Market Analysis of December 26, 2018

Fundamentals
With the arrival of Christmas, American stocks plummeted, but the money market did not get enough replenishment. From the time point of view, the arrival of the Western Christmas holiday led to the withdrawal of some funds and the fall of prices. The stock market is the most obvious performance. After the withdrawal of funds, we will look for better varieties to buy. So during the holiday period, the money market is not very active, but has fallen back. Signs, but belong to the normal withdrawal of funds, not panic selling.

Technical aspect

BTC/USDT

Figure 4 Hour Trend Chart
BTC has started a continuous decline after a slight new high in the pre-season. The reasons for the holidays are more critical. After the festival, the focus is still on the top-to-bottom conversion position around 3660, which has been mentioned before. In addition, as shown in the figure, if the price is moderate above 3660, the future market will have a greater chance to rebound. In the right box of the figure, the right shoulder and the bottom of the head will be formed. Entry near 3660 gradually absorb, waiting for the break neck line position, the steady wait for the break neck line position after follow-up. If the future market breaks the neck line, the short-term last line support of the bulls will be around 3430.

ETH/USDT

Figure 4 Hour Trend Chart
ETH has a strong rebound. It can be clearly seen from the figure that the important pressure zone mentioned earlier has been standing. However, due to the reasons of holidays and power decay, the future market still plays a key supporting role in the future market trend. The key point below is still around 106. In the short term, temporary wait-and-see is the main point, and radicals can still gradually absorb near the bottom of the regional support. Na.

XRP/USDT

Figure 4 Hour Trend Chart
The trend of the currency is basically in line with expectations. After the high innovation, it falls back quickly and the MACD deviates. But the difference is that this time the strength is greater, and it may not form a second deviation. The key areas mentioned earlier have also been punctured. Considering the trend of the mainstream currencies, the strength of the currency has been differentiated. With the influence of holidays, the currency maintains a wait-and-see attitude for the time, but the 0.34 front-line currencies are still on the horizon. Support still needs attention, that is, the bottom of the box area in the figure, but in the short term it is not recommended to follow up immediately. It will take some time to adjust the level of MACD4 to continue to form a golden fork.

The above suggestions are for reference only.