April 25 madman market analysis: from ICO to IEO, from big rise to bubble burst

April 25 madman market analysis: from ICO to IEO, from big rise to bubble burst

Market analysis
Bitcoin:

Bitcoin is still running above the 5-day line. From the perspective of the bulls' strength, there is obviously no sign of counterattack. Therefore, the rebound after the callback on the 5-day line is a weak rebound. The probability of the position directly reversing the new high has become smaller and smaller. Judging from today's slumping situation, the shorts have no direct motives. Therefore, the two days may be at 5300-5400, and they will continue to fall. In short, even if there is a small rebound, it is not a chance to bottom out. Already started, only temporarily reduce the position, not blindly increase the position.

ETH:

Followed by the pie, the short-term will also fluctuate in the support position, but after the shock, continue to decline.

XRP:

Continue to be weak, but from the perspective of today's decline, the short-term should be supported, the market rebounded slightly, and the pressure was on the 5th line.

LTC:

The rebound is weak, and there is still room for decline after the shock.

ETC:

Yesterday's resilience, today took the lead in rebounding, the rebound is OK, it is a strong currency in the mainstream, but every time ETC rises in a weak market, the market is not very optimistic, so it is still risk-based.

EOS:

Continue to lead the decline, the continued decline of the old leader indicates that the market will continue to be weak.

HT:

2.2 strong support, can not hold the current round of the market is over.

ADA:

Bottom rebound, the amount can be amplified again, indicating that the ADA's long position has not given up, but do not easily bottom out before reaching the 5-day line, the downward trend has not changed.

Today, the overall market wait-and-see mood is strong. No matter whether it is the mainstream currency or the small currency of platform currency, there is no profit-making effect. After the market crash, there is no effective fund replenishment in the market, indicating that the overall risk in the future is still large, and the trend is not optimistic. In the context of the continued accelerated issuance of IEOs, we should continue to maintain awe in the market, and positions should continue to be controlled at low positions, waiting for the market to give us a chance to rebound.

Author: digital currency trend madman
 
Pay attention to the analysis of digital currency price market, please go to bitcoin86 market analysis section, official website address: http://www.bitcoin86.com/hq/
 
Disclaimer: This article market analysis is for reference only and does not constitute any investment advice or advice. Risk control, thank you.

We will continue to update Blocking; if you have any questions or suggestions, please contact us!

Share:

Was this article helpful?

93 out of 132 found this helpful

Discover more

Blockchain

Data: Bitcoin network activity is strengthened again, investors may start buying before halving

When the price of Bitcoin fell sharply four weeks ago (3 · 12), as investors started hoarding coins and turning ...

Blockchain

Bitcoin market is like a roller coaster! The day fell by 14% and fell below $11,000.

Bitstamp data shows that Bitcoin has fallen back below $11,000, with a minimum of $1080.37, which is currently down $...

Blockchain

Is the Fed a resolution for Bitcoin?

The Federal Reserve announced the interest rate decision, announced a 25 basis point rate cut, and the interest rate ...

Blockchain

Analyst: The probability of breaking $20,000 at the end of Bitcoin is 7%, and $10,000 is becoming the new bottom.

With the recent weakening of the market value of the highest cryptocurrency bitcoin market, some analysts said that t...

Blockchain

Gospel for institutional investors, SEC approves first Bitcoin futures investment fund

A new Bitcoin futures fund managed by Stone Ridge, a $ 15 billion asset management company, has been approved by the ...

Market

May 22 madman market analysis: BSV rose 300%, Ownen Cong is Nakamoto Satoshi?

Market analysis Bitcoin: Bitcoin oscillated around 8000 for three consecutive days, which went out of symmetry with t...