legendary trader

Chapter 962 963 Exploring 20 Yuan

"You don't need to wash it anymore, it's done early, don't you think?"

On Saturday, it was almost 11 o'clock at this time. Originally, they were all at home at this time, maybe they were still lying in bed and didn't get up, maybe...
No matter what, Zheng Xiaopang feels that he should not sit here.

"You wanted to come here by yourself, and I didn't let you come here."

Chen Fan said with a smile on the corner of his mouth, "Besides, it was after 10 o'clock when we came here, and we didn't come according to the previous time."

"The price of the currency has been adjusted enough yesterday. I see that the trading volume can't rise from the afternoon to the evening. The dishes have been washed and there are not many floating chips."

Zheng Xiaopang pouted and continued.

"It was supposed to be pulled in a while, and you were anxious in your heart."

Chen Fan still had a smile on his lips and said, "If you continue to adjust, why are we still here?"

Starting from Monday this week, the bitcoin price has risen sharply under Chen Fan's command, constantly breaking through the psychological defenses of all bitcoin players.

On Monday, the price of Bitcoin started from an adjustment low of around 8.3 yuan, touched around 10 yuan during the session, and finally closed at 9.652 yuan.

On Tuesday, Chen Fan didn't give other players the chance they were looking forward to. The price of the currency continued to rise sharply, successfully reaching the round mark of 10 yuan. The final closing price reached 10.617 yuan, and even touched 10.977 yuan in the market. Two gates.

For the next two consecutive days, the rate of increase in the currency price not only did not adjust due to the continuous breakthrough, but accelerated to a higher level, which made players who saw the skyrocketing currency price two days ago and chose to reduce their positions regret it.

On Wednesday, the closing price of Bitcoin was 14.313, a single-day surge of 34.81%, and the trading volume reached 72.98 Bitcoins.

On that day, the long-short fight was fierce. Not only did there appear a large number of follow-up buy orders to recover chips, but also a large number of sell orders, because in the eyes of these players who have been holding back for two days, today is probably the limit.

The price of the currency has risen for two consecutive days, making players who have shipped in the past two days desperate, and they began to rush into the market to cover their positions on Wednesday.

And those players who held back and did not make a move saw that the price of the currency continued to soar, and the increase was too exaggerated. Most of them thought that this may be the purpose of the dealer this time, to attract players with light and short positions to chase after them. This shows that The current price is afraid that it is not far from the high price, so cautious players have shot down their positions.

It is against the background of such obvious differences between long and short, after the Bitcoin market continued to open on Thursday, the market trend was normal at first, that is, the trading was light in the morning in Huaguo time, that is, players in the United States had some transactions in the early morning. The transactions are scattered, and the currency price is indeed pulling back all the way, not counting the increase of the previous trading day.

But at noon, after the Bitcoin market opened again, the market returned to normal again, that is, the bull market from afternoon to evening, and sell orders began to enter the market again, constantly pushing up the currency price.

And on this day, the market is even more icy and hot.

In fact, such a situation has already appeared since Tuesday. In the afternoon and evening of Tuesday, many players began to sell bitcoins because they thought that the price of bitcoins had already risen.

But Wednesday's sharp rise made them fall into despair, and many people chose to chase higher.

Correspondingly, many people chose to short when they were bullish.

But on Thursday afternoon, those who shorted on Wednesday began to despair again, while the players who had shorted on Tuesday and chose to chase the rise on Wednesday were rejoicing, because the currency price continued to soar at the same rate as Wednesday.

32.19%, which is the increase in the price of Bitcoin on Thursday. At the close of trading on Thursday, the price of Bitcoin was set at 18.920 yuan.

The [-]% increase for two consecutive days has allowed the price of Bitcoin to double in just four days.

Well, in fact, looking at the price trend of Bitcoin in the past, it seems that it is not uncommon to double.

However, this time the rise was really urgent, especially on Wednesday and Thursday, when the currency price jumped from 10 yuan to 18 yuan, so on Friday, in the morning trading, there were a lot of transactions that were usually relatively light. Come on sale.

Chen Fan didn't dare to let people continue to push up. If he continued to stabilize the currency price, he was afraid that more players would reduce their positions here.

At this point, the follow-up buy orders have dropped sharply again, and more are sold than bought.

If you continue to insure the price, you can only be taken advantage of by yourself and undertake these sell orders.

