From the perspective of news: If the transition between the bull market and the bear market is the result of "capital" hype, how much can you interpret, and how much can you grasp?
From a technical point of view: If the transition between bottoming and peaking is the result of news, how much can you accurately predict and capture?
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.
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.
Looking back on the experience of the past few days in March, I have always been bullish and bullish. Although there were some mistakes in the middle, the overall profit is still worthy of thanks. I said before that Bitcoin will restart the bull market. I was scolded for nothing, and all kinds of pressure blocked my heart. . At the beginning of March, I said: "Bitcoin's medium and long-term target profit is 5,000 points, Ethereum 200 points, Wright 100 points, Monero 100 points, as long as you dare to believe, any time is an opportunity. Today, most currencies This kind of goal has been achieved, thanks to those friends who trust Mr. Tan and keep up with the rhythm. Yesterday, Bitcoin offered 49500/50350 in the firm offer, and the orders of Ethereum 1680/1720 reached the target as scheduled, and the four orders were perfect If you turn over your position, you will make money if you keep up.
Bitcoin (BTC): First, persistent shocks, there must be a break, and today's Asian market broke as scheduled. Second, the habitual pulling of offers in the early morning is always expected. In terms of news, the entire currency circle is still digesting the implementation of the US $1.9 trillion economic stimulus plan, and Chinese and foreign institutions continue to pour in to hoard coins to boost market confidence. On the technical side, the daily line continued to rise after Si Lianyang, especially after standing firmly above the 50,000 US dollar mark on the BOLL middle track, the bulls showed a ladder-like rise. Two short-term rises made the price of the currency directly break through the 52,000/53,000 USD mark, reaching a maximum of 53,874.1 USD. The bulls are still strong in the short-term trend of breaking positions. In the short-term contracts, there can be more wet positions, and the callback will continue to make up more. Below, pay attention to the two moving averages supporting MA5/MA10 at 52,600 and 52,000 US dollars respectively. Refer to the resistance at the $54,000/55,000 mark. Friends who hold empty orders in their hands must be cautious, the more the market rises, the more dangerous your set orders will be. 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: 54000/55000 Short-term lower support level: 52600/52000
Ethereum (ETH): The bulls of Ethereum are out of the sky. Last week, they said that "the current low level is the low level you dream of." Today, it seems that it is really difficult to pull back to the $1,500 mark. The daily line has risen three times in a row, showing the "three red soldiers" pattern, and the bulls have built a bottom and rebounded to point to the high $2,000 mark again. In the short term, it shows the same trend as Bitcoin, and there is no callback in the Asian market stage. This kind of market can only support the bold and starve the timid. Ethereum hit the highest line of $1,857.4. At the top, we can pay attention to the resistance of $1,900, and at the bottom, we can focus on the support of $1,790. The transaction should be kept low and long. The best way to trade in the breakout market is to build positions in batches and take profits out in batches. If there is a pullback, you can decide whether to stay in the long-term or not according to the size of the funds, but the positions must be well controlled.
Short-term upper resistance level: 1880/1900 Short-term lower support level: 1790/1750
(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)
