Market analysis on November 16th, big bad is coming?
Last night, a document signed on November 14 was widely broadcast.
This document was signed by the People's Bank of China Shanghai Headquarters Mutual Finance Rectification Office and the Municipal Joint Office of Financial Stability with the seals.
The document pointed out, “Recently, with the promotion and publicity of blockchain technology, virtual currency speculation has shown signs of rising. In order to prevent a resurgence, according to the relevant deployment of the National Mutual Fund Rectification Office, each district rectification office is requested to conduct investigations on the following virtual currency-related activities within its jurisdiction. The survey work will be completed by November 22."
For a while, the voices of empty singing and many singing were endless in the group.
The reason for singing empty words: The country should focus on cracking down on fraudulent activities involving illegal virtual currencies, which is a cleansing and strangling of the entire market, and the market will no longer have market prices for a while.
The reason for singing more: Why is the document signed on the 14th issued on the 15th? It is obviously a tool used by the "banker" to attract money, and it is to defraud the chips in the hands of leeks. The more the country cracks down, the currency price will "fly higher and higher", refer to "94".
Bad news is good news, and good news is bad news.
Also on November 14, the website of the Beijing Local Financial Supervision and Administration Bureau issued a “Risk Reminder Regarding Unapproved Business Activities by Branches of Trading Places”.
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Question: At present, the market does not move up when it rises, and it seems difficult to fall. How to operate in the general direction?
Answer: Bitcoin is currently the weakest among several mainstream currencies. Under such circumstances, everyone needs to be optimistic about the trend of Bitcoin. In the case that Bitcoin is not doing well, short-term trading should be as high as possible.
Q: Sometimes the rebound is very fierce, how can we grasp such a rebound?
Answer: When doing a rebound, everyone must remember that when Bitcoin is not stable, any rebound is first to control the position well, try to be in such a volatile and falling market, with the same leverage , Bo rebound positions are less than half of short positions, and secondly, only in some places where the structure is more critical can Bo rebound.
Lighthouse Community—Jiangge
Lighthouse Community—Jiangge
BTC
After last night's decline, Bitcoin chose to trade sideways again. The current short-term trend depends on a rebound. The key point of the short-term rebound is mainly 8550-8600. After that, there is a high probability that the pie will step back and forth in the short-term. Therefore, for the current short-term market, it is still dominated by high altitudes.
ETH
The drop of Ethereum last night has fallen below the very important point of 180 mentioned above. So for the short-term rebound this afternoon, it must be viewed as a rebound, so for Ethereum in the afternoon, it is still a short-term strategy. Secondly, in the following time, there will be a high probability of stepping down to the bottom again, and then consider taking more orders at that time or point.
BCH
The shape has been destroyed, and the high altitude has not stabilized. The first line of attention in the day is in the range of 268-270.
LTC
Latiao is also weak in the short-term within the day, but we should pay attention to the 55 point below. In the short-term, as long as it goes up to around 60 in the short-term, you can enter the market with an empty order.
EOS
Although the trend of grapefruit is still above 3.3, yesterday's decline has destroyed the overall structure as a whole. The top side needs to sell high in the short-term at present, but if it does not plummet to a point below 3.3 again, it can rebound and do long.
XRP
Such a good opportunity, don't miss it! !
Alien
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In the daily live broadcast of the Lighthouse community, in addition to industry analysis by experts in the financial field, at the same time, the latest hot spots and cutting-edge trends in the blockchain industry will also be shared, so stay tuned.
In the daily live broadcast of the Lighthouse community, in addition to industry analysis by experts in the financial field, at the same time, the latest hot spots and cutting-edge trends in the blockchain industry will also be shared, so stay tuned.
Bitcoin price at time of publication: $8473
