BTC Trend Analysis~Nine-fourth is coming again, it is not moving

CSI100 index

As of 17:00 on September 4, 2018 Beijing time, the CSI100 index was 876.71 points, up 1.21% in 24h. Of the constituent coins, 85 rose and 15 fell. When the September Fourth is coming, the market is not clear. After a small correction yesterday, the market did not appear to rise quickly, but continued to enter the sideways consolidation mode. Since the long-term main force does not want to be easy to do, then we can continue to hold the currency and wait and see, the position control does not exceed 50%.

Note: CSI100 is the “Shanghai Composite Index” in the CSI index series. The sample consists of the top 100 certificates of scale and liquidity. The market value coverage rate is 96%, reflecting the overall trend of the market.

BTC

Yesterday, our forecast was that Bitcoin continued to fluctuate upwards, but it needed to retreat and then go up. The actual situation is that the retracement is very small and the overshoot is weak. The current price range is maintained in the range of $7200-7350. This shows that both long and short sides are waiting patiently for opportunities and do not want to rush.

From the chart, the 100SMA and the 200SMA complete the bullish cross, indicating that the path with the least resistance is upward. The price moved above the uptrend line connecting the lows since mid-August, and the moving average was also a dynamic support near the area.

In summary, the pattern of bitcoin volatility is still intact. Where can this wave of rebounds go? It depends on how much power and willingness to pull up the multi-military. (In the case of limited funds on the disk, the more you go up, the more you go. The difficulty is greater). It is expected to continue to fluctuate and oscillate in the range of $7,200-7,400. If you fall below $7,100, pay attention to lighten up.

ETH

ETH prices began to fall after the day before the high of $302.53. On the ETH / USD hourly chart, yesterday's bearish trend line is intact, with resistance at $292. ETH is still weak, need to break through the trend line and get more than $295 in the short term to open more upside, with support below $284.

XRP

XRP prices are slowly falling and current prices are below the support level of $0.3400. A downtrend channel is formed on the XRP / USD hourly chart with a resistance at $0.3360 and may test the $0.3200 support level again.

BCH

A shrinking triangle is formed on the BCH / USD hourly chart with support at close to $620. As the previous rise is more urgent, the BCH price may need to step back below the support level of $620 and then attack the $650.

EOS
Bitcoin entered the sideways consolidation mode, and EOS also converges a lot. From these days, the $6.8 is still a strong pressure. At present, the bulls still dominate and can continue to hold positions. Traders with higher risk appetite can buy on dips in the short term, with a target of $7 and a stop loss of $5.5.

XLM
The XLM price is still in a sideways position with support at 20 cents. Long-term optimistic about XLM, the current price may be underestimated. Continue to observe whether the market can rise again, you can properly arrange the current price; or wait for a break of 25 cents to buy, the target price is 30 cents, and the stop loss is 18 cents.

LTC
Since LTC began to move out of the 55-60 US dollar shock zone, the trend has become stronger. In the past two days, it has risen slightly to $67. If the market rebounds, the LTC may continue to hit the resistance level of $70. If the heavy volume breaks through this key resistance level, it may win a considerable increase.

TRX
Yesterday we said that the three-bar reversal mode and "Morning Star" appeared in the TRX weekly chart, which is a classic bullish signal. If the market rebounds again, TRX may have a good performance. Risk-seeking investors can intervene in small positions with resistance at 3 cents and stop loss at 2.2 cents.

IOTA
A week ago, IOTA broke through 70 cents on a big Yang line and then entered the sideways mode. The momentum of the broader market has not broken, and can continue to hold the currency, the resistance is 80 cents, and the stop loss is 60 cents.