drives the collective rebound of the mainstream currencies,
breaking triangle theory.
24 Hours News
London Metal Exchange (LME), the world’s largest metal exchange, has supported a coalition of metal traders and banks led by Mercuria, a Swiss trader, to build a block-chain-based system to track physical metal transactions, according to people familiar with the situation, the Financial Times reported. This will enable industrial consumers to better track their metal sources and enable metal traders to secure ownership of their inventories. According to reports, the alliance also includes banks such as Macquarie and ING. Matt Chamberlain, chief executive of the London Metal Exchange, will not comment on the Mercuria plan, but says the metals industry needs to agree on block-chain-based tracking and storage systems.
On March 26, CITIC Bank released its annual report for 2018. Li Qingping, chairman of CITIC Bank, said in his speech in the report that in 2018, CITIC Bank launched the first domestic block chain Forfaiting system, with business volume exceeding 10 billion yuan. CITIC Bank has released its first pilot innovation project of “Block Chain + Supply Chain”, which uses Block Chain Technology to construct a new supply chain ecosphere of open cooperation and opens up a new mode of supply chain finance development for CITIC Bank. The report also indicated that in the application of block chains, CITIC has established the largest cooperation ecology of block chains among domestic banks, and the cumulative volume of block chains and financial platform has exceeded 10 billion yuan.
Huobi Global Station officially opens TOP/USDT and TOP/ transactions at 10:00. The USDT area is the main area of the Firecoin Global Station and is expected to further expand TOP volume. Last night, during Huobi Prime’s three price-fixing period, more than 130,000 people around the world participated in matchmaking transactions. A total of 3,764 people snatched 1.5 billion TOPs. It took only 19 seconds to snatch up the original share in 1.5 hours. The CEO of Firecoin Global Station, Mr. Seven, said in a circle of friends yesterday that many HT holders had not been able to grab a share due to the overheated first issue, which also collected suggestions from the majority of HT holders. The second issue (launched on April 16) will have new rules for HT holders. Specific items and rules will be announced in the near future.
BTC
According to Insight data, the TI index, which reflects the overall performance of the sector, rose 1.43 points, or 0.38%, from 8:00 p.m. Beijing time on March 27. In addition, of the 28 sub-sectors closely watched by Insight, the highest increase in 24 hours was in the payment and financial agreement industry, which rose by 6.51%, while the highest decline in 24 hours was in the central exchange industry, which fell by 2.73%. According to monitoring, the number of active addresses decreased by 3.62% and the number of transfers increased by 38.62% compared with the previous day. Jeffrey, an analyst at BCtree, believes that 1E0 is driving up market activity and transfers are going up at the same time. Short-term may continue to rise. According to BitUniverse’s quantitative analysis, VIA, REN, DATA oscillation index reaches 8.0, which is suitable for low absorption and high throw. (Lido)
According to a study by Market Analyst Plan B, the increase in scarcity caused by the halving of in May 2020 will make the price of likely reach $55,000 sometime in 2020 or 2021. PlanB explains that the hypothesis of this study is that scarcity directly promotes value. In addition, the model combines other data, such as power law and historical fractal, to help predict the possible price of . (Lido)
Comment: We observe the price trend of from 2011 to 2019, and we can see that every halving will cause price rise. Halving will make it less and more difficult to dig, and the number of bitcoins will be closer to the total of 21 million. The scarcity caused by this limited design may lead to a sharp rise in the price of in the future.
Analysis: The current price of is 3990. The fluctuation of is up from yesterday till now, and it is approaching 4000 points. In the past 24 hours, the net inflow of funds exceeded $730 million. The daily line shows that the is still in a state of lateral oscillation. The 7-day average turns downward, the overall disk is suppressed, and the short line is biased towards short. Watch the resistance area of MA7 (4020) above first, and continue to watch the vicinity of 4150 above when breaking through the resistance. The lower support continues to focus on 3900.
strategy: Short-term trend is weak, do not rule out the possibility of further downward, close to resistance level can consider short-term deployment of small short positions, pay attention to stop loss, medium-term trend continues to be bullish, it is recommended to attract funds at low levels.
As of 8 o’clock today, the average long position ratio and short position ratio of Okex Taifang Quarterly Contract Elite Account are 25.36% and 14.58%, respectively. The gap between long position and short position is wider than that of yesterday, and the long position is still higher than that of short position. At present, the total number of ETH contracts is about 792,300 ETH. (neutral)
ETH
Analysis: ETH maintained a small upward oscillation after confirming 133 support positions yesterday. From the 4H periodic chart, the current entity pillar pull-up breaks through the recent downward channel and continues to go up. The indicators start to release after continuous short-selling. There is a continuing upward trend to test the resistance position in the upper 140 area. The price upward momentum is continuously concerned in the day.
strategy: Compared with other resident ratio, ETH is weaker than the reorganization trend. It is suggested to hold low positions, and the medium and long-term thinking is still to attract low positions.
Disclaimer:
This report is an internal exchange report for the company, which is based on the information that has been publicly available. The company strives but does not guarantee the accuracy and completeness of the information. The opinions expressed are only internal exchange and learning, and do not constitute investment proposals for anyone. Therefore, the company is not responsible for any investing.
Published at Thu, 28 Mar 2019 06:53:33 +0000