Best Forex System Download : ANALYSIS BTC / USD DATE 02/07/2018

I. DAILY CHART ANALYSIS (D1)

1. BTC yesterday after plunging down from the highest level down to 6000 $ 7880 $ created panic and closing session BTC yesterday quickly rebounded and closed at $ 7678 recorded data on Bitfinex floor.

2. With trading volume yesterday very large enclosed back price increases. This is really good for the BTC after going out from the top of wave 5 and wave retreated under ABC correction and stop Fibonacci support at around 161.8% support. Thus, the wave C may say completed and upcoming waves of 2017 Elliot might be the wave 1 and wave in this ABC would be considered corrective wave 2 of a larger trend. So if actually wave 2 is finished, the goal in 2018 to reach 28,500 BTC can be higher at $ 42.000 $ 65.000 $ and near max (If the Game is not Over).

3. According to logic as the previous analysis, the BTC going 1 red and green 2 This cycle has the 4th should probability the next two red candles are not high. Especially you shed Vol will see that the candle green earlier vol very low and faction BUY insufficient gain the upper hand in the candle just created yesterday completely overwhelms faction SELL after BTC rose from the bottom up in 1880 $ approximately 31%.

4. Candlestick last week break between the Bollinger bands. Therefore, the priority has always been toward the middle Bollinger bands W1 when MA20 huge slope. Maybe the organizers will hit $ 9900. At $ 9900 this area was resistance bands between D1 Kijun-sen with converging there. Therefore, the decision to increase or trend does not depend on this weekly candle closes above the middle Bollinger band of D1 or not. And especially in February this candle has closed above the upper monthly Bollinger bands W1 or not. Really trader who must observe more and just decisions when perceived trends and positive arguments for trends as well as finding a good position to enter commands.

5. If we consider the wave Zigzag ZZ completed 5 wave after wave C reached 161.8% and reached 200% last wave Fibonacci.

6. If we have included 2 candlestick yesterday and the day before yesterday, it will create pretty good with the ball candle Pinbar bottom of the candle very long. You see the trap of green candles on the day 31/01/2018 and 03/02/2018 D1 was built quite elaborate and also green candle yesterday and fear again embraces. However, when we scrutiny Vol and some other techniques as I said earlier as not Break through 5400 $ and you will find candles yesterday really well rather than bull trap as the candle before.

7. The correction of BTC 6000 $ in 5400 $ -8000 $ slit up the waves are waves acceptable in the long-term trend of adjustment.

8. The technical indicators are forecasting trends continue to decline but Stoch was on the oversold area. Head Histogram has shrunk shorter than the previous day, especially cash flow MFI has about 19. The money has been exhausted and waiting pumped into BTC can strongly to fly high and far. However, after a strong downtrend, the BTC unspeakable increase is rising quickly. BTC sideways or sideways need some time to accumulate before power can rise again.

9. Considering the small H1 chart we have not yet seen any reversal pattern after BTC established in 6000 $ Bottom. So, at least in the MOF must complete Head and shoulder patterns or Double bottom in this neighborhood.

10. On the chart H1, H4, D1 will not appear under the technical trend-making higher highs and higher Day-Day. Therefore, the organizers need now to increase slightly and walked to force a time area and reduce the slope of the cluster of candles before it can rise again.

II. Support and Resistance

1. The level of support
- The key support levels: $ 6650 - $ 6272 - $ 5000.

2. Resistance
- The key resistance level: $ 7960 - $ 8800 - $ 9000 - $ 9900 - $ -11 400 $.

III. CONCLUSION:

- Thus, the organizers have created around the reversal candle predict huge volume enclosed to ensure certainty. In particular, a rise of 31% of BTC yesterday was very strong. However, BTC increased rapidly and sharply next is very difficult. The necessity after a wave decline is passed to an area before force can be increased again.

- On the time frame has not yet appeared out peaks should not broken downtrend and uptrend yet formed. With the trading volume and the BTC reversal candle remains in the wave decreases and it is necessary to create a reversal pattern on H1 framework to ensure the safety of those decisions ahead of you.

P / S: Analysis for reference, the strategy used to illustrate the analysis.