Interpretation of cryptocurrency market on OCT 18 2022
The market continued to fluctuate slightly yesterday. The previous point of view remains unchanged; it is currently at the end of the bear market, and the volatility is highly convergent. It is difficult to judge the direction of long and short soon, but this is the relative bottom in the long run.
Why can't you blindly open a full position at the end of a bear market, even if it's double the leverage? We can refer to the market at the end of 2018, which is also the end of the bear market, and there is also a period of highly converging fluctuations first. However, it was followed by a round of slumps and then returned to a narrow range again. It was not until April of the second year that it ushered in a long red line that marked the beginning of a bull market.
It is what the previous article prevents: if there is a slump, half of the funds can be diluted. If there is no slump, the signal on the right side of the bull market is also pronounced, and the remaining funds in the hand will be kept on the right side to chase in.
Why can't you blindly open a full position at the end of a bear market, even if it's double the leverage? We can refer to the market at the end of 2018, which is also the end of the bear market, and there is also a period of highly converging fluctuations first. However, it was followed by a round of slumps and then returned to a narrow range again. It was not until April of the second year that it ushered in a long red line that marked the beginning of a bull market.
It is what the previous article prevents: if there is a slump, half of the funds can be diluted. If there is no slump, the signal on the right side of the bull market is also pronounced, and the remaining funds in the hand will be kept on the right side to chase in.
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