1. Only today another candle will end the week with the trading volume over the past week. So this week's candlestick ended will affect quite large to next week. This week, the highest candle $ 16,329 and the lowest was $ 12,639. Thus, if a larger candle BTC closed half the height, the new trend is good for weeks, if not will create downward pressure for the next week. So, this week requested candle closed above $ 14,500 will support the upward trend next week.
2. Yesterday ended the session BTC create green candle but with no increase volumes and factions BUY overwhelming incompetence, the gains remain unsustainable.
3. BTC oscillations in the blue uptrend channel and if nothing special happens in the coming period, the BTC will increase to reach asymptotic on the uptrend channel at $ 19,500 project on time 20-22 / 01/2018 and according to Time, the BTC line will reach around $ 18,000 resistance on 19-20 / 01/2018.
4. The price fluctuated between the lower border of the Bollinger bands should trend Bollinger has not been supported. However, 3 bands are moving sideways and if BTC will increase a lot easier when the road is no longer slope as before.
5. ADX indicates the trend is moving sideways and waiting for a breakthrough in the near future when the ADX Main was down around 20 to prepare for the new cycle 1. Cycle of upward while ADX remains Trend DI + still dominant compared to Trend DI.
6. Stoch cut down when the two sides are not buying and selling should know how to follow the path to the right.
7. Cutting down MACD signal correction Histogram office yesterday but have smaller columns earlier date. This is a small part of the destructive pro selling pressure.
8. MFI sideways and is currently 36.8. The cash flow is not flowing into BTC.
9. Kumo Cloud is cropped ominous start for BTC. Prices are going in Kumo shows us BTC is sideways, Chikou-span is below the price and above the Kumo so-called trend adjustment. There is a good signal emitted from Ichimoku Tenkan-sen is cut and Kijun-sen is located on this can downtrend has destroyed most of the two roads intersect. If called Ichimoku is 100%, we have about 55% -60% BTC will continue to increase.
10. On the 4 hour time frame after BTC increased slightly from the bottom of the Bollinger met huge slope. This creates tremendous pressure on the upward trend of BTC but today Bollinger has passed and no longer slope. If today BTC increased still may not like yesterday.
11. Break the trend line BTC has decreased and is now outside but essential to the BTC BTC rose again to break through resistance at around $ 15,000 to form the Peak - Peak higher and higher bottom on H4 Day.
12. Price was on the border of the Bollinger bands on Tenkan-sen plus cut and Kijun-sen is located on Chikou-span but is still below the clouds under increasing price trend is still not strong enough until BTC break through resistance $ 15,000 range. Kumo regions around $ 15,000 are very thin and easy to penetrate, so I still expect the MOF to rise again today to ensure the upward trend in the coming week. If today BTC does not increase and closed lower candle may appear weeks after negative signal.
13 Stoch is trend will continue to increase.
14. MACD BTC will increase expectations in today.
15. Cash flow MFI 62 and have pretty good slope. BTC week so the frame is being pushed into pretty good cash flow.
16. Considering the amount of between 2 factions Vol week the BUY side still prevailed. Ie have not seen capacity collect and discharge.
17. After the break has not yet Backtest H4. So may need to add one bit of power from Backtest trend line before BTC may rise again.
18. If BTC latch today on $ 14,500 and then down around 13 750 $ -14 000 $ and reversal pattern formation Shoulders Top 2 will reasonable uptrend next week.
II. Support and Resistance
1. The level of support
- The key support levels: $ 13,500 - $ 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 - $ 13,500.
III. CONCLUDE
1. BTC increased again when approaching the blue uptrend channel and on frames 4 hours has confirmed more than 50% will increase. 4 hour trend on the representative frame trend is growing pretty good week. Need candle today ended on a $ 14,500 security for weekly trend up again. Need to break the resistance level of $ 15,000 to ensure that BTC will continue to conquer new heights. Candle week ending case is not good and bad signal I will analyze later.
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.
3. Short-term trend may increase the resistance follows: 17,800 $ - 18,500 $ - 19,450 $ - $ 24,300.
4. Long-term trend BTC can increase the resistance follows:
25,500 $ - 34,700 $ - $ 49,500.
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