1. Opening of the session the week over at $8357 then the ORGANIZER of $7823 mitigation and increased $9069, finally closing the session last week at the $8791 (recorded on Bitfinex).
2. So, with trading volumes don't rise accompanied by price increase means the current uptrend is no longer sustainable.
3. Week ORGANIZERS have created the cluster 3 Morning star reversal candles. Usually after creating the cluster of reversing candles then the price will increase to the important resistance level around $10,600.
4. Consider Bollinger bands we see that the three bands are still steeply down. So, if the ORGANIZER touching black bands between around $10,600 without enough candles on the bands between the wave probably decrease going very strong. However, the event ORGANIZERS played on week candle bands between the reviews on lack of bands under the BTC will favor touch bands on around $16000.
5. Consider the ichimoku we see that prices are still approaching the Tenkan-sen. Usually when candlestick closing week on Tenkan-sen in $9100 then the BTC will be-about Kijun-sen in $12,600. However, current prices are still not close the candles on $9100. Therefore, the need for increased momentum of next next week is the ORGANIZER of this week to close on $9100 candles at that new actually, BTC also present this region the ORGANIZER may return at any time this week because trading volume is not guaranteed for the rising momentum of the BTC. Next up we see Tenkan-Kijun-sen is located under the shower, Tenkan-sen will pass some time and Kijun-sen continues upward. So, the Short always be priority. The priority is still the trend increase combined with the Chikou span is above the price line and blue clouds future Kumo is very beautiful. So, if we consider the total of ichimoku, we see a very bright future for BTC in the year 2018.
6. The ORGANIZER stepped back around 78.6% Fibonacci and touch the Trenline and reversing candle cluster appears. So, can the ORGANIZER will no longer lower the price $6000. On the Zigzag week has pulled up so often at least 38.2% fibonacci will approach the ORGANIZERS at $11,300 which is the least sensible retreat. So, the trend is still rising more than reduce the priority in the next week until the BTC touch are $11,300. In the $11,300 if a large volume of transactions and the accompanying technical indicators supported the increase, the ORGANIZER will likely go further more.
7. The ADX is 21, DI-is 21 and DI + is 19. So, the trend of the week remains until the BTC sideway forces appear to rise or fall more clearly. However, the reduced wave recently ADX going down, so we can assume that the waves from $19891 down the $6000 wave is adjusted decrease in a strong uptrend. Global review 1 bit we need 1 or 2 more weeks will be variables when ADX falls below 20 and turn your head come up. When the + DI and ADX turned hug goes up and pass 25. Combined with 2 more weeks Tenkan-sen will slope up Kijun-sen is combined with ramps available then likely very strong increase also the ORGANIZERS.
8. The Stoch is in the wave adjustment and not fall into the region too. So, can the ORGANIZER still sideway 1-2 week to drag%d and% K hug each other before falling back.
9. The MACD has marched around the 0. Histogram based sound and are gradually shrinking. The MACD signal are steamed and want to cut up. So, in the line of 0 if MACD cut up then the BTC will have the increased mental speed. Thus, in a few weeks to the MACD is cut up or 2 way line MACD dropped down to 0 then the rising momentum of the BTC will not powerful as intended.
10. Cash flow of MFI are increasing and generating current and 40 from 26 W. > 50 yet cash flow should increase trend remains strong.
• Conclusion: first we see that cluster 3 Morning star reversal candles are pretty good plus meet the Fibonacci support 78.6% and touch Trendline support should prices rise again. The only techniques are "warm" to the trend of falling back. However, combined with the techniques necessary to increase momentum this week as ORGANIZERS to close the candles on the $9180 and Stoch and MACD round up intersect back then the uptrend of the BTC will be very strong. Combined with the ADX down 20 and hug the same DI + is very great. Expect that BTC will go as expected. But, this week yet to confirm for sure to BTC increased sharply because of the volume of transactions is not guaranteed. So, if this week should close on $9180 with BTC trading volumes large enough then the BTC will rise again at least is $11,300-$12,600.
II. DAILY CHART ANALYSIS (D1)
1. Opening the session yesterday at $ 8912 $ 9048 BTC increased and decreased about $ 8751 last lowest closing day candle at $ 8791 (data recorded on Bitfinex floor).
