I. CHART ANALYSIS MN1 (JUN)
1. End of the session yesterday, making candle month BTC. One candle is lower than the lowest price the lowest price candles previous month and the highest price does not pass the previous candle. Therefore, considering we saw candle candle This creates enormous pressure down to full market close when the closing price of the candle opening price the previous month.
2. If we pair two candles including candles and candle months earlier months in January just created, we see a real risk embraces the whole market when combined create 2 candle candle and a candle star Shortting but on very long shadow and small real body. Investors not proved earnest with this market more when they accept discharge BTC.
3. Observed globally on May candles are created when the upturn starts green matter whether the red candle candle months are closed outside the Bollinger bands. But this month has closed candle is entered in Bollinger bands. I do not want to say the next time will be extremely difficult for the market or sharks has created this. However, considering the technical aspects are truly candles months saw container creates a lot of risks on the market.
4. Considering the entire candle months we see red every 1 month then quickly rebounded BTC and create green candle next month. So, if in February the red candle months continued market is seen as very likely to fall very sharply and priorities between the MN1 Bollinger bands around $ 3,800. If this happens, the worst thing possible would come. February case created green candles and candle close above $ 11,800, the upturn will come back and BTC and the whole market will prosper in the coming months of 2018.
5. Usually in a strong uptrend and closing the candle appears price is down in the Bollinger bands we if ordered, you can watch the upper price of around 11,800 $ Bollinger to out commands. To secure profits and limit risk. Hold the odds you can watch BTC around $ 11,800 for the down or off depending on the risk tolerance of each person.
6. In terms of MN1 ADX wave we see that the downward trend has not yet been formed. BTC is sandwiched right Trendline price of DI +, if Break is still one bull to create 1 peaks higher or lower than the previous but will pull back a BTC increased about something. However, this is the candle months so it will be five-time representation.
7. Stoch after approaching overbought cut and adjusted to fall back but the intersection is still located above the overbought 80.
8. At the MACD Histogram we see that pillar of office in January was lower than the month Histogram 2. This is creating downward pressure on the BTC adjusted.
9. Cash flow MFI after pouring into too strong and overbought, sometimes as high as 98.66 and currently hovering around retreated about 78.
10. We go at Ichimoku indicator, Tenkan-sen Kijun-sen is still on and the skies along Chikou-span still favor the rise of BTC. However, 2 of the blue cloud boundary is flat with the Tenkan-sen and the Kijun-sen passed in conjunction with the closing price is down in the second main line this road so if BTC still clamped around $ 10,100 -10,800 $. This month the price could hit $ 10,800 $ -11 800 will then decide. In my opinion, the price of 10,800 $ to 11,800 $ we can look to the less command and next time we will trade recovery wave follow the tutorial in the Group and so in February to create finished will have more direction according to the. If candle February strong enough to continue the bullish BTC year, we can not too late to Hold. Worst case occurs when the police approached Histogram cylinder 0 and 2 line, the MACD cut back on around 3 BTC. 800 $ is really bad. So, you just manage your account risks for sure. Sharks can also create this to force us to discharge. However, we do not think much just follow the market candle and take action as appropriate.
11. If a red candle happen next and pressure plummeted, the BTC will be the most important point is around $ 5,000. I do not dare think that BTC will decrease so much but Crypto market is still too young, so I have given this warning. The most important is still the candle next month how to create.
12. The cycle of economic crisis 10 years 1 time has come. If the economic crisis in 2018 led to market Crypto bad things happen, it will be reasonable. However, I personally think that the market is still relatively young Crypto should hope will survive longer.
• Conclusion: Thus, recent months have placed candles create BTC and the whole market in Hazard area. Likely to fall further and fell sharply in the coming period and also shark created to force us to discharge. So, in February this candle will be extremely important for the trends 2018. However, the global review of technical analysis that I have used all these indicators as well as their knowledge to make statements in view individual points. You can consult and make decisions themselves tubers.
