Bitcoin has doubled down again, has it reached the bottom?

鼓捣币

特邀专栏作者

2019-12-17 08:48

This article is about 2236 words, reading the full article takes about 4 minutes

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Market analysis

Tuesday, December 17, 2019

【News】

After BTC fell slightly, there has not been any effective rebound pattern. In the short term, the sideways adjustment after the decline is a signal for the continuation of the downward trend. Judging from the current situation, the price trend of BTC is not clear, and the adjustment expectations are strong. However, judging from the concentration of currency holdings, the amount of currency held by a single BTC address is similar to that in mid-November 2018, which shows that the main control effect may be better.

Former Bitcoin China CEO Li Qiyuan (Bobby Lee) tweeted today that an ironic fact is that many people who want to invest in Bitcoin to earn income actually lack the ability to bear the risk of price fluctuations; while those who do have the risk of price fluctuations People who can afford it, instead invest in altcoins and lose all their money.

【Technical】

BTC market review: The price trend of the big pie yesterday was relatively stable, and it has been hovering around the middle rail of the Bollinger Bands. The maximum price difference is only about 100 points. Therefore, if you want to get rich profits in this range, you can only rely on large funds and large positions. For small capital customers, there is no need to enter the market.

Today’s analysis: Today’s opening price surged to test the strong pressure level of 7100. After that, the short position increased, and the waterfall fell. It broke through the integer mark of 7000 points in one fell swoop, and directly dropped to around 6850 points. The current price is in a state of shock and rest. Several important points to pay attention to today : 7000, 6900, 6850, the late trend mainly focuses on the rebound of bulls, and aggressive investors can choose to sell high and buy low in this range to enter the market with multiple ideas.

Late forecast: If the price can rebound to around 7000 points in the later period, prudent investors will choose to enter the market with empty orders, and the amount of funds is relatively large, and more aggressive investors can choose to enter the market with empty orders near 6950.

ETH Market Review: Yesterday’s opening price was suppressed by the 60-day moving average. After the rebound confirmed the pressure, it began to fluctuate slowly and downward, and effectively fell below the middle track of the Bollinger Band. The overall downward trend is relatively obvious, but there is not much room for profit. As far as cakes are concerned, Prince Edward is easier to operate.

Today's analysis: At the opening of the market today, the price rebound confirmed the pressure level of the middle rail of the Bollinger Bands. Afterwards, affected by the trend of the pancake, Prince Edward also fell directly. The momentum of the decline was even worse than that of the pancake. And give directly to 130.00. This drop broke the stalemate of long-short fighting for many days, and the short-seller sentiment was effectively released. A few important points to pay attention to today: 133.5, 131.5, 130. In the latter part of today, the rebound will also be dominated by multiple orders. Aggressive investors can choose to sell high and buy low in this range to enter the market with multiple ideas. Steady investors You can wait for the price to effectively stabilize at 133.00, then you can choose to enter the market with multiple orders.

Late forecast: If the price can rebound to around 140.00 in the later period, aggressive investors can choose to enter the market with short orders. If the price drops to around 130 again, and there are obvious signs of bottoming, investors can choose short-term and long-term entry operations.

XRP Market Review: Ripple’s opening price stood firmly in the middle of the Bollinger Bands yesterday, and it hit the 0.220 strong pressure level upwards. After that, it continued the previous trend, showing an n-shaped oscillating decline. The hourly line MACD dead cross cooperated, and was supported at the 0.210 line. The price rebounded upwards, and once again Test the pressure level of the middle rail of the Bollinger Bands.

Today's analysis: Today's opening price fell directly after a short break in the middle of the Bollinger Bands. The price was around 0.200. The lowest price in the history of Ripple is 0.190. This drop is of great significance. It is recommended that long-term investors should not blindly buy bottoms. There are several important points to pay attention to today: 0.210, 0.200, 0.190. Aggressive investors can choose high in this range Throw low suction market operation.

Late forecast: If the price can rebound to around 0.200 in the later period, aggressive investors can choose to enter the market with short orders, and if the price can rebound to around 0.210, they can choose to increase their positions and enter the market with short orders.

LTC market review: Litecoin stood firm at the middle track of the Bollinger Bands at the opening yesterday and tested the pressure level of the 60-day moving average upwards, then fluctuated and fell in line with the main bearish trend, and effectively fell below the 43.00 integer mark, and then rebounded to test the middle track of the Bollinger Bands, consolidating in shock .

Today's analysis: Today's opening price closed negatively. At the same time, the price below the Bollinger Bands has broken through 43.00, and then a bolt from the blue directly hit around 39.00. The long-suppressed short sentiment was relieved, and the bulls began to rebound slightly at this support level. Today A few points to note: 40.00, 39.50, 39.00. Aggressive investors can choose to sell high and buy low during this period, and enter the market with multiple ideas. Steady investors wait for the price to effectively break through 40.00 and can choose to enter the market with multiple orders.

Late forecast: If the price can rebound to around 42.00 in the later period, aggressive investors can choose to enter the market with empty orders.

EOS market review: The overall trend of EOS was still fluctuating and falling yesterday. At first, the price rose to test the pressure level of 2.580 and then began to fluctuate downward, and effectively fell below the middle track of the Bollinger Bands, and then fell below the lower support level of the triangle, and the Bollinger Bands opened. , MACD showed signs of a dead cross, the price fell to around 2.510 and rebounded again, testing the pressure level of the middle rail of the Bollinger Bands, and then oscillating and consolidating, paving the way for another decline.

Today's analysis: today's opening price is around 2.530, taking a short rest, also affected by the price of the big pie, the shorts increased their volume, violently fell, stopped falling and stabilized at the 2.270 line, the bulls rebounded and pulled up, and began to digest the bearish sentiment. A few things to pay attention to today There are two important points, 2.370, 2.325, and 2.270. Aggressive investors can choose to sell high and buy low in this range to enter the market with multiple ideas.

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 Tintaobi team, and contact us (Watch Note Tindaobi Weixin Gongzhong account to contact help) to 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.

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