January 21 mad market analysis: Time is a good medicine to solve all problems

in bitcoin •  7 years ago 

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Taking into account the off-site waiting for admission is still a lot of people, we fell twice on the bottom of the intensity still need to go to observe the madman has always warned that the rebound is not the end, is not the end of the rebound, we must learn to wait for a real pass Consolidation of the bottom out.

The overall trend of bitcoin is likely to continue downward, so from a risk control point of view, continue to watch the show.

Today saw someone statistics such a data, give you a reference:

24 days before the Spring Festival 2014: bitcoin price collapse -23.13%
24 days before the Spring Festival 2015: bitcoin price collapse -32.35%
24 days before the Spring Festival 2016: bitcoin price collapse -24.19%
23 days before Spring Festival 2017: bitcoin price collapse -35.39%
23-24 days before the Spring Festival of 2018 (January 24, January 25): According to the average price of bitcoin crashes of 30%, the current 12,000 hit a 7 fold is about 8400, the madman may think it is reliable, so Keep waiting.

Ethereum:

Yesterday, it was the same as yesterday's picture. Yesterday, bitcoin and Ethereum said that they all rebounded immeasurably to the lower edge of the cabinet. The two giants have rebounded to a strong pressure zone and there is no turnover to break through. Then the adjustment will come Almost inevitable, many people say madman always use these old techniques to analyze the market, but the madman think these old skills are often the most accurate, because of which, if there are a lot of stuck in 13000 near the disk, How can you use a very small volume to break it, the principle is this: Everyone's psychological position, position costs are clearly here, then we have no reason not to believe and learn these simplest technology?
Visual Ethereal or bitcoin and the same trend, the pressure bit higher callback risk.

BCH:

This is the same as yesterday, just rebounded to the pressure bit fell, if you learn to lighten up in the pressure, this wave should also be able to eat a good steal chicken profit, the day before yesterday and the madman said, Short-term there will be a rebound, but must be to steal the chicken approach to fast forward fast, keep the rules are making money, disobedient is a roller coaster.
BCH overall trend is very weak, once again test the 1700 support will be a high probability event.

XAS:

Ashi community said yesterday that I gave 100000 like, let me analyze a year, I was decisively rejected, because I believe you can do, so do not destroy me.

February 2 Shanghai What a blockchain innovation contest, it is said that the project should be grafted to Ashi this chain, can be considered for the people of the blockchain technology to contribute, that is, the future Xi Gong chain may hatch hundreds of blockchain project, from this perspective, the recent strength of the currency can be explained clearly, has now out of the independent market pressure to break through, but based on the recent trend of Bitcoin is not Particularly optimistic about the situation, Ashi may still be the main range of shocks, because the financial strength is not enough to go out of their own market.

EOS:

Recently asked a lot of people, unified analysis for everyone, the recent speculation EOS is very popular, there are many investors rushed into the recent high EOS out of the ups and downs of the market, and the volume continues to enlarge, but no matter what , We can clearly see that EOS rebounded sharply when bitcoin rebounded. When the bitcoin fell, EOS dropped sharply, so the overall trend still depends on Big Brother's face, which is still quite optimistic for the development madmen behind EOS , But the current situation, it is not recommended to chase high operation, if there is a chance once again callback 10 line, you can consider jiacang, because the current round of rising EOS is up along the 10th line, so we have to change to observe Gains and losses on the 10th line.

From the trend of other currencies can be seen, not a copycat main willing to take the lead at this time independent market, the first is that many currencies rose too early, the funds have completed a round of cash, the second is because the main Than we look at the market more clearly, at present judgments for the general trend at least can not be considered stable, it will not go to the opposite trend, because the uptrend will cost tremendous cost, once smashed equivalent to the bulk lift chair. Based on the trend of the cottage we can also see from the sidelines, we are waiting for the choice of the direction of the market, if the main force temporarily do not want to participate in the market you have to come to the edge of licking blood, then the madman is also only good luck.image11.jpg

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Nice analysis. Thanks!

Coins mentioned in post:

CoinPrice (USD)📈 24h📉 7d
BCHBitcoin Cash1875.690$-0.84%-27.17%
BTCBitcoin12248.000$-3.18%-10.57%
EOSEOS14.468$4.7%0.46%
ETHEthereum1110.280$-1.09%-16.92%
XASAsch1.026$2.09%-22.54%