BTC hits a new high, will it continue to rise in the later period?

特邀专栏作者

2020-01-15 11:47 (UTC+8)

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All the moving averages were in a state of climbing, until the insertion of a small negative line made the situation change a little. I think this wave is purely the bait of the dealer.

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All the moving averages were in a state of climbing, until the insertion of a small negative line made the situation change a little. I think this wave is purely the bait of the dealer.

In related news, Bitcoin (BTC) has surged over 20% since the start of the year, and now major altcoins are starting to join the rally. While BTC is up 8.6% in trading on the 14th, Ethereum (ETH), Litecoin (LTC), XRP (XRP) and EOS (EOS) are all up more than 10%. Bitcoin Cash (BCH) is up over 30%, while Bitcoin SV (BSV) is up a staggering 137%, putting the two coins into the top 5 cryptocurrencies. This round of events raises the question of whether “altcoin season” has begun. Altcoins have actually turned bullish towards Bitcoin during the latest rally, meaning the dollar pair delivered higher returns for the first time in months.

Yesterday’s market review: Yesterday, a currency called BSV jumped to the sixth place in currency value and doubled within a few days, which also surprised many friends in the currency circle. At the same time, it also verified the sentence "One day in the currency circle, one year in the world". Of course, I believe that many currency lovers can make a small profit even if they follow the general trend. Yesterday's opening price was 8084, the highest opening point was 8106, the lowest opening point was 8071, and the closing price was 8086, an increase of 0.02% and an amplitude of 0.43%. On the whole, it opened at a low level, and there seemed to be no major fluctuations in the market for the next few hours. This stable trend was not broken until around 8 o'clock in the morning. A wave of rapid stretching made the highest price yesterday. Come to 8763. Judging from the curves of ma5, ma10, ma15, ma20, and ma25, all moving averages are in a state of climbing. It was not until the insertion of a small negative line that the situation changed a little. I think this wave is purely the trick of the dealer.

Today's market: today's opening price is 8678, the highest opening price is 8699, the lowest price is 8510, and the closing price is 8555, with an increase of -1.44% and an amplitude of 2.23%. After the previous wave of lures, the market quickly stretched to a new high of 8854, and reached today's temporary new high of 8900 at 8:00 today. From the perspective of the StochRSI indicator, there is still a possibility of rising in the short term.

The current price is 8759, radicals can see more now, the target is above 8870, the stop profit position can be set at 8850-8870, and the stop loss price is 8650-8680.

The price steps back to 8600, decisively cover the position and do long, the target is above 8800, take profit 8750-8800, stop loss 8450-8500,

If the price still rises and breaks through 8900 and continues to rise, you can continue to do more than the target above 9050, and the resistance level is 9100-9150-9200. The stop profit position is 9000-9050, and the stop loss position is 8800-8200.

I think the short-term increase is 9000-9500, and the long-term growth rate of this year's Spring Festival will reach 13000-14000!

Hope all friends in the currency circle set a good stop profit and stop loss position, and control the profit and loss by yourself!

Interested currency lovers are welcome to add the teacher WeChat: junglegod1 to communicate together.