If you want to have a short return of investment then not invest on bitcoin. Bitcoin is so volatile that even it increase and decrease in second. Most people complains about their loss on the price drop, I got loss too, but you will be broke when you sell it on a low price. If people would be patient to wait a bit more then all would be good. Who else make millions on just a week ? None. Im saying this not just to promote holding but also encourage all those crypto users be patient and be calm on the price drop. Youre still not loss until you sell it on low price. Hold it for a while, if you are weary and try investing on others like ICOs until you almost forget it and go back when it pumps again. Nobody know when would it be increased but it would. Be strong people.
The analysis is for reference only and I accept no responsibility whatsoever for your account or property.
ANALYSIS BTC / USD DATE 19 MARCH 18/18/2018
I. WEEKLY ANALYSIS (W1)
1. Opening last week at $ 9525 and BTC slightly increasing to $ 9900 then dropping to the low at $ 7240 and quickly rebounding and closing the week at $ 8200 (data recorded on Bitfinex) .
2. Thus, looking at weekly candle we see the force bottom catching around $ 7200 is very large and the trading volume last week was quite high and closed red candle and no sign of reversing. Looking at the pulling force we also see that the purchase volume is quite strong but still not gaining the upper hand when closing red candles last week did not account for ½ body candles. This proves that the selling force is still very strong and the buying power is only a temporary bottom fishing.
3. Logic 1 green candle alternates 1 red candle on the W1 frame has been broken and is currently appearing two consecutive red candles.Therefore, we expect another logic appears and may happen cycles 3 candlesticks or 1 green candle 2 red candles. Therefore, this week if the increase then next week down and this week can fall always under these two logic. Therefore, if we consider the candle logic, the downward trend is not over. Looking a bit further on the Vol, every two trees drop sharply will appear a rising candle. Thus, in the second logical reasoning, if this week creates a green candle, it will be more logical than a red candle, and if this week's volatility is not strong with the candlestick increasing, next week will continue to decrease with logic 1 Blue candles 2 red candles.
4. The price is below the Bollinger Bands, the Bands are wishing to go down, the middle bands are moving sideways and the bands below are down, the down trend is not strong. However, when the sideways were broken when two red candles appeared, the Bollinger bands would approach the lower bands.
5. Considering the ichimoku of the W1 frame, we see that Senkou span A and Senkou Span B are hugging and the ability to cut down to form the future red cloud is very high. It has been a long time since the red cloud has formed on the W1 frame. After the Tenkan-sen cut down the first Kijun-sen, this time the red Kumo clusters formed. This is a bad signal for BTC. We continue to look further, Chikou span is lying on the shelf and the price in the cloud still support the rising trend of the BTC. Thus, following the cyclical decline of Tenkan-sen, the next week the possibility of Tenkan-sen no longer wished to go down but will pass, Kijun-sen in the coming weeks will go up. As such, the price will not be anchored around the Tenkan-sen anymore and the direction of the price up again. If we think about Tenkan-sen and Kijun-sen, there is a price rivalry and the price will go in one direction so that the two lines return in the same direction. Therefore, the trend under the ichimoku is still the sideway.
The ADX is 26.6 and the DI is 21.5. The trend is still unclear and ADX is going down, so it is necessary for the strong ADX to go down below 20 and then back up to clamp with DI + or DI- then the price will go in a very strong direction. At this time, this indicator signals Sideway.
7. Stoch 2% K and% D cut down and have not fallen into oversold should Stoch is down pressure continues.
The MACD is declining and the histogram is rising. Therefore, no signal of MACD increased again.
9. Money flow MFI is 24. If this cash flow below 20 will appear bottom fishing force. Therefore, cash flow will continue to decrease because the MFI slope is quite good.
• CONCLUSION: Many indicators are signaling BTC on this time frame is Sideway. So, the trend is not clear but the longer time, the selling force will decrease.
II. DAILY ANALYSIS (D1)
Yesterday, the BTC opened at $ 7838 and dropped sharply to $ 7,740 and saw a very strong bottom fishing effort and closed up at $ 8200 (on the Bitfinex).
2. Thus, the trading volume is very large with the price increase strongly. This is usually the bottom end of the trend. It can be argued that because the candle creates a very strong leg, it can be said that it is a Hammer or Pinbar candle. If you add more red candles, you will see a strong buying power. However, looking at the candle today has not the shadow of the candle should be reduced to create the lower shadow before rising again.
3. Usually on the second day of week, the probability of BTC increases quite high. Looking at the previous candle line, there were also two times of reversal candles and all failed and March 11 and 15. But yesterday was different when candlesticks and trading volume appeared. big (this is the trick and threat from the past so no one would buy when repeating this case). Therefore, it is possible that BTC will continue to increase today.
4. Consider the Bollinger bands we see the bands under open, the bands between the slope are quite large and the bands on the horizontal. As such, Bollinger Bands are still declining. However, this area approached the lower bands and a reversal candle occurred, so the price could approach the Bollinger Bands' intermediate band before confirming the upward or falling back around $ 9500.
5. We continue to look at Ichimoku. So the future red cloud formed, Tenkan-sen lying under Kijun-sen plus Chikou span below
