The 20-nation Summit on March 19 and 20 will discuss issues related to digital currencies. Countries have different opinions on digital currencies, but they have one thing in common: how to monitor them. Whether it is blockchain technology or the digital money market, which is the most troublesome for all countries, it is decentralized and anarchistic. Therefore, among the topics, both supporters and opponents, they will consider how to regulate digital currencies. As long as it can be controlled by various governments, many countries that may oppose it will become supportive. It can be described as a long-term positive for the currency circle.
On the other hand, in terms of current market conditions, investor sentiment is extremely fragile. As long as there is any sign of trouble at the G20 summit, it may trigger a drop in the price of the currency. In particular, after some tough regulatory consensus is reached, it will trigger a greater degree of Selling pressure, so this meeting should be forecasted as short-term bearish, long-term positive.
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Market Analysis
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BTC：
The recent turbulence range is between 7950-8350. If you select the upside, you must break through 8350 and re-stop on the 5th line to get out of the rally. If you choose to go down, the condition is to break below 7950, then the top of the hourly chart 3 is formed, and the reverse pullback of the bottom edge of the upper box is completed, and the goal of rebounding to the 5th daily line is completed.
For now, since the upward momentum is not strong, the downtrend of the overall market has not changed and the market is likely to extend to the G20 summit. To sum up, the madman thinks that falling below 7950 in the short-term and continuing to choose a shock and lower market is a high probability event.
ETH：
ETH is a benchmark for the primary market and secondary market, so as long as ETH does not rise, it shows that there is no profit-making effect. At present, it has already fallen below the strong support level near 690. The overall market outlook is still relatively pessimistic, so we can see that The market still does not have too strong a rebound in the short term.
ETC：
In the evening, there was a slight rebound in volume, and many people couldn't sit still. The group was all shouting at the bottom of the ETC. You, in this case, you can do 80% of the correct rate and go back and see it today. However, it is normal to fall back to the support level, do not forget, the overall currency price is also below the 5th line, not to mention he has to look at pie face.
BCH：
Most of the recent currency is still operating below the 5th line, the main reason for the rebound is the fall to the previous low support level, so short short-term intermittent period. Pictured:
The rebound is also not strong. The overall trend has not changed and continues downwards.
EOS：
Along the 5th line continued downward, the trend is weaker than a lot of cakes, and it is difficult to have a good market in the short term.
LTC：
Although fat Lee's selling LTC at a high level has caused madman to be unwilling for some time, he has been trying hard to develop himself after technical difficulties and fundamentals. The recent trend is relatively strong, and it is basically the same as pie. There are only a few strong currencies in the mainstream currency, so once the pie has fallen and is gradually stabilizing, there should be good investment opportunities.
ONT：
The recent trend is good. As it is a popular currency in the previous period, the market after the listing has been poor, there is no performance opportunities, the recent continuous rise in volume is the characteristics of the funds Baotuan heating, a number of hot money to discuss a good cut together, so no matter what I do not It is recommended that everyone should pursue higher levels. The ontology has issued a total of 1 billion tokens. Now that it has 11 yuan and 1 trillion, the market value of 11 billion will he support? Don't be boring to chase high speculators because it's easy for me to lose money.
Some coins also engage in what kind of burning mechanism, claiming to use a percent of profits to buy back their own tokens. I would like to ask, do you have any profits? Take out the financial statements to show us, or else this kind of repurchase is equivalent to a piece of paper, a wave of waves of rebound, a wave of waves of sets, relying on a strong routine, so investors, see When you're good, the trouble is a bit deeper. Think about it. You're not going to be cut so badly. If you're someone who cuts leeks, it's better to think if you're too greedy.