2. As a result, prices fell slightly and the volume is not large enough as the previous day but in this area quite a lot of resistance. Therefore, the risk has increased a lot, not "tasty" and "sweet" as the past week.
3. If we collect 2 candles recent days, the BTC has created shorting stat reversal candle. So, this area of risk is rising high.
4. The expectations of myself are BTC will form the pattern Head and shouder or Cup and Handle in this area. Adjusted target is 7435 $ -7750 $ regions. Then increased it would reasonable.
5. If BTC has peaked at $ 9069, then the regressive priorities around 50% -61.8% Fibonacci around at the price of $ 7435 -7750 $ then formed Head and shouder model and increase again exceeded the level of 9069 $ to break the neckline and create long-term uptrend. Where the lower the probability is always BTC increased $ 10,000 - $ 11,000 and then dropped back and increases with Peak wave forming higher-Peak Day-Day and higher. At that BTC will enter long-term uptrend. So case BTC breaking peak 9177 $ and candle closing date on which the transaction volume well, will form the peak-peak and wait for a bottom half with a bottom that is higher than the previous trough will form long-term uptrend.
6. Bollinger bands on the open and under are flat and sloping up bands between are pretty good. So trend upward but waiting to appear more human in the middle Bollinger bands because since BTC increased Bollinger pass between the BTC has not returned to touch the middle Bollinger bands. Therefore, we still expect the correction to around the middle Bollinger band at $ 77xx.
7. At the Ichimoku we see that the Tenkan-sen Kijun-sen is located on but the prices are approaching the current Kumo quite thin, psychology will fluctuate greatly. However, the Ichimoku cloud and thick red future should reduce the huge psychological BTC. Price just creep out from Kumo should still expect BTC fell on and get into Kumo some time before rising again. BTC also increase always the case in this area is not high. Chikou span was located on price but below the Kumo should increase still not strong. So in this area remains a priority BTC is reasonable sideways rather than up or plummeted. Ichimoku expectation is that after access to Kumo, reduce the Tenkan-sen of at least $ 8450. If D1 closed candle under $ 8450, the BTC can be sucked on Kijun-sen in 7750 $. So,
8. ADX 25 and DI + 26 and ADX are poking their heads up so really very risky for those who want short. Therefore, the current trend is still rising more priority is to reduce and not so short though BTC adjusted around 7435 $ -7750 $.
9. Stoch is signaling BTC continues to increase because Stoch is not yet overbought.
10. MACD Histogram rise, and the office is still on 0. 2 line width MACD has yet to shrink. Therefore, the trend seems to take precedence over the downtrend.
11. MFI is approaching overbought when the MFI is close to 77. Therefore, in order to secure the BTC soup adjustments are buying up is reasonable.
• CONCLUSION: The overall trend is bullish and the region but in the appearance of moderate resistance and candles create bad for BUY faction. Thus, in order to limit risks, the wait BTC regressive then buying is more reasonable. In this area I still expect BTC will create model Head and shouder or Cup and Handle. The expectation is that the regressive 7435 $ -7750 $. Where the break is BTC BTC 9177 it will increase to $ 10,000 $ - $ 11,000 would then retreat adjustments under $ 9200 and then rise again (in this case low probability).
III. Support and Resistance
1. Important support levels: $ 7017 - $ 7435 - $ 7750 - $ 8450 (the critical support at 7750 $ and most powerful).
2. Important Resistance: 9000 $ - 9900 $ - 10,900 $ - 11,300 $ - 12,600 $ - 12,900 $ - $ 14,500.
IV. CONCLUDE
1. Thus, after BTC ABC correction retraces 78.6% of Fibonacci appeared cluster model 3 Morning Star candlestick reversal BTC expectations will start to rise from this position. Crypto 2018 if the market continued to boom as in 2017, the BTC will reach $ 28,000 $ 42,000 and higher in Max can reach at $ 64,000.
2. Trends on the Daily chart has increased the resistance at 9000 $ and I expect the BTC will reduce adjusted to form the pattern Head and shouder or Cup and Handle (in this case priority). In the case of BTC break $ 9177 and $ 10,000 -11 000 surged to $, the BTC will reduce the adjusted lower than $ 9200 but also reasonably high probability.
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