BTC is in urgent need of kinetic energy support, and mainstream currency shock consolidation has downside risks

in #cryptocurrency5 years ago

In the evening, the BTC trend touched the hour and the Bollinger Band formed a rebound. The current trend is moving towards Bollinger. After the trend is stabilized in the 9600 area in the short term, it will continue to extend its upward posture toward the hourly Bollinger with a breakthrough on the upper rail, and will test the 9700 again. The outbreak posture will also be further formed.

In the four-hour chart of BTC, the current trend is adjusted near the middle of the Bollinger Band. There are signs of being suppressed, and the trend is built into a stalemate. If the stage continues to be blocked in the middle of the Bollinger Band, the subsequent pressure will move downwards. It may be adjusted downwards, which will trigger the breakpoint callback trend; MA5 is located at 9580, MA10 is at 9560, and MA5 is wearing a gold fork on MA5. The bullish market has deepened its sentiment and the amount of energy has been strengthened. The trend has further formed a breakthrough posture. MACD continues the golden fork shape upwards, STOCH maintains an upward attitude, RSI also points to the upward direction, the current trend will continue the upward trend, further break through the resistance and then the kinetic energy will form a test to the high position, then after the trend breaks through the resistance of 9600, it can be further seen to 9750. -9780 position, the Bollinger Band is in a closed position. After the upside is blocked, you can follow the high position at the high position and look back at the 9600 area.
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The short-term trend of ETH has formed a turbulent sideways posture. The strength of the disk is lacking, but the market bullish sentiment is not short-term improvement. It is expected to form a rising posture. If the short-term resistance cannot be broken 170, then it will step back 166. Forming a rebound and rising trend, after the breakthrough, there will be a chance to go to the 174-175 position. In the short-term, the callback will be followed by more follow-up. The overall rhythm is still a trend of short-selling, and the follow-up to the high position can be kept tight.

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BTH maintained its suppressed posture and rebounded slightly towards 280 in the evening. However, it lacked of upward capacity. It encountered short pressure before it effectively touched 280. It went further to the lower lows to adjust. Although the current trend stopped at 275, the pressure was still not relieved, and the whole situation was still empty. Posture, the follow-up trend is likely to go around 270 to adjust, if we can stand firm, then the short-term downward risk relief, trend into, will give the opportunity to rebound, can follow the trend to the highest position.

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Mainstream currencies are basically a posture of adjustment, and the cakes are presently suppressed. If they cannot break through at present, they will probably step back on 9500 to gain support resistance to complete the rebound. Once the follow-up trend can break the current high point, the upward posture will probably continue, and then they will continue to adjust towards 10000. The body trend continues to maintain the short rhythm, touching the low point can follow up to the high profit exit, grasp the effective profit rhythm, and safely enter the income stage. Friends who fail to grasp the rhythm can pay attention to Chen Chuchuchu's timely earnings and not get lost.

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