Critical point for BTC

27 thg 3, 2018

IN long term chart we can see a head and shoulder pattern. It's neckline is critical for BTC. Break down below neckline is negative sign. Support in neckline is vital.

27 thg 3, 2018

Ghi chú

Neckline area: 7625-7680

3 thg 4, 2018

Ghi chú

BTC back above to touch neck line.

3 thg 4, 2018

Ghi chú

BTC move as expected. Break above the 7625 and then 7680 neckline area is a positive sign.

12 thg 4, 2018

Ghi chú

BTC touch the neckline. Big profit for who buy in bottom.

12 thg 4, 2018

Ghi chú

Now the most important thing is reaction to the neckline. close above it in a sign of reversal.

12 thg 4, 2018

Ghi chú

A correction is happening. Back from 7580 and touch 8250 is still possible.

13 thg 4, 2018

Ghi chú

Neckline Touched as expected.

13 thg 4, 2018

Ghi chú

Now the most important thing is break out the neckline and close above it or rejection. sit back and watch the reaction to the neckline.

13 thg 4, 2018

Ghi chú

Personally I think BTC will go above the neckline around 8350-8420 and then fall down.

15 thg 4, 2018

Ghi chú

8420 tuoched as expected.

16 thg 4, 2018

Ghi chú

fall down from 8420! as expected.
next retrace from 7880 is possible.
Area 7600 -7800 could be supportive for final retrace to touch neckline again.
Now look for reaction to 7880.

17 thg 4, 2018

Ghi chú

First try for retrace from 7900 (7880 good support point) is in process as expected.

17 thg 4, 2018

Ghi chú

BTC may go to 7600.