Daily market analysis[20210317] - Mainstream currencies show a fluctuating trend, and altcoins are risingsteemCreated with Sketch.

in CryptoDog4 years ago

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BTC

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Bitcoin has rebounded slightly, and the rebound is not very strong, but the fundamentals have not been destroyed, and it is still a long-term bullish situation. This does not have a particularly big impact on our long-term partners. Since Bitcoin fell below the previous high again in the first two days, it has had some impact on the future. The current trading volume is not a lot, but because the 89 line is still above the 200 line and showing a wedge-shaped upward rise, then we still have reason to believe that Bitcoin is still in the rising phase, and we recommend that you try to buy low. The small partners who have entered the market, the current profit is not a lot, but as long as we follow our standards, if the follow-up market weakens but there is no real hammer below the 89 line, we will continue to hold, if we still want to enter Friends of the market, then our standard remains unchanged. It is recommended to continue to wait for the market to pull back to around 55200 to buy low, and use the 89 line as the lower support area, so that we can always keep our profit-loss ratio above 1:3. Even if there is an actual loss, as long as we choose the right one time, the profit will fully recover the cost. The lower support area is 53635, and the upper no resistance area.

ETH

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Although the Ether market rebounded after it fell to the 200 line yesterday and was supported, the magnitude of the rebound was not very strong, and it is currently in a turbulent phase, during which there was less trading volume. The good news is that the current 89 line has crossed the 200 line, and it is expected that if the market continues to oscillate, then the 89 line will cross the 200 line in a short period of time, so that the ether will enter the upward trend again, and it will reach The purpose of our early purchase.

Previously, it was supported by the 200 line. It is recommended that you try to enter the market. Although the current profit of the small partners who have entered the market is not very high, as long as we continue to hold, and as long as the market is falsely hammered below the 200 line, we will You can wait for the follow-up market development without leaving the market for the time being.
The current market is still close to the 200 line. It is recommended that those who have not entered the market can continue to use the 200 line as the support level to try to establish their first position. Even if the subsequent market weakens and the market drops below the 200 line, we will stop. The magnitude of the loss is not very large, but if the follow-up market bottoms out here, then our foreseeable profit will be more than our stop loss, so it is more cost-effective to buy. The lower support area 1723, the upper no resistance area.

DOT

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Polkadot continued to pull back yesterday, and it has actually fallen below the 89 line. It is currently supported by the 200 line and then rebounded. It is now close to the 89 line. For Polkadot, it has been emphasized that the 89 line no longer has a reference. Significance, we still need to take the next high as the standard, as long as the market does not have a firm foothold, the next high is always not recommended to enter the market. It is better to keep the off-site attention. The lower support area is 29.68 and the upper resistance area is 38.67.

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