Where is the Tenno-level project that was once snatched by the agency now?
The madman said
There is no increase in currency prices; however, there are more and more crooks. Recently, all kinds of crooks under the banner of Binance, Huobi, Gold Finance, and Coin World have frantically rushed to the market through telephone channels. They used to cut chives piece by piece, but now they can only cut them one by one to defraud the funds in the hands of chives through peer-to-peer marketing methods. These top exchanges and media won't be idle to call you to sell products or attract groups; everyone should be wary of this kind of scam.
Two days ago, crazy people were pulled into one of Huobi's big customer contract groups. This group is not a scammer group. It is indeed Huobi's official act, but after entering, I found that less than half of the people in the group were in the industry, and less than half had seen them in various groups. If you repeatedly flip through the WeChat groups and find that every group is these people, this indicates that investors who survive in the market are becoming more concentrated, and there are fewer and fewer active investors. This is one of the signs that the market has reached a freezing point. Therefore, once the market reaches a freezing point, a phased rebound will not come quickly. Overly pessimistic, although winter is difficult It boiled, but it passed quite quickly. Mad people look forward to the dawn with everyone.
In the past two days, there has been quite a bit of negative news about matcha on emerging exchanges. “Joint projects cut chives”, “crazy launch of air coins”, “smash the market through data”, etc., including some self-media players who have been attacked by people who recommend fans to trade matcha. The appearance of this negative news is often not made up casually, at least it is well-documented, so the fanatics once again reminded everyone to try to trade coins on leading exchanges. The small exchanges on the second tier, third tier, four, six, seven, seven, and eight are still as far away as possible. Exchanges have limited profitability if they are not able to do it quickly If you make money, you face the risk of losing money and going out of business, so you have more motivation to cut chives. On the other hand, a few leading exchanges make several billion dollars in profit a year. To get rid of your reputation for tens of trillions and 100 billion dollars, it's a completely unworthy trade, so the motivation to cut chives will be extremely weak.
Many people complain that the coins in their hands aren't rising. In fact, it's not your fault; it's a market problem. Think about the projects that claim to be at the Heavenly King level in 2018, which are now non-lethal, such as RSK, BLZ, ZIL, POA, ORCHID, ONT, DIFINITY, etc., all of which were coins that squeezed their heads and couldn't get a quota. Not to mention the unknown junk projects we have. Think back to this year's IEO, what NEW, TOP, CELER, BLOC, and which maverick is there? They all went live in a wave and then directly cut back. This shows that the essence of the market has not changed. So in a bear market, learning to short positions and participate less in small currency transactions is the best strategy.
Market analysis
Bitcoin:
Yesterday, fanatics saw Bitcoin rising. Many mainstream coins emerged from the weak market. They naively thought that market capital could join forces to participate in Bitcoin and get out of the vampire market, but they didn't know that the market was weaker than expected. Flatbread went downwards with the mainstream, and there was no sense of going long. Most mainstream coins have shown a weak trend since yesterday. Today, volume has declined, and it has basically deteriorated in the short term. The only point of interest now is whether capital will save Bitcoin in the evening and extract an undercut line.
However, judging from today's overall market, the bullish sentiment is not strong. I'm afraid we will have to wait until a new low diverges before we have a good chance to increase positions. Since the market chose to weaken, we will follow the trend and wait patiently. Investors who invest in Bitcoin in the medium to long term don't need to worry about this; they can just stick to the plan.
Bitcoin strongly supports 7850 in the short term. It is expected that the market will continue to fluctuate mainly in the future, with an oscillation range of 7850-8150.
ETH:
Volume is weakening, and it is expected that the market will mainly decline further in the future.
XRP:
Today's decline is insufficient, which indicates that bears are not very strong and will continue to be linked to Bitcoin's shock in the short term.
LTC:
It has been very weak for the past month. The market is likely to take the lead in hitting a new low in the future, so I will not participate for the time being.
BCH:
Following the trend, BSV has risen a bit. It has gone back and forth today. This is a typical weak market. After a day, it fell back, and the market continued to follow BSV's trend. Overall, it was relatively weak.
BSV:
Whether the volume of decline can be significant today, but the magnitude is quite deep, indicating that short-term speculators are making profit settlement moves quite clearly. Market acceptance is not enough, but the momentum for these short-term investors to continue to decline is not strong. It is expected that the market will mainly fluctuate around the 5-day line in the future.
EOS:
The bulls buy on the left side in this position, but it is estimated that the market will have to dig a hole in the future, so we retail investors don't need to worry and wait for the right side to appear to consider it.
HT:
It's not very strong in the short term. Take it first. The 2.9 platform isn't very easy to fall below in the short term.
BNB:
The range continues to fluctuate, and there is currently no direction.
Today's market is very weak. Some of the weak ones have exceeded expectations, but the strength of the decline is not strong, so don't worry too much. Avoid the weak coins mentioned above. Others hold positions first, fluctuate the market, and don't chase the rise or fall!
Source: Digital Currency Trend Maniac
