On Wednesday night at 22:00, the US will release non-farm employment data for the first quarter. The market expects a significant downward adjustment in employment figures, with the worst-case scenario being a revision of 1 million people. If this happens, it may increase market expectations of a recession, and there may be a lot of volatility tonight.
At 2:00 AM on Thursday, the Fed will release the minutes of the monetary policy meeting. The long-awaited interest rate cut is expected to come, with the target date being in September.
Tonight may be a turning point in the market?
I don't know if everyone has been making money or losing money recently. In the current volatile market, it is heaven for day traders but a meat grinder for most people, making it easier to lose money.
Let's summarize the current market characteristics:
1. All breakouts are likely fake. If there is a big rise, it will fall back down; if there is a big fall, it will bounce back up. You can see many "V" and inverted "V" patterns in the daily and hourly charts.
2. There is no pattern. In trending markets, holding positions can make a lot of money, but in volatile markets, holding positions can lead to profits turning into losses.
3. Whether you go long or short, unless you have stop losses or margin calls, you will experience the process of being trapped, freed, and then profitable.
Therefore, we can find the profitable method we want to match:
1. Short at the resistance level when it rises, long at the support level when it falls. Although there is a possibility of getting trapped, there is a high probability of getting out of it and making money.
2. Do not have a pattern. After getting out of the trap and making a profit, take a profit of 2,000 points and run.
By adopting the above methods, everyone should be able to make some money.
However, everyone needs to note that the characteristic of the daily chart with the peak of the wave descending and the valley of the wave moving down has not changed. In other words, the daily chart still shows a downward trend. If the oscillating market lasts for a long time, it will again welcome a trending market, and the operation method needs to be re-matched to the market at that time.
Sharing of altcoins with money-making opportunities
Recently, altcoins have been particularly profitable, and veteran altcoin players should understand the mysteries behind it. This feeling is very familiar, and the candlestick rhythm is also similar. Basically, it is sufficient to chase boldly after the launch. It is not usually a one-time move, but it starts for 3 days. Bitcoin is an old-school cryptocurrency, so the focus of recent operations can be placed on altcoins.
When we are all waiting for ETH and SOL to break the high point of 21 years, TRX may be the first to break the previous high. Sun Ge's promotion is indeed effective. Everyone is also afraid and dare not get on the bus.
On the other hand, VET's ETH, everyone is on the train, but now it's still lying on the ground, just thinking about it makes me angry. However, sunpump's one-click meme hairstyle platform charges a 1% transaction fee for meme issuance, which directly deflates TRX and generates long-term bullishness. It's okay if you haven't gotten on the TRX train, you can pay more attention to wave field related tokens.
Buy VOXEL and it will rise! Profit of 6 points!
$LOKA and $VOXEL are like a pair of twin brothers. I don't know why there are more tokens in the Binance game sector than just these two, but the correlation between these two is high. You can invest in both LOKA and VOXEL simultaneously.
There are many tokens in the market that have high correlation, such as $USTC, $LUN and $LUNA. When one rises, it will drive the other.
All of these are accumulated over time. For example, some people see $combo and are still searching for what token it is, while others are already looking for other game sector tokens that haven't risen yet. Information asymmetry is how it is born.
Recently, most of the tokens that have risen a lot are low market cap tokens with contract bullishness. I have observed several tokens that have already shown high trading volume.
If there are any contract openings, they should be one of these: $mbox, $loka, $nuls, $burger.
Pay attention to tokens that have had continuous high trading volume of $20 million USD per day for three days. If the symbol hasn't risen too much, you can take a bite. Expected contract bullishness.
If you hold a long position and open a contract, it will also fall, such as the VOXEL contract falling by thirty points.
$SATS is starting an independent trend! 1. The EMA moving averages are in a bullish arrangement, with EMA20 as strong support! 2. The MACD indicator retraces to the zero axis, but has not broken through, continuing to rise! 3. The low points are constantly rising, forming an upward trend. 4. The trend is not influenced by Bitcoin market conditions. The next target is 0.0003700!
Yesterday, $FLOKI started a small rebound, thanks to news-driven and breakthroughs in its pattern.
Specifically, Floki has experienced a descending wedge breakout in its pattern, which is a key factor in this small rebound. At the same time, on the news front, Binance announced that users holding over 400,000 Floki tokens will receive CAT airdrop tokens, with the snapshot scheduled for the 29th, which is still a week away. With the airdrop criteria defined: the more you hold, the more you receive, this will undoubtedly trigger a wave of speculative trends.
From the pattern point of view, the first high point of the wedge reversal has been reached. Generally speaking, the first high point of this type of pattern is usually located at the starting point, as long as it can breakthrough and stabilize, there may be an accelerating uptrend subsequently. Therefore, despite the current possibility of some period of oscillation, I believe there is still an opportunity for an accelerated rise ahead.
There are also other recommended coins such as people, pepe, etc., which have been mentioned in other articles, so I won't go into detail here.
There are many recommended coins, so everyone can decide for themselves. If you have any questions, feel free to ask me.