Last night, the United States hearing was over. The whole process did not go too far. However, the currency's price was falling. Therefore, the current round of decline was not actually caused by news, but was a real market behavior. In yesterday’s meeting, more was mentioned about how to regulate. The main theme was tolerant and respect for digital currencies. The boycott of all countries gradually shifted to the joint supervision of all countries. This is a digital currency that wants to stand on the table and wants to be legalized. The first step is to take this solid step. For the entire currency circle, it can be said to be a long-term benefit. Then why did the currency price fall? The simple truth is that large funds are withdrawn at high levels, leaving behind a flock of retail investors. So when you break below the 120-day line, the madman can tell you that the bear market is so determined. This is one of the important reasons.
The madman has repeatedly stressed to everyone, do not leverage leverage, don’t borrow money for speculation, use spare cash to invest, don’t take up positions easily, perhaps only after this bloody loss occurs, many talents can realize the madman’s well-intentioned, many people. The affliction of being stuck in a big position is not a problem. In fact, a madman feels that it is not necessary to do so. Everyone wants to see the good side. If there is no such phoenix nirvana, then how can one know how to control the risk? The loss of this time will not be eaten again. There is hope.
Remember that sentence, speculation, first ensure that you survive.
Market analysis
After the concussion, there has been a continuous plunge, which has dropped from 10,000 to 7,000 in an instant, a drop of more than 20%. This rate of decline caused a panic in the group, which was accompanied by the cries of empty speech by some famous people. Cry for headaches. The panic seems to be on the verge.
At the same time, madman thinks that the rapid decline of Bitcoin yesterday has also started the trend of the current round of decline, so the 5-day tactics will once again become effective tactics. On every 5th-line, it should be mainly sold. Investors should continue to patiently wait for opportunities, do not rush to rebound, once set aside at the bottom of the bargain-hunting will greatly affect the confidence, so do not be too eager for quick success, the market went to this position, if you are still in a short position or wet storage, continue Keep, madman can be responsible to tell you that you have outperformed 90% of investors, and 70% of the probability to make big money this year.
XRP:
Just a wave of bounce is still relatively strong, because the daily line has fallen to the position of the Bitcoin 6000, the continued weakness led him directly to the previous low, there is a large number of copy the chassis in this strong support position, according to this judgment, If bitcoin goes back to 6000, there will be a strong copy of the chassis. The market outlook can also be based on the 5th line.
ETH:
Ethereum used the previous bottom support level to wear through the continuous sideways, and now the rebound strength is still normal, so it shows that the market is still weak, and the downward trend is temporarily unchanged.
LTC:
The fall of the current round of decline is relatively small compared to other currencies, and the level of strength is basically the same as that of bitcoin. Therefore, it is still worthwhile to look forward to the continued linkage of big cakes and the rebound in the market outlook.
BCH:
Also fell to the bitcoin 6000 position, did not win the big cake, but the overall trend is still linked, this is the result of no main support, this market is no one is willing to spend money to support, regardless of large households, this kind of market Only deadlock is the safest.
EOS:
Linkage rebounded and the overall downward trend has not changed.
At 315 tonight, I just watched the show from a certain channel. It seems that I didn't even mention the token. I don't know if the news is accurate. I will know it at night. In short, judging from the current rebound situation, I can read the amount of money. Not bad, perhaps under the same trend of the general trend, most currencies have rebounded to the 5th line to lighten up the opportunity.
Let's talk about it today. We'll see you tomorrow.