Bitcoin / Tether USD

Surge shows up! Markets analysis on 2020/4/30

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The whole markets jumped during the past hours, BSV Index was up 20 percent and BTC broke the high $9000 indeed, which is only one step away from 10 thousands position. MACD showed a golden cross on the daily chart with large opening and significant volume, long position still lead the head. However, divergence start occurring on the 1-hour line which indicates there’s still need a call back after the surge. Pay attention to the $8400 supporting point and take a long position at the dip.

ETH climbed at $220 then began to fell, MACD moved to dead cross and also came out with divergence apparently on the 1-hour K-line which shows the rise is disordered and request a callback. Focus on the $210 supporting area and continue to take a long position at the dip.

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