In the past week, the market value of the digital money market has grown by about $3 billion, in a restorative rebound.
btc daily chart, after a series of declines after a strong rebound,macd formed a bottom divergence, but after 4 days are collected finishing the small yin line, small yang line.
Ma6 forms a support, ma18 is to suppress the currency rebound.
Currently belongs to the long market.
Weekly chart, continuous adjustment for 6 months, the market entered a bottoming stage, this week's receipt of the crossstar, macd decline also shows signs of easing.
So the bulls here to build a line of defense, the organization of counter-attack, should be able to get recognized.
The total market value of the digital currency fell back to may's position, but it did not reflect the overall market situation. Because many altcoin prices have fallen back to january's position.
In the long run, Bitcoin is a commodity recognized by the CFTC and is the most secure digital currency in the world, with formal institutions trading legitimate targets. So Bitcoin is a relatively safe trading commodity, and ailtcoin is at greater risk.
eos, a 3-day line chart, continuously forms a bottom divergence, but no certainty of the bottom formation, is a weak rebound. Now that the effects of technology are diminishing, it takes a sufficiently clear upward logic to get out of the weak pattern.
Summary: Bitcoin is the decisive target, and its market capitalisation in the digital currency market is more than 65%. The trend here is to see the direction of Bitcoin.
If you look only at the technical indicators, it is now a clear rebound trend, but on the fundamentals, Christmas to New Year is a traditional Western holiday, the market is in a state of no desire to trade. This can also be confirmed if you look at bitmex's position volume.
So it's very difficult for the market to get out of a decent rebound without enough traders involved.
Recommendation: No direction, you should reduce operations, keep waiting for a more clear trend. If you want to challenge up to $8,000, you need to break through the suppression of ma36, and for shorts, the macd bottom divergence can only stay on the sidelines until it disappears.
btc daily chart, after a series of declines after a strong rebound,macd formed a bottom divergence, but after 4 days are collected finishing the small yin line, small yang line.
Ma6 forms a support, ma18 is to suppress the currency rebound.
Currently belongs to the long market.
Weekly chart, continuous adjustment for 6 months, the market entered a bottoming stage, this week's receipt of the crossstar, macd decline also shows signs of easing.
So the bulls here to build a line of defense, the organization of counter-attack, should be able to get recognized.
The total market value of the digital currency fell back to may's position, but it did not reflect the overall market situation. Because many altcoin prices have fallen back to january's position.
In the long run, Bitcoin is a commodity recognized by the CFTC and is the most secure digital currency in the world, with formal institutions trading legitimate targets. So Bitcoin is a relatively safe trading commodity, and ailtcoin is at greater risk.
eos, a 3-day line chart, continuously forms a bottom divergence, but no certainty of the bottom formation, is a weak rebound. Now that the effects of technology are diminishing, it takes a sufficiently clear upward logic to get out of the weak pattern.
Summary: Bitcoin is the decisive target, and its market capitalisation in the digital currency market is more than 65%. The trend here is to see the direction of Bitcoin.
If you look only at the technical indicators, it is now a clear rebound trend, but on the fundamentals, Christmas to New Year is a traditional Western holiday, the market is in a state of no desire to trade. This can also be confirmed if you look at bitmex's position volume.
So it's very difficult for the market to get out of a decent rebound without enough traders involved.
Recommendation: No direction, you should reduce operations, keep waiting for a more clear trend. If you want to challenge up to $8,000, you need to break through the suppression of ma36, and for shorts, the macd bottom divergence can only stay on the sidelines until it disappears.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
30年的A股投资经历，水平虽然不高，但经验足够丰富。熊市避坑，牛市逃顶，对于新手可能有所帮助。
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
需要每日分析，请搜索微信号peter-tqbj，需要股市投资建议搜索星球{抱团取暖，迎接A股牛市}，或者星球号64802450
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.