Daily market analysis[20210219] - Canadian ETF officially launched, Bitcoin continues to hit new highs by farhankhan123

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· @farhankhan123 ·
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Daily market analysis[20210219] - Canadian ETF officially launched, Bitcoin continues to hit new highs
![image.png](https://cdn.steemitimages.com/DQmVeD7RJvVDQAo1kB4y6YWNppxTLD9r77pUayv2vgvvQjX/image.png)

# BTC
![image.png](https://cdn.steemitimages.com/DQmQhbAzbBxKEwm8iycbWo3m7jRb1WG8v7TNFCzufibzTmW/image.png)
The news of Bitcoin in the fundamental direction is leaning towards the better. Successful ETFs have already been launched abroad and will also drive more and more institutions to accelerate entry. Therefore, from a long-term perspective, it is still optimistic. The subsequent development of Bitcoin.

Yesterday, the market was facing the threat of 4-hour MACD top divergence. There was a slight correction. The correction was not very large, and the trading volume was also relatively small. This is something that is more worrying because of the increase in trading volume. Insufficiency means that the market is not active anymore. If you want to continue to rise, you must continue to buy a large amount of trading volume. Therefore, we need to be cautious within a short period of time. At the technical level, I do not recommend that you chase more. In the early stage of the market’s rising process, I have also recommended buying many times. Small partners who are already profitable suggest that you can consider a part of the capital and use the remaining part to pursue subsequent profitability. , This is relatively safe. The lower support area is 50000 and the upper no resistance area.

# ETH
![image.png](https://cdn.steemitimages.com/DQmWf8LuQ3KQRu7pgJPoBHUG2Kov2x62gRes4N77cFCecYM/image.png)
Ether has shown continuous trading on the positive line since noon on February 17 in the 4-hour cycle, and it has continued to rise, and the highest has also risen to 1951.22. Yesterday we have also analyzed it. For the ether, the stronger the decentralized financial sector, the more beneficial it is for the ether. Ether is also the ultimate beneficiary of the decentralized financial sector. Therefore, from the perspective of long-term imagination, the room for growth of the ether is still relatively good. big. However, the current trading volume is still not very sufficient. Although there is no threat of divergence similar to MACD, we should also be cautious at this time. We should choose a holding method similar to Bitcoin, that is, take a part of the profitable position first and use the remaining part. Come to grab the follow-up upside, so that we can at least guarantee that it is profitable. For those who have not entered the market in the early stage, it is still not recommended to enter at this time. The lower support area is 1762, and the upper no resistance area.

# BCH
![image.png](https://cdn.steemitimages.com/DQmYRE7ktXhxrnRhDBcaL5nXWWUP8vpEUyWoAt14kCqnQaU/image.png)
We can clearly see that the current trend of BCH has shown more glitches, a relatively high turnover rate, and it is already a high sideways shock. At this time, our view remains unchanged. BCH is an attempt to buy as a speculative currency. Once there is a weak or weak market situation, we need to leave the market in time and do not wait and see. For the small partners who have already held and profited in the previous period, they should give out a part of the funds or leave the market entirely. And the small partners who have not entered should not chase more. For the buying method of BCH, it is always recommended to try to buy in the short-term fixed investment. In the process of BCH's big rise and fall, short-term fixed investment has the opportunity to buy BCH at low points, that is, the average The cost of buying is lowered, and then we will make a profit after the sudden increase of BCH, so that we will make a good return. The lower support area is 628.5, and the upper no resistance area.

# DOT
![image.png](https://cdn.steemitimages.com/DQmNUUo8Ufqnzvs5vo57EBfr4rk5R2LLXmgMUG8wr9eUxV8/image.png)
Yesterday, we have also analyzed Polkadot’s overall buying concept: Generally speaking, we try to buy according to a profit-loss ratio of 1:3, that is, if we want to buy, then the ratio of stop loss to profit is 1:3, so We can guarantee that among the three average buying opportunities, one profit can pay back. From the current situation, we use the 4-hour level 90-period average buying line as the lower support zone. The buying principle is the profit and loss of entering the market. The ratio is much greater than 1:3, so in terms of current profitability, our profit margin is very large. In the future, we will still try to buy in accordance with this principle to ensure that every time a small loss is small, a large win Program.

Currently Polkadot has broken through a new high once again, reaching 32.86. The trading volume at this time is still not much. Therefore, it is not recommended for those who have not entered the market to enter the market. Those who have already entered the market, congratulations, you have more. Profit, as long as it is guaranteed that the lower support area will not be broken and continue to hold. The lower support area is 25.5, and the upper no resistance area.
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