Daily market analysis[20210313] - The decentralized trading

#BTC

Bitcoin broke through a new high again today, reaching a maximum of 56555. It has been continuously rising for nearly a month, making Bitcoin rise from its lowest point of 28,800 to its current price within a short period of less than one month, nearly doubling Up. During this period, it also led to the enthusiasm of the currency circle as a whole.

From the current point of view, the overall atmosphere of the currency circle is showing a feverish stage. As for whether it will reach the top, no one is sure, but it is already at a high position from a technical perspective. The reason is that it has been rising in the past month. , The trading volume is shrinking, which means that not many people are trading in it. It is still recommended that small partners who have already made a profit can choose a part of the capital, and then use the remaining part of the capital to pursue subsequent profitability, so relatively speaking Relatively safe.

First of all, losing half of the profit has also made the affordability higher psychologically. Of course, I don’t agree with the term "end of the bull market", because the volume of the end of the bull market is actually very large, and its Volatility is very exaggerated, and there are often big ups and downs. Judging from the current situation, such a situation has not yet occurred, so it is also necessary for us to use the remaining funds to obtain subsequent profits that may continue to be produced. The reason why we recommend that some of the profits are pocketed is because of the current The trading volume of the market is not particularly large, indicating that everyone is in the wait-and-see stage; both those who have entered the market or those who have not entered are in the wait-and-see stage. Once a relatively large correction occurs at this time, it will cause Panic thrown by the wait-and-see people will cause a more exaggerated decline, so from these two perspectives, the best way at present is to keep a portion of it. The lower support area is 50000 and the upper no resistance area.

#ETH

Ether also showed a very strong uptrend today, finally breaking through the 2000 mark, and trading volume rose slightly. The current market is in an embarrassing place, and continues to face the threat of 4-hour level MACD single-stack divergence, so the risk cannot be ignored.
I always insist on using the 4-hour 90-period average buying line as the reference point for buying in the bull market. Therefore, the friends who follow our footsteps will have very high profits at hand, but we are also on the premise of such a high rise. Need to stay sane. The only shortcoming of the current market is that the trading volume is relatively low, so the risk is relatively high. Once the market has a callback, then those who hold the currency and wait and see will give priority to leaving the market, which will inevitably lead to a second time Stepping down will cause more damage, so we need to pay attention to the support area below that cannot be broken by a real hammer, that is, our 90 line cannot be broken by a real hammer. The lower support area is 1784, and the upper no resistance area.

#BCH

The market fluctuations of BCH in the past two days are not very large, and today there is a similar trend as before. The current K-line has a lot of burrs, and the upper and lower shadow lines have gradually become longer, indicating that the turnover rate is high. , This is a very bad phenomenon technically, because the turnover rate is high, indicating that the early profit-making people have chosen to sell here, and the newcomers still want to sell because of the overall market environment. Continue to enter the venue to pick up the plate, so they are likely to be trapped in a high place. It is not recommended that small partners buy BCH at one time, but should consider planning on their own, and then try to buy continuous small funds multiple times in a short-term fixed investment, so that the purpose is to reduce the purchase cost. BCH is a speculative currency, so the probability of it experiencing skyrocketing and falling is very large. The logic of our buying method is to choose to make a profit when it skyrockets, and to choose to buy in batches when it plummets to earn bands. funds.
For the small partners who have already bought and are profitable, the suggestion is to plan the method of buying BCH later, and it is very simple for small partners who have not entered the market to enter BCH, as mentioned before Try to make a plan for yourself, otherwise you will always be trapped in the whirlpool of panic caused by BCH skyrocketing and falling.

#DOT

Polkadot also broke a new high again today, reaching a maximum of 39.37. In this short three months, Polkadot has already increased by 600% and performed very well.

For Polkadot’s buying method, we have analyzed it yesterday and the day before. Generally speaking, we tried to buy according to a profit-loss ratio of 1:3. Therefore, according to this buying method, we will be buying in the next callback. Can be applied to. When Polkadot has a relatively large correction and then begins to rebound again, the support area below the previous low is the loss point, and the previous high take-profit point, as long as it can reach a range of 1:3, we can try to pull back and buy For those who want to buy Polkadot in the future, I suggest you try it. The lower support area is 25.5, and the upper no resistance area.