Daily market analysis[20210206] - The mainstream currency finally broke out, and the multi-currency "bottoming" was successfulsteemCreated with Sketch.

in CryptoDog3 years ago

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BTC

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Bitcoin continued to rebound, and the market finally rushed to the position of 37875 that we have repeated many times before, and from the current situation, the market can actually stand at the position of 37875, then it is already We have reached our entry criteria. The suggestion at this time is to set the lower support level at 37875. Trying to pull back is to buy. If the follow-up market once again drops below 37875, we still need to stop the loss in time and exit. The lower support area is 37875, and the upper no resistance area.

ETH

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Ether also broke through a new high again, reaching a maximum of 1764.48. During this process, the trading volume was average. It should be noted that the current Ether is facing the risk of a 4-hour MACD single-stack top divergence, so we need to be cautious. In the early stage, I have tried a callback that is a small partner who buys. The current profit is very impressive. Next, we only need to keep the market from falling below the support level, and then continue to hold.

Yesterday, I also recommended everyone to buy at the lower support level. The current return is still good. Next, we will still use 1475 as the lower support level. If the subsequent market continues to fall below here, we need to stop loss in time. Out of the field. The lower support area is 1475, and the upper no resistance area.

BCH

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BCH performed well. After the current market once again touched the 4-hour level 200-period average buying line, it finally started to increase in volume, and the trading volume was very large, and the rate of increase was relatively exaggerated. We are happy to see it.

At this time, we should also maintain the action that the market may bottom out. As mentioned before, if the market needs to reverse, then it must exceed the second highest, which is the position of 465, before we can continue to enter the market. . The current K-line has exceeded 465. We need to pay attention to the trend of the next K-line in time. If the next K-line can still stabilize at the position of 465, then we can try to buy low. Support area 465 below, no resistance area above.

DOT

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Polkadot still exerted its ability in sideways, and launched a high sideways shock. In the process, the volume fell again. This is actually good news, because the current high sideways shock lasted not very long. , Belongs to the initial stage, so in this stage, even if there will be a sharp decline, as long as it does not break below the support level, we are still acceptable. Small partners who have bought low in the early stage can continue to hold, and those who have not entered the market can try to buy low on the premise of the following support levels. The lower support area is 19.39 and the upper no resistance area.

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Assalam-o-Alaikum dear, i hope you will be fine and good. Really a valuable post which deserves quality content. You have done it well about collecting the analysis about the markets of BTC , BCH and DOT.

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