Market analysis: What should I do if I smash the market before the Spring Festival?

Today is Saturday, we will answer the questions asked by users in the live broadcast room every night, and select targeted questions to organize the text. Friends who don’t want to miss it, please move to the live broadcast room every night~~~

Today is Saturday, we will answer the questions asked by users in the live broadcast room every night, and select targeted questions to organize the text. Friends who don’t want to miss it, please move to the live broadcast room every night~~~

Question: Yesterday, there was a large whale account that transferred more than 50,000 BTC in 22 consecutive transactions within half an hour. What kind of impact?

A: There are actually many possibilities for this news to come out. The first and biggest possibility is that it has no impact on the market, so many coins are not used for trading.

Second, if it is used to smash the market, the market has no funds to bear such a large amount of funds. Based on the current market trend, the probability of maliciously smashing the market is not very high.

Therefore, the short-term impact of this news on the trend of the currency is actually negligible. The impact on the subsequent market may not be as great as imagined.

Question: It has been reported on the Internet that Bitcoin will crash one month before the Chinese New Year for five consecutive years. Will this year be like previous years, where Bitcoin will crash one month before the Chinese New Year? How to deal with it?

Answer: The main reason why the market has been smashed before the Spring Festival for five consecutive years is the shortage of funds. There is also a trend of this year that it is still possible to smash the market before the Spring Festival. At present, it depends on how Bitcoin will go here.

If the market is pulled first in the past few days, then after a short period of time, it may be pulled up, and after another drop, it may be the Spring Festival smash period. But beware of the price first smashing the market, and instead taking advantage of people's bearish mentality to pull the market during the Spring Festival, so it mainly depends on how Bitcoin will go recently.

But in the long run, the lowest price currently presented is around 6500. And near this position, the probability of a sharp drop again is very good. Even if the market hits around 6000, I think it should be almost the same, that is, it is easy to form a double-bottom pattern here again.

Review on December 7

Lighthouse Community—Jiangge

BTC

Lighthouse Community—Jiangge

ETH

Although Bitcoin has risen last night, the overall rise is not enough. The only good point at present is that it has gone up to 7450. Because the overall rise is not enough, so for the best trend of many parties, it needs to be at this position It is best to resolve the previous hold-up in a sideways market, and it is better to use 7450 as a benchmark. Short-term weakness needs to be adjusted and resolved, just pay attention to the key points of the following parties.

BCH

The trend of Ethereum was said to be a little weaker last night, so the currency is still a little weaker today. In the short term, it is better to hold on to the 146-147 position. If you can't hold it here, you will more or less dive.

LTC

Bitcoin cash is basically going relatively strong now, and the support around 212.5 will be tested later. If it continues to not fall, it can gradually buy lower.

EOS

If Latiao is strong, it needs to fluctuate around 45.5, and the downward range should not be too large, so as to have a chance to reverse the current weak situation.

XRP

It was mentioned last night that grapefruit itself is strong, and it is also very strong today. At present, it is best to fluctuate upwards, and it is best to pull up the price at the time point of 2.7.

Ripple is the last drop of the weekly line, so the overall trend is very tenacious. If other currencies are not strong, there is a high probability that it will not be able to market independently, so there is no need to be short. To be long generally depends on the face of mainstream currencies. Do not participate in the short term. as well.