2024 even more. Let's look forward to it together.
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