1. Just finished last week, still Bullish candle week. However, prices rose but looking at the BTC volume increased last week is not strong enough to overwhelm faction faction BUY SELL.
2. Yesterday after 5 green candles appeared one red candle, adjust as necessary. However, if today's bearish candlestick formation on the Daily 1 again, the upturn will be weakened. So today BTC needed to pay $ 16 213 candles on to ensure strong momentum will continue.
3. ADX is signaling sideways.
4. Stoch is increasing trend of new BTC was formed.
5. MACD line has crossed 2 and signal uptrend.
6. MFI 61, the cash flow is flowing into BTC. BTC expectations will continue to rise in the coming period.
7. On the Daily chassis makes $ 15,300 support level is hard.
8. The Tenkan-sen had Ichimoku Kijun-sen under Chikou-span and are located close to the price. This is creating downward pressure on the BTC. However, prices remain above the Kumo and red should not appear cloudy uptrend remains a priority.
9. Considering the frame 4 hours, following the trend Peak - High Peak and here - this is higher BTC bullish. Temporary upward trend will be broken when the closing price is lower than $ 14,000.
10. BTC lying on Kumo 4 hours, Chikou-span lying on the price and on the cloud, Tenkan-sen Kijun-sen is located on. So Ichimoku is supporting the uptrend of BTC. However, thick Kumo is an unfavorable one.
Stoch 11. BTC is adjusting signal.
12. MACD is cutting down signaling the adjustment in the current phase, 2 line MACD is above 0 and Histogram growing office. If possible, wait cylindrical lower shrink Histogram consider in order.
13. Cash flow MFI 41 on 4-hour bracket investors are drawn down amount of BTC held.
14. If BTC maintained above $ 14,000, the trend is still guaranteed.
15. BTC is swinging in the blue uptrend channel, point Kijun-sen support is at $ 15,700 and 50% Fibo support. So the $ 15,700 and $ 15,300 is a pretty good level of support for the uptrend of BTC.
16. Bollinger bands below $ 16,000 were up close and slope between the Bollinger bands is quite good. BTC will increase the expected still in today.
17. On the 1 hour Time Frame line adjustment was quite long. So today will appear 1 waves increases. BTC has increased expectations and closing day candle green candle will create one suitable for the bull back of BTC.
18. On the frame we see after the Daily Break Resistance $ 16,500. BTC not reach 127% fibo well. So we always preferred to be at least 127% fibo and may be higher. Therefore, the current bull BTC is appropriate.
II. Support and Resistance
1. The level of support
- The key support levels: $ 16,000 - 15,700 $ - 15,300 $ - 14,700 $
2. Resistance
- The key resistance level: $ 17,800 - $ 18,500 - 19.450 $ - $ 24,300.
3. Resistance to note that: $ 17,800. The support level at 15,300 $ important.
III. CONCLUDE
1. BTC has officially entered the uptrend and confirm the $ 10,700 is the bottom of this correction.
2. Short-term trend may increase the resistance follows: 17,800 $ - 18,500 $ - 19,450 $ - $ 24,300.
3. Long-term trend BTC can increase the resistance follows:
25,500 $ - 34,700 $ - $ 49,500.
IV. STRATEGY
1. Climb aboard at the support level: $ 16,000 - 15,700 $ - 15,300 $ - $ 14,700.
2. Get off the train at the resistance levels and depending on who holds the short or long trend that select resistance levels accordingly.
3. The support of most on board: $ 15,000 - $ 16,000.
P / S: Analysis for reference, the strategy used to illustrate the analysis.
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