OKEx Investment Research: The strengthening of a few mainstream currencies is only a short-term phenomenon, and it is estimated that there will be no sustainability

特邀专栏作者

2020-07-20 18:14 (UTC+8)

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The temporary strength of ETH, EOS and other mainstream first echelons should not be simply compared with LINK, KNC and other sub-mainstream trends, as they are not comparable.

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The temporary strength of ETH, EOS and other mainstream first echelons should not be simply compared with LINK, KNC and other sub-mainstream trends, as they are not comparable.

BTC/USDT Perpetual Contract

The screenshot is from the 1-hour chart of the OKEX BTC/USDT perpetual contract: For the market, there are two perspectives, one is the objective trend status and the coping strategies formulated according to the objective trend, and the other is the subjective prediction based on experience. Actual trading is mainly based on coping strategies under objective trends. Subjective forecasting is more of a prospect or entertainment for future development. It cannot be used directly as a trading strategy. The main purpose is to prepare psychologically for potential risks and opportunities in advance .

The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - consolidation

The current objective trend and coping strategies: In the past three days since last Friday’s night review, the price of Bitcoin still has no significant fluctuations, which is slightly stronger than expected on Friday. At that time, it was predicted that after falling to around 9000, it rebounded slightly, and the actual trend did not have a second bottom, and the index 9000 stopped falling and rebounded.

It is recommended to pay attention to the following prices in the next short-term trend: 1. The dividing line between strength and weakness within the day is 9160. Before this price falls below, it means that the ultra-short-term trend structure is still bullish, and there are further upward expectations. . 2. The short-term resistance level is 9300. We have talked a lot about this point in the past half a month, and the meaning remains unchanged. Those who want to place short orders should pay more attention. If the currency price rebounds close to (or slightly breaks through), there is an obvious stagflation signal (long upper shadow line in the 1-hour chart, bearish engulfment, stagnation after heavy volume) or a good short-term Opportunities to lay out empty orders. 3. The short-term support level is 9000. If there is an obvious stop-fall signal after testing this price in the later stage (conversely understand the characteristics of the stagflation signal), you can consider short-term long-term (it is estimated that the short-term probability of this trend is small).

resistance and support

Subjective expectations (for entertainment only): It is estimated that in the later stage, it will rebound to the 9250-9300 area and then fall back. It is still difficult to break away from the 9000-9300 consolidation area in the short term. This paragraph is not intended as a trading strategy reference.

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ETH/USDT Perpetual Contract

The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise

ETH/USDT Perpetual Contract

The nature of each level: daily line - consolidation, 4 hours - consolidation, 1 hour - rise

The screenshot is from the 1-hour chart of the OKEX ETH/USDT perpetual contract: the current objective trend and coping strategies: ETH outperformed BTC, and started a strong rebound after the early hours of this morning. In fact, it is essentially following BTC, but the increase is larger, including EOS, which is also significantly stronger than BTC. In essence, the market is still a game of stock funds. The "elephant" of Bitcoin is not easy to rise sharply. If it rises sharply, most other currencies will be in a sluggish state.

In this kind of market with a high probability of no sustainable action, it is recommended to temporarily give up the opportunity to continue to do long after a relatively large rise, and look for weakening signals to place short orders. On the contrary, when there is a large drop, give up the opportunity to continue shorting, and wait for a stop signal near the support level to place long orders.

resistance and support

Subjective expectations (for entertainment only): It is estimated that the currency price is expected to test the 239-242 area in the short term, and then stagflation will gradually fluctuate and fall back. This paragraph is not intended as a trading strategy reference.

Support: 237--235--231

EOS/USDT Perpetual Contract

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EOS/USDT Perpetual Contract

The nature of each level: daily line - down, 4 hours - consolidation, 1 hour - down

Subjective expectations (for entertainment only): It is estimated that the currency price will show a stagflation and decline trend when it is close to 2.64. This paragraph is not intended as a trading strategy reference.

resistance and support

Resistance: 2.64--2.70--2.80

resistance and support

Resistance: 2.64--2.70--2.80

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