BTC towards 13500 ??

٢١ ديسمبر ٢٠١٧

BTCUSD , is trending down steadily.

I have drawn a chart where BTC can take support

٢٢ ديسمبر ٢٠١٧

ملاحظة

14300 now, 800 more to reach the target.

٢٥ ديسمبر ٢٠١٧

ملاحظة

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.

٢٥ ديسمبر ٢٠١٧

ملاحظة

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.

٧ يناير ٢٠١٨

ملاحظة

Well, I dnot know how to change the heading.

BTC heading to 20000? should be the title.

١٠ يناير ٢٠١٨

ملاحظة

My view on the BTC/USD

١٠ يناير ٢٠١٨

ملاحظة

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

١١ يناير ٢٠١٨

ملاحظة

Update :

A decent bounce from the demand zone

١٣ يناير ٢٠١٨

ملاحظة

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.