Market analysis: the trend is weakening, and the breakout is imminent

特邀专栏作者

2019-11-14 16:54 (UTC+8)

This article is about 1553 words, reading the full article takes about 3 minutes

Last week, NEO, which ranked 17th in market value, rose by more than 16%. The increase in the past few days has been even more impressive. The increase reached about 10% yesterday, and the increase has jumped back to the level of July this year. What exa

AI Summary

Expand

1. Industry Interpretation

To put it bluntly, NEO is the domestic version of Ethereum, because NEO and ETH have many similarities. Both are smart contracts and help other platforms issue tokens.

Although there are many similarities between NEO and ETH, there are essential differences between the two. The biggest difference is that NEO uses the POS mechanism (same as BTC), while ETH uses the POW mechanism.

The price of NEO has nearly doubled in the past month, and it has also increased by 16% in the last week. Although there was a slight correction before today’s manuscript was received, the daily increase still exceeded 6%.

2. Today's market overview

In terms of market sentiment, according to Alternative.me statistics, today's market sentiment is panic, with a panic and greed index of 41.

3. Distribution of currency rise and fall

Among the top 100 currencies by market capitalization today, the overall fluctuations are not large, only a few currencies with relatively large fluctuations, and the mainstream currencies all have a slight decline. The most volatile currencies are all small currencies. For example, AOA has the largest drop, with a drop of more than 30%. Followed by Astro Boy ATOM, a drop of about 5%. The biggest increase is NOAH, which has just entered the top 100, with an increase of about 30%.

4. Trading volume analysis

Among the top 30 currencies by trading volume today, the trading volume of most currencies has not changed significantly. Ignore the flashed OF for now, the most eye-catching thing today is LINK. Because LINK has set new highs continuously in recent days, the price was still hitting new highs just before the manuscript was received, reaching the level of early July. BNB has also risen continuously in recent days, and hit a new high after the skyrocketing price at the end of October. The performance of HT, which is also a platform currency, is also strong.

The total supply of the stablecoin market is about 5.15 billion US dollars, no significant change from yesterday. Among them, USDT increased the most, with an increase of about 3.36 million US dollars. The USDT OTC Index (USDT OTC Index) reported 99.35 points, down 0.26% in 24 hours. The USDT FTP Index reported 99.88 points, down 0.08% in 24 hours.

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.

5 minutes

30 minutes

[BTC] BTC continues to fluctuate in the market, but the trend has obviously changed from strong to weak, and the slight decline has not broken the position, indicating that this shock range is still very strong, and it is also more important for future direction selection. Looking at the 30-minute level, BTC has begun to weaken, and it can be shorted on rallies. The 5-minute level has been significantly weaker.

To sum up, if BTC rebounds, you can go short. The operation suggests shorting around 8700, with a stop loss of $80.

ETH: ETH is more volatile than BTC. The operation recommends short-term shorting around 186.53, with a stop loss price of 188.

EOS: The trend of EOS is similar to that of the big pie, and has been strongly supported at the 3.4 support level. The operation suggests shorting around 3.44, with a stop loss price of 3.5.

LTC: LTC has the largest decline, and its recent trend is also the weakest. Operational recommendations are mainly shorting around 59.8, with a stop loss price of 60.6.

BCH

LTC

EOS

ETH

BTC

Welcome to Join Odaily Official Community