Yitian said: analysis of BTC ETH BCH LTC XRP market on March 6
Saturday, March 6, 2021, the 23rd day of the first month of the lunar calendar [Xinmao month Kuichou day in the year of Xinchou]
Market review:
Market review:
Yitian said [BTC/USDT market analysis]
Yitian said [BTC/USDT market analysis]
Yitian said 【ETH/USDT market analysis】
Yitian said 【ETH/USDT market analysis】
The price of Ethereum maintained a range in the morning as a whole, and the shock range focused on 1520-1550. The short-term callback signal is given, and the price has the momentum to continue to fall. If it falls below 1520, it is expected to test the short-term key support of the 1500 mark. The bullish sentiment has further heated up within the day, and the current price has also risen to the 1580 position. If the market can break through in the future, it is expected to test the 1600 mark again as scheduled. Looking at the short-cycle hourly chart, the track of the Bollinger Bands is gradually being opened. The current market maintains a high level of volatility above 1500. The short-term situation is in a posture of accumulating strength. The follow-up price is expected to be further tested upwards. In terms of operation, it is recommended to focus on long orders and supplemented by short orders. The upper suppression focuses on the 1600 line, and the lower support focuses on the 1500-1440 position in turn.
Yitian said [BCH/USDT market analysis]
Due to the price of BCH going up several times in the past few days and hitting the 550 key, the suppression failed. Recently, the market has entered a callback rhythm. If the price cannot rebound strongly within the day and break through yesterday's high of 520, then once the first-line support of 470 is broken, the market has the risk of further moving towards the 450-430 area; A weak oscillating consolidation of the market, strong pressure in the upper 540-550 area, lower support in the 450-460 area, maintain the thinking of large-scale shocks, wait and see mainly in the short term, and there is not much room for operation. Pressure level: 515, support level: 475.
Yitian said [LTC/USDT market analysis]
The price of Litecoin maintained a weak and volatile pattern in the morning, and a short-term callback signal was given. The price has the momentum to continue to fall. The hourly Tubuling channel is flat. Once the price falls below the first-line support of the middle rail 176, it is currently going higher in the short term, under the pressure of the BOLL upper rail ; Once the upper pressure breaks through, it will open up a larger room for growth, and the market outlook will remain unchanged.
Yitian said 【XRP/USDT market analysis】
The price of Ripple came out of the high in the morning and fell back. At present, the short-term is giving a callback signal. The bottom is supported by the first-line attack line of 0.459 in the hourly chart. Focus on whether the support can be broken. At present, the overall upward trend is still unchanged, and it is recommended to call back and do more. Lower support point: 0.45
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That’s all for today, see you in the next article~!
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