DeLaRose

Bitcoin analysis and prospects

BITTREX:BTCUSDT   Bitcoin / Tether
This is my technical analysis for the previous period and explanation for what happen during one year and also my prospects for the upcoming period.

Analysis :
• from 25/11/2017 BTC             -2.35% price went up so fast from 8150 USD to 19850 USD in 17/12/2017 which is 143,55 % in 23 days .
so this is in my opinion is a price inflation .
• The price start to go down and this was logic for two reasons .
1- price inflation 143,55 % in 23 days
2- Close to the Christmas 24/12/2017 in some countries - New year - Christmas 07/01/2018 in some other countries which almost 15 to 20 days off and as we know investors is all over the world .
• so the market makers or we can say the giant money which all the time they are the leader of the market and the trend maker.
• Then a lot of bad news start to appear in the market and this was the confirmation that the market leaders went out of the market and they published the bad news this is a big prove that they pushed the prices down and they left the coin with the small investors which make them get panic because the small investors they do not have power to push up the prices then they lost the buying power.
and market start to fall.

• Important explanation for the points on my chart :
Point No. 1 black line This is the line where the price break out the med term trend ( Blue tube ) in 25/11/2017 .
Point No. 2 green tube this is a long term trend ( Up trend ) .
Point No. 3 blue tube this is a med term trend ( Up trend ) .
Point No. 4 black tube this is a short term trend (Down trend ) .

prospects:
• Phase one - price went below the point No. 1 but candle close above that line that’s shows price had finished the correction of the inflated price but candles closed above this line and this is a good sign but this is not the end .
- price still below the blue trend point No. 3 and price keep trying to close inside this trend line but in case price close inside the blue trend we need at least to close the day candle inside this trend for 3 day then price should break out the red tube point No. 4 the down trend and till now we still inside.
In case the above scenario dose not work so we will go for Phase two .
• Phase two – price can keep going down in the red tube point No. 4 till it crossing over the green tube point No. 2 the long term trend .
ZH 简体中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 繁體中文
AR العربية
首页 股票筛选器 外汇信号搜索器 加密货币信号搜索器 财经日历 如何运作 图表功能 网站规则 版主 网站 & 经纪商解决方案 插件 图表库 功能请求 博客 & 新闻 常见问题 帮助 & 维基 Twitter
个人资料 个人资料设置 账号和账单 我的支持通知 联系支持 已发表观点 粉丝 正在关注 私人消息 聊天 退出