Daily analyze of digital coins 20190802
News
1. Today, Grayscale Trust Fund has announced the scale of nine kinds of encrypted currency trusts. Currently, Grayscale manages a total of $2.5 billion of encrypted currency trusts, of which $2.409 billion is Bitcoin Trust. The other two larger trusts are ETH’s $48.7 million and ETC’s $33.7 million. In addition, they also include BCH, ZEN, LTC, XML, XRP and ZCASH. 。
2. Starting from 1 August, Brazilian citizens are obliged to report their encrypted currency transactions to the IRS. According to Agncia Brasil, Brazil’s national public news agency, transactions involving encrypted currencies such as Bitcoin must be reported to the IRS in accordance with the rules established by the 1888 normative directives issued in May 2019. The new measures apply to individuals, companies and brokerage companies, including various encryption-related activities, including buying, selling, donating and delivering. Exchange, deposit and withdrawal, etc.
BTC continued its upward trend last night, reaching a maximum of $10,500. In the past 24 hours, the net inflows of BTC funds approached $7.5 billion, and the market inflows continued to maintain a high level. Yesterday, BTC in the white market recovered slightly and fell to below $900. Later, the night bulls started again, breaking through the resistance of $10,200 and arrived near $10,500. Daily view, BTC is facing MA30 mean resistance above, and the recent rebound energy is obviously insufficient. In the short term, it may be difficult to break the trend of Interval Oscillation and pay attention to withdrawal risk within days. The upper resistance level is close to $10,600, and the lower support level is close to $10,000. Operational aspects, the current volume of transactions can shrink, the market is not stable, low-price holders can consider continuing to hold or partial stop earnings.
Yesterday and today ETH has had a small shock and is still below $220. In the past 24 hours, the net inflow of ETH funds exceeded $25 million, and the inflow of ETH funds decreased compared with the previous cycle. Yesterday night, BTC continued to rise, but the weakness of mainstream currencies such as ETH failed to keep up with the pace, and still maintained a low level of small shocks. At present, the daily line is hindered by the Brin Medium Rail, but the MACD underwater golden fork continues to diverge upward, and the medium-term trend remains more. The upper resistance area pays attention to $220–225, while the lower support area pays attention to $200,202. Operational aspects, still maintain low-level fundraising strategy, do not recommend construction for the time for futures, waiting for a clear direction signal.
Yesterday, BCH continued to decline once to close to $317, and then continued to test upwards, but by contrast, only BTC has the largest increase, BCH still looks weak on the board, there is obvious resistance above, it is not suitable to catch up. Technically, yesterday’s BCH day line ended in a shadow crossing. On the right side, it is expected to continue to test the resistance range of $336–343. However, the amount of energy is still relatively weak. There is little possibility of breaking through right now. It is not appropriate to do more. We should continue to hold the bottom position to watch the situation above. Trading, continue to hold the bottom color position, the market is not clear, the upstream focus on the two resistance positions to stop earnings
Yesterday, EOS slightly withdrew the shock, such as yesterday mentioned that the trend was not strong and yesterday’s market continued to explore the upward situation, EOS disk bulls do not seem to have much desire, can continue to shake consolidation in a short time. Technically, yesterday’s withdrawal from $4.47 was blocked slightly, and the daily level is still above $4.25 on the MTR. There may be too many market fans on the daily line to pay attention to the support level and wait for the channel to narrow down. In addition, there is downside risk if the market withdraws. Operationally, we need to maintain a position below $4.20, and we need patience in the midline market.
The net 24-hour outflow of XRP on the capital surface is about 270 million RMB. Compared with the previous period, it mainly increased the net outflow of USDT, mainly by retail investors. On the small technical side, the main position changes. From the four-hour line, the daily market of XRP continued to be depressed. During the day, it followed the market to withdraw to the downward passage of the Brin Belt. This morning, the K-line rose back to the position of the Brin Mid-track. 。 This morning, the big cake again led the rise, short-term market has a trend of solo dance, while the XRP market is more vulnerable than several other mainstream currencies, with a trend of large funds suppressing upward. The short-term trend of XRP is still dominated by inter-sector shocks in the linkage market. Of course, we should also guard against bankers’lures. Operationally, big money holders can keep their holdings for a long time, while non-holders can shift their shares to other mainstream currencies or cakes. Futures can test more light positions near the support level, break down and stop losses.
In terms of capital flow, LTC’s net capital inflow has declined in the past 24 hours, amounting to about 60 million RMB. It continues to be dominated by major inflows, but retail investors have some net outflows. Technically, LTC entered the horizontal consolidation stage after a slight withdrawal yesterday morning. Following the market up this morning, although exceeding $100, but the follow-up volume failed to continue to follow up, and is now withdrawn again. Short-term market, LTC incentives halved to stimulate prices to rise again is unlikely. In the near future, there will probably be a wide range of volatility. The upper resistance level is $106. The lower part first sees the Brin Medium Rail, while the lower part pays attention to the support of $88. Operationally, yesterday’s analysis said that low holders could stop earnings partially and those who did not leave the market could step out after breaking the Brin track.
IDAX ( www.idax.pro )
Published at Fri, 02 Aug 2019 07:11:29 +0000
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