The dean analyzed the digital currency market with a cautious, serious and responsible attitude, but did not take it as buying and selling advice. If you do this, you will
The dean analyzed the digital currency market with a cautious, serious and responsible attitude, but did not take it as buying and selling advice. If you do this, you will be responsible for your own profits and losses!
General overview
The market continues to be dull, and the bull market terminator ETC stands out. It has been proved by countless facts that disasters will occur after the surge of ETC. Is this surge in ETC causing another slump or leading the market to rebound? We will wait and see. However, it is not clear whether ETC can stabilize itself, let alone lead the market. Moreover, the current market is afraid that ETC will not pull up, and it is possible to rise by itself.
Position management
Don't admit first, then wait.
market analysis
bitcoin
Continue to rebound, the current disk can only stabilize here, not rising or falling. As I said yesterday, it may climb slowly and rebound indefinitely, but the market will not go far, and it will continue to fall after a high probability. There is too much pressure on the top, which is actually very unfavorable to the bulls now, and the upward environment is not yet available. The dean felt that it would take another plunge to create a better rising environment for the bulls, so the dean was bearish in the medium term and rose slightly in the short term. If there is a heavy volume behavior during the period, whether it is rising or falling, it indicates the direction choice, which can be chased or thrown.
In operation, the strong support is 6500-6700, and the upper pressure is 7000? 7 100。 It is not appropriate to short at present, and come back when the direction is clear.
Ethereum
Struggling in the 525 line, this is the strong support of ETH, and the support here is stronger. If it falls below, the impact will be very bad and it may be sluggish. As a bull, you must hold this position and not break it. So, you can observe more. If 525 effectively falls below, then ETH will be cooled by half. However, on the whole, it still needs to be mixed with the pie. The fluctuation of pie has a great influence on ETH, and it follows the pie almost completely.
Operationally, 525 is critical. If you break it, you will leave. There is nothing to say. The upper pressure is around 560, and rebounding here is the opportunity to run.
BCH
Thirdly, below 1000, the dean expects to have a callback demand, and there is strong support around 880. You can take another look and don't rush in.
etc
What we are going to say today is that ETC has risen strongly, but the dean thinks it is still very difficult to rise again in such a big environment. It is very likely to sideways here and then slowly fall. 16.4 is a big pressure level. If it can stand firm, it is possible to continue to rise. It's not too late to catch up. If it is unstable, the shock will be a high probability event, and everyone needs to observe more.
In operation, the upper pressure 16.4, stand firm and chase again. Below support 14.3, don't rush in, we will depend on the situation.
Just watch the pie in the big bear market. The prices of other currencies are short and fast, and the risks are still great. Just grasp it, but don't regret it too much. Like today's ETC, few people can catch up with the car.
abstract
The market is still quite boring. There are not many things that the dean can write, and there is no passion for writing at all. The dean has reached the point where he has no passion. Is it going to the end? Wow, haha, I think it's possible. Everyone needs to be prepared for bargain hunting. The calmer the market, the cheaper USDT will be. When the market is calm and no one is watching, it is time for you to get on the bus quietly.
Before, the dean predicted that the market would rise again, breaking through the previous high of 1.9 million, killing all the leeks and doubting life. I didn't expect this industry to develop so fast, and there was a tendency to jump upwards and break through the stage of1.90,000. We continued to kill leeks until we doubted our lives, until the institutions closed down, until a large number of companies in the industry died, and then regrouped and rushed back, just like the Internet crash in 2000, which really washed away the weak in the industry, and only the really strong could survive. The same is true for the blockchain industry. It also needs to be baptized by a big drop before it can rise healthily again. It may be good to describe the blockchain industry at this time.