The BTC head-and-shoulders trend is taking shape

特邀专栏作者

2020-05-22 16:42 (UTC+8)

This article is about 1610 words, reading the full article takes about 3 minutes

The Standard Consensus Market Composite Index was 1,056.51 points, down 4.67% in 24 hours, and the market began to enter a volatile downward trend. According to the standard consensus sentiment index, the current market sentiment is good, and the latest

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BTC: The capital game in the BTC market is obvious, the rise is not accompanied by the increase in trading volume, and the decline is accompanied by huge trading volume. It shows that the willingness of funds to enter the market is insufficient, the depth of transactions is limited, and the concentration of chips is high, so the number of rapid and sharp declines of BTC will intensify. BTC repeatedly failed to break through $10,000 on the 18th and 19th, and then fluctuated and fell to a minimum of $8,800.

BCH: BCH is mainly short-selling, with a stop loss of $245 and a profit stop of $210. After quickly breaking through $245 on May 18, it quickly fell back, attracting more shipments, and then fluctuated all the way down, falling to a minimum of $220.

Highlights of this issue

Summary: The Standard Consensus Market Composite Index was 1,056.51 points, down 4.67% in 24 hours, and the market began to fluctuate downward. According to the standard consensus sentiment index, the current market sentiment is good. The latest index is 1.1. This week, it is pointed out that it is in a downward trend of shocks. The trading volume is gradually increasing, and investors are highly motivated to take profits.

BTC: BTC has been mainly shorted, and the stop loss point is set at $9,300. If BTC falls below $8,000, it will completely open up the room for decline, and the decline may exceed 20%.

BCH: BCH is mainly short-selling, the stop loss point is moved down to $240, and the profit stop point is $210.

current report

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Data source: standard consensus, CoinMarketCap

image description

Data source: standard consensus, CoinMarketCap

According to the standard consensus halving countdown index, the current block height of BTC is 631,247, and there are 1,521 days before the next halving. BTC has been halved, resulting in a certain attenuation, which has a greater impact on the profitability of miners.

Trend review and analysis of BTC, ETH, BCH

According to CoinMarketCap data, the average daily turnover rate of BTC in the past 7 days is 23.06%, which is 7.54% lower than the average daily turnover rate in the past three months, and 7.64% lower than the average daily turnover rate last week. BTC failed to test $10,000 for many times. During the decline, the trading volume gradually increased, and the head-and-shoulders pattern is now in its initial form. BTC is mainly short-selling, and the stop loss point is set at $9,300. If BTC falls below $8,000, it will completely open up the downside, and the drop may exceed 20%.

risk warning:

Be vigilant against illegal financial activities under the banner of blockchain and new technologies. The standard consensus resolutely resists various illegal activities such as illegal fundraising, network pyramid schemes, ICO and various variants, and dissemination of bad information using blockchain.

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