There was a decline and we shared long evaluations about the causes of the decline. Now analysts’ new predictions about the current situation and ETHBTC We will discuss the appearance in the parity. What are the analysts waiting for analysts a short time before the end of August? Is it logical to take risks for investors for now?
Bitcoin (BTC)
Decreasing to $ 112.015 BTC For now, he’s lingering just below the support of $ 112,500. Powell’s speech will begin after hours and investors reduce their risks because they don’t expect them to say good things. However crypto currency The markets are full of surprises and we have seen very much that sometimes the price is moving in the opposite direction.
Therefore, it may be useful to look at the perspectives of different analysts. For example, Daan, who shared his latest assessment 2 hours ago, wrote the following;
“There is an important area here. Let’s see what will happen. I am happy that we are patient this week and not trying to capture this trend while tending to fall down the liquidity.
These range breaks are usually the points where market sensitivity really decreases and the highest levels are estimated. These intervals, even if there are best risk/return areas for longing during this cycle…
However, as a potential installation, I always recommend you to wait for confirming the price of the price after the deviation. In this way, you will then get a solid level of invalidity (for example, under the range or wick).
If it breaks down and does not take back the range, you usually don’t want to wait for a movement that can cause a bigger break. ”
Davis is one of those who say either now or now. If it will be a return, he says that this level is a good bottom, but with a difference. He says this will happen. He will not meet the harm of those who believe in him when he is unfair, but he will not ask for his share when he is justified. We are in the days when we understand how important the news flow is and the flow does not support Davis. If you have followed the assessment of today’s Hammack descriptions, details in PMI data and the Fitch Rating report, you understand better what we mean.
For this reason Cryptoappsy It will be in your favor to use the news section of the application more intensively especially in such periods.
Returning to Davis, the analyst wrote;
“If there is a place where the BTC can recover, it is this place. It was already kept as a support on August 2. This will also serve as previous ADA resistance and ideally support. The bulls must protect the line.
The loss of the 50 -day EMA, a downward re -test or the intersection of 20/50 EMA, which will take place a few days later, does not satisfy me at all. If the daily closing is not above 112, it becomes easily invalid. ”
Ethbtc graph comments
Altcoin The graphics that investors have stood their eyes below, ETHBTC The graph has signaled what could happen to the fluctuation in the last 24 hours. As the BTC weakened, ETH suddenly turned up its direction and saw that the 0.038 level was taken back in the ETHBTC parity. In this process, BNB reached the new AC level.
If the BTC loses power, if the 0.038BTC level can be taken back and maintained, subcoins may begin to rise by positive decomposition in this process. While the BTC weakened, we saw that the Altcoins gained strength in the bull markets. However BTCSince the current cooling in the macro -front is due to the winds of the macro front rather than shifts liquidity to the subcoins, waiting for such a scenario may be extremely optimistic.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
