ANALYSIS of BTC/USD on 09/02/2018

TECHNICAL ANALYSIS I.

1. Yesterday pretty good trading volume recorded the highest level is low and $8648 for $7565. Closing the session ORGANIZER closed at $8239. With large volume and price increase but trading volumes today just by ¾ volume trading the previous day. So, in terms of the volume and the price can not draw conclusions.

2. On the frame Daily, BTC broke the logic 1 red and 2 green is currently going by logic Red 1 green 1. So, if nothing changes then today BTC will create red candles and Red candles, depending on how it then may decide for the next day. If the little red candles and a finalist in the candle today and the average trading volume, the BTC will continue to increase and if the overwhelming volume and create the candles off strong and if break the previous candles at the bottom $7565 can will last according to BTC falling back back.

3. after reach 161.8% Fibonacci price around $6000 then appear pretty good buying power pull in BTC increased back and closing the session yesterday, the BTC was on the bottom of the asymptotic reduction trend channel. The ORGANIZERS probably will increase again to asymptotic test trend of trendline around $9000 before considering watching enough force to break the Trendline or not.

4. Tenkan-sen and Kijun sen are steamed and so may increase on BTC will test Kijun-send. However, considering the global trend forecasts still ichimoku will continue rising.

5. pretty bad when Bollinger bands swept over, bands between the plug down with large slope and prices are located below the Bollinger should trends remain strong increase back. Really need a lot of time to BTC can increase again.

6. the ADX trend still rising. However, DI-had 2 equal and double mountain DI + are way up but still not pointed at the ADX down slope. So, this salmon waves is unknown on the ADX.

7. Stoch has fallen in the region too sell and tend to shrink to hug cropped up.

8. The MACD is decreasing trend report but based Histogram are co and is lower and 2 way line of the MACD is shrinking prepare to cut up. After 2 times of cutting up and failed, if the MACD cropped up then in my BTC will rise again.

9. The MFI are 29 should not cash flow strong enough to pull the BTC increased sharply back when investors pretty much discharge from several days ago.

10. We continued to review the time frame H4. ADX is sideway when three way hug and is under 25.

11. Stoch are for increased tuning
MACD Histogram space but increases 

12. Are lower is a disadvantage.

13. Cash flow after MFI approached near the region too buy then fell back and now is 54. As such, the right cash flow and not yet showing signs of flowing from BTC to the other altcoin or usd.

14. the Ichimoku yet supported the BTC will increase again when the price is below cloud, the chikou span is-Kumo is under way and the clouds blue Kumo. However, current Tenkan-Kijun-sen was on the shower should temporarily be at increased slightly. However, the intersection does not have good slope when Kijun-sen did not pass that pulled down under.

15. Bollinger bands are quite good when bands on opening and bands between facing up. According to bollinger, an ORGANIZER will touch on the border before continuing to open the border crossings or falling back.

16. On frame 4 hour BTC remained in the wave adjustment and the adjustment is located on the narrow $7960 and $9499. The need for tend rise again is the ORGANIZER must break the $9499.

II. LEVEL OF SUPPORT AND RESISTANCE

1. Level of support
-The critical support level: $7325-$6665-$6272-$5000.

2. Resistance levels
-The critical resistance level: $9000-$9400-$9900-$11,400.

III. CONCLUSION: 

-On the chart with Daily rising trend has yet to appear.

-On the H4 chart, uptrend is adjusted and the adjusted set in narrow slots 7960 $-$9499. BTC will rise again if the Break was $9499 resistance.

-On Daily are forming the red and 1 blue 1 candles logic can today BTC is a red day.

-When the market to trend up. I will often contract out more. In the time of the downtrend in the article uses the best group to guard the waves with guest fast motto of exhaustion.

P/S: the analysis is used to refer to the strategy, used to illustrate the analysis.




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