1. End candles recorded the lowest weekly $ 10,700. BTC created Dark Cloud Cover candle 1, usually this candle signals a reversal trend. Combined with huge volume, sales BTC lot. So $ 19,891 confirmed last big wave crest increases. Psychological resistance of $ 20,000 actually very strong. Also today and tomorrow is the end of week candle. So, the trend is still down until week Bullish candle created with volume Vol acceptable for the bulls back.
2. Yesterday's trading volume is very large, the dispute is clearly seen when buyers want to pull up the faction faction sell quickly sell down. End day candle candles create neutral. This morning, breaking the bottom BTC neutral candle yesterday. Therefore, the current trend is under huge pressure off.
3. BTC is fluctuating below the boundary between the Bollinger bands should tend always towards the lower band of Bollinger.
4. Stoch is reported corrected sharply as% K and% 2 D located far apart.
5. MACD after shrinking hours are extended, combined with steadily growing Histogram office. This ability will make BTC fall further.
6. MFI 35, investors are still not confident and invest more money into BTC. Trend only increased when the 50 MFI pass.
7. Main ADX is 34, DI is 25, speed of BTC reduced gradually increasing.
8. Tenkan-sen Kijun-sen is below this is very detrimental to the rise of BTC. Tenkan-sen slope is very good, this will create a very strong downward pressure on the BTC.
9. At the 4 hour chart we see that the BTC has broken the uptrend channel green and prices began to fall into a bear.
10 Stoch is signaling BTC will go down
11. MACD 2 lines intersect downward plus growing Histgram office expressed very strong selling pressure.
12. MFI 40, if the investor continues to discharge, the MFI can be about 20.
13. The DI's are 26 and Main ADX ADX is upward, if the hug as now BTC will decrease very strong.
14. Tenkan-sen Kijun-sen has come down and want to exit the current price Kumo cloud, cloud formation green Kumo but downward slope as a trap. Combine Chikou-span is below the price and below the Kumo. This can be concluded BTC will decrease and declined dramatically and targets may be wave C as I analyzed long.
II. Support and Resistance
1. The level of support
- The key support levels: $ 12,000 - $ 11,000 -9500 $ - 9,100 $ - 8,000 $ - 7,200 $.
2. Resistance
- The key resistance level: $ 13,500 - $ 14,300 - $ 15,000.
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 $ 8,500, can go deeper at $ 8,000 and $ 7,200.
IV. STRATEGY
I analyzed for you in the VIP group reference and orientation for today.
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