1. So we begin the new week 1 and week of BTC candles of appearance is a concern when trading volume over the week was very large and almost SELL factions are prevailed. Usually on every week time frame 1 candles red week and then appear the Green candle, the cycle of rising will be the top and right row. However, after the Red candle appears three weeks ago by the BTC, then continued to appear red and almost no price increase that only large amplitude with sideway. This has made the old rules began being changed.
2. Today the huge trading wage and blocks at first seemingly faction will win but eventually SELL Poker BUY back pulled up and closing price close to ½ the height of the candle, this proves yet faction would grasp the initiative.
3. After the price drop on $12,874 then BTC has finished the session still nestled in green uptrend channel. So, not to appear the uptrend channel should break BTC are still expected to increase in the coming time.
4. The ORGANIZERS maintain the uptrend when the peak-peak and Bottom-bottom. Appeared in 3 foot long stick out from the BTC of proximity under the advance of the trend channel. This shows us that appears under channel trend is the continuous force occurred, BTC buy quite aggressively and pulled back on a downtrend channel ORGANIZER.
5. On the frame Daily still appear the signal tendency in the BTC stage adjusted and trend channel lower asymptotic may be the bottom of this adjustment cycle. However, I have yet to see any signal confirmed that BTC is stayed and continued to lead the way.
6. Consider the ichimoku cloud is seen still green but Span A and B Span of clouds are verticillastrate and do not know what will happen. Chikou span is under cloud-Kumo Tenkan-sen and Kijun-sen on plus the prices are moving in the cloud. So, we can conclude based on ichimoku is BTC Sideway.
7. The price remained below the Bollinger bands between the uptrend should still not be guaranteed.
8. Review on the 4 hour time frame ADX still predicts the sideway.
9. Stoch are embracing and can cut down or round up again from this region.
10. The MACD today has cut down and now also are embracing each other. Just cut up the BTC can increase again.
11. Cash flow of MFI MFI's trend and 59 are still shows us stable flow of money pouring into buying BTC is also quite large.
12. After the trendline BTC has returned to Backtest trendline on the H4 is very clear when the 2 duplicate each other at the lower Bollinger bands.
13. Zigzag wave current of BTC are formed quite beautiful. Look through we could see Early model BTC 2 shoulder dislocations and essential to BTC increased sharply back is breaking Necline and best model broke the resistance level is always $14,600.
14. Bollinger is shrinking and if BTC increased then also met little resistance from Bollinger when 3 lines are located quite beautiful.
15. the Ichimoku trend advocating the increase of BTC on H4.
II. LEVEL OF SUPPORT AND RESISTANCE
1. Level of support
-The critical support level: $13,000-$12,200-$11,000.
2. Resistance levels
-The critical resistance level: $14,000-$14,900-$16,000-$17,000-$18,500-$19,450-$24,300.
3. Note that the resistance level: $14,900. An important support level at $13,000.
III. CONCLUSION
1. The current trend is Sideway. trade experience of ourselves, the BTC in this region will rise again then will match more global.
2. My system attached to the picture still in uptrend when not appear red arrow. Combined with other data, at this point the ORGANIZERS still have not escaped the uptrend channel. Case Break the uptrend channel I will analyze and update later.
3. short term trend may increase the resistance level: $17,800-$18,500-$19,450-$24,300.
4. long-term trends of BTC can increase the resistance levels:
$25,500-$34,700-$49,500.
P/S: the analysis is used to refer to the strategy, used to illustrate the analysis.
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