Crypto Market Analysis - July 20th

 2020-07-20 06:42:43

Bexplus


Bexplus


Judging from the performance of the number of active addresses, the number of active BTC addresses recently dropped from 1.003 million on July 14th to 874,000 on July 19th, showing a continuous decline in the short-term. At the same time, the number of large-value transactions by major investors has been declining recently. On July 19, the number of transactions with more than 100 BTC was only 380, indicating that the market adjustment has reached a very critical moment.

Next, investors can pay attention to the impact of recent investors' cost prices on trends. The volume-weighted average cost price of investors on the 30th was US$9,231. From the high point of the rebound, BTC reached a maximum of US$9,231 on July 20th, and the top reversal signal appeared immediately. Therefore, it can be confirmed that BTC is still in range. The space for price shocks is very limited, a change becomes more urgent.

The weighted average cost price of 360-day investors is $8,410, and there is not much room for short-term retracement. In other words, the target for the recent weak price adjustment is around $8,410. If BTC maintains its current trading status, it is believed that there will be a price level below $9,000 in the near future.

In terms of mainstream currencies, most currencies rebounded slightly during the weak and volatile period. During the short-term rebound of ETH, it continued to approach the pressure level of $241 corresponding to Fibonacci 38.2%. The short-term increase of EOS is large, which indicates that it is effective for up to 5 trading days in the previous period, so it is possible to operate more changes.

P/L calculator
Margin calculator
Direction
Token:

Open price:
Close price:
Volume:
Position days:
Profit:

0.00000000 BTC

Profitability:

0.00 %

Amount required (margin):

0.00000000 BTC

Service charge:

0.00 BTC

Daily interest:

0.00 BTC

Token:

Volume:
Occupation margin:

0.00000000 BTC

Real Time Exchange Rates:

BTC/BTC