IDAX Center:Daily analyze of digital coins 20190711
News
1. On Wednesday, the Securities and Exchange Commission approved Blockstack, a block chain startup, to sell Bitcoin-like digital tokens. Although the product is similar to IPO in some aspects, there are great differences.
2. In late May, Congressional candidate Omar Reyes, running in Florida’s 22nd Congressional District, wrote to the Federal Election Commission (FEC) seeking to “distribute the Omar 2020 (OMR) tokens based on Ethernet to potential volunteers and any voters interested in them”. 3. Federal Reserve Chairman Jerome Powell said at a hearing on the House Financial Services Committee Wednesday that Facebook should not be allowed to introduce an encrypted currency, Libra, until it details how to deal with a range of regulatory issues.
BTC withdrew quickly yesterday night, dropping to around $11,600, and is hovering around $12,000. In the past 24 hours, the net outflow of BTC funds exceeded US$100 million, and the outflow of market funds increased rapidly. The day has reminded you that the risk above increases and keep track of the rise. Looking from the day line, yesterday’s line closed a long shadow cross, out of the double top shape. At present, BTC has fallen below the front neck support, and is still in a downward trend in the day. It is more likely that the short-term seismic callback will continue. At present, it is not recommended to blindly copy the bottom price, but to rebound to the resistance level, hedging or partial stop-earnings exit can be considered.
ETH fell sharply yesterday evening, falling to around $280 at its lowest level and hovering above $280. In the past 24 hours, the net outflow of ETH funds approached US$100 million, and the market outflow of funds gradually increased. ETH is now back in support of $280, the short-term market trend is not optimistic, there is still the possibility of further retreat, if ETH fails at $280, it is possible to test the vicinity of $260 below. In terms of operation, keep a wait-and-see attitude for the time being. If it effectively falls below the support level of $280, it is recommended to leave first.
BCH capital outflow continued to expand in the past 24 hours. Yesterday, as the market fell, it broke short-and medium-term support. At present, it has come to an important platform, short position can be general. If the market enters the day-level concussion consolidation, BCH may consolidate on the support platform technically, the day-level BCH can obviously have no other mainstream currencies. Strong, 4 hours to see RSI to 30 oversold, the lower focus on the platform support of $369377, the upper look at the $400 integer pass, if the market continues to drop back, BCH is more suitable to wait for the right side of the transaction until short-term consolidation, if fall below the support range is appropriate to open short.
XRP fell sharply in the daytime housing sector yesterday, falling below $0.32 at the lowest level, with the biggest drop of nearly 20%. On the capital side, the net outflow of XRP funds in the past two hours increased to 380 million yuan, of which USDT continued to flow out of the technical side. Yesterday, it fell at night. Before and after breaking down, the amount of follow-up declines could be more general. After touching $0.32, the rebound of XRP funds increased to a larger four-hour line with a long shadow line. At present, the market is still in a relatively weak stage, it is possible to fall again at any time, the lower support level is around $0.33, after falling, pay attention to $0.31. However, it is not excluded that the bankers may be more tempted to operate more cautiously. Yesterday’s empty sheet can continue to hold, leaving the support near the ultra-short light warehouse into the market, fall below the support level and stop loss in time.
LTC’s market yesterday was similar to XRP’s, falling below $100 in support of the market at night. In terms of capital flow, LTC has outflowed 570 million yuan in the past 24 hours. Compared with the previous cycle, it mainly increased the outflow of USD cash. On the technical side, LTC fell sharply with the market yesterday night, ranking in the forefront of the mainstream currencies, and is now rebounding to the vicinity of the Brin Belt derailment. From the perspective of rebound volume, rebound willingness, and relatively weak market, there is still the possibility of further downward shocks in the short term. The lower support is at $98, falling below $95. Spot suggestion part of the exit, futures empty orders continue to hold, break through resistance level futures clearance, non-entry spot light warehouse entry.
IT have been rising continuously in recently, ignoring the sharp pullback in the digital money market. Recent trends in the daily hourline to form an effective breakthrough, ignoring market trends, suitable for medium and long-term holdings.
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Published at Thu, 11 Jul 2019 11:45:34 +0000