The market is in extreme panic, short-term attention to the signal of BTC 10,000 US dollars to stop falling
According to Fintelum data, as of now,26% of Security Token Offerings (STOs) in Europe Have Failed or Be Canceled, the failure was due to a number of reasons, mostly because the team did not raise enough capital to find the ideal sales partner. The survey also revealed that 17% of STOs have successfully completed a sale, and 34% of STOs are still in progress.
STO is the hottest financing method in the currency circle in the second half of 2018, has attracted the attention of many project parties, capital parties, scholars and institutions, and the currency related to the concept of STO has also been hyped, and the price of the currency has skyrocketed. However, this trend did not last long. Instead, it was overshadowed by IEO financing in 2019. Few people in the market mentioned the concept of STO again.
The digital currency market is like this. It is still a niche market. Its development is in its infancy, and the capital and market capacity are limited. Therefore, some popular concept hypes appear in the market from time to time, but they disappear afterwards. usIn addition to maintaining a keen observation of new concepts, you also need to pay attention to screening and follow market trends, don't be lost by the short-lived hot spots.
Simply put,It’s okay to hype popular concepts, but don’t be convinced, don’t be too hotheaded, let alone have so-called beliefs in a certain currency (except Bitcoin). When the STO concept was hot last year, the POLY project gained a lot of attention, but if it has been holding the currency until now, it will be a loss of more than 94%, and the road to return is far away.
The essence of the financial market is that profit and loss come from the same source, and one party's profit must be at the expense of the other party's loss, it is just wishful thinking for everyone to make money. The past public chain market, platform currency mining market, Internet of Things concept market, STO concept market, IPFS mining machine, model currency, etc., have been fired until the end.Harvesting game, big fish eat small fish, small fish eat shrimp. As a mature person, one must understand the essence of it, and then survive better.
The market fell yesterday, and BTC showed a downward trend, and there is no sign of a complete stabilization until today.Today's panic and greed index is 5, a record low, reflecting the extreme panic of market investors, a serious lack of confidence in the market outlook, and a very low willingness to buy in the short term. Similarly, the willingness to sell in the short term is also extremely low Low. The overall disk shows a shrinking trendOperation suggestion:
Operation suggestion:
BTC: The daily line level is still in a triangle consolidation trend, focusing on the support of the MA90 moving average. In the absence of a large amount of energy to smash the market, it will continue to shrink and consolidate the trend.
At the hourly line level, the range of short-term continued decline has weakened.The disk is in the consolidation trend between 9800-10200 US dollars, but the up and down fluctuations are relatively severe, and the direction is unknown. 10,000 US dollars is still an important psychological threshold. Whether the bulls can successfully withdraw will have a great impact on market confidence. The upper pressure level is 10200, 10500, and 11000 US dollars, and the lower support is 9800, 9500, and 9000 US dollars. The idea of short-term operation is to buy low and sell high, but pay attention to strict stop loss.
ETH: It stopped falling around US$180, but whether it can stand still depends on whether the market can stop falling and rebound. At present, it is still following the market. The short-term opening point is in the range of US$160-180, but the position should not be too heavy.
LTC: It has fallen below the lowest point in July. It is currently testing the support of 65-70 US dollars. This is still the trend under the situation of shrinking volume. Once the volume is increased, the trend will be more dangerous. Short-term operation is not recommended.
BCH: The trend is volatile at the daily level, with a volatile range of 270-360 US dollars. You can build a small amount of positions within the range, buy low and sell high.
EOS: Last night, it fell in a short period of time, leading the decline of mainstream currencies again. The trend is very weak, and the dealers are seriously controlling the market. The short-term position opening point is relatively safe in the range of 3-3.2 US dollars. Only when the market breaks above 4 US dollars will there be a market.
XRP: The daily line level is in a negative trend, and the market is testing the support of 0.26 US dollars. It is not recommended to operate until it breaks through 0.3 US dollars.
TRX: USD 0.016-0.018 The trend is being consolidated in the small area, and the volume can shrink. It is not recommended to intervene in the short term.
Platform currency: Generally speaking, following the trend of the market, the platform currency has been on the rise this year, with a huge increase.High shock consolidation stage, as I said yesterday,Pay attention to the risk of plummeting when the market continues to deteriorate. For short-term and short-term profit chips, you can consider taking profits in batches. In the short term, BNB continues to organize in the range of 26-30 dollars, with a stop loss of 25 dollars; HT is in the range of 4.8-5 dollars, with a stop loss of 4.4 dollars; OKB is in the short-term range of 2.8-3 dollars, with a stop loss of 2.5 dollars; GT's short-term support is $0.8.
Altcoins: Recently, Huobi, Okex and Binance platforms have all experienced short-term skyrocketing trends in individual currencies. For such currencies, it is not recommended to chase high. If you want to enter the market, you can follow what I said beforeandandMA60 Moving Average MethodJust deal with it. In addition, if you have any currency you want to analyze, welcome to ask questions in the message area.