Although he could handle all these orders, it was really unnecessary.

At that time, if people earn pocket money and run away, they will hang themselves on it, which is definitely not acceptable.

So on Friday, the Bitcoin market finally started an adjustment, falling along with the shock in the morning, and spent most of the day washing the market, causing the currency price to fall and attracting more external disks to enter the market.

By the close of trading on Friday, the currency price closed at 16.722 yuan, down more than 10%, and the trading volume also dropped to 24.28.

The reason why they came here today is mainly because they are worried that profit-making orders will continue to be sold in large quantities. They can sit in command on the spot and always react much faster.

In fact, up to now, the currency price has dropped to 16.1 yuan, breaking the intraday low price of 16.5 yuan yesterday, and there are still many selling orders in the market.

Most of the Bitcoin players are wage earners, and a large group of them are programmers in technology companies. They spend a lot of time in contact with computers and the Internet. Much more.

The rest are student groups and netizens of other occupations. Most of the student groups are college students with plenty of time and pocket money. They have less money and less money to invest. In fact, it has an impact on the currency price. smaller.

It's the weekend now, and almost all players who pay attention to Bitcoin have time to watch the market, that's why Chen Fan attaches so much importance to today's transaction.

"When it broke through 19 yuan the night before yesterday, the currency price should have been held up in late trading, otherwise yesterday's market would not have gone so weak."

Zheng Xiaopang whispered at this time.

At ten o'clock on Thursday night, the price of the currency broke through 19 yuan, hitting a record high in the price of Bitcoin on global exchanges. In the last two hours, the price showed a continuous downward trend, and the downward trend continued until Friday.

Obviously, the long-term downward trend has also affected Huaguo's players who watched the early trading. They saw that the currency price began to fall sharply after the skyrocketing price, and they naturally became worried, which contributed to the already sluggish bearish atmosphere.

When the market soared on Wednesday, the trading volume reached a record high of more than 72, which was close to 73 bitcoins. When it continued to rise on Thursday, the trading volume had shrunk sharply in the rising stage, only 32. In just two hours after peaking and falling back, 2 transactions were released, and the transaction volume reached 12 in the whole day on Thursday.

After that, the full-day turnover on Friday shrank rapidly to 24. Obviously, even the bullish players were frightened at this time and stopped their hands, which is why there was such a huge shrinkage in trading volume.

Now, these are all in the past tense, and Chen Fan can't say anything about Thursday's operation error.

In fact, Chen Fan reviewed the trading in the last two hours, and he himself felt that it was right to take advantage of the trend to fall after such a large sell order appeared in the late trading.

Otherwise, they will have to buy 19 or more bitcoins above the price of 12 yuan, which seems to be even less in line with his requirements.

But it doesn't matter, as long as the graphics are repaired today, it can still continue to rise next week.

Yes, the price of Bitcoin will continue to rise next week. Chen Fan does not intend to spend too much time on Bitcoin, and the stock price of Maojian shares has also risen. Filling trend.

The two trading varieties will rise sharply next week. It doesn't feel much to Chen Fan, but Zheng Xiaopang has already felt his blood boiling before the time. This is also the reason why Zheng Xiaopang wants to come. Chen Fan didn't call him Come, but I casually said something on Friday night, but Zheng Xiaopang chased him over the weekend.

It's past 11 o'clock, and the market will be temporarily closed in half an hour. Chen Fan feels that the timing is about the same.

"Start to push up the currency price, pull the currency price to 17 yuan before the market closes, and maintain the currency price at 17 yuan 5 after the market opens in the afternoon."

Chen Fan said to Xie Chaoyang.

Xie Chaoyang naturally started to take action, and soon the bitcoin market's buying orders increased significantly, and the market's trading volume also began to increase for the first time.

Yes, since Thursday night, the trading volume of the Bitcoin market has been in the form of a unilateral decline. Even if the volume is large, it is reluctant and the time is very short.

But this time, the price of the currency has been pulled up all the way, facing the dense sell orders hanging from above, they can only accept all the orders, and there is no other way.

And at this time, they can only use intensive small buy orders to send the signal of the main force to the market, hoping to attract funds from light or short positions to follow suit. Others really have no choice but to buy and buy Buy again.

After all, it has fallen for more than a day, and the market has lost confidence, and it will take time to recover.

