April 27th market analysis: Bitcoin short-term long and short watershed in the 5340 area

[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.

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.

[market analysis]

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.

ETH

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.

LTC

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

May 1 ticket website banner

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

After the delisting of FTX, Binance entered the options market, why did it choose the "American option" that is different?

Binance has been very eye-catching recently, withdrawing its own FTX tokens and preparing to launch new businesses su...

News

Who can take the lead in breaking the exchange contract?

Mark Lamb, CEO of CoinFLEX, predicts that by the end of 2020, the derivatives market will reach 20 times the size of ...

Blockchain

The second phase of the fire coin Prime project led the disputed person to claim that two exchanges were “strong”

Huobi Prime's second phase project started with a long-awaited call, and was fixed as Newton Project. The inside...

News

Twitter featured: Mancoin network suspected of being stolen 100 million US dollars, the official claims to maintain

01 CoinDesk Media News Lightning Labs released its first desktop application on the Bitcoin blockchain. Lightning Lab...

News

Investment tips for the next bull market: In-depth analysis of the development status and trends of 15 cryptocurrency tracks

Following the regular industry cycle pattern, the bear market has passed halfway. The Ethereum upgrade has brought ab...

Blockchain

Hong Kong Stock Exchange with cross-border marriage: will enter digital asset trading within three years

On September 11, the Hong Kong Stock Exchange suddenly announced that it intends to issue a merger proposal to the Lo...