Market analysis: pay attention to the role of ETH as a weather vane

区块链骑士

特邀专栏作者

2020-06-04 12:00 (UTC+8)

This article is about 898 words, reading the full article takes about 2 minutes

BTC will go up for a 1H hour, and ETH is already leading.

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BTC will go up for a 1H hour, and ETH is already leading.

market news

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market news

1. The U.S. Department of Transportation announced the suspension of all Chinese passenger flights;

The liquidity of traditional currencies requires a new currency with unrestricted liquidity, which is the market opportunity for anti-globalized encrypted digital currencies.

BTC market analysis

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BTC market analysis

Yesterday we judged that 10,000 quickly fell to around 9300, so there is no need to panic, because the volume can be exchanged equally, which means that the risk is lifted. Later, we suggested at the position of 9500-9600 that everyone who has a position should reduce the position first, because the 1H-4H cycle needs an equivalent cycle trend to adjust, this adjustment is likely to be a downward adjustment, and the downward adjustment needs to be re-tested The location range around 9300.

So at this time, the risk outweighs the benefit. Although the probability of falling below 9300 is small, the certainty of this decline is a loss of $300. If it does not fall below 9300, then coming back is a loss. Therefore, it is not cost-effective to calculate the profit and loss ratio, so we suggest reducing the position first. Buy it back after confirming it, which will not increase the cost, and may increase the profit.

But what did we misjudge?

At present, BTC will go up for a 1H hour, and ETH is already leading the way. In this round of market, ETH can be regarded as a weather vane. But there will be a 1H cycle callback later, the callback is not a risk, it is the reconfirmation of the 4H trend, and it is an opportunity to buy again. Focus on tracking ETH.