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 nothing special when moderate volume and BTC sideways. However, there is one thing worth noting is Chikou-span was under way to create more downward pressure on prices for BTC.
3. BTC after escaping small downward trend, current oscillations with very small amplitude. Prices go sideways and be firm around $ 13,500, the BTC seems to increase again after the discount period.
4. Stoch signaling growing trend back
5. MACD line has crossed 2 and is upward.
6. MFI 75, investors are pouring money into but that is just a small investment, the price of BTC almost no increase when the MFI is increasing.
7. BTC ADX is going sideways newspaper.
8. Kumo Cloud is flat, Tenkan-sen and Kijun-sen is usually located above the first signal uptrend.
9. Chikou-span is below the price and below the Kumo. Thus, the downtrend is still predominant.
10. On the frame 1 hour is for the bulls back after the signals are in favor of increasing the $ 14,300 and $ 15,000 higher.
II. Support and Resistance
1. The level of support
- The key support levels: $ 13,300 - 12,000 $ - 11,000 $ -10 100 $ - 9,500 $ - 9,100 $.
2. Resistance
- The key resistance level: $ 14,000 - 14,300 $ - 15,000 $ - $ 15,300.
III. CONCLUSIONS
1. 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.
2. 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.
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