Uniswap or reignite the fire of 1co?
Market Interpretation
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Market Interpretation
We mentioned in yesterday’s article that if Bitcoin does not fall below $11,870, but consolidates at the top, then the possibility of reaching new highs is very high.
However, yesterday's trend did not go out of such an ideal pattern, and a needle pierced through $11,500.
At present, it is a sign of bottoming out. From the perspective of a larger four-hour level, the current decline actually belongs to the previous four hours.
Yesterday's one back can be ignored, but if you look at this wave of decline in this way, it will be much better than what you see.
As long as it does not fall below $10,500, it is still not weak in terms of large scale.
Personally, I would choose to place a long order near here, and place the stop loss at the front needle.
If you take profit, it depends on how strong the four-hour rise is. If it is strong enough or even breaks through the previous high, then I suggest that you can keep this order.
As for the futures business, as the same sentence says, the money is the one who earns the money after closing the order. We don’t want to get rich by futures, and futures are just a means to assist us in spot trading.
In the final analysis, it is the spot that allows us to make most of the profits in the bull market.
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Uniswap will be a big boost to ico?
I believe that many friends in the currency circle have heard of the reputation of uniswap this year.
Its single-day transaction volume has not only exceeded 100 million US dollars, but its users have also reached 60,000. This data is probably beyond the reach of many second- and third-tier exchanges.
The main reason why uniswap has suddenly become so popular is defi.
Since uniswap itself is a dex (decentralized exchange), it is not as troublesome and costly as a centralized exchange for listing coins, so many defi tokens will be listed on uniswap first.
The fire of defi naturally drives the development of uniswap, and due to decentralization, supervision cannot intervene in it.
This also makes uniswap a natural boost to ico, and at the same time makes uniswap a super casino with a variety of defi tokens.
What's more powerful is that in the past, the cost of ICO still required at least tens of thousands of yuan, and it was only a small exchange. Now with the help of uniswap, only 300 yuan can achieve an effect that was unimaginable in the past.
As for this phenomenon, I personally think that we should continue to pay attention to it, but we don't need to act yet.
As I mentioned in yesterday's article, the current DeFi market is still a big blockade. No matter how good your luck and judgment are, it is difficult to continue to catch up with hot projects.
However, if the whole logic is placed after the bulls become crazy, it will be different. For example, during the 17-year crazy bull period, any ico will have at least 2 to 3 times the income.
At this time, it is the time when we can play. The overall crazy mood of the market and the continuous inflow of funds make us not have to worry about no one taking orders.
