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 trading volume is relatively large and dominant faction BUY, recorded the highest price $ 15,500 on Bitfinex.
3. On the frame is moving sideways with the Daily BTC wide margin when it appears green candle 1 1 red candle.
4. ADX is signaling BTC are going sideways.
5. Stoch is signaling downward but started showing signs of contraction.
6. The MACD is signaling a downward trend but 2 line has shrunk. Histogram is combined with small office. This is supporting the rise of BTC.
7. MFI 44 still need the cash flow above 50 to confirm bullish sustainability of BTC.
8. BTC is fluctuating below the middle Bollinger bands. Yesterday price between the Bollinger bands approach but did not break well and ended candles remained under Bollinger. A strong trend needs to have prices close above the middle Bollinger bands.
9. Kumo Cloud is showing signs of upward, Kijun-sen and Tenkan-sen parallel, this is a signal Sideway. Prices will often fluctuate between Tenkan-sen and Kijun mid-sen, the price will go around expectations: $ 14,000 to $ 15,000 and waiting for a breakthrough.
10. At the 4 hour goal we have: BTC is fluctuating within the uptrend channel after breaking the trend in confirmed giam.Hien enough Peak - Peak Day-Day higher and higher for the bulls.
11 Stoch is signaling upward trend.
12. MACD bullish signals
13. MFI 72 also signals uptrend.
14. Kumo Cloud blue appears to be a bad signal for bullish Tenkan-sen left Kijun-sen cut up, lines Chikou-span was located on the rating and located in the cloud. This is a relatively bullish signal but not really strong.
Tenkan-sen and Kijun 15.-sen are going parallel, expect the price to suck on this road at 1 in 2 14 150 $ and $ 13,600.
II. Support and Resistance
1. Support levels
- The important support levels: $ 14,000 - 13,600 $ - 13,000 $ - 12,000 $ - $ 11,000.
2. Resistance
- The key resistance level: $ 15,300 - $ 16,500 - $ 17,250.
3. The $ 15,300 strong resistance and support levels at $ 14,000 fine.
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. STRATEGY
1. Up train:
- Station 1: 14 150 $
- Station 2: $ 13,600
2. Get off the train:
Station down: $ 15,000 - $ 15,300.
3. Use 10% - 30%.
P / S: Analysis for reference, the strategy used to illustrate the analysis.
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