legendary trader

Chapter 957 Chapter 958 Focus on Shencheng Heavy Machinery
This round of decline in the price of Bitcoin from 4.7 yuan was fast and time-consuming, and soon fell to around the 4 yuan mark.

However, when Chen Fan peaked, Rao Yichen and the others began to place buy orders around 4.1 yuan to support the price of the currency, and fell below 4 yuan again. Although more chips can be washed out, it is easy to cause the market to panic among.

Of course, Chen Fan didn't want to see this.

When the currency price was supported around 4.1 yuan, Chen Fan didn't plan to make a double bottom or a flat bottom, and said to Xie Chaoyang directly: "Start pulling, this time the currency price broke through 5 yuan and then fluctuated back to 4 yuan 6 Sideways nearby."

Speaking of this, Chen Fan paused for a moment before continuing: "Then build a new ascending channel and push the price of the currency to 5 yuan."

Hearing Chen Fanxin's order, the three of Xie Chaoyang also took action immediately. They still followed the tasks assigned in the past. The two were responsible for paying the bill, and Cai Han was responsible for smashing the market.

Because the price of the currency has just experienced a diving trend, when Xie Chaoyang and Rao Yichen started to launch an offensive, there were really a lot of selling orders in the market at the beginning, which also led to a surge in the trading volume of Bitcoin during this period.

And Cai Han started placing sell orders above 4.5 yuan, because there is really no shortage of sell orders in the market at the moment, and of course he doesn't need to go there to join in the fun.

Seeing that the trend of Bitcoin rose again after shrinking and falling sharply, the buy orders that entered the market quickly swept away the sell orders that had just entered the market just now, and the players behind them were also a little panicked at this time.

The players who have already made a deal are thinking about whether to get their chips back immediately. After all, the current market trend seems to be that the diving just now seems to scare them and trick them into selling bitcoins.

But, they were fooled.

There are also many people who found that the situation was wrong and immediately chose to cancel the order. Those who placed the order earlier had more time because the selling price was higher, but many people successfully completed the cancellation work.

The price of Bitcoin has risen crazily at the speed of the stock price's dive just now, and it looks like a short trap has been constructed.

The skyrocketing momentum slowed down slightly after the price of the currency broke through 4.5 yuan, but it only retreated a few cents before increasing the volume again. A large number of buy orders began to sweep the selling orders above, and continued to push up the price of the currency, and soon hit new highs again.

At this time, there are very few active selling orders in the market. Most of the selling orders that can keep the currency price rising are from their own selling orders. Throwing out thousands of bitcoins controls the pace of rising currency prices.

Against the huge sell orders, the price of Bitcoin continued to rise in the intensive transaction, and soon broke through the 5 yuan mark.

Xie Chaoyang and his team gradually reduced the amount of buying after sweeping away the selling orders around 5 yuan. However, because the price of the currency rose from around 4.1 yuan this time, the upward trend was too sharp, resulting in a large number of follow-up orders below. If you can buy bitcoin, you can only chase higher all the way.

After the price of the currency broke through 5 yuan, as the main buying orders decreased, they finally gave them a chance to open a position.

Xie Chaoyang, Rao Yichen and the others mainly scanned Cai Han's pending orders for the buy orders they entered, and they just swept the rest of the sell orders, because the quantity was really not much.

However, the follow-up market entered the market at this time very violently. Although they braked in time, the rush of the follow-up market pushed the price of the currency to around 5.1 yuan again.

As more and more players find that the upward momentum of the market is rapidly fading, some people began to lighten their positions on rallies.

It was also because of the selling orders of these people that the upward trend of the market was finally suppressed, and the currency price began to fall.

After the price of the currency fell below 5 yuan, there was an outbreak of intraday selling orders, but when Xie Chaoyang and the others discovered the surge in selling orders in the market, they were worried that the price of the currency would plummet again, so they began to place orders to enter the market to protect the market. After all, what Chen Fan wanted was Relatively volatile and lower.

They understood what Chen Fan meant, and wanted time and a drop to shake up the position again, scaring out those players who were tentatively called hot money.

By this time, not only Xie Chaoyang and others, but also Chen Fan and Zheng Xiaopang have noticed that the market is really active today, the buy and sell orders in the market have increased abnormally, and the market is really too hot.

In fact, many players in the market who did not understand financial market operations in the past are evolving into short-term speculators in the continuous trading.

