Market analysis

avatar

  • BTC:
  • Let's talk about the market from Friday to today. First, it retreated to 10,812 dollars for support, and then recovered to a maximum of 11,180 dollars, but as the article said earlier, there is no gain.

    Yesterday's quote got a lot of currency friends very entangled, as it broke above $ 11,100, but didn't increase volume, so I didn't know whether to catch up or not. According to the application of the article, it means not increasing the number or not catching up first, holding low positions and waiting patiently.

    However, if you can't help but choose to chase, take a look at your position: Not suitable for the current full position, and preferably no higher than a seven tier position. The reason is, exactly like the paragraph above to replenish your trust in your currency. For the inevitable big bullish market, it is not impossible to take a seven level position as a low.

    IMG_20200920_220801.jpg

    In the short term, the higher the market, the stronger the pressure. In addition, if there is no heavy volume, even if it breaks 11100 dollars, it cannot go far, and there is not much room for profit in the band. This is why I say that heavy volume and 11100 dollars are so necessary. However the market is unlikely to continue this way for very long, it is estimated that changes will take a week or two.

    The top pressure level remains unchanged, with a heavy breakthrough of 11100 blades. Lower short-term support stands at $ 10,800 As long as the position is not broken, the upper resistance level at $ 11,100 will be tested. The lower bound between strength and weakness is between $ 10,500 and $ 10,650. If it falls below this range, the non-reversal rebound will be confirmed, and the rebound will end. It should regain momentum and even cover the $ 9,700 low gap.

    Action suggestions:

    Subjectively, I advise the enemy not to move, and that I must wait patiently for change.

    In the short term view the two white lines on the chart are the $ 10,500 to $ 10,650 short-term support range. This position is the short term boundary between long and short. If you fall below this position, you will regain momentum. If you have multiple positions, you are afraid to fall. It is recommended to place several positions in several bands after breaking this range, and wait for Bitcoin to stabilize before creating.

    In the lower margin fill interval, the first position is at 10 300-10200 dollars. Those in a stable position can make up for it. If it falls below these two points one by one, they should pay attention to the $ 9,800 to $ 10,000 support. If you fall below this range, you can step back again, but don't worry too much. If you fall below this, coin lovers will get the opportunity to invest in chips.

    Support points below, 9771 knives, 9542.75 knives, 9200 knives, stable near the above points can be a fixed investment, the strategy is gradient fixed investment.

    My personal opinion is that if there is an opportunity to break 9,000 dollars and increase fixed investment, the strong support below is still at 8,575.2 dollars previously. The thing to note is don't get excited, try not to study, and don't think about the lowest bargain chips, just have the time and energy to research and make gradient fixed investments.

    The yellow slanted line in the image above is the trend line of this rebound, which will have a certain supporting effect on the currency price. The yellow line above the image stands for strong short term resistance at $ 11,100. This will only change if the volume breaks here. To the upside, there is an opportunity to start the second wave rally. If the volume can break out and stand firm, then cover and raise the position, if there is no swing position then the take profit and take profit must be hedged. Assuming that large volume breaks out and stands firm, watch for the situation of breakout of 11,450 to 11,900 dollars after raising the position.

    The BTC-ahr999 coin hoarding index is the current index of 0.937. When the index is lower than 0.45, it is suitable for bottom hunting, and is suitable for fixed investment BTC in the range 0.45 and 1.2. Higher than this range means that the best fixed investment period is missed. It falls within the takeoff range at 1.2-5. Break 5 indicates that there are bubbles and insane coefficients in them. Ride. According to his current posture, the index will soon rise above the range of the best fixed investment index.

    • ETH:

    Although UNI has revived the mining boom, it has not allowed ether to break through the 400 dollars and become independent. Short-term forecasts still depend on the bitcoin market. However, if the market changes in volume, ether will follow a strong trend. That's optimistic. It is recommended that long-term positions be allocated at least 10% of Bitcoin and 10% of Ethereum. Pressure level: 400 blades, support level 370 blades.

    • BCH:

    Keep gathering momentum and wait for the ambush low to make the investment stick. The recommended starting point is 220 dollars or 210 dollars. Pressure level: 240 blades, supporting 220 blade positions

    • BSV:

    No good news, trend is weaker than BCH, waiting for low opportunities to appear, it is advisable to make a fixed investment below $ 150. Pressure level: 170 blades, support 150 knife position.

    • LTC:

    No big changes, no good, wait for the opportunity to fall out. Pressure level: 52 blades, supports 45 blades position

    • EOS:

    Heat DEFI has not been used properly. In this respect, it's a pity that it doesn't even compare to some ancient public chains in China. If there are no good hopes at a later date, the band's position will not be considered. Pressure level: 3.2 blades, support level 2.5 blades

    • XRP:

    The former CTO of Ripple turned 11.4 million XRP into cash worth nearly 3 million US dollars. The project has started to realize and hit the market again. The trend was weak, so it was temporarily ignored. Upward pressure is at $ 0.26, and downward support is at $ 0.23.

    • ZEC:

    This is fine in the later stages, and the layout can be considered when stable. Focusing first is recommended. Pressure level: 65, support level 50.

    Well, that's it for today! See you tomorrow. Old rules for other currencies, leave a message for consultation! Coin friends who think their analysis is good remember: collect it, like it and keep going.


    Posted Using LeoFinance



    0
    0
    0.000
    2 comments
    avatar

    Congratulations @honeywalnut! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :

    You published more than 10 posts. Your next target is to reach 20 posts.
    You received more than 50 upvotes. Your next target is to reach 100 upvotes.

    You can view your badges on your board and compare yourself to others in the Ranking
    If you no longer want to receive notifications, reply to this comment with the word STOP

    Do not miss the last post from @hivebuzz:

    Update for regular authors
    0
    0
    0.000
    avatar

    Hmmm. I kind of like your analysis on BCH and I might just try to swap some EOS for it on Changenow before I sleep today and just look forward to how it plays out.
    Thank you for this and looking forward to tomorrow's analysis

    0
    0
    0.000