BTC, ETH continues to rise, how to look at the market outlook and profit grasp

BTC, ETH continues to rise, how to look at the market outlook and profit grasp

Bitcoin analysis: Bitcoin's $10,000 price is a major psychological barrier for the encrypted digital asset market. After reaching above $10,000, the long-term trend of digital assets is still optimistic, but there must be a shockback in this process. However, the probability of a sharp rise in the second half of 2017 is relatively small. Because more and more institutional investors in this market are now entering the market, rather than being a market dominated by a group of global investment investors.

After the bitcoin surged in the early stage, the strength of the callback was limited. It has not been able to break the trend of the uptrend channel. It is also expected to re-break the high position today. For the current trend, the author once again stressed that there is no obvious Before the callback signal, the operation is mostly single.

On the daily chart, it has been closed for 7 consecutive trading days, showing a long position, and the bulls are very strong. The other resistance high above is around $12,500. The averages are well-arranged. On the chart, MACD is kept on the hourly chart. The Bollinger Band opens again and opens upwards. Here, the author should emphasize that the price is not effectively broken under the Brink every time the callback is adjusted. At the same time, the figure indicators are quickly repaired, indicating that the overall trend is still rising. Support concerns around 11,830, $11,950. The callback support is still more than one line. The overall profit of yesterday is about 300 points. In response to such a trend, it is necessary to grasp the trend ahead of time and clearly define the range of entry points in order to grasp the profit and control the risk.

Ethereum analysis: Although there was a breakthrough in the early stage of ETH, there was no rapid increase in bitcoin, and it was once again high in the day. The long position on the daily chart continued. The top concerned was near 325 US dollars, followed by the 350 US dollar line. On the hourly chart, the Bollinger band was not fully pulled. There is still some resistance at the top, which is one of the reasons why Ethereum’s recent highs are slow, but the overall situation is still easy to go, and the multiple orders given yesterday are also fixed profit ranges. The callback is mostly dominated, and below is the 315-310 first-line support.

Summary: For the mainstream currency, the bullish tone remains unchanged. Once the market moves up, many people will be overwhelmed and will be in a state of callback, and they are worried about whether they have ended the bull market. In view of this state, the author believes that it is still trending. The analysis is not clear enough. Bitcoin basically enters into June and thinks that every callback has not broken the hourly support of Bulin under the track support. On the contrary, every day, strong support rebounds and breaks new heights. Therefore, it is recommended that everyone can use this as a callback. The boundary is at the top for the warehouse but the positions are opened in batches. (Fire Coin Information)

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

Market

In 2019, the cottage currency frequently moves, and the value of more than 20 currencies doubles.

So far, the first quarter of 2019 is nearing completion. During this time, the most eye-catching thing is the altcoin...

Bitcoin

Bitcoin Dominance Soars to 54%: Bulls Take Charge!

Fashionista Alert Bitcoin (BTC) Market Dominance Reaches 54%, Highest in Over 2 Years!

Blockchain

Why did the Sino-US trade war have a stock market crash and bitcoin strengthened?

In the past two days, the trade war has been escalating. The US President Trump’s behavior is very confusing. ...

Blockchain

Headless Brands: From Corporate Management to the Community-Driven Brand Era, Taking Bitcoin as an Example

Author: DAO translators to develop group Source: Fat Garage Editor's Note: The original title was "Headless...

Market

The trend of automation is getting more and more obvious, can bitcoin over-the-counter trading be more powerful?

“Hello, can you help me look at the real bid of 100 bitcoins?” A seller asked on Skype. "Slightly ...

Blockchain

The other side of the three strikes of the Argentine bond: the government step by step to push the people from the peso to Bitcoin

On August 12, the Argentine peso fell to 30% against the US dollar, setting a record low. In addition, the same day, ...