BTC:
The downtrend remains intact as price fails to effectively move above $10,000. We can pick out some common features on daily chart:
Firstly, price rallies after a sharp decline and dips below MA 5 with expanding volumes later after a fake breakout above MA 5.
Secondly, price fails to form a double bottom formation in all blocks though it bounces after the first bottom.
Finally, range of dips after rallies is almost the same and prices are cut by nearly 50%.
They also have some different features, The strength of every rally after dips is weakening, besides, people daring to buy at the bottom price are becoming less and less. If there’s another cut by 50% in the future, I believe very few people will still have the courage to take the cheapest chips over.
BTC will continue oscillating within the block for a couple of days as price rallies with shrinking volumes on daily chart today, which lines up with our previous analysis. The only difference is that the range of oscillation has been narrowed, making it easy for us to draw a conclusion that bulls lack the momentum to move upwards, the possibility for price move above $10,000 will decrease and it’s more likely for BTC to resume the previous downtrend. If there’s another wave of sharp decline by more than 50%, I believe price will make it to the final bottom of current downtrend. By that time, huge panic chips will be dumped, belief in BTC will vanish and price will not attempt to initiate any rally.
Overall, price holds greater chances to continue going south after oscillation and is less likely to effectively remain above $10,000 and move upwards.
ETH:
The primary market is as cold as ice since there’re few people who still desire to invest on any projects, making me believe that chances are coming. Usually, those projects having finished the stage of raising money will be listed on exchanges when the overall sentiment turns bullish, making it natural to make money.
EOS:
Almost all coins, including EOS, are correlated to BTC in price action, if you are bearish about BTC in the short term, trend of those other coins will keep the same. Besides, if you take a close look at the head and shoulders formation and take my advice before, you will probably feel lucky for selling on surges.
Original by Kuang Ren, translated by AICoin Jami.
Disclaimer: The information contained herein is not guaranteed and is strictly for information purposes only. It does not constitute any trading proposal and will not be liable for any loss based on the information herein.
- 蜜度索驥：以跨模態(tài)檢索技術(shù)助力“企宣”向上生長
- 周星馳Web3.0團(tuán)隊(duì)：下個月上線獨(dú)立App，“星爺”以創(chuàng)作者身份亮相
- 時隔一年半，比特幣交易價格再次站上4萬美元
- 狗狗幣投資人指控馬斯克內(nèi)幕交易：賣力吆喝只為自己套現(xiàn)
- 報告：2022年加密貨幣非法交易犯罪金額超過200億美元
- Coinbase啟動第二輪大裁員 涉及950人
- 破產(chǎn)后的FTX又遇“糟心事”：10多億美元客戶資金不知去向
- 人民日報評論：數(shù)字藏品熱度退去？規(guī)范發(fā)展方能行穩(wěn)致遠(yuǎn)
- 以太坊完成合并：這對區(qū)塊鏈意味著什么？
- 馬斯克2580億美元狗狗幣訴訟規(guī)模擴(kuò)大 旗下多家公司成被告
- Forrester報告：Web3可能比現(xiàn)有網(wǎng)絡(luò)更容易遭受攻擊
免責(zé)聲明：本網(wǎng)站內(nèi)容主要來自原創(chuàng)、合作伙伴供稿和第三方自媒體作者投稿，凡在本網(wǎng)站出現(xiàn)的信息，均僅供參考。本網(wǎng)站將盡力確保所提供信息的準(zhǔn)確性及可靠性，但不保證有關(guān)資料的準(zhǔn)確性及可靠性，讀者在使用前請進(jìn)一步核實(shí)，并對任何自主決定的行為負(fù)責(zé)。本網(wǎng)站對有關(guān)資料所引致的錯誤、不確或遺漏，概不負(fù)任何法律責(zé)任。任何單位或個人認(rèn)為本網(wǎng)站中的網(wǎng)頁或鏈接內(nèi)容可能涉嫌侵犯其知識產(chǎn)權(quán)或存在不實(shí)內(nèi)容時，應(yīng)及時向本網(wǎng)站提出書面權(quán)利通知或不實(shí)情況說明，并提供身份證明、權(quán)屬證明及詳細(xì)侵權(quán)或不實(shí)情況證明。本網(wǎng)站在收到上述法律文件后，將會依法盡快聯(lián)系相關(guān)文章源頭核實(shí)，溝通刪除相關(guān)內(nèi)容或斷開相關(guān)鏈接。
