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's trading volume was quite weak when BTC confirm $10,845 's lowest and highest achieving $11,734 (figures from the floor Bitfinex). Trading was not large and the ORGANIZERS create neutral candles. So, if looking at candlestick today then we don't confirm anything yet, just know that there are factions would dominate.
3. Review the Daily chart we see that the ADX is creating lower mountains but the ADX is 32 and DI-are still 26 priority for downward trend.
4. Are the sale too Stoch and could embrace each other. So, the downward trend is falling on the stage difficult. Can the BTC upcoming will rise again.
5. the 2-line MACD is shrinking and Histogram space is smaller. However, the Histogram space yet is on 0 should not form the uptrend but could force the sale are eventually fades.
6. MFI are 41.38 and forming trend increase but it is essential that the MFI must rise above 50 confirm new waves rise.
7. So, if using measured wave Stoch + MACD + upcoming MFI just cut back up the MACD BTC will continue to increase.
8. the Ichimoku are creating reduced pressure to BTC when Kumo cloud red and prices are located below the clouds, combined with the Tenkan-sen and Kijun-sen is under the Chikou span is under-pricing should be lower still. However, the chikou span is forming-wave model should increase if BTC increased slightly back reasonably well.
9. Looking at chart D1 we see logic 2 red 2 green candles. So, if the ORGANIZER today create 1 red candle is also normal.
10. Bollinger D1 pretty bad when MA20 are fairly large and 2 slope boundary of Bollinger bands is shrinking.
11. We consider the chart H4, 3 lines of the indicator ADX is shrinking and are under 20 should the trend on the 4 hour is sideway.
12. Stoch confirmed uptrend.
13. The MACD confirms the uptrend.
14. The MFI are 56.8 confirmed uptrend.
15. Looking at the clouds cloudy future seen in Kumo Kumo very thin and with the current cloud should thin the BTC also can rise again today when this cloud easily. Tenkan-Kijun-sen was on the shower but still lies under clouds Kumo should support BTC increased slightly. Chikou span is road-pricing and under clouds and cloud should thin Kumo Kumo if BTC increase also would be easier.
16. Bollinger is shrinking, and there are signs the bottleneck, 3 parallel paths so if BTC increased forward will also be supported.
17. Yesterday the BTC broke the downward trend channel around $11,300 and back to Backtest around $11,000.
18. Points are $11,734 and drag the technical signals are supported. If the ORGANIZERS closed the candles on the $11,734 will continue to trendline and $12,650 approach.
II. LEVEL OF SUPPORT AND RESISTANCE
1. Level of support
-The critical support level: $10,500-$10,000-$9,200.
2. Resistance levels
-The critical resistance level: $11,900-$12,650-$13,000-$13,850-$14,200-$14,900.
3. Resistance levels that need attention are: $11,900-$12,650-$13,850-$14,900. An important support level at $10,500-$10,000-$9,200.
III. CONCLUSION
1. The ORGANIZER may rise again today and the nearest goal is $11,900 and if the Break through the clouds, the BTC Kumo has the ability to reach higher and $12,650 at $13,850-$14,900.
2. 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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