The market analysis for BTC, ETH,LTC 2019/7/12

BTC: $11320 ETH: $268 LTC: $103 BCH: $342

Over the past two days, the market has frightened us and the panic spreads again. I did nothing in these days (of course the best operation is selling the btc at $13000 and buying it at lower price. I am not the god so I did nothing). Over the past 7 days, I have been focusing on the performance of the btc in two positions, one is 12400, which is the high of the rebound, and the other is 13900, which is the high of this year.
In the last article, I have mentioned that if the price of BTC can break through 12400, it will start up; if it can break through 13900, it will go to the moon. Many people have asked me when they can buy BTC that implies they are impatient to buy btc.

Yesterday, after the btc falling breaking 12400, I get some information and told them to be patient. The first thing which can be seen in the past few days is that only the btc have risen and other crypto currencies remain. I have pointed out that the market is short of heat and funds, so it can't support all the currencies to rise. Only by letting the leader rise first, can we hope to arouse the media heat and attract people outside the circle to enter. Suppose LINK, which is crazy recently, has risen dozens of times to 200 dollars. It can only make a sensation in the circle, which is of no use to the whole currency circle. However, if BTC rises to 50,000 dollars, the whole world will be crazy and a huge number of people will rush into the market. Secondly, I also pay attention to some other people's analysis. I won't see the analysis, of which the accuracy is near 50%. Yet, I pay special attention to two kinds of analysis. The first one is that the accuracy is very high and worth learning. The second one is that the reverse index with the error rate as high as 80% will also be seen, because it is really valuable. I used to refer to the reverse indicators several times in buying and selling. My initial plan was to let your new funds enter the market when the price of btc falls below 12400 and wait for 13900. However, I suddenly saw a reverse indicator that also state that we can buy btc at 12,000-12400 . Then I really felt that I had to analyze it carefully and wait, and then the results were achieved. Then the next day, it fell from 13,000 to 11,000 plus immediately.
The current market is somewhat similar to the case in May, when btc fluctuated around 5300 and all the other currencies were falling. I said the market was out of sync. This time, the market is not so synchronized again. After breaking through 12,000 twice, btc continued to rise, and the others did not rise. Then the btc rebounded and fluctuated, and the other big falls a lot. Consequently, If the btc continues to fluctuate between 10,000 and 12,000, it will give other currencies time to complete major adjustments, and then there will be a buying point; if the btc falls below 9,600, all currencies will undergo a longer period of major adjustments;

BTC: It is not a good phenomenon BTC fallen in the range of 10,000-12,000 in the following day immediately after taking a lot of efforts to break through the range. As 12000 is a very high position, which is supported by all the funds in the market. 12000 not being broken implies that we can buy btc in the near future. I am afraid that there is a long period of major readjustment which has not be experienced in the past half a year.

The last wave from 13900 to 9700 was the biggest adjustment this year, but it took only a short time to recover in one day. The last long adjustment shock lasted about 5,300 in May for a month, but the amplitude was very small, only about 10%. Therefore, the last six months have never been accompanied by a long time and a large margin. 12000 + is the high position of BTC accompanied by lacking of enough funds in the market. As a result, I worry about the large-scale and long-term adjustment. The best situation is that BTC fluctuates in the range 10000~12000, which will lay a solid foundation for the future rising. I have state that for may times. Once the BTC falls below 10000, the support of 9600 can't be maintained this time.

I have not given a higher position after 12000, but the market has given us the highest position of 13900. Now we should pay attention on two positions ,13100 and 13900. Only after both of them have passed can the short-term trend be reversed and continued to soar. Yet, everyone should not be afraid of falling. Falling makes opportunities.

ETH：In the last wave, it fell to 280 when the BTC fell to 9700。 But in this wave，it falls to 260 plus while BTC only falls to 11000 plus. Thus, the next support position is about 220.

LTC：The first support position is about 100-110，the will be 80.
BCH：The first support position is about 330，the will be 285.

Conclusion：
I've only been observing the market without buying or selling. I also told other people not to but BTC at the high price. In the following days, I continue to focus on whether BTC can continue to fluctuate between 10,000 and 12,000. Once 10000 can not support, there will be a substantial adjustment. For us, being patient is the most important thing. This market has never been short of opportunities. If people who buy BTC above 12400, ETH above 310 can be more patient, only waiting for one more day, they will not suffer.

For others, as long as you don't catch up with 12400 + and other corresponding positions the day before yesterday, you don't need to be afraid of adjustment. Deep adjustment will bring at least 20% profit in the short term, and the medium and long term profits will be greater. Now the BTC is still in the 10,000-12,000, and there is no deep adjustment. So you don't worry, there is a real chance, I'm sure it will. Believe me, that's absolutely not a small profit.