1. Yesterday with huge trading volume with price down sharply from $ 8380 to $ 6651 the lowest was recorded on floor Bitfinex. So with large transaction volumes increase, prices tutoring risks to the buy orders will also increase.
2. Cycle 1 green 2 red candles candle constantly being created and this time was the 3rd So accuracy is almost restricted lot and if BTC still running after this logic will create candles today and tomorrow green.
3. In the 6272 $ -6650 $ is quite strong resistance when the interferometer 2 fibo resistance level of over 2 large frame and the lower trendline.
4. On the Daily chart all indicators are for BTC will continue to decline.
5. With yesterday's candle is created, the experience of ourselves on the look of candles $ 6651 is not the bottom of this round unless candle today closed session on this $ 8185 really difficult. Necessity may be the price dropped to around $ 6272 then pulled up sharply and went sideways leg some time before rising back to more appropriate. I still expect the MOF will establish reversal candle around 6272 $ -6650 $.
II. Support and Resistance
1. The level of support
- the key support level: 6650 $ - 6272 $ - 5000 $ -4400 $ - 3100 $.
2. Resistance
- The important resistance levels: 8000 $ - 8800 $ - 9230 $ - 9400 $ - 9940 $ -11 400 $.
III. CONCLUSION: The downward pressure on the BTC BTC sharply after the bullish trendline break. BTC has about 6272 $ -6600 $ areas is extremely strong resistance area we continue waiting for the reaction in this region. If we continue to break the resistance area appears as $ 5,000 followed by $ 4400 and finally the lowest possible BTC $ 3100 on the day 02.20.2018. Previously I analyzed the day time line is the date 20.02.2018 will peak or bottom. So it is very important dates. That is the worst case scenario could happen. If you do want to make sure they continue to wait. However, I personally still believe around this level BTC to increase again to match the long-term development of the market Crypto because the BTC is declining sharply, the market will get worse gradually and investors will leave and bait will no longer lucrative
IV. EXPERIENCE
1. Thus, BTC has fallen nearly 67% from the peak of 19 891 $. Actually those transactions in this market has felt your account greatly reduced. If Slim BTC, fell less, then the top 1 then the altcoin top 2, top 3, then you see the horrors of the market.
2. Before I say: "the financial market blood and tears" when the market is rising'm not at you laughing at me but now to make you understand and absorb that statement of mine.
3. Back to the MOF, the current market is in a down trend should all buy orders must follow the short term, ie buying must watch key word is right. When market warming trend Up trend started competition you may hold the job longer.
4. The level of support I've been given quite technical analysis. You can refer to orient themselves.
5. BTC in this region are five positions pretty good support. So you can observe and think twice before acting.
6. The best we wait for the market to buy whatever it Up trend win and do well assured. In the market downtrend is best to sit outside observers or capital divided into a lot of pieces in multiple locations DCA Support.
7. Absolutely no dealings with Margin for the floor would probably Kill margin before the market back to warm. When Kill margin, then you will lose everything.
P / S: Analysis for reference, the strategy used to illustrate the analysis.
Get Bonus No Deposite in your Trading Account now and add this currency pair to your forex portfolio, enjoy your trading with us!
No comments:
Post a Comment