In terms of market conditions, BTC went out of the uptrend in the short-term. After testing 10,000 USDT support in the previous two days, BTC fluctuated upward. Today's trend, although the decline is high, BTC is supported in the short-term uptrend line, and the four-hour BTC breaks through MA30, the moving average. The system has a golden cross, and the daily line level is also an upward trend. With the narrowing of the shock range, it is expected that BTC will make a choice in the direction within this month. At the same time, the recent adjustments including BTC and other main circulation certificates have been relatively sufficient, and the probability of upward breakthrough is relatively large. Investors may consider buying gradually on dips.
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In the news, law firm ZP Legal told Mt.Gox creditors that it could help recover a quarter of the 850,000 stolen BTCs. According to Mt.Gox creditors, Moscow-based law firm ZP Legal is proposing a different solution that can recover nearly a quarter of the 850,000 bitcoins lost in the 2014 hacking exchange. ZP Legal estimates that between 170,000 and 200,000 can be recovered through legal action against Russian citizens who have received the money. In return for its assistance, in the case of successful recovery, the law firm will charge creditors 50% to 75% of the recovery amount and hourly rate…
According to an article published on the official website of the digital exchange of Coinbase Pro, CoinbasePro will launch an anonymous DASH on September 16th, except for New York and the United States, and may be adjusted in the future. Coinbase Exchange has always been the representative of the Compliance Digital Clearing Exchange. The listing on the Coinbase platform is therefore regarded as an achievement of Digital Pass. The DASH is no exception. The DASH price has soared within 5 minutes after the announcement. From 86USDT once reached 97.5USDT, but then quickly fell back.
Binance announced yesterday that Binance's future new business (including Binance Futures) will be included in the BNB quarterly destruction statistics and destroy the BNB circulating in the secondary market. At present, the news is relatively limited to the BNB price. OKEx CEO also released Weibo in the past few days that the revenue generated by the future contracts and options business will be included in the repurchase and destruction, and the OKB will rise sharply on the same day.
The current pattern of the digital exchange is still not fully stable, new competitors continue to join, and traditional stock exchanges are also accelerating the exploration and layout of the blockchain field, so we see that even the top mainstream exchanges Do not dare to slack off, the competition between exchanges will continue in the future for a long time. For investors, such a situation is a good thing. Full competition will undoubtedly help the whole industry to develop in a good direction, and the interests of investors will be better protected.
In addition, French Finance Minister Bruno Le Maire said yesterday that when the encryption pass is converted into a “traditional” currency, France will tax the proceeds of the encryption pass, but the currency transaction is still tax-free. At present, the supervision of digital assets in various countries is still in the process of continuous exploration. It seems to be a good idea to levy taxes when digital certificates are converted into French currency. It may be able to provide some help for digital custody supervision in various countries.
Yesterday, BTC hit a high of 10450USDT. Today, it fell back. BTC dropped several times in the first two days, and the lowest was 9882USDT, but they were all pulled back strongly and 10,000 points were effective. The four-hour level and the daily line are both bullish, and the short-term uptrend has already taken shape. As the BTC shock zone gradually narrows, the distance selection direction is not far away. Long-term holders can consider buying gradually on dips, and it is still a good opportunity to get on the bus.
In December 2018, we clearly pointed out BNB's investment opportunities in the bear market, and the first to propose that the BNB in the bull market will enjoy Davis double-click (hedging: the platform pass the bear market profit key – the certificate valuation series) 2) In October 2018, we will point out the price cycle of BTC and predict the bottoming time to be around May 2019 ([Classic update reappears] three laws and applications of BTC Bulls and Bears cycle – Freezing Point Outlook A); In April 2018, when the remaining temperature of the bull market had not been exhausted, we indicated that it was a rebound rather than a bull market (whether the bull market is coming? It is the four reasons for the rebound rather than the bull market).
The BTC is still operating in the finishing interval. The four-hour level and the daily line level are both rising. As the consolidation of the market continues, the BTC shock interval is gradually narrowed, and the distance selection direction is not far away. BTC support level is 10000USDT, 9500USDT, and pressure level is 10900USDT.
ETH is still being suppressed by the 30-day moving average, with a recent focus on the 30-day moving average. The pressure is 185 USDT and the support is 165 USDT.
The EOS transaction has shrunk significantly, with some support around 3.65USDT. A large probability of falling below will further test the 3.45USDT support. The daily-level moving average system has a golden fork, starting to turn heads upwards, the Bollinger Bands opening upwards, and then paying attention to the pressure of the 4USDT position. Breakthrough may mean a reversal of the long-term trend. The support level is 3.65USDT and the pressure level is 4USDT.
The price of digital pass is fluctuating violently. Investment digital pass is a high-risk investment behavior. Investors should reasonably assess their investment ability and risk tolerance, use leverage carefully, strictly control risks, and invest carefully. Investors are advised to keep in mind that investments are risky and require caution when entering the market.
Personal opinions are for reference only. The analysis in the text does not constitute a recommendation for trading, and the profit and loss is self-sufficient. Welcome to reprint, but need to indicate the source.
About the currency
The full-price analysis team of the coin has nearly 15 years of A-shares and overseas markets, investment experience in futures, options and certificates. The past investment performance is excellent. BTC trading started in 13 years, mining machines in 14 years, and Crowdsale in 16 years. The main analyst graduated from Duke University, Fudan University, Shanghai University of Finance and Economics and other famous schools, obtained a doctoral or master's degree, worked in Guotai Junan, Southern Fund, Oriental Fortune Network and Founder Securities, engaged in investment research.