Is the bull market really here?

特邀专栏作者

2019-10-28 17:26 (UTC+8)

This article is about 1588 words, reading the full article takes about 3 minutes

This wave of BTC gains over the weekend can be said to be rare in the history of BTC. BTC jumped from more than 7,300 on Friday night to the highest point of more than 10,300.

AI Summary

This wave of BTC gains over the weekend can be said to be rare in the history of BTC. BTC jumped from more than 7,300 on Friday night to the highest point of more than 10,300.

1. Industry Interpretation

This wave of BTC gains over the weekend can be said to be rare in the history of BTC. BTC jumped from more than 7,300 on Friday night to the highest point of more than 10,300.

The main reason for this rise is that the official announcement of the vigorous development of the blockchain, and actively praised the blockchain as a potential breakthrough technology, and highlighted many of its potential applications. A new encryption law was passed in the evening, standardizing other encryption laws and blockchain-related research.

It is not just BTC that ushered in a small bull market. Investors in many small currencies have unwinded in the past few days, and the entire cryptocurrency market has begun to recover. So the question is, how long can this small bull market last?

2. Today's market overview

In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is normal, with a panic and greed index of 50.

3. Distribution of currency rise and fall

Among the top 100 currencies by market value today, most of them have seen considerable gains. The biggest increase was BTM, which doubled in a single day. Followed by ONT and GXC, 10 of them rose more than 20%. The falling currencies accounted for a small number, NEXO had a 9% decline, and other declines were not large.

4. Trading volume analysis

Among the top 30 currencies by trading volume today, almost all of them have increased trading volume. ONT, the one with the largest increase, saw its price increase by 40%, and its transaction volume doubled by 7 times. The price of NEO has increased by 23%, and the trading volume has also quadrupled.

5. Stablecoin analysis

Note: The USDT on-market discount and premium index is converted based on BTC/USD, BTC/USDT, USDT/USD and other trading pairs in multiple exchanges. It is the percentage ratio between USDT and USD, reflecting the trader's preference for USDT degree. The USDT off-exchange premium index is calculated based on the off-exchange price of USDT and the offshore RMB exchange rate. It is the percentage ratio between USDT and USD, reflecting the degree of crowding of funds entering and exiting the token market. When the index is 100, it means USDT parity, when the index is greater than 100, it means USDT premium, and if it is less than 100, it means USDT discount.

6. Technical Analysis

5 minutes

30 minutes

[BTC] BTC was affected by the positive announcement of the official block chain. Off-market funds ran into the market and directly pulled BTC to around 10,400. The bulls are very strong, and many investors have begun to shout "bull market". Now analyze directly from the 30-minute level trend, it can be seen that the energy in the previous rising period is abundant, and the bulls are consuming a lot. Now in the 30-minute structural structure, the rising space has been overdrawn, and the 10,000 mark is likely to be the short-term high point; combined with Looking at the small level for 5 minutes, after rushing to 9900, the trend energy diverges, which is more serious than around 10000, and the funds will not be released easily.

To sum up, now the short-term upward trend of BTC can be said to have ended and turned into a short market. The operation suggests that the short-term rebound is not strong, and the short-selling is mainly around 9650, with a stop loss of 80 knives.

ETH: ETH is still in the box. There were several rebounds in the intraday, but they all failed. The trend is still a short market. The operation suggests that the short-term short-term short-term is mainly around 184, and the stop loss price is 186.

EOS: In fact, the rebound of EOS this time is not very strong, and there is a lot of pressure on the upper side, and the short-term upside space is already limited. Operational recommendations are mainly shorting around 3.40, with a stop loss price of 3.42.

LTC: LTC has been on the track with a lot of strength this time, and has attacked several times in a row, but the bulls are seriously overdrawn and will come down at any time. The operation suggests short-term shorting around 50, and the stop loss price is 51.

ETH

BTC

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