Bitcoin Ethereum

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How support and resistance are applied2. In a downtrend, resistance and support levels are gradually moved down...
04/22/2022

How support and resistance are applied

2. In a downtrend, resistance and support levels are gradually moved down. If the price rises back to the previous resistance level, it means that the resistance level has not moved down, suggesting that the downtrend may end. Even if the market does not turn to an upward trend, it will turn to a sideways trend; The momentum is starting to come. Similarly, if the price rebounds and falls back to the previous low level and cannot break down again, it means that the support level cannot gradually move down, suggesting that the decline may end, and then the market may turn to an uptrend or sideways trend.

How support and resistance are applied1. In an uptrend, the resistance and support levels are gradually moved u...
04/22/2022

How support and resistance are applied

1. In an uptrend, the resistance and support levels are gradually moved up. If the price falls back to the previous support level, it means that the support level has not moved upwards, suggesting that the uptrend may end. Even if the market does not turn into a downtrend, it will turn to a sideways trend; if the price falls below the support level, it will be more It reflects the beginning of a downtrend. In the same way, if the price rises to the previous high level after a correction and cannot break upwards, it means that the resistance level cannot be moved up gradually, suggesting that the upward trend may end, and then the market may turn into a downward trend or sideways trend.

The market of Ethereum was linked to Bitcoin as a whole yesterday. First, the highest position reached 3180 aft...
04/22/2022

The market of Ethereum was linked to Bitcoin as a whole yesterday. First, the highest position reached 3180 after the upward impact. After reaching the upper resistance position, the market began to fall. The general trend remains bullish and the process is slow, but we firmly believe that the ending is what we want. , today's operation still maintains the main low and more, supplemented by high altitude!

Ethereum operation suggestion: go long in the 2940-2960 range, go out target 3150, stop loss 2920

Bitcoin started to rise early yesterday morning, directly hitting the 43,000 line from 41,000. However, there i...
04/22/2022

Bitcoin started to rise early yesterday morning, directly hitting the 43,000 line from 41,000. However, there is still a line of resistance above 43,000. Then it retreated to the 39800 line and stopped. This rise and fall was quite a back and forth. After breaking the early rebound high point, it failed to continue the rise, but turned its head downward. Then the repeated market trend indicates that the short-term market uncertainty.
Bitcoin operation suggestion: go long in the range of 39700-40200, exit target 42000, stop loss 39300

According to a report released by research firm Insider Intelligence, the number of adults in the U.S. will inc...
04/21/2022

According to a report released by research firm Insider Intelligence, the number of adults in the U.S. will increase to 3.6 million by 2022 using cryptocurrencies to make purchases.

The value of cryptocurrencies as a means of payment will rise 70% this year. According to the firm’s chief analyst David Morris, volatility in cryptocurrencies is being moderated by the growth in stablecoin usage.

With the development of CBDC, people will pay more attention to cryptocurrencies as a means of payment. The company also predicts that the number of U.S. adults who are cryptocurrency users will increase to 33.7 million by the end of 2022. By 2023, the company expects that number to grow further to 37.2 million. These numbers are significantly lower than the U.S. previously claimed crypto ownership of 46 million in 2021.

Ethereum’s four-hour line sees the price of the currency in a suppressed state. The macd moving average is runn...
04/20/2022

Ethereum’s four-hour line sees the price of the currency in a suppressed state. The macd moving average is running above the zero line. Green energy live in high volumes. The recommended operation is mainly low and many.

Action suggestion: 3140-3120 to do more. Objective 3180. Stop loss 30 points

From the daily level of Bitcoin, there are 2 positive lines on the K line, and the three tracks of the BOLL tra...
04/20/2022

From the daily level of Bitcoin, there are 2 positive lines on the K line, and the three tracks of the BOLL track all start to turn heads, and the market is running in the middle and lower tracks of the BOLL; MACD is running below the 0 axis, showing signs of bonding, and energy columns It began to shrink and reduce; the KDJ indicator began to turn upward and diverged after the three lines converged, and it has entered the overbought area; the RSI indicator tends to be flat, and runs slightly downward. Overall, compared to last week, the indicators at the daily level have also begun to develop in a good direction. ​​

Operational suggestions: Bitcoin short-term 40800-41300 long, long single out 42000-42500;

The friends who have opened positions in the middle and long term continue to hold, and those who have not opened positions can open positions at this point, and the target point is still the same as before

When Bitcoin is a few hundred dollars, an individual buying a few hundred thousand dollars will cause a volatil...
04/20/2022

When Bitcoin is a few hundred dollars, an individual buying a few hundred thousand dollars will cause a volatility. When Bitcoin is in the tens of thousands of dollars, a small country buying a few hundred million dollars will cause a similar percentage fluctuation. It is conceivable that when Bitcoin is in the millions of dollars, a central bank just buys tens of billions of dollars, but it will only cause fluctuations of a similar magnitude. The day-to-day individual or corporate transactions are less likely to cause much volatility.

If U.S. dollar assets collapse, the Federal Reserve can save the market by issuing more U.S. dollars. But if the dollar crumbles, it's not something the Fed can save.

Essentially, the U.S. dollar without its gold anchor is a complete war currency.

And bitcoin is the currency of peace.

In fact, why does Bitcoin necessarily appreciate relative to fiat currency in the long run as long as it exists...
04/20/2022

In fact, why does Bitcoin necessarily appreciate relative to fiat currency in the long run as long as it exists? The reason is that fiat currency will inevitably continue to inflate due to internal reasons, while bitcoin is issued in a limited manner, with infinite over-issuance versus limited issuance, and the latter will inevitably increase in value.

Third, Bitcoin is now in the process of evolving from assets to money. Back in 2013, when Bitcoin was still in the speculative phase. Now, Bitcoin is in the investment phase. Still far from mature to the stage of medium of exchange and pricing unit. In the early stages of monetization, its price instability is a must. When Bitcoin is very mature and has become a daily currency, then its price will naturally stabilize.

So why isn't Bitcoin afraid of deflation?First, deflation no longer refers to a decrease in the quantity of mon...
04/20/2022

So why isn't Bitcoin afraid of deflation?

First, deflation no longer refers to a decrease in the quantity of money, as the term originally meant, but instead refers to a fall in price relative to that currency.

Second, why is modern fiat currency afraid of deflation, but not bitcoin. Because the modern fiat currency is off the gold standard and backed by debt. Deflation causes debt to collapse, so it is impossible to allow deflation to occur. Bitcoin is a physical currency similar to gold. It has no debt itself, and it is not afraid of the black hole of debt.

On April 20, Fed Evans said: Support the Fed to raise interest rates by 225 basis points this year, and there i...
04/20/2022

On April 20, Fed Evans said: Support the Fed to raise interest rates by 225 basis points this year, and there is no need for the Fed to raise interest rates by more than 50 basis points. Two 50bps hikes make sense to help achieve this, comfortable with the path of rate hikes this year, including two 50bps hikes, which are expected to rise to 2.25%-2.5% by the end of the year A judgement on whether inflationary pressures are easing will not be made until the end of this year.

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