BTC towards 13500 ??

21 thg 12, 2017

BTCUSD , is trending down steadily.

I have drawn a chart where BTC can take support

22 thg 12, 2017

Ghi chú

14300 now, 800 more to reach the target.

25 thg 12, 2017

Ghi chú

As our chart is based on Line and price close, support was nicely held last time.

I observe 2 things :

1) Price is testing the support again and again to check the strength.
2) As the fall was very steep, it will breakout soon. A breakout will change the sentiment towards positive.

25 thg 12, 2017

Ghi chú

As our chart is based on Line and price close, we dnot consider the price extension in that particular timeframe.

Price closed well above the support and bounced back.

7 thg 1, 2018

Ghi chú

Well, I dnot know how to change the heading.

BTC heading to 20000? should be the title.

10 thg 1, 2018

Ghi chú

My view on the BTC/USD

10 thg 1, 2018

Ghi chú

Look at the RSI, it is at the Oversold condition which can take the price to the upside.

11 thg 1, 2018

Ghi chú

Update :

A decent bounce from the demand zone

13 thg 1, 2018

Ghi chú

We broke the roof top pattern and formed a downtrend channel. Price is following into the channel. But there is a strong support at the demand zone. As long as support holds the demand zone, we can buy there and sell on top.

1) Price on trendline
2) Forming a symmetric triangle pattern which can breakout soon.
3) Price is above the support.