Interpretation of cryptocurrency market on OCT 31 2022
The market rebounded, and altcoins rose significantly on Saturday, but there was a pullback on Sunday and this morning. About half of Saturday's gains were consumed. Most investors might have left the market if a more conservative moving stop had been made along the previous idea. The position that set stop loss at cost price or of slight loss should not have been triggered. Now for long positions, you only need to do a good job of risk control according to your expectations of loss and profit. As for the result, it is up to the market.
This week will usher in the decision to hike interest rates on November 3. As analyzed in the previous article, the impact will be relatively limited if no significant revisions are made. However, when the interest rate hike is announced, it is still very likely that there will be rather violent fluctuations, and there are optimistic expectations. For example, this month is the last rate hike by 75 basis points, and it will start to slow down later. At present, this expectation has been established. However, from Powell's words, the impact is different from the market's judgment; coupled with the recent statement of the US Treasury Department on the liquidity problems of the US bond market; the market may be rise; but this does not mean that we can radically open long position. From the conflicting policies of the Federal Reserve and the Treasury Department, it can also be seen that the market is complex.
If the market favors our strategy, there will undoubtedly be much profit for the long position. The volatile market has been going on for a long time, and there will likely be a unilateral market with solid strength. But if the market is unfavorable to our strategy, we will leave the market in time to ensure a sure profit or margin. If the follow-up market returns to the shock, the longer the shock, the closer the unilateral will be, and the greater the magnitude. Please keep the idea of doing the right side to enter the market!
This week will usher in the decision to hike interest rates on November 3. As analyzed in the previous article, the impact will be relatively limited if no significant revisions are made. However, when the interest rate hike is announced, it is still very likely that there will be rather violent fluctuations, and there are optimistic expectations. For example, this month is the last rate hike by 75 basis points, and it will start to slow down later. At present, this expectation has been established. However, from Powell's words, the impact is different from the market's judgment; coupled with the recent statement of the US Treasury Department on the liquidity problems of the US bond market; the market may be rise; but this does not mean that we can radically open long position. From the conflicting policies of the Federal Reserve and the Treasury Department, it can also be seen that the market is complex.
If the market favors our strategy, there will undoubtedly be much profit for the long position. The volatile market has been going on for a long time, and there will likely be a unilateral market with solid strength. But if the market is unfavorable to our strategy, we will leave the market in time to ensure a sure profit or margin. If the follow-up market returns to the shock, the longer the shock, the closer the unilateral will be, and the greater the magnitude. Please keep the idea of doing the right side to enter the market!
Feragatname
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