BITCOIN ANALYSIS 14 JULY 2018

BTC continues the blooming trend once more and now stands at a price of around $ 6,250.

We were observing the movement until late, but there were no big changes.

First, the support line and the resistance line are on the side. If the current price is supported, it will be 6200-6300 dollars, which is a lot of lots for sale, and if it can not keep this section, if it goes down again, many traders will confirm the support line about $ 5900 which is considered as strong support line Is high. Around 5900 dollars will be a selling point with strong support, such as a weak point / current situation, and a meeting with the previous medium-term downward trend line. At the time of the current situation, there is a possibility that the resale price of $ 6,400 to $ 6,800, which is the same as the $ 6400 / The most powerful resistance among them is expected to be 6700-6800.

Let's look a little further from the perspective of the horizon. Below the current price range, there is no major skyline, which means there is no skyline below. Also, the 5/10/20 day horizon is formed by inverse wax. The inverse of the horizon means a downward trend. Also, in the Beit Finex Bibliography chart, the 20 - day horizon was a baseline that served well for quite a long period of time, and it showed a long - lasting support after a break from the previous short - term rise. However, the current situation is once again falling below the 20-day low, so we expect a very strong purchase to break through.

We do not currently have much to explain in terms of supplementary indicators or patterns. If the price drops to 5900, it will be necessary to consider the double bottom pattern.

The current cryptographic market is believed to be more important than forecasting. It is the best way to earn money in the current situation by knowing the important resistance line and support line, and by taking all the countermeasures against the decline and rise and shortening the trading time. Every week this week, you are in trouble, so please have a nice weekend.