There is no fluctuation in the mainstream on the weekend, and the market outlook will see the long-short struggle
Today, the market rebounded after fluctuating and falling. The market value fell from 226 billion US dollars yesterday to around 224 billion US dollars, followed by a slight correction. As of now, the total market value of global digital assets is 225.511 billion US dollars, a slight drop of 0.08 compared to yesterday's 225.694 billion US dollars %. In terms of trading volume, today's overall trading volume is on a downward trend. As of now, today's 24-hour trading volume is 55.347 billion US dollars, a drop of 13.96% from yesterday's 64.330 billion US dollars.
The current ratio of long and short positions on Bitfinex is 2.9612, an increase of 0.34% from yesterday; USDT rebounded slightly today, and the OTC spot price was 7.11, which is in a positive premium state, with a premium rate of about 0.29%.
The top ten currencies with net capital inflows in the past 24 hours are ETH, ZB, EOS, SEELE, ETC, XRP, DASH, SNT, TRX, and LTC. The Shallot APP market shows that Bitcoin is currently hovering around 8,400 USDT. In terms of funds, the net outflow of funds continued yesterday. The net outflow of funds was 586 million yuan, ranking first for two consecutive days. Among them, USDT has the most outflow of 584 million yuan. On the other hand, as of now, the top five 24-hour net outflows are: BTC, TUSD, XPO-X, ITC, and BCH.
[Changpeng Zhao: Whether BNB can surpass ETH within 3 years is difficult to measure, and only the market value can be compared] Twitter user Udi Wertheimer tweeted that EOS or BNB will surpass ETH within 3 years. In this regard, Changpeng Zhao responded that it is difficult to measure whether BNB can surpass ETH within 3 years, and only the market value can be compared. Let's grow together. I have nothing but respect for V God, even if he wants a part of our business to be in trouble. Wish him and us all the best. God V replied to Zhao Changpeng, saying, I hope your career goes well.
[V God: PoS will make Ethereum more secure than Bitcoin] Vitalik Buterin said at the Ethereum Developers Conference Devcon 5 that after implementing the Proof of Stake (PoS) consensus algorithm in the Ethereum blockchain, the cost of potential attacks is relatively low. High, Ethereum will be more secure than Bitcoin.
BTC
After breaking through the descending and converging triangle the day before yesterday, the bulls continued to strengthen for a while. This morning, there was still a large-scale pull-up, and a period of shock consolidation was carried out, but they did not effectively hold the high position at night. Under the pressure of touching the moving average, The short-haired force formed a large-scale callback, but it still holds the short-term support at present, and the overall is still in the ascending triangle channel as expected.
The consolidation of the white market led to the accelerated closing of the Bollinger orbit, the MA5 moving average is basically parallel to the Bollinger middle rail, the MA10 still maintains a downward trend, the MACD potential energy has dropped significantly, and the RSI lines have begun to converge. Prepare, market analysis ~ K-line technical guidance and consultation The author (ZB999810) recommends entering the market with an empty order around 8350~8450, and the target is around 8200
ETH
The upper part is suppressed by the 5-day moving average (186), and the market outlook will continue to follow Bitcoin's shocks and choose directions. The first support level is 180, the second support level is 170, the first pressure level is 186, and the second pressure level is 190. It is recommended to continue to hold above 180 Currency, the part that fell below the lighten-up position returned to the level near 170 to stabilize and pick up.
XRP
A pressure range is formed between 0.28 and 0.29. It is difficult to break through in the market outlook. Those with heavy positions can reduce their positions on rallies and wait for low buying. The first support level is 0.27, the second support level is 0.26, the first pressure level is 0.28, and the second pressure level 0.29, it is recommended to continue to hold currency above 0.27, and fall below the lighten up part.
LTC
In the absence of good news, Litecoin is basically linked to the broader market, and the trend of various indicators is also weak and sluggish. It will also adjust the market in a volatile manner. Operationally, today's pressure level is 58, and the support level is 52.
BCH
Bitcoin Cash basically fluctuates with the market. Since the previous K-line has fallen below the 10-day line, and its energy is constantly weakening, the trend in the short term is not very optimistic. Next, it will be linked with the market to fluctuate and go down. In terms of operation, the pressure level is 230 today, and the support level is 215.
Currency Basics
If there is any improper operation, please consult the author (ZB999810)
1. Enough is enough, and there is a limit to greed
Greed itself is not a mistake. The key question is not whether to be greedy or not, but whether to be greedy or not. Enough is enough, greed is greedy, and insatiable greed regardless of reality becomes greed. There is a very vivid metaphor, investing is like eating fish, you have to remove the fish head, not the fish tail, and only eat the body of the fish.
If you don't try to buy at the lowest point or sell at the highest point, then investing is a very easy and natural thing. Investment is the same as playing chess. It is a wise choice to give up some local gains and losses to obtain the overall initiative and advantages. When the point is already very low, you only see risks but not opportunities, or when the point is already high, you don’t know how to control risks and blindly chase profits. Lose the overall situation.
2. Don’t be bitten by a snake once, and be afraid of well ropes for ten years
Investors who fail after some investments often form a certain degree of fear, which is an important psychological misunderstanding that causes the failure of the next investment. For example, stockholders who have been deeply locked in once will become more sensitive after buying stocks next time, and the dealers often panic and sell at a loss when their positions are shaken. Similarly, stock investors who have just let go of a dark horse at a low position will become more reluctant to sell next time, so it is easy to miss another real opportunity to sell. Once bitten by a snake, ten years of fear of well ropes, speculation in coins, when it is time to be aggressive, you must seize the opportunity to move forward bravely, and when it is time to stop and wait and see, you can take a break.
3. Rational investment, do not "gamble"
The main purpose of many investors is to make money. It is understandable that they are eager to make money and get rich. The key is that the purpose of investment is to focus on future returns. Adjust your mentality and methods instead of rushing to earn back your losses. The consequence of this may be that the losses will be even heavier. Investment, invest rationally, and don't have too much gambling mentality.
You must strictly set "stop profit" and "stop loss" when speculating in coins, and don't take chances. Be sure to have a clear wish before placing an order: bullish and bearish, long-term and short-term, stop profit and stop loss, etc. But we can't be completely limited to this, because the market is changing at any time, and the most important thing is to adjust the mentality with the market.
