Cryptocurrency News
September 16th Hot Topics:
1. Circle: "Confident" that stablecoins will become mainstream currencies, more internet payment companies will try to enter this field.
2. The cryptocurrency project World Liberty Financial, supported by Trump, is about to be launched, and has invited the co-founder of Scroll to join the advisory team.
3. Trader Eugene: Last time at Token2049, the market partially bottomed out, indicating the start of a new season for altcoins.
4. DeGodsNFT announced the launch of the DEGOD token, which users can convert through DeGods, y00ts, or DUST.
5. The current block reward has exceeded 100 FB, with 67,227 new FB addresses added in the past 24 hours.
Trading Insights
An analysis of the market manipulation strategy! Summarized the following points to share with everyone! 1. Absorb chips during the decline, control the majority of chips, and open long contracts. 2. Cooperate with the positive news from Korean exchanges to aggressively push up the market. 3. Expand the spot contract price spread, allowing the manipulators to profit from long positions. 4. Use the profits from long positions to absorb spot selling orders, maintaining a sideways or upward movement in spot prices. 5. Once the fees from short positions are mostly consumed, wait for these short positions to be withdrawn, then continue to push up the spot market and continue to lure short positions. Establish a bullish trend all the way up and kill short positions all the way down. 6. Wait for the manipulators to be satisfied, then enter a long period of decline, with intermittent rebounds, making it easier for the manipulators to unload their positions. 7. The methods are extremely brutal and cunning, and ordinary people cannot withstand them. The response strategies: 1. Buy spot, there are probably two more waves of rallies, and a 5-10% profit should not be a problem. Cooperate with the manipulators to go long and make money by hitching a ride. 2. Open long positions. This is risky. The manipulators will make retracements based on the strength of long and short positions. It's not so easy to hitch a ride on this train. 3. Wait for a retracement signal before opening short positions, and the signal is not clear in the short term!! Also, a reminder to everyone, the cryptocurrency market is full of uncertainty and challenges, but it also contains potential opportunities. When participating in cryptocurrency investments, investors should fully understand the related risks, maintain a calm and rational mindset, and respond to market changes with a prudent strategy!
LIFE IS LIKE
A JOURNEY ▲
Below are the real trading signals from the Da Bai Community this week. Congratulations to the friends who followed. If your operations are not going well, you can come and try it out.
Real data, each signal has a screenshot taken at the time.
Search for the public account: Da Bai Lun Bi
BTC
Analysis
Bitcoin gave a long entry near 58180 yesterday, currently in a profitable position. The daily chart showed a pullback from around 60400 to around 58700, closing near 59100. The resistance is near MA30, and the support is near MA7. If it breaks below, it may see MA14. A retracement can be made near the support. The MACD is showing a shrinking bullish trend. The four-hour chart shows resistance near MA200 and support near MA120. If it breaks below, it may see MA90. A retracement can be made near the support. The MACD is showing an increasing bearish trend and forming a death cross. A retracement can be made near 58080-57380 for a long entry. The target can be seen near 58600-59000.
ETH
Analysis
Ethereum's trend is relatively weak. The daily chart showed a decline from around 2430 to around 2280, closing near 2315. The resistance is near MA14, and there is repeated testing of support near 2240. The MACD is showing a shrinking bullish trend and signs of a death cross. The four-hour chart shows resistance near MA60 and support near 2200. A retracement can be made near the support. The MACD is showing an increasing bearish trend and forming a death cross. A retracement can be made near 2210 for a long entry. The rebound target can be seen near 2240-2280. A mid-term retracement can be made near 2167 for a long entry. The rebound target can be seen near 2240-2320.
Disclaimer: The above content is for personal reference only and does not constitute specific operational advice, nor does it bear legal responsibility. The market situation changes rapidly, and the article has a certain lag. If there is anything you don't understand, feel free to ask for advice.
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