Altcoin

The recent decline in the price of coins has made it difficult for many currency markets to report their bad news. For example, Bitcoin Gold is subject to a ‘double spend attack’. The US Department of Justice conducts a criminal investigation of bitcoin manipulation. The EOS Exchange does not support messages such as mapping of the main network. These unfavorable news are very deadly to the currency market. The news is always lagging behind, and all news will be displayed in advance on the price. The role of the news makes investors panic, thus making a mistake to buy at a high price and sell at a low price. So often when you see the news, it has gradually approached the end of this round of rising or falling. This time is often the time when people are most greedy or panicked.

This time the decline has been far less than the previous one. This we can clearly observe the size of the volume. So the current Bitcoin is still falling in conjunction with the news, but also to the end of the short term. If you want to do short-term trading, the high probability of this price will be a good price. At present, the overall trend still does not change the trend. If you want to bet on a price rebound, remember to take a short position and buy it quickly. If Bitcoin can successfully fall to strong support of $6,800, we can continue to increase our funding.

Since the hard fork on May 15, bitcoin cash prices have continued to decline. At the lowest level, it fell below the support level of 1,000 US dollars and fell to 945 US dollars. At the current price, it constitutes a recommendation for short-term trading. If BCH is able to confirm stabilization after the second bottom near the first support area below, then the high probability acceleration triggers a further uptrend on the trend line resistance, and once the resistance on the top trend line is broken, the first resistance above the threshold is 1300 USD. Integer pass, breaking this position can be seen on the 1400 US dollar golden resistance.

Last week, a malicious miner successfully executed a double flower attack on the Bitcoin gold network. The attacker may have stolen $ 18.6 million worth of funds from the exchange. After the news broke out, BTG prices fell. The current price is $47.17.

After the price fell to the strong support level of 10.5 USD, there was a certain degree of rebound. The current EOS price is 12.41 US dollars. Yesterday’s trading volume was enlarged and a large amount of funds were bought in this position, indicating that many investors expressed their approval of the current price.

TRON founder Justin sun was reported to have turned out that ICO’s Bitcoin was all replaced with legal currency, and the dissertation fraud and other negative news. However, it was relatively stable on the disk and there was no sharp decline. It was only a slight adjustment with the market, indicating that the overall situation still has support mood. Therefore, the probability of following a bitcoin rebound in the short term is relatively large.

Most of the larger rebounds were due to a retaliatory rally after a sharp fall, not a consolidation after consolidation. So basically it is a short-term rebound and it is difficult to have continuity. So I hope everyone invests carefully.

Personally feel that the bear market will continue, do not forget to lower positions by rallies.

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