Market analysis: ETH and XRP are still strong targets, and the market outlook is promising
market news
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market news
1. WeissRatings updates the ranking of top tokens: Ethereum ranks first with an A rating, followed by Bitcoin (B+).
2. Barry Shilbert, the founder of Grayscale, said that a large number of advertisements promoting Bitcoin and Ethereum will be placed on FOX, CNBC, MSNBC, and FOX Business next week. He also expressed his desire to bring digital currency to the masses.
5. According to the coindesk article, the following facts can further support the coming of the bull market: the price of gold is rising; the cryptocurrency liquidity in the zombie agreement is re-entering the cycle; the number of addresses holding small amounts of cryptocurrency has reached a new high; p2p transaction demand in emerging markets Increase.
BTC market analysis
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BTC market analysis
First of all, we analyzed BTC yesterday because there are no good market themes and news recently, so we conservatively estimate that the market will adjust to the central bottom position around 11100.
Therefore, we can build a part of the position at the bottom of the convergent triangle, about 3-40% of the unleveraged position. When breaking through the top of the convergent triangle, we can add 2-30% of the unleveraged position and 20% of the leveraged position.
ETH market analysis
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ETH market analysis
The strongest ETH is always exceeding our expected trend. Yesterday, ETH experienced a 4H period of decline. The direct 4H period did not do the third decay period of the 1H period. Even the real second-buy position of the 1H period did not appear, but directly did After an elevated center for 30 minutes, I made a second-buy movement. See the structural analysis in the figure above for specific movements.
If you want to launch an attack, there is not enough volume to rush into the field, and it is almost impossible to complete. So we continue to analyze conservatively, the trend will step back on the 60 moving average, and when we wait to step back on the 60 moving average, we will enter about 50% of the positions.
Unified analysis of XRP, LTC, BCH, EOS
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Unified analysis of XRP, LTC, BCH, EOS
The EOS analyzed yesterday is still under weak consolidation. Today we will analyze the strong XRP.
XRP is still in the strong consolidation of the 4H cycle. The K-line does not go down to find the 60-day moving average, but arranges sideways and waits for the 60-day moving average to go up. This is the strength.
