[Yesterday market review]
Bitcoin began to fall early in the morning, and then broke new highs; the rest of the market is the digestive adjustment after the next wave of rise.
- On June 23, the market analysis continued to touch the bitcoin, and the heavy pressure zone on the top was difficult!
- Market analysis: the bears have not gone far, they will counterattack at any time.
- Market analysis: incremental funds are not in place, the market is under pressure
- Market Analysis: BTC trend is entangled, it is difficult to drive emotions
- Market Analysis: BTC's outbreak is rising
- Market analysis on May 10: The big cake sucks blood and replicates the trend of 2017?
But there are two short signals during the day.
Signal 1: There is a fixed signal at 5298, the stop loss is placed at 5348; when the market declines to 5201, the maximum profit is 97 USD. At least you have to move the stop loss to the entry position to ensure that the transaction is not Risky.
Signal 2: When the market falls below the horizontal support, the moving average is short, so the short position is involved in 5268, the maximum profit is 67 US dollars, and the stop loss can also move to the entry position.
Summary: There are two signals yesterday, choose one to do, and give up the other one.
Bitcoin sky map
Yesterday's Yinxian fell below 5340 and was temporarily supported by 15EMA. As long as the market does not stand at 5340, there is still a chance to go down to test. The support of Tiantu is at 5060.
Bitcoin for four hours
Four hours yesterday was suppressed at 5340, and 50 SMA and 15 EMA began to appear dead forks, indicating that the market gradually turned from bullish to bearish.
However, due to the support of the 15EMA of the sky map, it will not fall for a while. If you have to go up and break the 5340 lure today, and then take it back, you have the opportunity to continue to go down further.
In summary, the short-term pressure of Bitcoin is in the 5430 area. If there is a lot of lure in this pressure belt, there is a chance to go down and test the 5060 area.
The Ethereum average is short, and the downtrend line remains intact. If there is a chance to fall below the green uptrend line, there is a chance to continue testing down.
The LTC moving averages are arranged in a short position. If you adjust more, after testing the downtrend line, you will have the opportunity to continue to fall.
On May 17, the 2019 Global Blockchain (Hangzhou) Summit Forum will be held in Hangzhou. It is confirmed that the number of guests present has exceeded 30, and the agenda covers technology, investment and trends. Technology Open Day, blockchain friends, summit forums and other super-rich activities, waiting for you to join. During the May 1st Golden Week, the mind is not on holiday. 50% off ticket purchase activity, hot in progress, click to buy tickets: http : t.cn/EJSwdEj