1. Candles weeks still 2 days away but close the transaction volume of candles to the present huge candles and play this week is also very important.
2. Yesterday's trading volume was not large and also not as strong push to the lowest point recorded $ 10,647 and $ 11,900 on the floor highest Bitfinex. With trading volume so we can not conclude anything.
3. On the Daily chart, we see that BTC is going sideways when logic 1 appear red candles green candles interspersed 1. Thus, if cyclical, today will appear red candles and green candles appear tomorrow. However, if the BTC appear green candle today and rise above asymptotic test of the downtrend channel is still quite reasonable.
4. D1 downtrend on the chart is very strong when ADX, Stoch MACD strong support. However, there is one point worth noting is the universe is shrinking gradually Histogram correction signal after BTC fell sharply.
5. MFI 23 close approach also oversold. So if the current MFI does not tell what the cash flows have not seen pouring into buying BTC.
6. Ichimoku is supporting the downtrend but look closely we see Kijun-sen is rounding. Normally this would cost the Kijun-sen gravitate around $ 13,200.
7. At BTC on H4 chart, I see a very strong while ADX is 35 and DI + DI lying on the current trend is still in trend decline.
8. Stoch BTC expectations continue to rise until appear overbought.
9. The MACD line is cut up 2 signal 2 trend but this cut line is located below the 0 Should this trend called trend adjustment is reasonable.
10. MFI 65, this shows us that in the week investors BTC is expected to rise further.
11. Cycle rather long and Kumo reduce current cloud is moving sideways, Kumo is thinning. Therefore, the appeal will be increased to increase the priority of the Channel UP asymptotic 12,400 $ -12,600 $ around. In this area will be reaction strong enough or see BTC will weaken as investors take profits. Therefore, this region is extremely important. If enough force break the BTC BTC will create good week for the bulls.
12. Expectations about the recovery wave $ 12,600 - $ 13,000. If BTC in the region and break it will continue to increase and if strong enough via BTC in $ 12,600, the market will be very nice in the coming weeks. Case appears strong selling pressure around the neckline of the bearish channel on the BTC will fall back.
13. BTC prices are fluctuating within the downtrend channel and below the Kumo, plus Chikou-span is below the price and the lower Kumo Tenkan-sen further below Kijun-sen is located should not see positive signs BTC concerned increased during this period.
14. A positive signal is Tenkan-sen and Kijun-sen is shrinking and prepare hugging cut back.
15. The current Bollinger bands are flat and 3-way slope should start gradually eliminated if BTC will increase rapidly if reasonable and sufficient force breaking fast downtrend channel.
II. Support and Resistance
1. The level of support
- The key support levels: $ -8200 $ -7200 $ 9,200 - $ 6,600.
2. Resistance
- The key resistance level: $ 12,400 - 13,000 $ - 13,700 $ - 16,000 $ - 17,000 $ - 18,500 $ - 19,450 $ - $ 24,300.
3. Resistance to note is: $ 12,400 - $ 12,600. The support level at 9,200 $ important.
III. CONCLUSION
BTC is fluctuating in the red downtrend channel. Today can tune up the $ 12,400 - $ 13,000. Then will continue to see enough clearance reaction downtrend channel or not. If not break the red downtrend channel BTC can fall back and to test the support level on.
P / S: 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