1. Yesterday the huge volume and the amount of strong selling BTC. Closing price closes below the neckline just inside the uptrend channel. According to my experience, it is the 3rd time this test after BTC creates Bull kept prices generally trend channel from the 4th test and older will more or fractured.
2. Currently BTC still fluctuating in the blue uptrend channel. After cycle 3 red green candle mixed and constantly changing while lying on the middle and lower Bollinger bands between the BTC as is sideways with wide margin.
3. 3 boundary of Bollinger are showing signs of gradual beautiful than the slope that was previously created. So, the trend is still rising until BTC can break the uptrend channel. Bands no longer falling on again and if the price increases, the bands on opens.
4. Stoch are hugging each signaling channel Proximity is a sensitive trend of the market.
5. Histogram MACD cut down and the rise office signaling the downtrend is dominant.
6. Cash flow MFI 35 tells us that investors were pretty much exhaust. When cash flow is greater than 50 then the new BTC may increase.
7. Main ADX is 24 and DI is 26. Prices are falling but no support forces. This tells us that the BTC reduce but not firmly. Down cycle of the Main ADX is DI. So we are still waiting for one cycle of price increases after the DI + DI + DI engulfed.
8. Prices are moving in Kumo make BTC go sideways. BTC has yet vibrant red Kumo Kumo and has not appeared. Tenkan-sen today and Kijun-sen was hugging, usually if the downward trend Tenkan-sen Kijun-sen have underlying and the greater slope will create a strong trend. However, two lines are hugging each other and if we plunge along the BTC will be down very sharply and reverse them and climb the BTC will increase strongly. Besides, Chikou-span is below the price but on Kumo should trend is said to be adjusted.
9. On the 4-hour time frame, BTC is being supported ADX ADX dropped sharply when Main is 38.5 and DI is 29.5. However, it has emerged gradually weakening signal is generated when the DI lower mountain.
10. awaits Stoch cut up after falling on the oversold area.
11. MACD is enough time line and wait waves rise again anytime. Combining MACD and Stoch us will have one waves back soon increase. If BTC break $ 15,000, the bull is going back to orbit.
12. MFI 40 Cash flow cash flow increased just over 50 BTC will quickly rise again.
13. On 4 hour time frame Bollinger and Ichimoku is very bad. Therefore, creating downward pressure on the BTC.
II. Support and Resistance
1. Support levels
- The important support levels: $ 13,000 -11 000 -12 200 $ $.
2. Resistance
- The key resistance level: $ 14,900 - 16,000 $ - 17,000 $ - 18,500 $ - 19,450 $ - $ 24,300.
3. Resistance to note that: $ 14,900. The support level at $ 13,000 important.
III. CONCLUSIONS
1. BTC is located just below the neckline of the blue uptrend channel. So if BTC increases must rise from this position also not break the trend channel BTC will rise and fall with the waves of Elliot C. Therefore, we still expect that BTC stays and oscillations in the amplitude of the uptrend channel.
2. My system attached picture is still bullish. Combined with the data, at this time BTC still has not escaped the uptrend channel. Where the uptrend channel Break I will analyze and update later.
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.
P / S: Analysis for reference, the strategy used to illustrate the analysis.
P / S: Analysis for reference, the strategy used to illustrate the analysis.
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