In fact, for a long time recently, as long as they participate in Bitcoin transactions, almost all players are in the process of chasing ups and downs, and they can more or less gain something.

It is easy to earn pocket money in the Bitcoin market, which naturally makes these players interested in Bitcoin speculation. Many people are no longer satisfied with learning some financial knowledge in the currency circle forum, but have begun to take the initiative Learn about it.

At the same time, they made money in the bitcoin market, which also affected the people around them.

More people know about Bitcoin and their friends can easily earn pocket money from the Bitcoin market with little money. This has also led to the fact that the registered users of Global Exchange have started surge.

There's nothing more enticing than a price increase that makes money for all players involved.

Today, Chen Fan launched a sudden upward trend, and the price of bitcoin has skyrocketed in half a day, from more than 3 yuan to 5 yuan. Seeing that his pocket money is making a lot of money, it naturally makes the entire bitcoin circle popular again. It's hot.

In fact, since the opening of Universal, the popularity of Bitcoin circles has been booming, but a large number of players have accumulated before, but they see that the price of Bitcoin continues to rise, and instinctively feel that there is a risk.

The current education lets everyone know that risks and benefits are directly proportional, and the greater the risk, the greater the benefit.

Although I watched my friends around me make money from Bitcoin before, but when it really came to me, I was still very cautious, especially what I heard is believing. I heard friends say that Bitcoin money is very good. Earn money, but after seeing the huge increase with my own eyes, I still hesitated. Although many people registered accounts, they did not make any transactions.

But today, seeing that the price of the currency keeps rising, and after standing on the two barriers of 4 yuan and 5 yuan in a row, many new and tender players can't help but buy Bitcoin. The main drive for more than 5 dime.

And after the price of the currency started to fall, it was easy to worry about these buy orders, so after seeing the price of the currency fall below 5 yuan, the buying orders fell off a cliff, and the selling orders skyrocketed at the same time, almost letting the currency price fall. Diving again.

Fortunately, Xie Chaoyang and the others acted decisively, stabilized the currency price around 4.9 yuan, and then launched a small rebound.

Afterwards, Xie Chaoyang and Rao Yichen started to get busy. They had to control the decline of the currency price and not let the decline get out of control. Sometimes they even had to be suppressed by Cai Han. In fact, many of the people who entered the market today were newcomers. It's a bit hard to carry.

The three traders over there were fully controlling the market, while Chen Fan and Zheng Xiaopang were looking at the data from the Global Exchange.

Before, Chen Fan would not pay attention to these things all the time, but today is special, it is the moment when a big market starts, so Chen Fan opened the background data of the Global Exchange to understand some information of the trading account during this period.

Not long after the boom started, Chen Fan discovered that many new accounts were placing orders, and almost all of them were buy orders.

"Most of them are new accounts."

Zheng Xiaopang was still talking with Chen Fan about the characteristics of the active accounts during this period.

"It's a good thing, more newcomers come in, it's definitely a good thing for us to develop the market."

Chen Fan said with a smile.

"But we think it's not enough. I still think we should increase the domestic publicity as I said before. You see, we haven't done much publicity yet. Most of these new accounts are opened by domestic ID cards. They must be domestic players. entering."

Zheng Xiaopang saw the account that entered the market to buy at this moment, thinking about what he said earlier, he felt that it is better to increase the publicity, let more people in the country know about Bitcoin, and come in to buy Bitcoin. Buying this thing now is comparable to later Much stronger to buy.

"It's just that Chinese people are more cautious. After many new accounts are registered, there are no transactions. Unlike those people in foreign countries, who generally buy more or less after registering an account."

Chen Fan shook his head and said, "I still think it's better to let nature take its course. Publicity is easy to cause trouble, so don't mention it again. If you think it's not enough, you can call Li Hongyi and ask them to increase the publicity a little bit. Strength."

Afterwards, the trend of Bitcoin followed Chen Fan's intentions. After peaking at 5.1 yuan, it fell to around 4.6 yuan. After the bottom was completed, it went out of a round of volatility and rising again.

The players who chased after above 5 yuan before were finally relieved after more than an hour of fear, because by 1 o'clock, the price of Bitcoin had regained its position at 5 yuan, and it still maintained this rising speed. Prices keep rising.

Chen Fan and the others left at around 5:[-] p.m., which was a long time later than usual, because tomorrow is the weekend, and although the Global Exchange will still open for trading, Chen Fan doesn't want to come to the scene to direct, and Zheng Xiaopang also I don't want to come here, I just want to rest.

