Market Analysis: Detailed explanation of the overall trend of the cryptocurrency market
market news
secondary titlemarket news1. Japanese media:
G20 plans to give green light to digital currency transactions, regulatory measures will be explored.2. FATF: Stablecoins supported by large technology companies are more likely to be adopted
Review criteria until June 2021Implementation.3. Crypto exchanges
4.Cashaa has stolen more than 336 BTC；
, all transactions have been suspended;Coinbase Sells Blockchain Analysis Software to U.S. Secret Service；
5. Filecoin core developers:At the request of miners, the testnet incentive plan may be postponed for 1-2 weeksBTC market share drops to 62.5%
review: The decline in BTC market share was caused by the gold-absorbing effect of the stock market, and we still maintain this judgment. After all, according to the news above, the cryptocurrency world is still a world of ghosts and monsters.
BTC market analysis
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BTC market analysisBefore analyzing today, first look at the 6 pictures, look at them carefully, and then ask yourself how do you feel after seeing these 6 pictures? What information did you get from it?
This is BTC, ETH, XRP, LTC, EOS, BCH, the 4H period chart corresponding to the current time of the six targets,
Before, we have always emphasized that the trend of the market is not a one-dimensional analysis, but a multi-dimensional verification.On the one hand, we need to compare the same target and different cycle charts. The large cycle depends on the trend and direction, the medium level depends on the structure and differentiation, and the small level cycle depends on the buying point and position arrangement.We usually putThe cycle of daily-weekly superimposition is called large level, without a large-scale market, it is impossible for us to make a lot of money;The period in which the 4H-1H period is superimposed is called the middle level, the middle level determines that we can make small troubles, play a little market, occasionally add some leverage, and appropriately magnify the benefits; and we put
1H-30min-15min as a small level
As a reference for buying and selling points.
Another aspect is that we need to conduct vertical comparisons of different targets to see if everyone’s trends are more consistent or convergent. If everyone’s trends are relatively the same, it means that the consensus of the entire market is approaching the same. The trend is called resonance.
The first volume of junior high school physics told everyone that when the crowd walks across the bridge in unison, the bridge will be shaken down. The effect of market resonance is often the opposite, and resonance will bring a wave of deterministic market prices.Judging from the comparison of the above 6 pictures, do you feel the resonance?So I think
The window of opportunity seems to be approaching!The layout of this position, the risk has been lifted by the consensus of the market. Although this kind of position may be awkward, and there may still be upward and downward adjustments from the perspective of a single-dimensional chart, but from the perspective of a multi-dimensional chart, the main ideas of the market are all approaching the same, so the relative strategy of entering the market is relatively certain.。
Horizontal and vertical, internal and external multi-dimensional analysis are superimposed, and you will find a clear understanding of your own strategy and analysis. Some friends in the comment area will stop saying that I am completely right!
ETH market analysis
secondary titleETH market analysisThe above analysis has been more in-depth.
Look at the chart of the 1H cycle for specific points.
Unified analysis of XRP, LTC, EOS, BCH
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