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China youbi digital assets limited

China youbi digital assets limited

Home > News > December 10 market analysis | will appear effective rebound


December 10 market analysis | will appear effective rebound


At present, the 4H level of bitcoin is going through C of ABC structure. C has a rebound basis, because the volatility is decreasing at present, but it still needs confirmation at 30M level.At 30M level, $3,650 is an important resistance level. Judging from the overall trend, today's decline is the main one, that is, short around $3,580, stop loss of $3,700, and target of $3,300.

If the reversal can start around $3,300, then the reversal of C will begin, otherwise it will continue to be low.If there is a clear rebound sign at $3,300, place a small order around $3,300 with a stop loss of $3,200 and a stop gain of $3,750.



The trend of yitaifang tends to bitcoin, but the market to a lot of weakness, the current market is going 30M level of the center, the probability will also hit a new low.It is recommended to short around $94, stop the loss at $98 and stop the gain at $80.


Grapefruit because of the strength of the early decline, so the rebound is relatively strong, but the rebound has come to an end.Usd 202 is an important resistance level, and the rebound ABC structure has also gone through. Today, it is suggested to short around usd 2.1, stop loss usd 202, and target at usd 1.7.


Today's market trend is still down, except for the relative strength of bitcoin, other currencies are likely to hit a new low, so the operation continues to be short.

The above is personal advice for reference only

Today's internal

1. People's Daily published the article "crack the problem of difficult and expensive financing for private enterprises".The article mentioned that the financial system should be further integrated with emerging technologies such as big data, machine learning and blockchain to reduce financing costs of private enterprises.

2. Presto, a south Korean blockchain startup, has filed a constitutional complaint accusing the government of unconstitutional its ban on ICO last September.

Gabor Gurbacs, VanEck's director of digital assets, said on twitter that the SEC's decision to delay the bitcoin ETF had double standards.

4. Satoshi obamoto tweeted that in January 2019, he will start showing people how bitcoin can be expanded through the SPV system.

Coin printing pool co-founder zhu farfa fa circle of friends said: bold predictions, may have been the bottom.

In a meeting with putin, venezuela's President suggested that he could use Petro to buy oil.

7. The minister of finance of Chile recently indicated that government entities had made progress in developing encryption regulations.

8. In a speech, the director of the financial science and technology department of the financial authority of Thailand (SEC) said that the Thai government encourages the development of compliant blockchain companies in Thailand.

Maddison holdings bought BITOCEAN, a Japanese virtual Currency Exchange, for 1.68 billion yen.

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