peter-l

peter-l

We look at the market, the previous analysis is still valid, lasted 4 weeks of killing, rebound time will not be less than a week. For the strength and space of the rebound, to reach the current price, has been achieved expectations, is a target, if reached more than $7,800, should be very satisfied, if you can reach $8,300, is really excellent performance. The...

peter-l

This week was the biggest faller since June 2019, with a weekly decline of 20 per cent, the second-biggest drop this year. The market value of the crypto market has been largely lost, with a market capitalisation of less than $190bn, half the peak of $360bn. The halving of the Bitcoin reward has not come, and our market value has been halved. the xbt price...

peter-l

Although the price of Bitcoin is still at $7,000, it's half the peak price six months ago, and if you think it's a bull adjustment, he shouldn't have fallen so much. So look back at my analysis in May, and maybe that's right. Different people have different interpretations of the bitcoin bull , and my standard is that a bull will come when a number of...

peter-l

After a sustained decline, Bitcoin here formed the first rebound opportunity, 4 hours macd formed a long trend, short-term look at this low once confirmed, there will be a strong rebound. But in the form of confirmation, there are about two movements, a, b, and the rebound target can be set at Fibonacci 0.5. A, break back: up to break the moving average pressure,...

peter-l

bch is the "fork" of btc, originally self-proclaimed "prince", for a long time we also think so. Because he has a powerful "bitmain" behind him, in a decentralized market, if someone owns a super mine machine, for other "miners", can only surrender. Bitmain is the producer of the mine machine, so everyone thinks they are the king of the market. But in October...

peter-l

I wrote several analytical articles today, because these two days of market volatility, many people have panic, so I think it is necessary to give some tips here. First of all, a lot of people attribute the decline to the news, I would like to say, you see today's negative policy, is it released today? I think these policies have always been there, so why wasn't...

peter-l

Market movements have their own rules, and they already cover everything in the chart. News, will not change the trend, can only accelerate, down on the way to negative nws, help the fall, but not the main cause of the fall. Yesterday," Canaan Inc.” On the NASDAQ listing, when the chairman clocked, the digital currency market fell, a bell that was a wake-up call...

peter-l Updated 

Bitcoin has seen a panicked decline, which many attribute to negative news. However, I have repeatedly stressed that the news does not change the trend, for the downward trend, negative news only accelerates the decline. I mean, even if there's no negative news, it's going to fall, but it's going to fall a little bit slower. At present, there is a 2-hour bottom...

peter-l

Yesterday we discussed whether there will be a phased rebound here, at present, there are real signs of a halt, and the mainstream currency rebound in the early morning situation is quite good. Just the trend of Bitcoin in general, at present look at here is possible to achieve a double bottom, complete a double bottom pattern, your 0.5 Fibonacci will also become...

peter-l

This wave of market I have previously described as "blunt knife cutting meat", we clearly see november 5, the four cycles experienced: down - shock - rebound - then fall, this is a very typical "continuous decline" trend. But in this trend, we can still find good opportunities. Look at the 1, 2, 3 in the figure, there is a rebound, the target bit is about 0.5...

peter-l

If you look at the weekly line, in fact the rebound in early November, and there is not a good preparation, technical adjustments are not in place. A lot of people like to "listen to the news", and I would say that "news" is only one of the incentives to affect the market, if the "good news" in the uptrend may accelerate the rise, but in the downward trend "good...

peter-l

The market still has no direction, so no effort to prejudge what point entry, I see is the right signal, break through ma18 again, otherwise wait for macd to form a long trend. Talking about some of the logic of trading today, which I've repeatedly stressed before, analysis and trading are two levels of things. A lot of people always say they want to make money,...

peter-l

After a decade of gold, the U.S. stock market will face another big bear market. If the DJI does not continue to rise in the next six months, then macd will produce a top divergence, which will be the 6th top divergence in the history of the DJI, in the previous five times, three times more than -20%, two times stagflation, so don't look down on the pressure of...

peter-l

I gave a round-up of the market last week, and I think the market is in a relatively clear split, and at the moment it's still going to be a split. Portfolio chart: the upper left is the market value chart excluding Bitcoin, we see still maintain a volatile trend, indicating that the altcoin speculation is still ongoing, this is the main line of the original...

peter-l

Xbt's daily line, has been down along ma6, although we see constant resistance, but does not mean that here will not accelerate the decline, I see too much empiricism brought about by the disaster, so here can not be taken seriously. I see a lot of people analyzing that $8300-8600 should be the bottom. I don't want to judge the right and wrong of these people's...

peter-l

The current trend should be said to be a very complex stage, any small error, can lead to the overall passive, especially spot traders. I've always stuck to the standard of trading on the right side, because in a highly speculative market, safety is always a priority. Why do you have to follow the right-hand side? If you look back at the last three weeks, you...

peter-l

As for eth, it is considered by many to be the most likely CFTC approved digital commodity besides bitcoin, and some people have even started applying for eth's ETF. But such judgment, to the trade of secondary market, still appear more ambiguous. If you want to be a medium to long term investor, I suggest you look at weekly trends. At present, weekly macd in a...

peter-l

Recently because of China issued the "block chain" the New Deal, let the market as the excitement, many people began to look forward to the future, remember in October 2018, many famous analysts claim that bitcoins will reach $20000, at the end of the year to reach $100000 in 2019 years, but times have changed, in February 2019, to $3300, the purchase of a $8000...