BTC towards 13500 ??

21 Dis 2017

BTCUSD , is trending down steadily.

I have drawn a chart where BTC can take support

22 Dis 2017

Nota

14300 now, 800 more to reach the target.

25 Dis 2017

Nota

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.

25 Dis 2017

Nota

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.

7 Jan 2018

Nota

Well, I dnot know how to change the heading.

BTC heading to 20000? should be the title.

10 Jan 2018

Nota

My view on the BTC/USD

10 Jan 2018

Nota

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

11 Jan 2018

Nota

Update :

A decent bounce from the demand zone

13 Jan 2018

Nota

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.