Market Analysis: The new market brought by Ethereum 2.0 and DeFi is not far away

特邀专栏作者

2020-07-19 12:42 (UTC+8)

This article is about 1300 words, reading the full article takes about 2 minutes

The so-called horizontal is as long as it is vertical, and the longer it is horizontal, the stronger the market outlook will be. Those who are good at waiting are worth the rewards of time.

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The so-called horizontal is as long as it is vertical, and the longer it is horizontal, the stronger the market outlook will be. Those who are good at waiting are worth the rewards of time.

market news

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1. The secretary to the president of an encryption mining company in South Korea was sentenced to imprisonment for defrauding investors.Ripple plans to enter the DeFi space。

2. David Schwartz, chief technology officer of Ripple, revealed

Ripple plans to enter the DeFi space3. The U.S. government is still conducting research on how crypto exchanges report transaction information, or formulate it under Section 6045 of the Internal Revenue Code (IRC).。

4. Data display,5. Yesterday morning。

6. Data:The active supply of Ethereum in 3-5 years hit a record high of 18 million pieces。

BTC market analysis

secondary titleBTC market analysis

Different from the analysis of ETH, because ETH has good news on the fundamentals, we need to focus on the analysis, while BTC basically has no news, we directly analyze the trend, and look at the place where we draw a red circle on the daily line.Although the long and short moving averages are gathered, they are all in a short position.

At present, the whole trend needs to continue to wait. Although the aggregation of long and short moving averages reduces the risk of fluctuations, it does not give a clear direction for the future. Even if we judge it as a bullish trend with a high probability, it is still not a signal for us to enter the market. soStill need to wait, waiting for the moving average to turn from short to long.Look at the 4H cycle drawing again,

At the first red arrow, 4H once appeared in the form of moving average aggregation, but since the trend of the daily line has not yet turned empty, there are still small-level fluctuations in the entire trend.Start a wave of 4H-level rising market, the daily moving average system may be idling, and then the long-term market may occur.

ETH market analysis

secondary titleETH market analysisThe Ethereum 2.0 market will be one of the main news promoted by this round of market,

At present, the active supply of ETH in the market has surged in 3-5 years and reached a new high in 18 months.

It also fully demonstrates the market leader status of ETH in this round, and the start of the market still requires the reaching of a consensus on fundamentals.Let’s observe the daily trend. The daily line has been trading sideways in a wide range of 220-250 for two months, and has not stepped out of the market. On the one hand, it is the bleeding effect of the traditional capital market, but because the entire cryptocurrency industry does not have a good fundamental Support and good money-making effect, so the market is quiet and trading is light.Judging from the trend of the daily moving averages, the long-term moving averages have caught up and are in a long-term arrangement, while the short-term moving averages are still intertwined and entangled. The main reason is that

The state of idling in the 4H cycle has not been completed yet, and the 4H cycle needs to bottom out and pull back again. Only the short-term moving average of the daily line can be reversed.The so-called horizontal is as long as it is vertical, and the longer it is horizontal, the stronger the market outlook will be. Those who are good at waiting are worth the rewards of time.

Investment is a process of reducing entropy, and so is being a human being.

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XRP market analysisBecause XRP has a market with fundamental themes, the market participation is definitely higher than that of targets without fundamental themes, because it is also the leader of this round of market and small varieties, so the current overall trend is stronger than the others. Focus on analysis one time.The fermentation of the news theme led to a round of sharp rise and completed the trend conversion of the long and short moving averages, so the overall trend is completely better than other small-scale daily lines.