Bitcoin's dormancy could be a harbinger of a dramatic shift
【News】
【News】
According to analyst Bitcoin Macro, the time for market accumulation is almost over. 2020 is the year that cryptocurrencies finally wake up. If it happens, it will be a year that changes people's lives. “Once this market wakes up again, it will generate life-changing profits!” Other analysts also believe that cryptocurrencies will perform better next year. Benjamin Blunts said, "I think Bitcoin may bottom out next year, probably around $6,000." The vice president of LearnCrypto.io believes that Bitcoin will first fall to a low of $6,000 and then hit a record high next year. "There is no doubt that 2020 will be the year of Bitcoin, and it will hit a record high!" Scott Melker also believes that the bulls will control 2020. However, he said, "Bitcoin will create a new bull market, but I can't predict the future." CCN author Kiril Nikolaev said that if Bitcoin is bullish in 2020, altcoins such as Ethereum and Litecoin are expected to follow suit because There is a strong positive correlation with Bitcoin.
BTC began to fluctuate and rise in the early morning, broke through $7,550 for a short time, and rose to a maximum of $7,589, then fell back slightly, finishing in a narrow range around $7,500, and most mainstream currencies rose.
BTC market review: The price of the big pie yesterday has been in a see-saw market. It did not break above 7400 and below 7300. The long-short sentiment was sluggish. In the later stage, we had a long position around 7350, but due to the bulls’ repeated upward rush, they did not effectively break through 7400. The bullish trend pattern has been destroyed, so suggestions are given for capital preservation and liquidation.
Today's analysis: the opening price in the early morning of this morning directly stood at the pressure level above the triangle arrangement, and the bulls continued to make efforts to break through 7500 in one fell swoop. After testing 7550, the price pulled back, stood above 7400, and continued to fluctuate upward. Several important points to pay attention to today : The upper pressure is 7600, and the lower support is 7500, 7400. In this range, aggressive investors can choose to enter the market with short ideas first and then multiple ideas.
Late forecast: If the price effectively breaks through 7600 and the price stands above 7620 in the later stage, aggressive investors will choose to take advantage of the trend to enter the market with long orders, and the target will be around 7800. On the contrary, if 7600 forms effective pressure, they will enter the market with backhand empty orders, and the target will be Around 7400.
ETH market review: yesterday the price of Prince stood firmly on the middle track of the Bollinger Bands, the hourly MACD cooperated with the golden cross, and then fluctuated upwards. After the price touched the upper track of the Bollinger Bands, it stepped back to confirm the action, but because the bands did not close in the later period, the bullish sentiment In the downturn, the MACD golden cross became a dead cross, and the price effectively fell below the middle track of the Bollinger Band, and tested the support level of the 146.00 integer mark again. Then, driven by the trend of the big pie, the price rebounded and returned to around 147 again.
Today's analysis: today's opening price stands above 147, and the MACD golden cross cooperates with multiple hairs to effectively break through the 148.00 pressure level. Investors can choose to sell high and buy low in this range.
Late forecast: If the price effectively breaks through 149.50 in the later period, aggressive investors will enter the market with more orders. If the price can be pulled back to around 147, they can still choose to enter the market with more orders.
LTC market review: Litecoin fluctuated in a wide range in early trading yesterday including midday trading, with the upper pressure at 45.00 and the lower support at 44.00. Affected by the trend of the big pie, in the late trading, affected by the big pie, the bullish force broke through the 45.00 integer mark in one fell swoop and was suppressed around 45.60, and the price began to step back to confirm the support level.
Today's analysis: Today's previous price also rushed upwards and stepped back. After reconfirmation, the bullish force, the price continued to rise, and the upper pressure was around 46.00. Important points to pay attention to today: 46.50, 46.00, 45.00, 44.50. Aggressive investors can choose to sell high and buy low in this range.
Conclusion: The above analysis is for reference only. Investment is risky, and you need to be cautious when entering the market. Real-time understanding of market trends, participation in interaction, attention to the Tintobi team, and you can contact us, join the mustard circle community, and get real-time opinions in a timely manner. Thank you for your support and careful reading of the article! The Tindaobi team only does the most professional technical analysis and is your little financial steward.
Conclusion: The above analysis is for reference only. Investment is risky, and you need to be cautious when entering the market. Real-time understanding of market trends, participation in interaction, attention to the Tintobi team, and you can contact us, join the mustard circle community, and get real-time opinions in a timely manner. Thank you for your support and careful reading of the article! The Tindaobi team only does the most professional technical analysis and is your little financial steward.
