1. Yesterday's trading volume is quite good and the highest levels recorded in $9499 and the low of $8180 on the Bitfinex floor then the ORGANIZER handles the session created candles pulled pretty good legs and fit into the Trend line dark green. As such, the ORGANIZER has continued to draw the legs 2 days and made candles are always located in the uptrend. However, no trend reversal candles but the candles today are also relatively well for the trend to increase the return of the BTC on the coming days and special BTC have yet to break off long term uptrend that is extremely important for the trends of the market in the upcoming time.
2. Press still Stoch and ADX downward trend remains quite strong. However, Stoch are falling into the too sell should force sold will slowly should be able to buy power appears around this region.
3. MACD is still expanding and the downward trend is still a priority but the Histogram space is shrinking should some part will begin to see the downward trend was weaker.
4. after reaching the MFI too sold has risen again and are around 29. However, MFI 29 BTC were not enough to rise again. Cash flow needs on 50 to confirm the uptrend of the BTC.
5. the Ichimoku still create pressure drop over the coming period. However, Tenkan-sen being passed so now attraction of around $10,000.
6. The ORGANIZERS still hovers in the lower channel of red and after touching the bottom of the asymptotic reduction trend channel BTC has risen slightly back demonstrates the force captured the bottom pretty much around the $7k9-$ 8k2.
7. We continue to go deep on the H4 chart analysis. On the 4-hour chart, the ADX is 33 and DI-are weaker instead of waves rising and can DI + will intersection between DI + with DI-and create waves tune raises now.
8. Stoch has cropped up signal BTC are in the process of adjustment.
9. The MACD Histogram is cylindrical and has cropped up on 0 confirm the adjusted trend will probably continue.
10. Cash flow MFI 57 tells us pretty good buying power when BTC on around $8kx and are pretty good slope. The ORGANIZERS probably will continue to rise during the day today.
11. Consider the ichimoku we see 2 lines create clouds are passing and Kumo-Chikou span has created double bottom and are in through the tune. However, Tenkan-sen and Kijun-sen remained under 2 this road is shrinking tend to hug each other should the ORGANIZER will go sideway for a time before the Tenkan-sen Kijun-sen cropped up to confirm a strong uptrend more than 1 bit.
12. The ORGANIZERS are ranged under the Chikou span and Kumo, cloud-Tenkan-Kijun-sen are together under the shower clouds should increase adjustment will trend.
13. The waves tune just 38.2% Fibonacci level should increase could test price levels will continue the BTC resistance of 50% at the Fibonacci in $10,000 and if rapidly increasing speed, the BTC will reach $10,500. So, if the asymptotic approach to the BTC on the main Channels of the downward trend then BTC has Kumo cloud break. So, if sufficient rising through cloud formation and the rising trend of Kumo, the ORGANIZER will approach channel trend with the position of the rising trend.
II. LEVEL OF SUPPORT AND RESISTANCE
1. Level of support
-The critical support level: $8,200-$7800-$7400.
2. Resistance levels
-The critical resistance level: $10,000-$10,500-$11,600-$12,850-$13,200-$14,500.
III. CONCLUSION
The adjustment trend of rising on the H4 has signal, can the ORGANIZER will approach $10,000-$10,275 in time to then take options market that BTC can step into the trend of rising or falling further back.
P/S: the analysis is used to refer to the strategy, used to illustrate the analysis.
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