CRYPTOCAP:TOTAL2   Crypto Total Market Cap Exclude BTC, $ (CALCULATED BY TRADINGVIEW)

As of 8:30 am on November 6, the total market value of digital currency is $2428.1 billion, excluding bitcoin , which is $74.8 billion. This wave of market, we have seen an obvious phenomenon, is speculation altcoin. As bitcoin's share has declined, many previously committed bitcoin holders have begun to wonder if there is something wrong with them. Start selling bitcoins and buying altcoin. Is this a repeat of April 2018?

We cannot see this logic at any level. The backdrop to 2018 is the great leap forward in ico , when the market value of new supply surged. At present, there is no basic support, what is the logic of hype altcoin?

Is it based on China's loose policy on blockchain? It is far-fetched to say that blockchain is cryptocurrency, and the Chinese government has always supported blockchain without currency, so the purpose and basis of this hype are not clear.

I suggest that we should pay attention to risk control. If the market in the first half of this year is those trapped whales, institutions of the solution set market, then this wave may be the project and "pyramid selling", "banker" the best opportunity to run.

Strategy: this is not a buying opportunity, please wait for the trend to clear, bitcoin is more valuable than most altcoin in the long run
很多人说自己是“小白”,看不懂技术指标。首先我要说一下,赚钱与否和你看得懂指标没有必然联系。
所谓大道至简,除非你想成为分析师,否则没必要花费太多精力去研究图表;如果你的目标是赚钱,只要设定标准,严格执行,并不难。
搜索微信peng2580908,获取更多资讯。信者恒信,好的分析如良药,再贵有人买。
nah
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