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 BTC were pushed down $9,900 then appeared rather large purchase forces and then the BTC increased sharply back and reached highest level at $11,427 and ended the session today at $10,811. So, if we compare the price Open yesterday $10,779 and ends at the $10,811 candles about a negligible difference. So, can see as the candles today is DOJI. So, if considering purchasing power today not have party prevails. However, with the trading volume today was quite good and the selling side can not pressed to be more powerful. So, according to my experience, then the probability of BTC plummeted under the candle is not high.
3. you look closely on the recent candle 10 BTC down around $10,000 then constantly appears very large purchase forces and pushed up pretty strong Increase of BTC. This we can predict is the BTC were collected around $10,000. Constantly have the pressed lightly to gather around this price. So, in my experience, the BTC is difficult to get lower rates $9,200 whether downward trend is very clear.
4. All the technical indicators on the Daily chart are forecasting the BTC will continue rising.
5. The ORGANIZERS are vibrations in the Red reduced trend channel. Today the ORGANIZERS return to reach the 50% fibo-61.8% around the $10,000 price-$10,600 and is currently proceeding to prepare created mutation. If price still remain on this region to create the cumulative then the BTC will probably rise again today.
6. The other day ORGANIZERS broke the downward trend channel. However is False break but it was a sign to us that BTC can increase again at any time when the asymptotic approach on the trend of the channel again.
7. We consider the H4 chart, ADX is 28, DI-is 25. That ADX still supported the downward trend.
8. Report progress and reduction are Stoch on the region too.
9. MACD is hug and Histogram are small contraction back gradually and is preparing to exit the line 0. So, if the BTC increased slightly back, the MACD will cut up and pulled by Stoch supporters because the sale too are Stoch then will increase the signal more clearly.
10. Cash flow of MFI are 45 and are heading up. If the MFI of the BTC increased on the 50, the combination between the MACD, Stoch, MFI will support the uptrend.
11. All the way Bollinger is the plug down. So, Bollinger bands are not supported.
12. The price is below Tenkan-sen, Kumo clouds are located below Kijun-sen and Chikou span are located under the road-price trends signal the BTC are still located in the trend rising. However, the price closed H4 being Tenkan-sen and Kijun double-teamed-sen should go sideway BTC until escape from this region.
13. AC Axis, 1/2018 's is $11,000. So, for the lower price levels will quickly return to the bid to create the balance of the price action.
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: $11,500-$13,100-$14,200-$16,000-$17,000-$18,500-$19,450-$24,300.
3. The resistance that need attention are: $11450-$11,900. An important support level at $9,200-$8,200-$7,200-$6,900.
4. You note: crane, 1/2018 's $11,000 is the ORGANIZER.
III. CONCLUSION
1. The ORGANIZER rise again if broke the downward trend channel and close the candles on $12,000. BTC will at least reach the $14,300-$14,900 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.
P/S: The analysis is used to refer to the strategy, used to illustrate the analysis.
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