1. So a month has passed and candles month extremely strong and close have not seen any signal indicating downward trend will shape a. Therefore, the trend in the frame still up and waiting months breakout appeared 3 months hon.Tren frame support levels: $ 11,650 - $ 10,700 - $ 10,150. The support levels are quite good.
2. End candles created BTC week spinning top candle. This tells us candle sellers reluctant to sell for fear of selling them and buyers do not want to buy for fear of buying too high. Therefore, the neutralization occurs when neither side wins in the past week.
3. With the trading volume is relatively large in the past week. When BTC create neutral candle still have 2 alternatives happens: BTC can be increased from the moment when the sides could not wait any longer BUY and accept the purchase price. Remaining cases, factions start accepting seller to sell at current prices. So if gross 2 weeks candles can create Mother cradling baby candle, this candle tells us the difficulty in trend again. Candle week's closing levels versus the height of the previous candlestick little mineral only 1/10 previous candlestick should no certainty for the bulls back.
4. End yesterday BTC created quite beautiful candle candle when 2 candles gathered together create Pinbar or Hammer candle. However, candlesticks is not under my bed so gravity was not strong enough.
5. Today Chikou-span has access road Tenkan-sen plus price and Kijun-sen are going parallel. So today will be extremely important for the upcoming trends of BTC.
6. On Daily MACD frame, Stoch, ADX, MFI trends are adjusted. However, price is not strong bearish but long time. Therefore, there will be one coming waves of BTC strong cyclical increase - decrease and increase.
7. On the frame 4 hours, we see that the trend of small Trendline was broken, current BTC is in large downward trend. But it also tells us that the downtrend is gradually broken.
8. Stoch signaled rising trend again.
9. MACD bullish signals back.
10. ADX is signaling sideways when Main ADX 27 and DI is 23.
11. Cash flow around 48. MFI was just above 50, the uptrend will return. Uptrend may be small waves first and then gradually formed after the big waves increase.
12. Kumo Cloud is smaller, Kijun-sen Tenkan-sen is located on, Chikou-span is below the price and below the Kumo. This tells us that the trend is still in decline BTC and budding trends increased slightly.
13. Prices are BTC Kijun-sen sandwiched between and Tenkan-sen. If Tenkan-sen crosses Kijun-sen and Chikou-span cut up sugar prices and prices break out Kumo plus Trendline red trend will clearly rise again.
The most obvious trend to increase again in the frame 4 hours is breaking the resistance level $ 15,150.
II. Support and Resistance
1. Support levels
- The important support levels: $ 12,000 - $ 11,000 -10 100 $ - 9,500 $ - 9,100 $.
2. Resistance
- The key resistance level: $ 14,000 - 14,650 $ - 15,000 $ - $ 15,300.
III. CONCLUSIONS
1. BTC in big cycle is still rising. If $ 10,700 is the bottom of this, the expected storms in 2018 BTC will increase the $ 25k $ 35k or higher and Max could be $ 50,000.
2. If the BTC at $ 10,700 is not a bottom, BTC will take corrective wave ABC and point to at least $ 9,500, can go deeper at $ 9,100 and $ 7,200.
IV. STRATEGY
I analyzed for you in the VIP group reference and orientation for today.
P / S: Analysis for reference, the strategy used to illustrate the analysis.
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