PGS crashes, mainstream coins are shaky
These two days can be described as turbulent. First, BTC Tiandi needle reappeared in the world, and then PGS, poison and other garbage coins ran away and collapsed. Didn’t they say that they would run away at the end of the year, so anxious to buy new year’s goods so early? This PGS can be said to be a good player in the game. Although I don’t play, I have also lost money (after all, I don’t know how to advance and retreat when I am young.) Let’s chat with you briefly. From a speculative point of view, Shanzhai The rate of return of the currency is very crazy. The so-called mainstream currencies such as BTC cannot keep up. It is very easy to explode 100% in any day, such as PGS, DU, etc. You can open their historical K-lines to see that they are rising steadily every day , Xiaobai who doesn't know why will definitely be very happy, as if he has found a treasure! But please be vigilant, this kind of currency must have a very large risk in it (there is no such thing as a steady profit), and this risk is that the dealer's degree of control is very high! Friends with a little basic knowledge know that in a free trading market, it is absolutely impossible for the K-line to follow the pattern shown above, and the reason why Zhuang raised the price of the currency is undoubtedly that yesterday’s incident happened at some point in the future. Things = Crazy smashing, because their purpose is to make money, if the purchased coins cannot be sold, it means that they can’t make money, so they will definitely use various methods to prevent retail investors from leaving the market, such as after fake trading Pulling plates to set off your confidence, posting pictures on Moments, giving lectures and training, etc., please keep your eyes open. If you don’t kill others for yourself, if you don’t work hard, no one will give you money for nothing.
Detailed video:https://www.bilibili.com/video/av71836030
BTC
Well, back to the disk, first look at the big level, the weekly level, last week’s falling gestational line break did not bring a better bullish view to this week’s market, on the contrary, the price is currently falling, and there is It takes about 24 hours to close the line. If the market cannot be opened up before closing the line, then the trend in the next week will be more dangerous, and the bearish elements will continue to increase. At the same time, we see that the fast EMA crosses the medium-speed EMA. The current price harvest will undoubtedly form a short-term dead fork, and traders based on the moving average will intervene in short selling, resulting in a further decline in prices.
At the daily line level, the currency price is still fluctuating in the range of 7800-8600. One month has not allowed the price to leave this area. First of all, this is a very unfavorable phenomenon for the bulls. We assume that if the bulls are strong enough, then this should not have happened. This kind of K-line that oscillates and washes the market, the bulls can directly pull back to 9200 with heavy volume, and retail investors are bound to chase up the price to further push up the price, but this did not happen, what does it mean? It shows the weakness and lack of confidence of the bulls, and the weakness of the bulls. The previous trend was a bearish trend. At this time, as long as the bears increase their volume a little, the price will definitely go down for a long time, and even break through the psychological threshold of the public.
After our analysis above, we can see that the current market is obviously in the stage of urgently needing bulls to revive confidence in the market. If the bulls cannot perform here, then the price will continue to break down and hit new lows with a high probability! Now that we have come to such a point of view, we need to further find the place that can bring us profit opportunities, that is, how should we keep the principal or obtain profits through this potential "price drop"? Looking at the 4 hours, the price is currently at the bottom of the shock range. According to the past practice, if the bulls are strong enough, they will not cause such a long period of stagnation. , but this time, the bulls did not behave like this. Instead, they lingered here for a very long time, and had no strength to continue to push the price up.
Finally we come to 1 hour, the classic Tiandi needle, the price hits the supply zone first, and then the price falls back to the starting point after the lack of resistance. The current rebound momentum is insufficient, stagnant, and there is no good opportunity to enter the market
Suggestions for operation: BTC spot should stay on the sidelines and should not buy bottoms here. Wait for the price to re-establish an empty order around 8200 before the price pullback. If you have already held an empty order before, you can continue to hold it. The medium-term target is 5900
ETH
The price has been running below the long-term moving average for a long time. The two surges were suppressed by the medium-term moving average and kept hitting new lows. At present, the opening of the medium- and long-term moving average is showing an expansion trend. At the same time, the price is also suppressed by the historical high trend line. In the short trend, the key support below is 164, and the pressure above is 187. It is recommended to call back and short, and the key support level can be reduced.
EOS
The decline has no bottom, the moving average trend line is perfectly suppressed, and the trend is the same as that of EOS. It is recommended not to intervene in long positions, but to step back and intervene in short positions. The key pressure is 3.13 and the key support is 2.704.
