Critical point for BTC

٢٧ مارس ٢٠١٨

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.

٢٧ مارس ٢٠١٨

ملاحظة

Neckline area: 7625-7680

٣ أبريل ٢٠١٨

ملاحظة

BTC back above to touch neck line.

٣ أبريل ٢٠١٨

ملاحظة

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

١٢ أبريل ٢٠١٨

ملاحظة

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

١٢ أبريل ٢٠١٨

ملاحظة

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

١٢ أبريل ٢٠١٨

ملاحظة

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

١٣ أبريل ٢٠١٨

ملاحظة

Neckline Touched as expected.

١٣ أبريل ٢٠١٨

ملاحظة

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.

١٣ أبريل ٢٠١٨

ملاحظة

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

١٥ أبريل ٢٠١٨

ملاحظة

8420 tuoched as expected.

١٦ أبريل ٢٠١٨

ملاحظة

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.

١٧ أبريل ٢٠١٨

ملاحظة

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

١٧ أبريل ٢٠١٨

ملاحظة

BTC may go to 7600.