Market Analysis on January/10, 2019

Fundamental analysis:
Recently, Bank of England Governor Carney said: The Bank of England is open to the final development of a central bank digital currency. The current form of encrypted assets would have no future if they were to become a currency, let alone a global currency. Even though real digital money may still be a long way off, digital payments clearly have a future. In particular, he stressed that for Britain, encrypted currency is also an inefficient medium of exchange. Carney further pointed out the drawbacks of Bitcoin, saying that it trades more slowly and costs more than pound sterling.

Technical analysis:

BTC/USDT

(Figure is BTC/USDT D1 level chart)

Technical analysis: Although the overall market of the currency against the dollar has rebounded, the upward trend has been hindered. Daily-level double-wire MACD has gradually narrowed the multi-head kinetic energy column, while the upper pressure is at the 4050 front line. If it fails to break down effectively, the probability of future fall back to the 3650 front line is very high. Investors are expected to operate cautiously and control risks.

Focus point: 4050 line pressure, 3650 line support.


ETH/USDT

(ETH/USDT D1 level chart)

Technical analysis: At present, there is a death crossing between the two-wire MACD signal lines of Etaifang and US dollar D1, which indicates that there is a great risk of future market downturn, while there is high pressure on the whole $163 line, and the market has not made an effective breakthrough. Therefore, the overall market will fall back, the lower support is located in the front line of $130.

Points of concern: pressure near 163, support near 130.


LTC/USDT

(LTC/USDT D1 level chart)

Technical analysis: At present, D1-level double-wire MACD multi-head kinetic energy column is gradually narrowing, signal lines are about to appear death crossover, which also indicates that short market is about to appear. The $40 front line has been repeatedly supported by the shadows, and the overall market has not broken, so the overall market has peaked in the short term.

Focus point: 40 belt pressure, 28 belt support.





(The above are personal suggestions for reference only)