Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Cici Lee on July 29, 2020, 11:55:54 AM
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Most mainstream coins' candlesticks turned from red to green, in which XRP surged more than 5, leading the market in a strong performance. However, BTC relatively showed a weak trend at the same time.
BTC：In the 4-hour chart, the price step back on the short-term MA and then rise again, which continues to rise along with the short-term MA. Currently, the long-term MA slow down the rising trend, there will be a subsequent shakeout. Please note there is an opportunity to going-long once the price goes down again, we could buy the 1-4 hour put option, do not going-long when the price goes up.
ETH： The price rebound gradually and strengthened. In the 4-hour chart, MACD shows signs of shrinking above the zero axis. Please note that there is a possibility of repeatedly ups and downs under the bull trend, do not blindly going-long during this period. Be aware of the pressure around 330, we could buy the 1-hour call-option in the short term.