1. Yesterday the huge trading volume represents the highest price $ 17,709 $ 15,500 down low. Daily candle shows us the dominant faction SELL in the present time. BTC has 4 consecutive red candles and red candles expectations 5 is entirely possible.
2. The goal of this approach in 15,600 $ close today as a very high probability the current price is trading BTC is 16 447 $.
3. On the Daily frame, BTC after the end of the candle yesterday's closing price is below Tenkan-sen will often gravitate towards Kijun-sen at $ 14,300.
4. Stoch on the Daily chart signal appeared adjustment.
5. Histogram MACD has 2 offices located below 0 and MACD line has cross, signaling a deep discount cycle.
6. Cash flow MFI is 51.8, just a little further down the price appears investors continued discharge of BTC.
7. Often when a trend adjustment will touch at least 38.2% fibo. So BTC approach $ 14,300 is almost would have in a few days.
8. We went on 4 hour chart analysis, adjustment and signaling Stoch is approaching oversold territory.
9. The MACD line is expanding. However, head-Histogram is shrinking gradually increased little newspaper down effect gradually.
10. MFI is approaching the 20th and is currently trading 23.9. This forecast will soon have one small waves increased in the 4 hours chart. Usually when MFI below 20 BTC will increase marginal rates between H4 Bollinger bands.
11. 27 Main ADX, DI + 24.35 signaling bearish trend is still quite strong.
12. Price BTC did break out of the blue uptrend channel. Therefore, the trend continues to fall as appropriate.
13. Kumo Cloud has changed color from blue to red, the price is in the region Kumo signaling sideways. Tenkan-sen Kijun-sen was under it, plus Chikou-span is below the price. Synthetic Ichimoku shows us downward pressure on prices will likely continue.
14. We will wait for the formation of Head and shoulder pattern in this region if the price can rise slightly and created some right and then break the neckline to confirm bearish depth of BTC. $ 15 630 cases dealt bottom will form the bottom - lower bottom and wait for adjusted peak - lower peak to complete the downside wave.
15. Bollinger bands are pointing down and the slope is very good, the upper and the lower shrink opens. This continues to create downward pressure on the BTC.
II. Support and Resistance
1. The level of support
- The key support levels: $ 16,000 - $ 15,300 - $ 14,100.
2. Resistance
- The key resistance level: $ 17,000 - $ 18,000 $ -19,400
III. CONCLUSION
BTC in big cycle is still rising. However, in the present time is in the cycle BTC adjusted. The level adjustment occurs is at least $ 14,300.
IV. STRATEGY
1. Require strict capital management. Using a 30% return, this area has yet to areas we can HOLD long. When approached about the BTC HOLD strategy will embrace BTC and not sold.
2. Strategy 30% today share capital amounts to 3 parts BTC trade and buy at 3 locations:
- Buy 1: $ 15,300.
- Buy 2: $ 14,300
- Buy 3: $ 12,800
3. The profit:
- Profit 1: $ 16,500
- Profit 2: $ 17,000
- Profit 3: $ 17,500
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