Pressure may form this triangle congestion area
Since okex withdraw is blocked yesterday, Bitcoin drop sharply almost 200 dollars in 1h. but this kind of negative new doesn't affect too much to Bitcoin, the price has come back to 113xx when the day closed yesterday(still in the box), which will be a bullish sign for the long term market.
I expect the break out of the box will happen before week closed, since two time tries to break 115xx have been made. the accumulation is strong enough here and stoch RSI looks bullish also(please check the previous analysis for box breakout). 4 hour bar bullish, which will make the third try to reach 11500 in next 4h, if the break out is strong enough, it will try to reach 11600, even 11800. but day bar bearish and a triangle congestion area seems to form here. thus if it fails and drop below 11300, it will try to reach 10800 there, which will make triangle congestion more convincible.
resistance: 11500, 11630, 11830, 12000
support: 11300, 10800, 10600
I expect the break out of the box will happen before week closed, since two time tries to break 115xx have been made. the accumulation is strong enough here and stoch RSI looks bullish also(please check the previous analysis for box breakout). 4 hour bar bullish, which will make the third try to reach 11500 in next 4h, if the break out is strong enough, it will try to reach 11600, even 11800. but day bar bearish and a triangle congestion area seems to form here. thus if it fails and drop below 11300, it will try to reach 10800 there, which will make triangle congestion more convincible.
resistance: 11500, 11630, 11830, 12000
support: 11300, 10800, 10600
Dagangan ditutup secara manual:
triangle has been proved to be wrong. now is testing the upper line of upper trend channel