The intensive transactions in the market are accompanied by the slow enlargement of transaction volume.

Because there is no enlarged buy order, the frequency of market transactions has increased, but the amplification of transactions is relatively limited. Unlike before, each increase is accompanied by a huge transaction volume release and a violent rise in currency prices. This time the market price The rate of increase is also slower.

This can be regarded as a strategy adopted by Chen Fan. In half an hour, the price of the currency has been raised by less than 1 yuan. Xie Chaoyang and the others naturally know that they can't do it in a hurry, they can only push it up slowly, otherwise it will be a few minutes. Pull up the price and trade sideways at a high level in the remaining 10 minutes?

At that time, I am afraid that I will have to undertake a large number of bills again.

After following Chen Fan for such a long time, they can be regarded as fully understanding the meaning of Chen Fan's words, so they can accurately know Chen Fan's intentions.

Now that Chen Fan issued an order, he didn't need to be very detailed like before.

Although it is still fluctuating and rising, the trend of currency price recovery is still very clear. When the market closed at 12:17.091, the price of Bitcoin had already stood firmly at [-] yuan.

After lunch, Chen Fan and Zheng Xiaopang wandered back to the trading room and met many stock traders.

In fact, the three of Xie Chaoyang and the others can be regarded as the saddest people in this villa, because now most of the traders here are engaged in the domestic stock market, and their working hours are from Monday to Friday, which is not like playing gold, futures and For Bitcoin, every Monday to Saturday is the trading time.

When they entered the trading room, the price of the currency had already risen to 17.368 yuan, and the upward channel formed for half an hour was still maintained and continued to rise. They knew very well that what Chen Fan meant was to push it all the way up to 17.5 yuan before it would end. Before the order, it must be able to oscillate sideways.

As for where to go today, Chen Fan actually has no idea. He depends on the changes in the market to determine, but he can't use his brain to make a decision.

"After the resumption at noon, what happens to the sell order?"

After Chen Fan sat down, he asked aloud.

"It's decreased, but it's still a lot."

Xie Chaoyang replied.

"Let's take a look when we're in place."

Chen Fan just frowned slightly and didn't say much.

Soon, the currency price was pushed up to 17.5 yuan, and then began to adjust sideways, and the currency price fluctuated back and forth between 17.4 yuan and 17.56 yuan.

However, in order to reduce market sell-offs, Xie Chaoyang and the others played a little trick, and the low point of each adjustment was raised appropriately. At first glance, it seemed that the adjustment was still strong.

And through observation during this period of sideways trading, Chen Fan also noticed that the sell orders in the market were gradually decreasing, and there was no situation where he was most worried about the market flooding out with a large number of sell orders again.

However, Chen Fan also knows that it is not time to relax. It seems that the market has stabilized now, but who knows what will happen later, especially when players from Europe start to enter the market.

Now that the sell orders are shrinking, it is highly probable that the mentality of the Asian handicap players has stabilized, and there are still European handicap players and rice handicap players behind.

Especially for rice players, there is a high probability that they started this pullback. Compared with the weakening of the market, it is the Omi time period. Most of the sales orders were placed above 18 yuan. Now whether the mentality of this group of people has stabilized is very critical. If it is not done well, it will be a pressure level.

At 2 o'clock in the afternoon, the currency price has been consolidating around 17.5 yuan for more than an hour, and the market trading volume has shrunk significantly, even exceeding the previous trading volume when the market fell, and Chen Fan felt that it was almost the same.

And at this time, Zheng Xiaopang had already gone to the back sofa to take a nap.

"Make another ascending channel, the angle will be slower, and continue to push up, the target is 19 yuan."

Chen Fan whispered to Xie Chaoyang.

"The rate of increase will slow down, and it will take a lot of time to push it to 19 yuan."

After hearing Chen Fan's order, Xie Chaoyang immediately spoke.

"It doesn't matter, this push does not require quickness, I want to see how much pressure there is at 18 yuan, and whether those people on Thursday and Friday will still sell."

Chen Fan glanced sideways at Xie Chaoyang and said, "If there is a lot of pressure on the top, it will immediately start to fluctuate in a wide range and try to clean up the floating chips, but the currency price must be stable above 18 yuan. If the intraday pressure is low, try to hit 20 yuan. Yuanguan."

(End of this chapter)