Market analysis: mid-autumn festival fine commentary

Bitcoin has continued to rise slightly since yesterday afternoon, and is currently fluctuating above $10,400. It is temporarily reported at $10,424.80, up 2.26% in 24 hours; ETH is temporarily reported at $181.26, up 1.30% in 24 hours; XRP is temporarily reported at $0.2539, up 0.56% in 24 hours %. In addition, in the past 24 hours, among the top 100 coins by market capitalization, the rise and fall were mixed, among which Atom performed more prominently, rising nearly 20% in 24 hours. The total market value of global cryptocurrencies is US$265.889 billion, an increase of 2.54% from yesterday; the 24h trading volume is US$49.256 billion, an increase of 8.88% from yesterday.

Quotes

During the Mid-Autumn Festival, the stock market and the futures market are all on holiday, while the currency market is open all year round. This is also the happiness and fatigue of investors in the currency circle. For those who collect coins, 80% of the information can be ignored. No matter what the market is going, they only buy but not sell. They really have coins in their hands and no coins in their hearts, but time and energy cannot be bought with money. . But for Xiaobai who has just entered the market, let yourself become "an empty jar", forget your previous investment experience and concepts, and learn and think from a new perspective. Then find a way that suits you, and gradually fill the empty jar with your own coins. However, for those who have entered the market deeply, you have advanced into the currency standard thinking.

Ordinary people who know more than 90% of Bitcoin can no longer read low-level things, and need like-minded people with equal values ​​to move forward together.

During the Mid-Autumn Festival, the Bitcoin army won the victory, and the market price rose above 10,300 US dollars, which can be regarded as congratulations for the Mid-Autumn Festival. Looking back at the white market trend, the small K dropped in the morning, and the integer support of 10,000 points was strong. It stopped falling and rebounded around 10,040. The rebound was not strong. It closed in a saturated candle in 16 hours, and then hovered and broke through the 10,200 line Under pressure, under the influence of the surge in gold in late trading, btc began to accelerate its breakthrough, and the highest reached the 10370 line. The daily level shows a trend of short positions after being under pressure. The short position trend is relatively strong. After breaking through 10,000 points yesterday, it rebounded again, but judging from the current rebound strength, it is relatively weak, forming pressure around 10200. This position If you can't break through upwards, you should mainly sell short.

The daily level rebounded to around 185, supported and fell back under pressure, and still failed to break through the upper pressure. The overall trend is still weak, but it fell to the support position yesterday and began to rebound. The market is still in the shock range, and the direction is not particularly clear and stable. Those who can wait for the market to fall back to enter the market by buying bottoms.

Harmonic Trading Effectiveness:

After getting familiar with harmonic trading, we will find that the prediction of the reversal point of the harmonic mode is scary accurate. As shown in the picture, BTC’s Saifu pattern, the highest point of the retracement is 13,750 US dollars, and the predicted reversal point D is 13,550 US dollars, the difference is about 200 US dollars. If you grasp it, it will be a big market of more than 2,300 US dollars.

Heinz VX (HSBTC5)