Bitcoin shows clear signals to move up

2018年7月31日

At this time, after a few days of consolidations, Bitcoin is showing a very clear signals for some move up. Reasons:
1> Market:
- Market cap is at good level: almost 29B - very good improvement from low level 243B (on 12jul) when we had bottom price at around 6000usd
- BTC dominance: now 47% and in uptrend (clear in chart of coin dominance)
2> Indicators:
In 1D chart above, we can see BTC now in consolidation box, moving between 78xx-84xx. Its also fibonaci support level at around 7835 (fibo 0.236). This is strong support and hopefully it will be very good point to bounce. BTC tested this level three times and showed a little bounce.
RSI and Stoch RSI are showing good position and still have some space to go down a little bit. In my idea, BTC will test again the level of fibo 0.236 (around 7835usd)
EMA 20 are crossing above EMA50 show some bullish signals also and they themselves are good support level
IF BTC bounce after touch that level of support, it has to break EMA200 and aslo break Fibo at 8479usd level. But it easily to break in one hit i think.
3> What to do?
Wait to it test 78xx one more time, if it bounces you can enter market with LONG trading
Thank you so much for reading my idea and dont forget to like and share :)

2018年7月31日

注释

At this time, BTC is going down like my above idea
Let see if it can touch the yeallow support line and we will jump in to market
All the best for you guys

2018年7月31日

注释

Unfortunately, Support level at 7835 couldnot be hold. And bitcoin couldnot bounce from there. We will wait for another support at 7600

2018年8月1日

注释

We still have one more support at fibonaci 50%. For me, i will enter Long around 7440
Good luck for u my friends