Daily analyze of digital coins 20190809
News
1. Rhode Island has become the latest state in the United States to add specific currency delivery guidelines for encryption companies. According to a report issued on August 5 by Alston and Bird, an international law firm, from January 1, 2020, any business that accepts money transfer fees or maintains virtual currency control for others will be subject to new laws.
2. In May, Yuan was attacked by hackers and lost more than 7,000 BTCs. Hackers have reportedly cleaned at least 4836 stolen BTCs through an encryption mixer called ChipMixer. According to Clain, an encrypted capital flow company, the attack took place in May and money laundering began in June.
BTC has fallen before rising since yesterday, rebounding at $11550, and is now back above $12,000. In the past 24 hours, the net inflows of BTC funds have amounted to $900 million, and the market inflows have remained at a high level. The price fluctuation of BTC is relatively large in recent days, and the dispute between the two sides is fierce. Looking at the 4-hour line, BTC quickly broke through the yellow line triangle oscillation area in the picture above in the early morning, and is expected to open the ascending channel in the future. But the market here is still not stable, we need to see if it can stand firm at $12,000. Attention to resistance above $12,200. Operational aspects, back to the support of $12,000 can consider appropriate warehousing, break off.
ETH has accelerated its withdrawal since yesterday, reaching a minimum of around $216, and is now rebounding. In the past 24 hours, net inflows of ETH funds exceeded $70 million. Compared with the previous cycle, the inflows of ETH funds decreased. ETH accelerated its withdrawal yesterday, falling below $220 at one time, and is now rebounding back to around $220. Compared with the market, ETH trend is relatively weak rebound is very weak, the daily line is still not fully out of the bottom of the oscillation zone as a whole, ETH is still weak collation, there is no larger market for the time being, but in the medium-term direction, there is still a larger space above ETH, below the support first focus on $217, in the focus on the $200 threshold. In terms of operation, close to the support level, we can consider building an ambush warehouse at low prices, and we do not recommend futures operation for the time being. Yesterday, BCH fell below the short-term support of $330, reaching the lowest position of $326. On the market, the trend is still weak, the trend is not clear, it is recommended to wait and see. Technically, the current 4-hour target is still neutral. At the daily level, yesterday’s line closed a small negative line, while the short-term withdrawal continued to see the vicinity of the $320–326 mid-track. At present, bulls still need to rely on the strength of the market to support. It is suggested that we wait and see for a while. At present, the short position in the trade, pay attention to the trend of the market, can be in the market appeared in the right position to consider admission.
Over the past 24 hours, the EOS market has basically leveled off, and the market has come to a critical position to test, while EOS does not have much market. It is likely that the market will continue to be weak for a short time, and the trend is relatively unclear. Technically, the daily level Brin Channel continues to narrow and tidy, and the four-hour target is almost flat. At present, the $4.1–4.5 is still a chip-intensive midline market, so long as the market continues to move well, it still retains the hope of rising. However, at present, the overall market is weak, and it is not suitable for overweight positions to continue to hold bottom positions. It is still the preferred market.
The net 24-hour outflow of XRP funds on the capital surface is about 130 million RMB, similar to the level of the previous cycle. Among them, the outflow transaction is mainly technical with USDT. From the four-hour line, the market of XRP continued to be in a narrow range of volatility yesterday, and the long-term wait-and-see is serious. From the recent four-hour market, XRP’s overall market change is the weakest of all the mainstream currencies. The dynamic indicator MACD is basically near the zero axis. From the flow of funds, we can also see that XRP’s capital bias is not optimistic. Short-term market is unlikely to get out of the independent market, but still driven mainly by the market. At present, the falling market is relaxed, and the intra-day market rate will fluctuate to the medium track. Operationally, light warehouses may enter the market at low prices or increase warehouses appropriately, and futures will have more short-term ambush light warehouses at support level, breaking support and stopping losses in time.
In terms of capital flow, the net inflow amount of LTC funds in the past 24 hours is about 200 million RMB, and the main inflow trading pairs and main positions are maintained at the level of the previous cycle. On the technical side, LTC rebounded weakly yesterday morning, and subsequent prices continued to slump to near the support level and began to rebound this morning. Four-hour line, LTC trading volume continues to shrink, the market continues to consolidate at the bottom of the volatile region, the short-term weak market is still likely to continue, short-term market should pay attention to the support level of $87 below. At present, the follow-up market mainly depends on whether the big cake bulls can effectively increase more than $12,000, other mainstream currencies including LTC linkage. Operationally consistent with yesterday’s analysis, the low entry can continue to hold, and the reliable near support position without entry can appropriately enter. In the short term, do not easily heavy warehouse operation, beware of treating.
Idax (www.idax.pro)
Published at Fri, 09 Aug 2019 09:12:45 +0000
Bitcoin Pic Of The Moment
✅ This image from Marco Verch (trendingtopics) is available under Creative Commons 2.0. Please link to the original photo and the license. ? License for use outside of the Creative Commons is available by request.
By trendingtopics on 2019-03-12 08:05:10
