12.8 Analysis and strategies of mainstream currencies
Preface: Bitcoin and Ethereum exchange hands, Ether skyrocketed, and the altcoins will take off soon. If you need to ambush in advance, please consult
Market Review: Yesterday's market fluctuations were quite interesting. It rose slowly in the morning and began to plummet in the afternoon. It once broke through the previous low to around 42,800 and then quickly rebounded to the downward trend line marked yesterday. The market fell again, and the current currency price has returned to the ascending triangle again.
Market analysis: The daily line closed negative again, and the subsidiary indicators were bullish and running in a shrinking volume.
From the perspective of 1H, the price of the currency inserted downward to fill the blank area in front, and returned to the triangle area again, so it can be understood that the back and forth wash is to clear the leverage. But because the current price of the currency has reached the end of the triangle area, the market may have a direction.
BTC intraday advice: Pay attention to the one-hour downward channel and buy low and sell high (good profit and loss ratio)
The above analysis is for reference only and does not constitute investment advice.
