The adjustment of the BTC daily line level may come soon, pay attention to the risks
When browsing news information today, I saw a sentence, "Why do people who gamble get deeper and deeper? The root lies in "returning to the original", I think it makes sense, especially for investors in the current currency circle.
This year's digital currency market, the overall performance is mediocre, and there are only a handful of market hotspots. Except for the IEO concept, the market lasts for a very short time, and the road to return has become very long. The more serious the losses are, the more investors want to return their capital, so they pay special attention to possible opportunities and blindly want to seize any signs of trouble in the market. This also gives many funds and altcoins who play patterns and routines an opportunity to take advantage of .
For many investors,Knowing that the purpose of the banker to violently increase the currency price or trick marketing is to cut leeks, I still take part in it with a fluke mentality, and don’t turn back if I don’t hit the south wall. The end result is that the money is not earned, but the loss is exacerbated. Some people who refused to admit defeat hoped to recover their losses through "rights protection" and joined various rights protection groups. Instead, they fell into another scam of cutting leeks and were charged "IQ tax".
The first priority of investment is the safety of principal, it is said that "entering the market is risky, and investment needs to be cautious", but for investors who are not deeply involved in the world,Blindly magnified one's self-confidence and luck, underestimated the cruelty of the financial market and the dark side of human nature, Only after experiencing investment being squandered, paying tuition fees, and being deeply educated by the market, will you understand the true meaning of it. This is the price of growth.
Back to the market, since September 25 when the market violently rose to the range of 9,000-10,000 US dollars, we have been waiting for the dealer to act again, but two weeks have passed, the market is still calm, and the market is in a shrinking order Trends, policy-related positive factors are gradually fading, and market confidence is also lacking. The FGI index has transitioned from the previous greed to the current panic. At this moment, we should be more cautious.
At the daily line level, judging from the MACD indicator alone, the net long power of the market has been accumulating, with green columns appearing for one month in a row (October), and DIF crossing the DEA line from the bottom and breaking above the 0 axis, representingThe strength of the bulls in the overall market is strong, which is the general trend。
But as the trading volume shrinks day by day, the strength of the bulls is gradually weakening., The MACD green column shrinks and narrows, and the fast and slow lines (DIF, DEA) show signs of moving towards the 0 axis. The short pressure of the dead fork is about to form, and risks are accumulating.
In the short term, if there is no major change in the volume of the market during the weekend or next week, and the current trend of shrinking volume continues, the dead fork will be inevitable.Once the dead cross at the daily level is formed, the market will enter a bear-dominated pattern, At that time, the MA60 daily moving average and the bottom support of 9,000 US dollars may not be able to hold in front of the waterfall.
Operation suggestion:
Operation suggestion:
BTC: Hourly line level, BTC has continued to decline in the past three days, falling from 9440 US dollars to around 9000 US dollars, and once again approaching the bottom support of 8900-9000 US dollars, the bear force clearly has the upper hand. However, judging from the trading volume, the volume released during the period is not large, and there is still a certain amount of support in the bottom range. If the support of the daily MA60 daily moving average is not broken, the market will still fluctuate and consolidate within the range.
ETH: Following the market downtrend in the short term, there is a certain support in the range of 180-185 US dollars. If it can stand firm at the 4-hour/daily level MA60 moving average support, it will usher in a rebound trend again after adjustment, mainly holding currency.
LTC: Hourly line level, pull back to organize the trend, rebounded slightly in the early morning of this morning, but under the overall downward trend of the market, it followed the decline again. The bottom support is 60 US dollars. If the support is not broken, there is still a chance for the market to go up.
BCH: The hourly level is shrinking and falling, with short-term strong support at $280, mainly wait and see.
EOS: Followed the market down for a short time, but the bottom support was strong. It rebounded first this morning, with $3.45 as the bottom support. Once the market stabilizes, EOS has a high probability of leading the trend of mainstream currencies, so you can pay attention to it.
XRP: Leading the decline of the mainstream currency, the price of the currency has fallen sharply in a short period of time, and the volume can be released, which is suspected of being shipped. The short-term currency price has not stabilized, so we need to pay attention to risks. It is recommended to wait and see in the short to medium term, and consider it after regaining a firm 0.3 USD.
ETC: Hourly line level, continuing to maintain a volatile rebound trend. Although the short-term currency price has retreated, the decline can be weak, which is caused by the decline in the broader market. In the future, it will stand firmly in the range of 5.2 US dollars, and there is a probability that it will continue to rise.
Platform currency: The overall price followed the trend of the market, and the currency price fell slightly. The price of BNB hourly-level currency has retreated slightly, and the overall price is still fluctuating in the range of 19-21 US dollars; the price of HT 4-hour level currency has risen and fallen, and the short-term support is at the MA60 moving average. Risks; OKB currency price fell in a short period of time and fell below the support of the 4-hour MA60 moving average. If it cannot be recovered in a short period of time, there is a risk of continued decline; GT continues to fluctuate slightly in the range of 0.6 US dollars, and its volume is too weak.
Altcoins: There is no good market in the short to medium term, and the trend of falling but not rising is reappearing. The liquidity and support of currency prices are getting weaker and weaker, so we need to pay attention to risks. The domestic public chain currencies that we have been paying attention to recently have certain support compared to the downward trend of the broader market, and we can continue to wait and see.
