Bitcoin stands firm on the MA60 daily moving average, and the rise is only short of enough to match
Entering September, the news in the currency circle is still lacking. Except for the Bakkt futures exchange that will be launched on September 23, and the recent rapid advancement of the central bank’s digital currency project, the others are small news that have little impact on the market .
The same is true for the overall market conditions. Now Bitcoin is the dominant player.Only the rise or fall of BTC will bring about fluctuations in the overall market, Most of the time the market is relatively flat, and the trend is sorted out between small groups, and there is not much market activity. The IEO concept and model coins launched in the first half of the year are also gradually fading, and the market is in urgent need of new hot spots or hot spots to activate the silver carp effect and make the market active again.
Ethereum 2.0, Bitcoin halving, BCH halving, etc., these can theoretically generate a wave of market, the overall market driven by mainstream currencies, but the current time node is still early, and the big funds behind it have no signs of starting. We Can only wait patiently. Before the performance of mainstream currencies, it will be more difficult for altcoins to experience a general rise in the short term. Therefore, it is necessary for us to have a rational understanding of altcoins.
I have written many times in the previous article, everyone knows what the general appearance of the altcoin is,At this stage, there is no value support and landing application scenarios, only hype, that is, the value of "speculation", and speculation must talk about currency prices. In 2017-2018, most of the altcoins have dropped by more than 95%, except for a few currencies. If you can’t intervene when the project starts to promote and get out of the top before the project’s popularity plummets, it’s probably a It's a matter of timing.
How to avoid quilt cover? Recently, I shared a point of view in the community, "Except for several mainstream currencies such as BTC, ETH, and BCH, other currencies are not recommended for long-term holding; if you want to play altcoins, you can only play with Zhuang’s coins”。
The previous old counterfeit currencies are basically cool. At the daily K-line level, the currency price only fell but did not rebound, and it was a long-term negative decline without a lower limit. Because Zhuang Zao ran away, the chips were sold to retail investors. Retail investors In a mess, the currency price will only go lower and lower. This year, all altcoins that have improved slightly this year are driven by dealers behind the scenes.Only the funds in the hands of the banker are the only reason for the rise in currency prices. Other than that, there is no other possibility.
Therefore, for counterfeit currencies, we should not cast a wide net and cast blindly as in the past, and only focus on new currencies that have become more popular in the near future. Pay attention to two points,One is a currency that is hot enough to cause widespread discussion and publicity in the currency speculation group and the currency circle media. Only when it is hot can it attract the attention of retail investors, and then enter the market to chase ups and downs; the other is a new currency, and it must be the concentration of chips Very high currency, the dealer’s first distribution of chips has not yet started, so there is a strong demand for pull orders。
Generally speaking,
Generally speaking,Shanzhai projects must have a climax, that is, the stage where the currency price is skyrocketing. This stage is relatively short in time. It is necessary to enter before the market heat has reacted, and retreat before the end of the currency price climax.Operation suggestion:
Operation suggestion:
BTC: at the daily line level, it is still shrinking and oscillating. The bottom is 9,000 US dollars and the top is 14,000 US dollars. Although it has once again stood on the MA60 daily moving average in the short term, it is difficult to break through the previous downward trend due to insufficient volume. Wire.
The hourly line level fluctuates in a narrow range between 10400-10800 US dollars. This range is the pressure range of the previous box body. It needs to be fully sorted out before it has a chance to attack. In the short term, it is necessary to pay attention to the impact of the delivery of the futures market. If it does not fall below 10,400 US dollars, the direction will continue to be bullish. Once the volume can be enlarged again, it will be able to break through 11,000 US dollars in one fell swoop and enter an upward trend.
ETH: The range of 160-180 US dollars is sorted out. Pay attention to the breakthrough of 185 US dollars. After an effective breakthrough, 200 US dollars will be reached soon, and you can buy low in the short term.
LTC: The 4-hour level rebound trend, the upper pressure is 70 US dollars, the short-term follows the trend of the market, and there is no independent market.
BCH: There is a slight rebound, and $300 is still an important pressure point. After the breakthrough, there will be a market, short-term buying low and selling high.
EOS: Following the rebound trend, the range is 3-3.45 US dollars, the volume can continue to shrink, and the market heat is also declining simultaneously. It is not recommended to operate in the short term.
XRP, TRX: The overall trend continues to be weak, and there is no doubt that the trend of altcoins will not be considered in the short to medium term.
Platform currency: follow the trend of the market as a whole,In the short term, it is greatly affected by news. The short-term rise of BNB was mainly because Binance announced the establishment of a partnership with Paxos. Next month, it will launch a stable currency linked to the US dollar. A lot of energy was released in a short time, but these benefits are small benefits, which cannot sustainably promote the rise of the currency price, and the short-term pressure is 25 US dollars. The short-term pressure of HT is 4.4 US dollars, OKB is 3 US dollars, and GT is 0.8 US dollars.
Altcoins: The overall situation continues to be weak, and it is difficult to have a big market in the short term. As mentioned above, the net cannot be cast widely for altcoins, and the focus should be on popular new currencies.
