Every time when the teacher writes about the technical form, many friends may ignore it, thinking that the technical form (candle chart) is just for viewing. In fact, it is not the case. People who really study technology start from basic theory combined with actual combat. The most common technical forms are red three soldiers, empty square guns, dark clouds peaking, evening stars, etc. These forms are just the tip of the iceberg, but they need to be combined with some other moving averages and indicators for reference to have substantial influence (BOLL, MA moving average, CCI, etc.). Today, Mr. Tan will focus on explaining the "hammer line", which belongs to the bottom reversal pattern. Before the hammer line, there must be a downward trend (even if it is a small-scale downward trend), so that the hammer line can reverse this trend (the hammer line on February 28, taking Bitcoin and Ethereum as examples, this point explained in the previous article). So this is why Mr. Tan said in the early stage that he had to wait until March to start the layout of the medium and long-term.
News: In addition to the boost of many positive factors in 2020, the most important factor this year is "inflation". This factor is undoubtedly a positive factor for the currency circle. Of course, when countries face inflation Some economic policies will also be adopted for regulation and control, so I won’t do too much dissecting on this subject. Secondly, Mr. Tan has been referring to the US $1.9 trillion economic stimulus plan, which has been passed in the Senate meeting on Saturday. This is also the fuse for the rise of Bitcoin this time. Sexual hoarding of coins, even China’s Meitu bought Bitcoin and Ethereum for 260 million yuan, there was Tesla before, this time there is Meitu, do you understand what this means? Currency circle analyst Tan Yu Kai believes that the rise of Bitcoin in the short term may be a speculative response to the stimulus plan, but Bitcoin has been rising recently, and its rise has accelerated during the COVID-19 pandemic, which may usher in another round of new investment Influx.
Bitcoin (BTC): The daily line has five consecutive positives, and the bulls are rising steadily. Each day’s high is the next day’s low. This kind of market trend is a bit like the bull market in January and February. The BOLL is in an open state, and the moving average MA5/MA10 crosses the golden cross at 51,000 and 49,500 US dollars to provide support, while the upper part focuses on the resistance of the 55,000 US dollar barrier. The short-cycle KDJ technical indicators are moderately upward, and the downward momentum of MACD in the attached figure is shrinking. It is expected that Bitcoin will maintain a volatile upward trend. In the short term, Bitcoin is in a state of stagflation and there are signs of a callback. The bottom is concerned about the $53,000 support. Once it breaks, it will continue to fluctuate and adjust downward, but the adjustment will not be too large. Once the adjustment is completed, there will be a second The second pull up, the focus below is on last week's low of $52,600 support. To sum up: the Asian market continues to rise, and the European market is in the adjustment stage. It is currently trading sideways at $54,000. If there is a pullback before the U.S. market, we will first look at the fall and go long. If it is stable, then the U.S. market will continue to chase more. If you are uncertain about the interpretation of technical market and news, or you have a set list, you can discuss it with Mr. Tan. Subscribe to the official account; Currency Circle Retail Alliance.
Short-term upper resistance level: 55000/56000 Short-term lower support level: 53000/52600
Ethereum (ETH): The daily Sanlian Yang bulls directly broke through the three major barriers of 1600, 1700, and 1800 US dollars. The overall trend is running in the upward channel. The lower moving average MA5/MA10 crosses the golden cross at 1724 and 1610 US dollars respectively Give support, while the top will focus on the pressure around $1,880. The short-cycle KDJ technical indicators are running moderately, and the upward movement of MACD in the attached picture can increase volume. It is expected that Ethereum will maintain a volatile upward trend. In the short term, the trend of Ethereum and Bitcoin is the same, but in terms of technical form, Ethereum is showing signs of correction. Focus on the support of 1,800 US dollars. If it breaks down, continue to look down. In the short term, you can pay attention to the trend of Bitcoin. In terms of trading, the teacher’s suggestion is to fall back do more. Friends who hold empty orders, if you are in a deep trap, you must control your risks, because there are not many opportunities left for you to solve the trap, and this wave of bulls is bound to cut off a batch of short leeks, so Risk always comes first.
The investment market is changing rapidly, and you may suddenly discover an unacceptable fact in a blink of an eye. You have been set up, and in severe cases, your position has been liquidated. Many friends may ask, why does it suddenly fall when the market is bullish? ? It doesn't make sense at all. The author remembered a sentence that often hangs on my lips in life. This may be the charm of the market. There are no surprises, and there are no surprises. In Tan Yu Kai's opinion, it is definitely not a good experience for friends who have been quilted. It is probably only frightening. After all, quilts are hard money. It is actually very simple to solve the problem, but the most important thing is to change the method of making orders. I have never seen a steady profit when operating against the trend. Most of them are just one or two orders. Operating habits. I hope you will reflect on these bad habits a lot, and you need to wait patiently for the market to unravel.
The investment market is changing rapidly, and you may suddenly discover an unacceptable fact in a blink of an eye. You have been set up, and in severe cases, your position has been liquidated. Many friends may ask, why does it suddenly fall when the market is bullish? ? It doesn't make sense at all. The author remembered a sentence that often hangs on my lips in life. This may be the charm of the market. There are no surprises, and there are no surprises. In Tan Yu Kai's opinion, it is definitely not a good experience for friends who have been quilted. It is probably only frightening. After all, quilts are hard money. It is actually very simple to solve the problem, but the most important thing is to change the method of making orders. I have never seen a steady profit when operating against the trend. Most of them are just one or two orders. Operating habits. I hope you will reflect on these bad habits a lot, and you need to wait patiently for the market to unravel.
(Text/Talk about Yu Kai)
This article comes from the author Tan Yu Kai, please indicate the source when reprinting, please respect personal opinions, and do not plagiarize. The intraday market is changeable, and the article is time-sensitive and lagging. No express or implied guarantee is provided for the accuracy, reliability or completeness of the contained content.
(Text/Talk about Yu Kai)
