24/10/19BTC price rises to 69,000, will the rising flag break? The key support moves up to 67,600

In the early morning, the price rose again to 69,000, which is 1,000 points away from the 70,000 we mentioned. This wave also took more than 8,000 points. What we are doing is the trend of large-band market. If you care about the ultra-short-term pattern of dozens or hundreds of points, our analysis will not be of much use to you.

I have communicated with several friends who have been in asset management for several years. Before there is a big trend, they can only do stage fluctuations and make relatively considerable profits to be responsible to investors. The rest of the time, they basically travel around the country. This is the real transaction instead of being led by the market.

BTC·D accounts for 58.91% of the total market value. Ethereum has been grinding near the downward trend line in the short term. The ETH/BTC exchange rate is precarious. Weak altcoins should still be paid special attention and look forward to a rebound.

Flatbread

The most frequently asked question is whether the daily line has broken through? From the K-line, the daily rising flag has broken through but has not stabilized. In addition, we have arranged to open positions at 60,600 and increase positions near 62,000. We need to consider when to stop profit, rather than entering the market.

The 3-day line went into aerial refueling, and the weekly MACD turned red and the fast and slow lines crossed. If the closing pattern this week can be continued in the fourth quarter, the daily upward momentum has weakened, which is also a response to the previous pressure of 67,000-70,400.

The 4-hour and 1-hour rising channels are still maintained. In the short term, we will continue to see volatile upward movements and there are signs of divergence from the support mentioned yesterday, which will move up to 67,600.

support:

pressure:

ether

There is not much change in the short term, and it still maintains oscillation. The highest rebound to 2675 is still below the 2688 pin. The 4-hour MACD has been below the zero axis since the pin at 2688.

We also need to pay attention to the opportunity for Ethereum to make up for the rise. We have said before that the order is generally BTC-ETH-rebound, strong altcoin make up for the rise B-MEME local dog-slump. The ETH/BTC exchange rate is precarious and is approaching the breakthrough of the 2019-2020 head and shoulders bottom. If it continues to fall, a rebound cannot be ruled out, it depends on the height of the rebound.

support:

pressure:

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