"From now on, we will push up the currency price by 5 yuan, 5 yuan or 6 yuan at this speed, and then withdraw 5 yuan to confirm the support."

Chen Fan was talking to Xie Chaoyang about the future arrangements, "I hope to reach 6 yuan at today's high point, and it is best to close below 6 yuan. As for the next trend, it is best to fluctuate tomorrow, and it can break through 6 yuan many times during the day." Yuan, but the closing price was negative at the end, but the price cannot be lower than 5 yuan..."

. . . . . .

It was another Monday, Chen Fan and Zheng Xiaopang went out early to the resort.

On Saturday, although Chen Fan did not go to the resort, he still watched the transaction of Bitcoin at home. The transaction volume in the last two days was relatively large, reaching a single-day transaction volume of more than 50, and it was continuous There is such a large amount in two days, which has never happened before.

However, Chen Fan did not forget Xie Chaoyang's proposal during the discussion with Shencheng to cancel the "percentage" as a trading unit.

For this suggestion, Tang Zhongwei did not agree to it, and of course he would not veto it. He just said that he must first discuss with the planning team and formulate a plan. Change it if you say it.

Adjusting the trading unit is actually not a big deal in itself.

In fact, when designing the transaction price unit, they had an idea, that is, after the currency price rises above "10 yuan", they will immediately issue an announcement to cancel the "percentage" transaction unit.

In other words, in fact, they also felt that the trading unit was too small.

It's just that when planning, the price of Bitcoin is too low, only 3 cents a piece. If you don't design a lower unit and conduct transactions according to "points", many transactions may be reduced. This is actually They also refer to the experience gained from fund transactions in the domestic stock market.

At the beginning, transactions were carried out in units of cents, which led to the control of fund prices by large investors and a sharp drop in transaction volume.

After enabling centimeters as the trading unit, transactions became much more active.

Chen Fan's phone call made Tang Zhongwei realize that it seems that there is no need to wait until "10 yuan" to activate this rule. Now that the currency price has risen rapidly, it is already more than 5 yuan, and it is fully time to activate this rule.

When they designed this rule, honestly, no one had a problem with it, because no one thought that the price of bitcoin would skyrocket so soon.

For those who designed the rules of the exchange, they are not qualified to know the plans of the bosses behind them, and they have no idea that their big boss is going to be a banker.

Some people may have thought of it, but no one proposed it tacitly, so such a rule was formulated at that time.

When Chen Fan finished making the phone call, it was naturally considered over.

After arriving at the trading room, Chen Fan told Xie Chaoyang about today's trading plan.

There is a slight change from Saturday's transaction, that is, the adjustment is coming to an end, and the currency price is about to start to rise.

"That's right, that's what it means. It went up after 3 o'clock, and it was consolidating above 6 yuan for the rest of the time. Tomorrow morning it's mainly a bluff, preparing for an offensive in the afternoon..."

After Chen Fan instructed Xie Chaoyang on the trading strategies for today and tomorrow morning, he went to the stock trading room next door, because Zheng Xiaopang was going to enter the market today to buy the stock of Shencheng Heavy Machinery. Go and have a look.

"Are you going to drive low today? It's really strange."

When Chen Fan entered the door, he heard Zheng Xiaopang muttering there, as if he couldn't believe it.

"what happened?"

Chen Fan walked behind Zheng Xiaopang and looked at the computer in front of him desperately. At this moment, the market is in the call auction stage, and the price of Shencheng Heavy Machinery is falling.

Last Friday, Shencheng Heavy Machinery opened at 15.20 yuan and closed at 15.71 yuan. The highest intraday price was 15.99 yuan and the lowest was 15.10 yuan. 5.78 lots were traded, and the transaction volume reached 9008 million yuan, an increase of 2.55%.

Ordinarily, with such a good trend ending, the stock price should have opened higher on Monday today. There was no bad news from the market over the weekend.

Chen Fan noticed that Shencheng Heavy Machinery's bidding price is only 15.62 yuan. Although it has only dropped by a few points, this posture is really not good.

At the beginning, the call auction went up. It appeared at 5 yuan in the first 16 minutes, but it only stayed there for less than half a minute, and then began to decline until it was marked green.

"It's not a big problem. As long as it doesn't open low and close to 15 yuan, it will be lethal if it opens sharply low."

(End of this chapter)