Ziying said currency: 10.25 Bitcoin market analysis, Bitcoin rose more than 20% in 13 days and hit a new high, should we start now?

   紫盈说币:10.25比特币行情分析,比特币13天涨超20%创下新高,现在该入手吗?

Never underestimate the power of the market, stay in awe and alertness! ——Hello everyone, I am Teacher Ziying!

ChanticoGlobal's CEO Gina Sanche warned that Bitcoin is extremely volatile and very affected by momentum, and that you must be careful when including this asset in your investment portfolio. It is still in a "barren land" where there is no regulation. Perhaps today a statement that can increase demand pushed up the price of the currency, which could make you lose money within a month. From a technical perspective, Bitcoin has now broken through the 10-day and 50-day moving averages, which is a bullish sign. Elie LeRest, a partner of quantitative trading company ExoAlpha, pointed out that the key for Bitcoin now is to hold $12,500 and then turn the previous resistance level into a support level. The last time Bitcoin held steady at $12,500 was in July last year. He predicts that the next few days may be a sideways phase, or even a slight retracement, but Bitcoin seems to have established a new base point at this price.

BTC technical analysis:

From the perspective of the daily level of Bitcoin, since the beginning of the month, the price of the currency has stabilized above 10,000 US dollars and then fluctuated upward. It can be seen that the rise is very good. During the period, it fell slightly but failed to stop the bulls’ offensive. After the currency price hit a new high during the year, the long-term trend is obvious from the perspective of the big cycle. The goal after the new high during the year is to be above the resistance zone of 14000 last year. Technically, the Bollinger Band is in a space pass state, and the lower moving averages are arranged in long positions. MACD fast and slow lines Keeping the golden cross, the bulls are currently showing signs of shrinking. The KDJ three-line is converging downwards. RSI is moving downwards in the overbought zone. Ziying predicts that it may be a sideways stage in recent days, and there may be a fall, but after all, it breaks through. A new high has also established a new support level on the K line.

     ![在这里插入图片描述](https://img-blog.csdnimg.cn/20201025185116380.png?x-oss-process=image/watermark,type_ZmFuZ3poZW5naGVpdGk,shadow_10,text_aHR0cHM6Ly9ibG9nLmNzZG4ubmV0L2thaXlhbnNodW9iaQ==,size_16,color_FFFFFF,t_70#pic_center)

At the four-hour level, the Bollinger Bands channel is in a closed state, and the currency price is running near the middle rail. As for the moving average, the 5-day moving average drops at midday, and the 10-30-day moving average keeps rising. Looking at the indicators, the MACD speed line is at 0 The top of the axis crosses downwards, and the short column is currently looking to gradually increase the volume. The KDJ three-line diverges downwards, and the RSI moves in the downward direction of the overbought zone. Comprehensively speaking, the currency price gap is large in the midday and the currency price gap is large. Low in the evening, even if the opportunity to do more under the callback. Pay attention to the 12800 support below and the resistance above 13350

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Strategy 1: Back down and enter the market near 12900, target 13000-13200, stop loss at 12800

Strategy 2: Empty near 13300-13350, target 13200-13100, stop loss at 13450

Friendly reminder: The above operation suggestions are for reference only, the analysis has a certain timeliness, and the posting has a certain delay! The details are subject to real-time market conditions, please strictly bring the stop loss yourself

Don't waste your life to care about, don't waste your youth to squander, life should be the appreciation of different sites, it is not sad to die, nothing can make you excited, except for yourself, what you can't get is always in turmoil Don’t be affected by the market. Trade and plan. When the ups and downs no longer affect your emotions, everything has just begun.

Text/Digital Currency Analyst Ziying

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Origin blog.csdn.net/kaiyanshuobi/article/details/109277060