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 Provide value, and help some people double their earnings… and then double them again Friday, April 19th March 15th Those of you who work hard are the ones who have the time to watch the market in your spare moments: I, Dongxie, would like to share with you all what the current state of the market is. The current trend in the market is very similar to that of March. The broader market is seeing smaller trading volumes, but it is still making gradual upward moves, gradually approaching the highs from January and February. Volume decreases but prices reach new highs. The difference is that the time frame was simply too short; the entire month of March was spent building up momentum, before an outbreak occurred in the first week of April. Given the current state of the market, it is certain that the trend is upward; however, it is also clear that the period of consolidation has been too short. Today is Friday, and the stock market has closed. I took a quick look at all the trends in my watchlist, and it seems that the 60-day moving average is also about to touch the current price levels. The mainstream cryptocurrencies are all above their 240-day moving averages, and they are all waiting for their 60-day moving averages to catch up. This is the case for BTC, ETH, and EOS as well. So the actions taken during this period were quite clear. BTC is fluctuating within the range of 5300 to 4900, experiencing movements within this 10% range. The purpose of these fluctuations is to clear out the old positions accumulated over January, February, and March, thereby raising the average cost across the entire market and causing the 60-day moving average to cross the 240-day moving average. I’m not just talking about the fluctuations in BTC; I’m referring to all cryptocurrencies across the market. They are all moving in tandem with BTC, fluctuating within a range of 10% above the current 240-day moving average. The market has been in a consolidation phase for 17 days now—is that enough? No, it’s not enough. Ordinary investors tend to increase their positions when they have money, and hold onto their current holdings when they don't. Allocate a small amount of funds appropriately to participate in the initial offering of the platform’s own currency. Sell it as soon as it becomes available, and use the profits to buy more of that same currency to hold on to. What you’re waiting for is the convergence of the moving averages, along with a significant increase in capital flow. There are only ten days left until May Day, and in no time, prices will go up again. XRP Many people ask why XRP is performing so poorly. Experience is a valuable thing.  The image above shows the weekly chart of XRP on BITFINEX. What the weekly chart means is that each line represents one week. The area surrounded by the blue box on the left shows the trend from May to December 2017. Surprisingly, XRP, which has always ranked third in popularity, actually saw a decline of 40%. So when was that period? It was quite similar to the current situation: while other coins and cards were seeing increases in value, it kept declining. The tipping point occurred on December 12, 2017: at that time, EOS went from $3 to $120, BTC reached $130,000 per coin, and ETH was close to $10,000. Then, in just 21 days, this company’s value increased by ten times. In my opinion, XRP has managed to stay within the top five for all these years—it’s impossible for it to disappear completely, so it’s definitely going to rise in value. When will the price rise? Maybe it will be on the day this bull market comes to an end—who knows? Only the market makers know. It’s time to be patient, brother, as long as you’re determined to make a fixed-term deposit.  I remember when I first entered the market, I bought some securities stocks and soon saw a 300% increase in their value. Subsequently, the market entered a period of sideways consolidation that lasted for two months, from the winter months until the Spring Festival. At that time, I had no understanding of market principles at all, so my emotions were naturally influenced by the market. Remember how you are feeling right now, because that is exactly how your opponent is feeling too. Just how serious is the ignorance surrounding the market? It’s like among college students—boys don’t know how to express themselves, and girls don’t know how to send the right signals. There’s a huge gap in their ways of thinking, and any attempt at sincerity only results in a drink late at night. The investment market is like the martial arts world depicted by Jin Yong. The ways of the jianghu cannot be forgotten with just a glass of wine; there are rules to follow in the jianghu. To log in to the Rookie Village, it is sufficient to simply open an account on the exchange—there are no barriers at all. However, between the Rookie Village and the Victorious Bright Summit, you will encounter everything from level 3 wild boars to level 20 thieves, level 50 heretics, and even level 99 righteous heroes. The vast gap between cognition and experience means that novices can only see the bright peaks; as for the middle paths, they either fail to notice them or simply have no awareness of their existence at all. In fact, even a swordsman who has been in the martial arts world for four or five years may end up taking wrong paths due to the lack of guidance from a family or a master, resulting in no progress in their skills throughout their life—what is commonly referred to as “going astray.” There