QKL123 market analysis | The strong rebound of the cottage currency, bitcoin attacked 11,000 US dollars (0819)

Abstract: Yesterday's altcoin rebounded relatively strong. Today's BTC volume exceeded $10,500, and it is expected to hit $11,000 in a short time. The short-term BTC will continue to adjust its power in the convergence range, and the long-term upward trend will remain unchanged.

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According to QKL123 statistics, on August 19, 2019, the total market value of the global Token market was 1,940.532 billion yuan, the total market value of 24 hours increased or decreased by +3.01%, the total turnover of 24 hours was 321.48 billion yuan, and the total turnover of 24 hours changed + 9.69%, 24-hour market activity increased significantly. The market value of BTC accounted for 67.59%, which was significantly lower than yesterday, and the market risk aversion has eased.

At 13:00, the top ten encrypted assets in the market value (excluding USDT), XRP rose the most in 24 hours (+7.73%), BTC rose by +2.23% in 24 hours, ETH rose by +5.84% in 24 hours, LTC rose in 24 hours + 5.53%, EOS rose by +3.86% in 24 hours. The USDT rose by -0.61% in 24 hours, and the net outflow of funds today was 291,398,500 yuan, which was opposite to yesterday.

The Babbitt Composite Index 8BTCCI reported 14159.05 points, 24 hours up and down to +3.46%; alternative.me sentiment index was 30, which was significantly higher than yesterday (14), and the market performance changed from extreme fear to fear. Today's global Bitcoin's Google search trend (peak 74) has dropped from yesterday's (peak 83), lower than the average since the 7th, and the top three countries in search popularity are Nigeria, Brazil and Austria.

Analyst's point of view: The day before yesterday, ICE's futures exchange Bakkt will be launched on September 23, which is a long-term positive for BTC. First, physical delivery increases BTC demand, and second, its compliance is beneficial to investment institutions. . However, this kind of good news market has been digested, and the short-term shocks have adjusted the situation.

First, the spot BTC market

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At 01 o'clock in the morning, the BTC dropped to a minimum of 10,000 US dollars. After that, it oscillated upwards and the volume continued to shrink. At 16 o'clock today, it again hit a high of 10,500 US dollars. At present, the bulls have strong potential and continue to attack 11,000 US dollars. From the four-hour K-line, BTC gradually converges to the middle of the triangle, and it is expected to continue to fluctuate after standing for $11,000 in a short time.

Fund face

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As of 14:00, BTC's net capital inflow today was 763,842,200 yuan, an increase from yesterday. Among them, the large inflow (more than or equal to 1 million yuan) net inflow of 4,390.62 million yuan, the large single (between 300,000 yuan and 1 million yuan) net inflow of 30,577.80 million yuan, in the middle (between 50,000 and 300,000 yuan) net The inflow of 528,737,300 yuan, the small outflow (less than 50,000 yuan) net outflow of 11,463,300 yuan. The market is dominated by large orders and medium orders.

2. Fundamentals

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At present, the BTC's total network computing power is 72.58 EH/s, which is significantly higher than yesterday (63.82 EH/s), close to the historical high point, and the long-term upward trend has not changed. Yesterday, the number of coins destroyed was 2.0255 million (historically smaller), which was significantly lower than the previous day (2.7752 million). The long-term uptrend was not destroyed.

Second, the spot ETH market

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After rebounding to 190 US dollars in the early morning, it continued to attack 200 US dollars, but no significant amount can be released, and it is more likely to continue to attack. The ETH/BTC traded against the low of 0.0178 BTC in the early hours of the previous day, and then oscillated up to around 0.0188 BTC, with a slight increase in the amount.

Fund face

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As of 14:00, ETH's net capital inflow today was 136.905 million, an increase from yesterday. Among them, the large outflow (greater than or equal to 1 million yuan) net outflow is 67.534 million yuan, the large single (between 300,000 yuan and 1 million yuan) net inflow is 1978.68 million yuan, and the medium single (between 50,000 and 300,000 yuan) net The inflow of 5,774,700 yuan, the small inflow (less than 50,000 yuan) net inflow of 26.82 million yuan. The market is dominated by large single positions.

