1. Yesterday the huge volume of transactions and the breakout of BTC really strong when buying volume dominate. Trading volume plus price increase confirms strong bearish bottom is $ 10,700. Thus, from this upward trend has formed, and we expect this wave will bring BTC to a new peak.
2. ADX remains bullish signal not very strong.
3. Stoch are hugging each other and cut up very high probability.
4. MACD Histogram has cut up and the offices were located on the BTC 0. This confirmation came on uptrend cycle.
5. MFI 60, investors are pouring money into the BTC and the expected strong BTC would have gained strongly in the coming period.
6. There is a strange thing and Kijun Tenkan-sen-sen has not cut up and going parallel. This can be pulled BTC buy beautiful area at $ 14,400 - $ 15,300.
7. Chikou-span lying in prices combined with Kumo is pulled up on the strong support of BTC momentum.
8. On the frame 4 hours we see the signals supported the uptrend of BTC
II. Support and Resistance
1. The level of support
- The key support levels: $ 16,500 - 15,500 $ - 15,300 $ - 15,000 $ - 14,300 $
2. Resistance
- The key resistance level: $ 17,000 - 18,500 $ - 19,450 $ - $ 24,300.
III. CONCLUSIONS
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 level of support.
2. Get off the train at the resistance levels and depending on who holds the short or long trend that select resistance levels accordingly in the conclusion.
3. The support of most on board: $ 15,000 - $ 16,000.
4. It is possible to earlier in Bollinger between H1 and start around $ 15,000 DCA about.
P / S: Analysis for reference, the strategy used to illustrate the analysis.
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