1. The past week of very large trading volume and price closed the week in the clamp position $11,000-$14,000. When the price gets sandwiched in this region, the ORGANIZER will sideway. This past week while the candle is red candles but do not see the buy or sell side prevailed when the ball pretty long bottom candle and candle end is located around the Central candle shows us yet faction would prevail. So, if appearing 1 week red or blue candles and low trading volume this week, and closed on the $11,000 candles from 28 to 31/1/2018 ORGANIZER to quickly rise to pull in the candles, BTC increased sharply back to continue conquering the peak new. Bad cases occurred at the end of the candle, I will analyze later.
2. Yesterday after the open price $12,731 BTC constantly rising and almost no ball candles above when the highest price is $12,732. End the session today BTC closed in $11,514 is situated right on the opening price before then. So, if we included 2 candles that together they still have yet to see the buy or sell side prevails. Trading volume yesterday, after the open price appeared very big and juice selling BTC from $12,731 about the lowest $11,015. With the volume down sharply and on reducing the loading candles BTC.
3. While the MACD W1 has not cut down. This week 2 of this line was touching and candles from this 22-28/1/2018 week will decide the market. Plus data available from MN1 candles we see that. In this position if the ORGANIZERS want to keep rising, then will return to expand after the hug and not cut back down. Candles, purchase power is also very large. Therefore, the candles, the BTC priority still rise again. So this week, forcing the ORGANIZERS to boost the new fusion trend falling back to the Organizer after adjustment. I still favor the case falling back of the BTC.
4. On the Daily chart we see are 30 and ADX DI-28. So, the downward trend of BTC are still priorities. When ADX on 25 and move-on the 25, the current trend is strong.
5. Stoch still signal to adjust and has not appeared to signal increased.
6. reduced cycle MACD also quite long however, 2 line MACD is still not cut up. The only cylinder Histogram has the faint signal for uptrend is back.
7. Cash flows are still 29.6 MFI investors to put money into buying BTC.
8. The ORGANIZER still hovers under the border of the Bollinger bands should be priority still downward trend.
9. Swedish Red and still Cloud the BTC price is ranged under clouds and Tenkan-sen under the Codename Kijun-sen combined with closing price is below Tenkan-sen and Chikou span under should price BTC-pressure drop in today.
10. Review the indicators on the H4 chart, we see the ADX and DI-23. Downward trend are stagnated but could continue at any time if 2 lines crossed 25.
11. Stoch are increasing but progress gradually to the region through the purchase.
12. The MACD has cut down around the sensitive region.
13. Cash flow the MFI is 47. Cash flow after pouring into buying BTC shall have when the MFI toward 70 and is currently 47. If MACD and MFI up to rise above 50 cut, the ORGANIZER will likely increase. The remaining BTC will fall back.
14. the Bollinger band H4 is no longer ugly. If the BTC increased the Bollinger bands will support soon. However, we at BTC are ranged beneath the border between the pressure falling still.
15. Consider the ichimoku H4 I saw 2 lines create clouds Kumo is shrinking and seems to want to create a green cloud. The price is in the cloud are Kumo signal sideway. Tenkan-sen and Kijun-sen is located on Chikou span-are located on the price so the ichimoku trend up supported on the H4 chart. However, the ORGANIZERS want to increase sharply to Break are the cloud $12,100-$12,200 in Swedish.
16. Today BTC broke the downward trend channel but not the convergence is fast and falling back. However, that is 1 omens BTC can increase again. After 3 times of asymptotic test on the channel's downward trend. If this time BTC continues to increase and the ability to increase will be very high. So, if the ORGANIZER sufficient Break through resistance $13,100 with the Vol and the technical indicators support the BTC will rise again approached 14,000 $-$14,300.
II. LEVEL OF SUPPORT AND RESISTANCE
1. Level of support
-The critical support level: $9,200-$8,200-$7,200-$6,600.
2. Resistance levels
-The critical resistance level: $13,100-$14,200-$16,000-$17,000-$18,500-$19,450-$24,300.
3. The resistance that need attention are: 13,000 $-$13,100. An important support level at $8,200-$7,200-$6,900.
III. CONCLUSION
1. The ORGANIZER rise again if broke the downward trend channel and close the candles on $13,100. BTC will at least reach the 14,000 $-$14,300 and will probably higher in the coming week.
2. BTC falling back if the light on the $10,000-$10,650. The event ORGANIZERS reduced the powerful can reduce about $8,200 and Max cases will reach $6,900-$7,200. If the ORGANIZERS reduced the $6,900-$7,200 then the BTC will quickly return to its rotation axis for $11,000 price around this price.
3. According to the data available, the $9,200 is the bottom, the very sensible for the long-term uptrend of the BTC. ORGANIZERS in-depth $6,900 reduced case-$7,200 probability is not high. However, with the market fully to this fledgling Crypto there is nothing impossible.
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