1. Today the BTC increased rapidly after the $9047 and the resistance of the force should appear fairly big Trendline discharge quite strong and ended the session at $8563 figures recorded from the floor Bitfinex.
2. Trading volume today was quite big and create spinning top candlestick demonstrates the balance between buy and sell side. The seller wanted to sell that buyers also want to buy. However, later the ORGANIZER to quickly create red candles and large trading volume is really a good signal for the rising trend of the BTC.
3. Lowest price today is $8151. So, if this price break through BTC phe SELL has prevailed more visible. With increased volume and not price increase and create red candles then we can understand that the rising trend is going down to the extremely difficult circumstances.
4. are the back round to prove the ADX trend strength and will not back down if the ADX down waves wave review from $9074 This is the wave of the rising waves. Means if nothing special, the price $6000 was created in June of this wave is the bottom 06/02/2018.
5. Look on buyer on 06/02/2018 then we also know, money to buy that is of the sharks. Really not many trader buy at a price of around $6000. After the purchase, the price quickly increases accompanied by huge trading volume. So, in the $6000 I think the sharks have bought quite a lot. So, there is not much reason to BTC can lower again if according to psychological analysis of shark.
6. Today's closing week candles. If the ORGANIZER maintains the following week $8200 prices on really good uptrend for the return of the BTC.
7. Look at the candles Tuan has created 2 candle bulltrap, expecting that today BTC will not drop sharply to confirm that this week is not a bulltrap that is confirmed for BTC will rise again after establishing the bottom $6000.
8. Review of ichimoku chart Daily we noticed that the downward trend is dominant. However, looking at the price range is currently located in the Tenkan-sen and Kijun double-teamed-send should tend to be price-Kijun-sen lines of around $9500. This location is also the location of the Bollinger bands between D1 's. So, this is pretty hard to resist.
9. the ADX trend confirmation still rising when the ADX is 42 and DI-is 26.
10. Stoch has cropped up signaling the uptrend began.
11. The MACD has cropped up and this is the third time. So, in my opinion, this may be true rather than false cut again when the cylinder Histogram also took up the line of 0.
12. the cash flows of the MFI are 32, after rising up from around 22. The need for tend to increase as the flow of money to 50 >. Looking forward to that coming BTC will be getting more cash flow to BTC can fly high and far more than in the year 2018.
13. Yesterday after the test of resistance trendline red, BTC was quickly falling back. This is normal when around $9000 I have confirmed that the purchase power and strong weak discharge up. So, overall about trendline and the channel then the BTC still lies in the downward trend and has not had any cu in action would through this resistance level.
14. the rising trend was also not yet conceived when the ORGANIZERS have yet to break the resistance level is $9499. The rising trend on the H4 will form when confirming 1 candles close on $9499. So, the downward trend is still covering up the ORGANIZER until confirmed.
15. We continued to trend analysis on the H4 chart. On the 4-hour time frame looking at ADX we see BTC go sideway when ADX line 3 are under 20.
16. Stoch on the region too buy, very decreased wave appears again.
17. The MACD is hug, if MACD 2 line cut down the BTC will fall back.
18. Cash flow the MFI is 49. So, after rising back to the flow of money has been drawn pretty much.
19. The ORGANIZER has yet to break downward trend when still hovers in the lower channel and is located below the trendline.
20. the Ichimoku cloud Kumo and green appeared Chikou span-has on the price. As such, the H4 has had satisfactory signal for uptrend is back. However, prices remained in Kumo clouds projections is to go sideway until exit out of this cloud.
21. Tenkans Kijun-sen-sen is on for the uptrend but Chikou span remained under cloud-should the uptrend is not clear.
22. The ORGANIZER could form the model of Head and Shouder. So, assuming that this pattern complete the Neckline Break price and then the indicator will pretty soon. Because looking at the price Break is Neckline then the BTC has outrun was Kumo and cloud escaped sideway trend and pull in the other index will better for trending up again. Therefore, the need is to create the first model 2 few for uptrend is back.
23. the current downward trend Also are covered. So, to make sure we wait for early models 2 role of perfection.
II. LEVEL OF SUPPORT AND RESISTANCE
1. Level of support
-The critical support level: $7750-$7360-$6272-$5000.
2. Resistance levels
-The critical resistance level: $9000-$9400-$9900-$11,400.
III. CONCLUSION:
1. The current trend is decreasing.
2. The need for increasing trend is to create models of Head and shouder and Neckline. The best break the resistance level is always $9499 to create the uptrend with the peak-peak and Bottom-bottom higher.
3. Today BTC as possible to maintain the higher the price will be very good for the following week's uptrend. Required to maintain on $8200 for today.
P/S: the analysis is used to refer to the strategy, used to illustrate the analysis.
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