1. Yesterday's trading volume increased strongly BTC and sell orders predominate. Ends candle closed yesterday QI activities $ 17,345. Trading volume increases combined with sharply falling prices, meaning factions are taking the upper hand SELL.
2. On the Daily MACD frame start cut. This signal is required of 1 storm. Stoch is also reported adjusted. This time we'll wait at least 3 wave ABC before buying in every hand BTC.
3. On the second frame with a strong resistance in the Daily $ 15,300 and $ 14,100. If today there are 2 this price you can buy now. However, the need to manage capital tightly, as this place is still not where we need to wait to HOLD, points need to Hold still relatively far away. So we still have to buy finished to watch the technical levels to out commands.
4. Histogram MACD on the Daily chart has dropped through the signal 0. This is very good for the correction.
5. On 4-hour chart. Stoch adjust signal.
6. adjust the MACD signal line MACD large as 2 very wide open.
7. MFI 33, investors are flush BTC lot.
8. Main ADX is 23, DI to 32, this tells us that selling pressure is strong but not supported by sharks. So we watch the big resistance levels to buy in gradually.
9. As I analyze some points today asymptotic lower trend channel and the 4th test times will not be sustainable. So we must watch soup buy BTC and drag to out commands.
10. BTC is in the Kumo cloud, clouds begin to form new red. This forecast will be waves coming relatively strong decrease. Forward is needed will come to the group can buy and hold long term.
11. BTC is 78.6% fibo approach. Chikou-span fell through price line. This will lead to very strong BTC will fall in the near future if the Kumo cloud BTC exit and close underneath. However, point Backtest H4 is $ 16,700, there will be soon. In today if BTC is not closed below the neckline of the trend channel, it will rise again. However, looking at everything, the downtrend is dominant.
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
- The uptrend on the Daily chassis MACD line has been blocked. Current prices will prioritize the tests between the Daily Bollinger and lower at $ 15,300 could at $ 14,100.
- Daily MACD cut down, the buy order will not keep long. Buy and order soup out at the technical levels. Or use Bollinger bands between H1, H4 do point out, also can use the RSI, Stoch, ... overbought.
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 divide the amount into 3 parts and buy at 3 locations:
- Buy 1: $ 16,000.
- Buy 2: $ 15,300
- Purchase of 3: 14.100 $
3. The profit:
- Profit 1: $ 17,000
- Profit 2: $ 17,500
- Profit 3: $ 18,000
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