Canaan "rings the bell" for "bitland" on nasdaq, bitcoin "innoce

Market movements have their own rules, and they already cover everything in the chart. News, will not change the trend, can only accelerate, down on the way to negative nws, help the fall, but not the main cause of the fall.
Yesterday," Canaan Inc.” On the NASDAQ listing, when the chairman clocked, the digital currency market fell, a bell that was a wake-up call to the "bitland" (and eventually turned into the death knell of the market!). Canaan challenged the mining industry's position as a leader. And bitland has been up and down all year, and the years are bad. From the beginning of the bch fork bad luck, although zhan led the team out of trouble, but then wu, zhan tear, put the company on the "wind and waves", and Canaan rushed to the NASDAQ, but also let bitland "worse". The price of bch had already reacted the day before yesterday, and bch fell significantly more than any other token. Yesterday's move, a remake of November 2018, once again confirmed that the impact of centralisation on the digital currency market is extremely bad.

But the market has its own rules, in December 2018, Bitcoin collapse, the market sentiment is scattered, how many people are shouting Bitcoin to zero?
How many people, in November, shouted that Bitcoin could see $26,000, but they are handing over chips at $3,200?Similarly, investors who bought bitcoin for $13,000 in June, including those who had "believed" a few days earlier that Bitcoin would break through $20,000 by the end of the year and see $50,000 next year?
The market doesn't change the rules because of who says what and what they do. So we must firmly believe in the law of the market, do not try to use their own will to change him, that can only hurt themselves.

This is my October 29 article screenshot, to be honest, I did not look at the trend of this wave at first, so I wrote a number of articles to question the market.

Now these analyses have proved to be correct. But I'm not a god, I'm just using the basics of logic to analyze the market. The laws of the market itself are there, not magical, I can see, you can too.
But the question is whether you are willing to give up your obsession and believe that the truth is simple.
are you willing to believe that in this market to make money, the need for the same hard-working efforts, continuous accumulation, there is no myth of overnight wealth. If you believe these logics, you won't be fooled and "Cut chives".
Now, we see that on October 29th I marked two boxes, the small box is $9960-$8950, and I said that it wasn't a triangular pattern that some people analyzed, but a box, which proved to be right. And I gave two paths, one to attack $10,000 up and then be shot down by a short shot, and the other was to break through the box and return to the starting point, and I drew two support targets, which are now a, b positions in the chart.
In reality, this box is indeed running 12 trading days were pierced, and then although there was a brief rebound, but the rebound failed, fell again, to today is 12 trading days, and always can not break ma6, this data is also rare in history.
From the point of view of symmetry, this wave of adjustment should end, the market has a chance to rebound. Then the bulls will reconfirm whether to build a bottom here, or to retreat to the $6,500 line (this i have in july's article, interested to view

Today we see a lot of negative news in the market released, but I would say that the news is lagging, Logic is greater than news, and messages are often used as tools to help the main hype.

Let's replay the hype of the "main force", and they perfectly explain how to "cut chives".

They're just playing "clear cards" with you, and you know the trick, but they make the most of the weakness esfactor of human nature - greed and fear.
On October 26th, a few hours after China's blockchain benefits were released, bitcoin did not fluctuate, and it wasn't until 18 p.m. that bulls launched an attack (they needed to raise money and transfer it to the market, which took some time), a show of strength.

(At this point a lot of people fantasize about halving a bull market, afraid of going short, so they rush to buy it without thinking about it), and after they reach $10,000, they start to reveal their purpose - to buy bitcoins just to transfer money (because the supply of usdt is limited), and their real purpose is to hype altcoin.
I think the "main force" is very clear, China for digital policy has not changed , they are to seize everyone's Fluke mind (greedy, want to make quick money), give full play to the imagination, with the help of the concept of the public chain, a large area of altcoin rebound. And then, Bitcoin's decline, people realize that there is no so-called bull market.
And then the Chinese government has been unleashing strict policies against the digital currency, but by this time, the “main force” had long since fled.
(As I have indicated on the 11th, the ratio of positions in the bitcoin quarterly contract of okex has been significantly lower than the position on October 26th, indicating that the entry force has left the market at that time.)
So the next trend is the long self-stampede. As for the day before yesterday bch fell, in fact from his rebound when he had planted "mines", I also wrote an analysis, said that there is a possibility to replicate the November 2018 trend, did not expect to happen.
This bch, basically become the market's biggest weakness, a decentralized market, the existence of this centralized mining model, itself is contrary to the original intention of "Nakamoto Cong", so that now digital currency and National digital legal tender competition, there is not much advantage.
Looking at the chart, after a sharp drop, the market needs to fix it. Yesterday 2 hours macd "bottom divergence" did not form, so we have to re-open the signal.
But one thing, I stress again, don't try to buy on the left, it's very dangerous. Errors in the analysis can be corrected, but errors in trading can be fatal.
Remember my trading standard: macd represents the trend, and when the macd dif crosses the dea up, it is the signal of entry.
Strategy: We look at the daily chart, which does not yet have any stop signal; So we look for opportunities in the timeshare, although 2 hours "bottom divergence" did not form, but macd if the formation of a "dif crosses the dea up", is still a short-term buying opportunity, but the position is not too high;If you open a contract,, it is not recommended to use high-proportion leverage, and at the same time set a stop loss, do not let the risk out of control.