II. WEEKLY CHART ANALYSIS (WEEKLY)
1. Looking at the chart, we see opportunities week many months rather like charts. According to Elliot, the wave from 2980 $ to 19 891 $ as wave 3 wave 5 and not as people think, such a simple wave is wave 2 go 4 will go complicated. Standard wave 4 should not be allowed to lower crests $ 1 in 2980. Therefore, wave 4 can continue to go sideways trading could reduce to around the 61.8% Fibonacci level at $ 9440 and at 78.6% lower at $ 6599. At the 6599 $ will have a lot of buying power there. And so, if BTC is not quickly increased again in February, the BTC can be adjusted to create the wave 5 truncated. If wave 5 truncated then fall on ABC BTC adjust and probably the worst thing happens when BTC with its real value. So if BTC is also the nothing special.
2. Considering Bollinger bands we see under increased on 0, and no sound anymore, Bollinger on Bollinger is cropped and between the upward slope is very good. The slope of the middle Bollinger bands are close to Fibonacci 61.8% at 9440 $ and 9835 $. So, if we consider the BTC Bollinger bands will hit the middle and turned on.
3. Ichimoku is supporting the uptrend when the Tenkan-sen Kijun-sen is located on Chikou-span and are located on the shelf and on the Kumo. Kumo is also geared up green. So if we look only at the price of around $ Ichimoku fibo 61.8% or between Bands can call the bottom of the BTC in this correction. If February is strong enough to continue to conquer new heights or this February, the organizers will have 1 bad batch under wave 5 truncated pump up again and about the real value. So, the next time we will follow the BTC more and more analysis to find out which direction is consistent with the market as well as manage risk and increase profitability.
4. At the ADX us 2 DI + and DI- lines are under 25 should signal Sideway. Waves reduce impulsive wave is forming and DI + was break up the upcoming rally will be one of the DI + to create a lower peak in the wave ADX. ADX is 41 so if dropped would rapidly decline and vice versa.
5. Stoch did intersect or less after approaching overbought 80 and currently reported BTC decreased.
6. New MACD crossover goes down, head-Histogram is below 0 and also just happen. So BTC touch Bollinger between normal and can be lowered further if the office is constantly under 0 Histogram and gradually.
7. MFI is close to 50 when it is fluctuating around 51. Cash flow exhaust too strong after BTC approach plugged into the 80 and 51 hours only hope that MFI will around 50 and rebounded to Backtest trendline of MFI when pulling BTC rebounded at least around $ 10,800 or $ 11,800 higher.
8. A good sign when BTC closed last week on $ 11,000 candles and the general trend will be prioritized approach $ 14,500. Request this week BTC closed candle above $ 11,400, the uptrend back can be more powerful.
• CONCLUSION: On the Weekly chart still positive look at Ichimoku support increased $ 14,500 but the MACD crossover just go down and other technical indicators are not beautiful. Looking at the chart the week we see if BTC confirmed bands around the middle or bottom of the Fibonacci 61.8% is also reasonable but can not increase again. If BTC sideways for a long time around 9440 $ -13 400 $ would be more reasonable. Thus, if sideways or lower will be preferred. Candle last week closed above the Kijun-sen should expect that this week closed below 11,400 $ BTC not to pull BTC can reach $ 13,400. This week closing candle is also extremely important. So we also have to follow each price movements and news will happen in the future.
III. DAILY CHART ANALYSIS (DAY)
1. BTC is fluctuating in the red downtrend channel. BTC after approaching 127% fibo around $ 10,000 appear immediately buying. Zigzag wave cycle, after modeling the wave peak of 127% bottom around $ 10,000 would be reasonable for the correction back. Channels tend not touch 3rd So the next time the organizers will increase back to test the neckline on the expected downtrend channel around 12 850 $ -13 200 $.
2. Yesterday BTC has created green candle with quite large buying volume. So today BTC expectations may rise again around $ -10,975 $ 10,800.
3. At the Ichimoku like yesterday Ichimoku signal no signal BTC will increase the Kijun-sen only have one little sideways and gravity about $ 13,200. This attractive force is not strong when all are below the Kumo.
4. ADX is 35 and DI 29. The downward pressure is still very strong BTC when higher DI mountain mountain before to create the next decline and ADX are now signaling upward momentum if maintained will decrease quickly plummeted.
5. Stoch after round 1 bit, then crushed and generate low intersects create downward pressure for MOF.
6. MACD and Stoch cut back signaling downward trend continues. However, MACD and Stoch is very low. Hopefully there will be one waves up slightly to pull back slightly BTC on asymptotic upper trend channel.
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