If the standard is based on trusting someone, you can't escape f

21 Mei 2021

Almost all the tokens in the market were spared this cascade dive. Bitcoin is down more than 50%, and shanzhai is down even more. But it is not surprising that the currency has fallen so much, as it always has. As I said before, take a map of the top 20 market values and look at them a year later. There are still a few more.

Since 2018, those boastless Niucoin, EOS, DASH, XEM, ZEC, ONT... It is estimated that many new currency people do not necessarily know.

Remember in 2018, there were only 20 billion dollar deals. Now there are more than 70. If the next bear market passes, how many will remain?

Thanks to Musk's support, DOGE has now eclipsed 99% of the coins, and its market value is stable in the top 10. So as long as Musk's support, is it certain to be invincible?

The answer is no, we've seen two retractions, both over 60%, and if you add leverage, the chances of survival are even smaller. Even spot, at least you will be terrified, long-term in such a market environment, it is easy to let people aging. That's why the currency circle has been around for ten years.

If we look at the technical action of the DOGE, the rally happens to be subject to two trend lines, one is the downtrend line (blue), if it fails to break out, it will form a downtrend channel. Another is the extension line of the left high point (dashed line), if cannot break through, form form of head shoulder top likely.

So from a technical point of view, if you can't break the trendline here, it means the downtrend is not over.

Many people like to mindlessly believe in certain "leaders", let alone cheat or not cheat, but people have their own limitations, so if our standards are based on the so-called "trust in someone", it is very terrible. There are enough similar things happening in history.

It is impossible to beat the market, but you can make the most of your greed and fear, and use trading discipline to help you escape your fate.