Market Analysis: The magical 2020 is about to pass, will Bitcoin welcome the New Year with $30,000?
BTC market analysis
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BTC market analysis
The Serbian government officially confirmed the legalization of digital transactions and distribution yesterday, once again drawing a strong end to 2020.
As a country that does not have world status and discourse power in both traditional finance and the real economy, digital currencies may be their new starting point. Any new affairs that may break the world balance and establish a new world discourse power may be seized by these countries and become a new starting point for their development.
It is in line with Kostononi's famous investment saying: "Those who have no money must speculate." For weak countries, there are no routines and risks to worry about, and all they have to do is gamble. Today, BTC hit a new high on the last day of 2020. Whether it can break through the 30,000 mark, we don’t predict, and we don’t have the ability to predict. We can only make corresponding strategies according to the current market trends and conditions.
Technically, BTC, which has shrunk and risen, has no signal of a pullback at all.
In terms of trend, BTC going north is like a never-turning train, going higher and higher on the road of continuous institutionalization.
Fundamentally speaking, the legalization of trading and issuance in various countries has been introduced one after another, which determines that the legal protection of investors’ rights and interests is on the way. It’s easy to say), it has decided that expansion is an inevitable trend, and acceptance is an attitude sooner or later, and sooner or later it is on the road.
2020, we have to say goodbye.In 2021, we are full of expectations. Believe it or not, even if it is full of bubbles now, it is on the way you have to accept it., The world's major family offices are proving this.
ETH market analysis
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If BTC is a unilateral trend, then ETH is a spiral upward trend, why is this the case,
The core is that there are too many participating retail investors and the market chips are sufficient, so once the BTC pulls back, the ETH band will be easy to do, the large band will do 4H shocks, and the small band will do 1H shocks.
The 4H cycle shock range is 700-750, the central axis is 720, that is, below 720 is the short-term increase position, and above 720 depends on the finishing form.
XRP/LTC/BCH/EOS market analysis
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XRP/LTC/BCH/EOS market analysis
This is the time when small mainstream currencies need to pay attention to risks, and don't increase positions easily.
DOT/KSM market analysis
secondary titleDOT/KSM market analysisDOT 7.00 has become a new watershed between strength and weakness. Judging from the top arrangement of 1H-4H, retail investors shipped more, and main shipments were not obvious. That is to say, in the short term, the position of 7 is still relatively stable, but
If there is a problem with the mainstream currency BTC/ETH, it is almost an inevitable trend for DOT to fall below 7.00. The current fundamentals are not very strong, and it is more caused by the FOMO sentiment in the market
. And in this situation, the main force can go back and forth to make waves, and can kill another wave of small breakouts, and then the fundamentals will get closer, and then pull another wave. So pay attention to the defense around 7, and make strategic adjustments, still the same as above, don't move the bottom position, and do the band.