2. Fundamentals

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Observing the Midu statistics, the overall activity of the 24-hour ETH DApp increased slightly. Among them, the pledge of DAI's 24-hour total flow (3,429 ETH) increased or decreased by +0.44% compared with yesterday, the trading platform IDEX's 24-hour total flow (1,258 ETH) increased or decreased by +4.46% compared with yesterday; the game encryption hero's 24-hour active user The number (2,486) increased or decreased by +3.28% compared with yesterday; the number of 24-hour transactions (679) of the stable currency Paxos Standard increased or decreased by -0.44% compared with yesterday.

Third, the spot LTC market

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At 12 o'clock yesterday, LTC touched a minimum of 71.4 US dollars. After that, it oscillated upwards. The amount of energy increased. At 15 o'clock today, the first bit of bitcoin was up, and it is now at 78 US dollars. The LTC/BTC transaction rose slightly from yesterday's low of 0.0070 BTC, but fell back after rising to 0.0075 BTC today.

Fund face

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As of 14:00, the net inflow of LTC funds today was 27.806 million yuan, which was reversed yesterday. Among them, the net inflow of oversized single (greater than or equal to 1 million yuan) is 5,879,100 yuan, the net inflow of large single (between 300,000 yuan and 1 million yuan) is 1,839.93 yuan, and the net inflow of medium single (between 50,000 and 300,000 yuan) 2507.24 million yuan, a small single (less than 50,000 yuan) net outflow of 74.634 million yuan. There are differences in the market, and most of them are reduced by small orders.

2. Fundamentals

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At present, LTC's total network computing power is 377.60 TH/s, which is higher than yesterday (335.78TH/s), but close to the low point of two months. Yesterday, the number of LTC coins destroyed (828.18 million, historically small) was significantly lower than the previous day (8,079,900), and the long-term trend was not destroyed.

Fourth, the spot EOS market

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Yesterday, EOS was down from the low of 3.5 US dollars, and the highest upside to 3.7 US dollars, the small shocks down, there is a trend of up to 4 US dollars. The EOS/BTC transaction has fluctuated upwards from the previous day's low of 0.00034 BTC, and has been rapidly declining since the current high of 0.00036 BTC. Currently, the BTC is weakly linked.

Fund face

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As of 14:00, EOS's net outflow of funds today was 12,318,700 yuan, which was reversed from yesterday. Among them, the large outflow (greater than or equal to 1 million yuan) net outflow of 167,700 yuan, the large single (between 300,000 yuan and 1 million yuan) net outflow of 36,344,100 yuan, in the middle (between 50,000 and 300,000 yuan) net The outflow was 40,911,100 yuan, and the net outflow of small orders (below 50,000 yuan) was 45,718,800 yuan. The market is mainly based on lightening up.

2. Fundamentals

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Looking at the Midu statistics, the overall activity of the 24-hour EOS DApp was slightly reduced. Among them, the number of 24-hour active users of entertainment game Texas Hold'em (1,213) increased or decreased by -0.41% compared with yesterday, the number of 24-hour active users of entertainment game Trust Dice (713) increased or decreased by +0.14% compared with yesterday, entertainment game WinPlay 24 The number of active users per hour (764) increased or decreased by -0.13% compared with yesterday.

V. Analyst strategy

1. Long line (1-3 years)

The long-term trend of BTC is improving. Currently, it is in the stage of partial adjustment. The market of mad cows may come in the next one to two years, and it can be added on a dip. The BTC trading of the intelligent contract platform ETH, the altcoin leader LTC, and the DPoS leader EOS is at a low level during the year and can be configured on a dip.

2. Midline (1-3 months)

The short-term downside is not large, and the BTC continues to consolidate its reserves, which can be used to bargain.

3. Short-term (1-3 days)

In a short time, you can do more on dips, short on rallies, and pay attention to the direction.

14 Note: Encrypted assets are high-risk assets. This document is for decision-making purposes only and does not constitute investment advice.