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. Yesterday's low trading volume and price increases, which foreshadows unsustainable trend. Closing price is still below the middle Bollinger band of candles Daily. Therefore, a sustainable uptrend need closing price of the candle the day lying on Bollinger D1.
3. ADX still not strong violence increase.
4. Stoch is shrinking and has not cut up to create momentum for the BTC.
5. 2 MACD line is shrinking and Histogram are smaller offices and access to 0. This region, tells us that BTC is intended to start rising trend again.
6. MFI 51. Investors are pouring money gradually into BTC. When MFI 50 demonstrates investors are expected BTC will continue to increase.
7. Prices are approaching Kijun-sen around $ 15,300, this makes a very strong level between the border of the Bollinger band is also on this price. Need a large amount of money poured into BTC strong trend.
8. In this region Chikou-span and Tenkan-sen and Kijun-sen are going parallel. Normally this is the profit zone. If prices run up sharply, then the price will also be nice to.
9. At frames 4 hours, we see prices are fluctuating trend in the blue channel. Sideway and wait quite clear when one candle appear green 1 red candles interspersed together.
10. ADX is also signaling sideways so have to wait 1 Shot Break really strong enough.
11 Stoch is gradually approaching overbought 80.
12. MACD is rising trend, but the Histogram is smaller office. This shows us the power increase is not strong.
13. MFI 86, has exceeded the purchase. Often investors will take profits and MFI will fall back.
14. Kumo Cloud has emerged gradually green, Tenkan-sen Kijun-sen is located on the road Chikou-span and was lying on the road and is located on the Kumo price. This shows us the Ichimoku is supporting the rise of BTC.
15. Bollinger on being opened, Bollinger bands between upward and sideways below. This supports BTC increased but due to the slope of the lower bands should not be able to adjust before increasing.
II. Support and Resistance
1. The level of support
- The key support levels: $ 14,150 - 13,600 $ - 12,600 $ - 12,000 $
2. Resistance
- The key resistance level: $ 15,300 - $ 16,000 - 16,500 $ - $ 17,250
III. CONCLUSIONS
1. BTC is in the frame dispute Daily. Need closer monitoring.
2. 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.
3. 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. Strategic
Analysis for reference, the strategy used to illustrate the analysis.
Get Bonus No Deposite in your Trading Account now and add this currency pair to your forex portfolio, enjoy your trading with us!
No comments:
Post a Comment