Market analysis: Bitcoin's downward momentum has weakened, and attention should be paid to changes in Ethereum
Industry news
Industry news
1. Grayscale BTC Trust increased its holdings by 389, and its LTC holdings increased by 2.97%.
2. Foreign media: Coinbase chose to list directly on Nasdaq.
3. People familiar with the matter: The IBM blockchain team has cut most of its staff.
4. Data: The spot trading volume of encrypted exchanges reached a record high of 900 billion U.S. dollars in January.
6. China Global Shipping, a US-listed company, appointed a former Bitmain executive as CTO.
BTC market analysis
BTC market analysisBriefly describe the short-term technical analysis at the end of the year, the trading volume continues to shrink, the market attention and participation are low, the strong bottom range line of 31,500 is firmly established, the risk of falling weak becomes smaller, and the overall structure walks above the 60 long-term moving average in the 4H cycle. The central bottom range of the line is above 31500. In the short term, although。
Therefore, the overall market is still a balanced market. Judging from the previous layout, it is reasonable for the current position to be around 40%. Judging from the situation of building positions at 28900-30000, there is currently a 5-7% safety cushion, and the medium and long term is OK. Continue to hold it still, waiting for a definite signal.
ETH market analysis
ETH market analysis
Previously, we analyzed that 21 years will be the first year of application explosion. ETH is expected to surpass the alpha coefficient of BTC and become the new leader. We have analyzed this possibility before, as long as BTC can stabilize in a balanced market (no risk of falling) , ETH is expected to go out of its own independent market. Judging from the current situation, it is now in such a trend, similar to the ETH market from April to June last year.
From the current technical point of view, ETH has shrunk and fluctuated upwards, wandering in the center of the daily line, and the center of gravity of the trend continues to rise. Yesterday, the shrinking volume stepped back on the 1300 central strength dividing line, and it stepped out of the offensive form. Today, it is about 1440 before the test again. When it is in the range, there is a high probability that there is a willingness to break through under the premise of the stability of BTC.The position angle continues to be bullish in the long term, and the position is cautiously bullish。
LTC/XRP/EOS/BCH market analysis
LTC/XRP/EOS/BCH market analysis
The vicious trend of XRP, like a fight between trapped beasts, was finally released from the shackles of the cage. Before the news of the release of the risk was released, the main force with serious losses covered their positions at the bottom and received goods. We can see it from the picture below. How does the main force save itself.
This is the reason why we entered the market around 0.22 and shipped around 0.6-0.7. The specific reason why we shipped at 0.6-0.7 is that the amount released by the rise can be too large, the turnover rate is extremely high, and friends who have not returned the cost are waiting to return Originally, the retail investors who returned their original capital were waiting for a new high, but the main force shipped a large number of stocks.
Because the main force has changed hands in the bottom range, the cost conversion of the laundering has been completed, and replaced it with chips with a cost of about 0.2-0.25, so a large number of changes in hands are cheap chips in the bottom range, and there is enough room and price for changing hands Space, let him make a lot of money when there is no new high market, which is why I reminded everyone yesterday that XRP rose with malicious intentions.Other LTC/BCH/EOS will not elaborate on the analysis, or, there is no profit and loss pen calculated, fold the cards and watch the show.
DOT/KSM market analysis
DOT/KSM market analysisDOT is still oscillating at the bottom of the daily center of 15-16, shrinking and finishing weakly.The overall market remains in a stable structure
, the main forces are evenly matched, no one dares to sell easily, grind sideways, and use time to exchange retail investors to leave the market, but this effect will not be very good, continue to maintain a position of about 30-40%, depending on the market changes.
Around the end of the new year, the market is too quiet, and it is still necessary to avoid some changes that may exist, such as the XRP that happened yesterday. The trend of KSM resonates with DOT, so it is still a wait-and-see position.
