Keep an eye on the key metric -- bitcoin at the crossroads

The current trend should be said to be a very complex stage, any small error, can lead to the overall passive, especially spot traders. I've always stuck to the standard of trading on the right side, because in a highly speculative market, safety is always a priority.

Why do you have to follow the right-hand side? If you look back at the last three weeks, you might know the answer.


At the end of October, we see the COINS in positive stimulus out of the strong rally, but after we find in a volatile market, and there are no many analysts expect a bull market, there are several factors, I also mentioned many times before, the positive stimulus is altcoin, because is only one China policy of the market, limited impact on the global market. But why is bitcoin up 40 percent? I think on the one hand, some people buy bitcoins to get funds into the market (because the supply of tether is not enough), and they really want to hype altcoin. On the other hand, the early locking up of the agency, the potential to pull up shipment. So after a 40 percent rally, there's no bull market.

Since the purpose of this part of capital is to hype altcoin, I think they will choose to leave after altcoin hype is over.


So now, if you are fighting in altcoin, it may be a good choice, but you should pay attention to risk control. Although the main force is full of opportunities when it comes, it will leave everywhere with corpses.

For most of you, maybe you're not that fast, or maybe you're just a big believer in bitcoin, so let's watch what happens next

Now more than 20 days, let this situation become more and more ugly, but sideways is not the goal, the market will eventually choose breakthrough, as for the direction, I can't tell you now, but there is a very good indicator, I mentioned many times before, and I like it very much - ma18, we see the daily ma18 near $9090 above, this is a very important standard, broke through, we can have a good long, otherwise, I would rather wait for the fall more than $7000 to look for opportunities.