With Bitcoin oscillating upward, can it rise again in the future?

What’s new in the currency circle

Highlights of July 4th:

1. The Covid-19 vaccine paid by BTC appears on the dark web.

2. Data: The supply of Bitcoin held by crypto whales has risen sharply. 

3. The decline of Bitcoin’s computing power and mining difficulty will not last forever.

4. The Korean Financial Services Commission plans to complete the consultation on cryptocurrency exchanges this month. 

5. Hackers attacked more than 200 American companies and demanded Monero to pay the ransom.

Sister’s Message

In the currency circle, you must have heard of “hedging” operations, and you must know value investing. What I want to tell you today is that although hedging and value investing look good, they may not be suitable for you. Why do you say that? Let’s first look at hedging. It was originally a strategy to protect principal and profits in the reverse direction of the market outlook. Its function is not to make a profit, but to ensure that there is no loss, but many small partners lose even more after using hedging. too much. Looking at value investment, many people who believe in it are influenced by Buffett. Value investment needs to meet two conditions. One is a good target and the other is long-term holding. What about the so-called value investment of most of us? It’s just the helpless pretending to be dead after being covered. This method works in a bull market. Once a bear market is encountered, the principal may return to zero, because you are not holding a good target. Take a step back. Even if you take a good target, most people Nor can it be done for decades like Buffett did. I tell you this, the main reason is that if you are not professional, you should not use professional investment methods lightly. On the other hand, as long as your method is profitable, even if it is not professional, you should continue to use it. Okay, it’s not suitable for you, and it’s not recommended to use it no matter how beautiful it looks.

Today, the market waits for the price to stabilize and chooses to intervene. The high-altitude strategy is the main strategy.

Mainstream currency market BTC

With Bitcoin oscillating upward, can it rise again in the future?

Yesterday, Bitcoin continued to go out of the upward trend, hitting the highest level of 34970 in the early morning. When the downtrend is in a stage of shock and rest, but the bulls currently have the upper hand. From a technical point of view, the KDJ three-line contraction on the four-hour line has a golden cross upward trend. The MACD bull energy column continues to increase, the offensive line and the defensive line are still running in a trend of divergence, and the K line is hovering on the Bollinger rail. In combination, we can see that the idea of ​​keeping the high-altitude and low-density on the condition that Bitcoin does not appear to be broken in the day. The four-hour mid-track line (33800) can be used as the first support line, and the upper pressure level is 36,000.

Spot: We currently hold spot below 40,000, and continue to hold it in the long-term.

Interval recommendations:

 The price has broken through around 34900, and the target is around 35200-35500-35800-36000.

The price fell below 34700 and the target was near 34500-34200-34000-33500.

The upper and lower stop loss points can be set at around 200-300 points

ETH

With Bitcoin oscillating upward, can it rise again in the future?

Ethereum has been out of climbing as usual yesterday, with the highest impact reaching the 2239 line. However, there is still a certain amount of bulls that can not be fully out, so we need to wait patiently. On the four-hour line, several consecutive rounds of rising pillars rose, the KDJ third line continued to rise, and the MACD bulls continued to increase their volume. It can be clearly seen that the current bulls are relatively strong. The current K-line is at the upper Bollinger band. If the K-line stands above 2270, it will continue to rise in the future. If it fails to stabilize, it will also break below. Today’s thinking can continue to maintain the high-altitude low-multiple strategy. The lower support depends on the 2100 line, and the upper pressure depends on the 2400 line.

Spot: We are holding spot below 2000, and we will continue to hold it in the long term.

Interval recommendations:

The price has broken through the vicinity of 2280, and the target is around 2300-2330-2350-2400.

The price fell below 2270 and the target was near 2250-2220-2200-2150.

The upper and lower stop loss points can be set at around 15 o’clock

BCH

With Bitcoin oscillating upward, can it rise again in the future?

The prince’s trend yesterday was out of the ascending market as usual. The prince also lived up to expectations and hit the 514 line. When the downtrend came out of a slow and volatile upward trend, it has broken through the timeline of the Bollinger Band at line 514, and there is still a certain amount of bulls here. To be able to exist, friends need to wait patiently. From a technical point of view, the K-line on the four-hour line is wandering on the upper rail of the Bollinger Band, and a positive pillar directly pulls up strongly. The MACD is in the form of a golden cross. The bulls are still increasing their volume. At present, we need to pay attention to whether the current K-line can effectively stabilize the upper trajectory. If the current price is stabilized, the market will go out of the upward trend again, if it fails to stabilize, it will go out of the callback trend. Today’s thinking is mainly high-altitude, supplemented by low-bulk. The lower support temporarily looks at the 450 line, and the upper pressure looks at the 550 line unchanged.

Spot: We currently hold spot below 450, and we will continue to hold it in the long-term.

Interval recommendations:

The price breaks more near 515, and the target is near 530-550-570-600.

The price fell below 510 and the target was near 500-480-470-450.

The upper and lower stop loss points can be set at around 5-10 points

EOS

With Bitcoin oscillating upward, can it rise again in the future?

Today, the trend of grapefruit followed the broader market, and the highest impact was around US$4.07. When the downtrend fluctuated upwards and entered a short-term callback range, we need to beware of subsequent negative declines. From a technical point of view, on the four-hour line, KDJ went out of a high and flat trend, and there is a trend of falling and breaking. It is pointed out that this also needs further confirmation, and do not blindly pursue it. MACD is currently in a long arrangement. If the current price can effectively stabilize, it will rise upward, and if it fails to stabilize, it will once again go out of the downward trend. Today, we will continue to maintain high-altitude and low-volume as the main idea. For the time being, the lower support will look at the 3.5 dollar line, and the upper pressure will look at the 4.5 dollar line.

Spot: Buying at $3.50 will continue to be held for a long time and will enter the market again and wait for notification.

Interval recommendations:

The price has broken through around 4.1 and the target is around 4.2-4.3-4.5-4.6.

The price fell below 4 and was empty, currently looking around 3.9-3.8-3.6-3.4.

The above content is personal opinion, for reference only! The market conditions are changing rapidly, and the article has a certain lag, and the specific trend is based on the actual market!

Posted by:CoinYuppie,Reprinted with attribution to:https://coinyuppie.com/with-bitcoin-oscillating-upward-can-it-rise-again-in-the-future/
Coinyuppie is an open information publishing platform, all information provided is not related to the views and positions of coinyuppie, and does not constitute any investment and financial advice. Users are expected to carefully screen and prevent risks.

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