BTC once again staged a shocking reversal, can it reverse the bear market pattern?

Thursday, December 19, 2019

【News】

【News】

Next year will be the first year of blockchain industrialization

Liu Zhiyi, chief digital economist of the China Blockchain Technology Reform Alliance and a researcher at Tongji University's Artificial Intelligence and Blockchain Intelligence Laboratory (AIBI), said in an interview recently that the country's emphasis on blockchain technology will undoubtedly give Blockchain technology and applications bring huge opportunities. For example, the central bank’s digital currency is accelerating its withdrawal and building a new financial system. Local governments at all levels will also strive to create a benchmark for blockchain industry applications. However, technology and industry have their own laws. I personally think that next year will be the first year of blockchain industrialization, rather than a year of concentrated outbreaks. The blockchain industry still needs more technological innovations and practical application scenarios. Only by continuously exploring the path of industrialization in the next five to ten years will it be possible to realize its scale effect.

【Market review】

【Market review】

【Technical】

【Technical】

BTC market review: yesterday’s big pie continued the previous day’s trend and continued to fall. There were obvious signs of bottoming at the 6600 line, and then the price rebounded, subject to the middle track of the Bollinger Band, so the price returned to the 6600 support level again. We have a lot of layout around 6600 Single and hourly MACD golden cross cooperation, only a wave of short-winding trend appeared at 8 o'clock in the evening, but it was followed by a strong counterattack by the bulls, rushing to increase volume, directly breaking through the middle track of the Bollinger Bands and effectively stabilizing the downward channel The pressure line, the bulls continued to make efforts, breaking through the 60-day moving average in one fell swoop.

Today's analysis: Today's opening price stepped back on the 60-day moving average, and the market is still dominated by bullish trends. It broke through the integer mark of 7,000 points strongly. After a short rest near 7,200 points, it pulled up again in a blowout manner, and directly gave it to near the strong pressure level of 7,400 points. The bullish sentiment was relieved, and the price began to pull back. There are several important points to pay attention to today: 7400, 7200, 7100, 7000, 6900. When the price rises to around 7250 again, aggressive investors can choose to enter the market with empty orders , if the price can pull back to around 7000 points, you can enter the market with more orders.

Late forecast: If the price can effectively break through 7250 in the later stage, aggressive investors can choose to enter the market with long orders. If they can be pulled up to the 7450 line, they can enter the market with backhand empty orders. This empty order is a callback and should not be held for too long .

ETH market review: Prince Edward opened yesterday, the price was suppressed by the 5-day moving average, and fell unilaterally. There were signs of bottoming around 121, and then the price began to rebound, and was suppressed by the 30-day moving average near 125.5. The price fluctuated and fell again. Affected by the trend of the cake, there was also a wave of air-inducing actions, the bulls counterattacked, and the price rose violently, and the price returned to around 128.5 again.

Today's analysis: Today's opening price stepped back on the 126.0 support level. After the price stood above the 5-day and 10-day moving averages, it continued the trend at the end of the previous day and continued to elongate unilaterally. It rushed up to around 134.0. The bulls were weak and the bears began to counterattack , the price once again dropped to around 127, and there are several important points to pay attention to today: 134, 130, 126. Aggressive investors can choose to sell high and buy low in this range.

Late forecast: If the price can step back to around 126, aggressive investors can choose to enter the market with long orders, and if the price rises to the 133 line again, they can choose to enter the market with short orders.

XRP market review: Ripple’s overall trend yesterday was very similar to that of the big pie. It fell unilaterally in the early morning, then rebounded after bottoming out, and then the bulls counterattacked after being empty in the later period.

Today's analysis: Today, after stepping back on the 30-day moving average support level, it started the next round of upside and effectively broke through the 60-day moving average, but was suppressed by the 0.198 first-line strong pressure, and then the price began to fluctuate and fall, looking for the next support level. Pay attention to several important points, 0.1980, 0.1910, 0.1870, 0.1830. Aggressive investors can wait for the price to rebound to around 0.1900, choose to clear short positions and enter the market, with a target around 0.1850.

Late forecast: If the price cannot effectively fall below 0.1850 in the later period, and the 4-hour MACD still shows a golden cross state, aggressive investors can choose to enter the market with multiple orders.

LTC market review: Wright’s trend yesterday was relatively stable in the early stage. After a sharp drop in the early morning, it entered a shock rest zone of no more than 100 points. It effectively broke through the previous ups and downs, and at the same time stood firm above 39.00.

Today's analysis: After stepping back on the 39.00 support level today, the price started a unilateral upward trend, and effectively broke through the 40.00 integer mark, and was suppressed around 41.50. Then the price began to fluctuate and fall, and formed a head-and-shoulders top at the top. The price rebounded to test the neckline The position continues to fluctuate and fall. The important points to pay attention to today are 41.50, 40.50, 40.00, and 39.00. If the price can fall to around 39.00 in the later period, investors can choose to enter the market with multiple orders.

Late forecast: If the price is effectively above 40.00 in the later period, investors can choose to enter the market with long orders. If the price can rise to around 43.50, aggressive investors can choose to enter the market with backhanded empty orders.

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.