UB Digital Asset Trading PlatformMarket Analysis on January 24, 2019

Fundamental analysis:
Yesterday, although the whole currency market was still relatively weak, we can see that the market has steadily risen. After a short period of new highs, individual currencies are still consolidating at a low level. We can see that investors are gradually entering the market. [Aomori Bank of Japan has invested 300 million yen to SBI's Block Chain Investment Fund] Aomori Bank of Japan has invested 300 million yen (about 18.6 million yuan) in AI and the Block Chain Investment Fund (SBI AI&Blockchain Fund) to identify potential start-ups. SBI AI & Blockchain Fund was established by SBI Investment, a wholly owned subsidiary of SBI. At present, the fund has received a total of 60 billion yen (about 3.7 billion yuan) from investment institutions and local banks. Overall, the market of digital money is gradually warming up.

Technical analysis:

BTC/USD

(Figure is BTC/USD D1 level chart)

Technical analysis: Although the overall market of the currency against the US dollar is depressed, the long downward shadow line of the previous day's close and the cross star line of yesterday are also the stop-drop signals given by the market; D1-level double-line MACD short dynamic energy column is gradually narrowing, the signal line has a trend of bottom golden fork, which also indicates the short-term market stop-fall repair. In the future, there may be short-term callbacks in the overall market. If investors with high risk preference can make short-term callbacks on the 3600 front line, the upper pressure level is at the 3800 front line, which is also the 60-day average pressure level.

ETH/USD

(ETH/USD D1 level chart)

Technical analysis: At present, Etaifang D1 double-wire MACD will also appear at the bottom of the gold fork, and short-term kinetic energy pillar will gradually narrow, indicating that the overall market will stop falling at the front line of $114 in the short term. Similarly, as with Bitcoin against the US dollar, investors with high risk appetite can recover from this position, targeting near US$136, which is 61.8 and 38.2 of the previous rally, while the overall market is now at US$114 (i.e., 61.8 of the Golden Section).
Focus: Near $114,136.

LTC/USD

(LTC/USD D1 level chart)

Technical analysis: At present, D1-level double-line MACD short dynamic energy column is gradually narrowing, the signal line is about to appear golden crossing, which also indicates that the bull market is about to appear. The $30.5 front line has been repeatedly supported by the shadow line trial, and the overall market has not broken, so the overall market has reached a short-term bottom. And this variety has always been my favorite variety, so investors can pay close attention to it.

Operational Suggestions: 31 area long, target 34.5, stop loss 28.5.



(The above are personal suggestions for reference only)