BTC logic does not hold up the market FOMO sentiment is too high
From the daily chart, 10.25~26 was affected by policy news BTC extremely rapid pulling up, and on the 26th volume broke the four-month decline wedge, at first glance, the spring of BTC seems to be coming.
I would like to make a personal comment here, if you insist on bullish future market can ignore the following information:
The volume breakthrough on January 26 did not succeed, and the closing line was above the wedge, which made the author curious why the falling wedge should be closed again at such a big cost to break through. Besides, I tried again on 26th and 28th, but failed.There is a great possibility that this short rise of the pola is the main so-called, see "4."
2. From the perspective of trading volume, it has fallen to the level before 25th, and the market is slowly coming to its senses, which is also reflected in the stock market. (on Monday, more than 80 stocks in the 150 block chain plate rose by the daily limit, and only 2 stocks were even.50 on Tuesday, only 10 on Wednesday were partially down.)
3. The k-chart shows a continuous cross star shape, indicating that the market is choosing the direction (combined with the first two points, I think it should be downward).
4. The author observed the capital flow of BTC currency on 26th, and found that there was a net outflow of about 4 billion when BTC was rapidly rising, and the capital was slowly flowing in after a period of time.It can be inferred that BTC's extreme pull up cost may not be high, this period of pull up did not have many investors involved, on the contrary.The author believes that the more likely is that investors after seeing the rise in the high take, only in this case can explain the flow of funds from negative to positive first, and in the flow of funds is negative situation can pull up so much.
5. If I were the main force, I would be very pleased to find such a good opportunity to part of the goods in the vicinity of 9500~10000, and retail investors would be more likely to receive the belief that the blockchain has a bright future to recharge, and firmly hold the chips in hand.In the main view, perhaps this is a wave of uninvited trap plate.
6. As an investor, would you believe that if this rally allowed retail investors to absorb so many chips, the bull market of BTC halving would be so easy to come?Will the main player give you such a good chance to enter?
Based on these views, the author believes that the logic of BTC rising is not valid. Although the country has started to study the block chain technology and the block chain has a bright future, the block chain technology is not the same as BTC, and the technology should benefit the people rather than be put on the exchange so that the capital can be operated.In the days when the policy has just changed, when the media are reporting the bright future, we should stay awake and avoid the sugarcoated shell of the main force.
I would like to make a personal comment here, if you insist on bullish future market can ignore the following information:
The volume breakthrough on January 26 did not succeed, and the closing line was above the wedge, which made the author curious why the falling wedge should be closed again at such a big cost to break through. Besides, I tried again on 26th and 28th, but failed.There is a great possibility that this short rise of the pola is the main so-called, see "4."
2. From the perspective of trading volume, it has fallen to the level before 25th, and the market is slowly coming to its senses, which is also reflected in the stock market. (on Monday, more than 80 stocks in the 150 block chain plate rose by the daily limit, and only 2 stocks were even.50 on Tuesday, only 10 on Wednesday were partially down.)
3. The k-chart shows a continuous cross star shape, indicating that the market is choosing the direction (combined with the first two points, I think it should be downward).
4. The author observed the capital flow of BTC currency on 26th, and found that there was a net outflow of about 4 billion when BTC was rapidly rising, and the capital was slowly flowing in after a period of time.It can be inferred that BTC's extreme pull up cost may not be high, this period of pull up did not have many investors involved, on the contrary.The author believes that the more likely is that investors after seeing the rise in the high take, only in this case can explain the flow of funds from negative to positive first, and in the flow of funds is negative situation can pull up so much.
5. If I were the main force, I would be very pleased to find such a good opportunity to part of the goods in the vicinity of 9500~10000, and retail investors would be more likely to receive the belief that the blockchain has a bright future to recharge, and firmly hold the chips in hand.In the main view, perhaps this is a wave of uninvited trap plate.
6. As an investor, would you believe that if this rally allowed retail investors to absorb so many chips, the bull market of BTC halving would be so easy to come?Will the main player give you such a good chance to enter?
Based on these views, the author believes that the logic of BTC rising is not valid. Although the country has started to study the block chain technology and the block chain has a bright future, the block chain technology is not the same as BTC, and the technology should benefit the people rather than be put on the exchange so that the capital can be operated.In the days when the policy has just changed, when the media are reporting the bright future, we should stay awake and avoid the sugarcoated shell of the main force.