are historical reasons for this. China has a history of the securities market of less than 30 years, and less than 8% of its population has a college education. Of those, roughly 4% have never even learned the basic principles of the capital market. That means 56 million people have some exposure to the capital market and have perhaps read a few books on the subject. This figure is roughly equivalent to the total population of Beijing, Shanghai, and Shenzhen combined, but slightly lower. Evidence for this is that the most popular sections of these paid apps have accumulated only a few million views in total. There are still many opportunities for dividends in China, and these opportunities are often described using academic terms like the “demographic dividend.” In simpler terms, it means that those who know more take advantage of those who know less, and those who arrived earlier exploit those who arrived later. There are also personal reasons. Everyone wants to be Zhang Wuji, but no one is willing to endure the hardships that Zhang Wuji had to face from a young age. Everyone is more or less like Wei Xiaobao, but none of them are as utterly despicable as him. In the world of martial arts, there are certain rules that must be followed. However, most people either don’t understand these rules or lack any traditional experience, so they simply step onto the battlefield without any preparation. In such cases, the outcome is almost always predetermined. The good news is that it will be relatively easy for you to start making money. As long as you put in a little effort and level up to around 30, this is roughly the level that individual investors can achieve through hard work in a short amount of time. And then they occupied a territory that was half a mountain and half a city. As time went on, more and more professionals joined in, and by the time most groups had reached level 60, it became much harder for amateurs to make a comeback. In contrast, among the Internet companies founded in China in 1997, those that have survived to this day have all become dominant players in their respective markets, while the later entrants have mostly ended up being acquired. Next comes the fun part. Practicing kung fu involves both forms and internal energy. The pinnacle of such techniques is Donghu Jiu Jian, mastered by Linghu Chong—allowing one to dominate the martial arts world even without internal energy. The pinnacle of internal martial arts is Zhang Wuji’s Nine Yang Divine Skill – once mastered, it makes it easy to learn hundreds of other techniques. Skills such as the Qiankun Great Shift, Taiji Sword, Taiji Fist, and the Holy Fire Order can all be learned effortlessly with this skill. There is also an even higher level represented by Wei Xiaobao; both of these remarkable individuals were defeated with just one shot each. This refers to those people in the market who have access to your account. The technique is nothing but technical analysis. Technical analysis can be applied completely regardless of what the underlying asset being invested in is. Fundamental analysis is essentially the study of basic principles. The first level of proficiency in fundamental analysis involves acting as an accountant, determining whether a company is performing well or not. Once one reaches this level, they are able to assess the current state of any individual, company, or even a country in relation to the capital market. The second level of understanding involves integrating emotional aspects to comprehend cycles. The third level of understanding is to comprehend the market and follow its trends—which has somewhat of a philosophical undertone. Therefore, after achieving great mastery in internal arts, Zhang Wuji retired from his martial pursuits and led a simple life. Wei Xiaobao represents those aspects related to capital and policy—things that ordinary people simply don’t have the opportunity to understand, and even if they did, they might still find it impossible to comprehend. It’s like trying to understand why your boss makes such foolish decisions, yet still failing to see how they managed to become a boss in the first place. Practicing techniques and internal energy are complementary to each other. Before Linghu Chong’s martial arts skills were weakened, the Purple Glow Divine Skill was indeed worthy of his position as the eldest disciple of the Huashan Sect. Zhang Wuji learned the Nine Yang Divine Skill, which was paired with practical applications and abstract philosophical concepts associated with figures such as Xie Xun, Hu Qingniu, and Zhang Sanfeng. To be continued…  The first few articles at the beginning of April were truly the result of great effort and dedication. Some of them took multiple drafts and numerous revisions before being published. The direction in which these articles were written was already clearly stated; however, if you still have doubts about the claim that temperatures will continue to rise, please read the following articles. Annual predictions: "The Eighth Opportunity to Change the Fate of the Chinese People" Monthly forecast: "Q1 Summary and Q2 Outlook" Weekly Forecast: "The Reasons Behind Market Gains" Daily forecasts: "How is the current market trending?" (Relevant data) » Short-term Risk Warning: "From the First Phase of a Bull Market to the Second Phase" The above constitutes the qualitative determination of the direction. If you think it’s good, please share it with your friends who trade cryptocurrencies |
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