July 20,2020 mainstream currency analysis
An important adjustment today is to reduce spot holdings.The reason is not that they are not optimistic about the future market, but that the volatility of the market continues to continue, the variables of the market are increasing, and the most important way to reduce fear in the face of the unknown is to reduce input.
According to the above chart, the trend after 10,000 on the BTC, followed by the continuous release of short quantity, long-short game on the increasingly balanced, price fluctuations reduced, showing a triangular trend of volatility, the need for a news surface to trigger, finally break the multi-empty balance, out of the unilateral trend.
Today's video presentation focuses on Ethereum, mainly because the current number of participants in the ETH is more active and larger in the mainstream currency, this is the same reason pomelo has been the subject of research last year, only active users larger and more, the technical aspects of the extrapolation is more in line with the actual trend.
1. It is mainly divided into three levels of trend.Large level Figure 2, maintaining the uptrend; The purple line of the middle level Figure 1 forms an uptrend, mainly studying whether to continue the trend; The small level is the middle level of the pullback wave, forming a downtrend, and is currently in the process of repeating the trend.
2. This round belongs to the downtrend wave rebound, the key is in the 239.5 line, which is 0.618 position.Whether it can break the high again, there is still a small level around 241.6.
3. Successfully touching 250, or even above, the short-wave focus is on the breakthrough of 245, which is the key to whether the small-level downtrend can be sustained.
4、成交量空头量能释放 Later, the long one-shot, has not yet formed a second long shot consolidation state, variables still exist.
5,1 hour chart top deviation perfect end, out of the rebound, but always is not a large level, while the large level also does not exist multiple outbreak.
Comprehensive thinking, take spot reduction, according to the trend of the evening, there is a small fall, is a reasonable action, the remaining spot, temporary currency price has not appeared clear guidance, while the pie is still in the triangle shock, then according to the past idea of processing, the potential of grapefruit has the opportunity to break the high point since 312, patient holding coin, the cycle may be a little long, try to take the form of guerrilla position, small positions to do T to earn the difference, enter the spot warehouse holding and other plates are finally straightened out, after all, according to the current analysis: in the medium term, bulls are greater than bears.Of course, conservatives, wait-and-see and other directions are also reasonable choices.
The point in the article does not have trading conditions, only for exchange and sharing, currency market has risks, transactions need to be cautious.