Bitcoin Technical Analysis

Bitcoin Technical Analysis
Bitcoin Technical Analysis

Dear friends, here is the investment information, comments and evaluations Not in the scope of Investment Consultancy . The analyzes and evaluations I have made are based on technical data. (Analysis date: 04.03.2018)

This chart I have prepared DAILY based graphics. (Each red or green bar represents a day.

Bitcoin Technical Analysis

BTC $ 5900 after the foot $ 11800 up to 100% made a margin. The previous week we witnessed this improvement. This week we watched BTC’s recovery after correction. Next week $ 9570 BTC started its ascendancy throughout the week. When it comes to the weekend $ 11500 BTC testing the level, the week closing $ 11140 about 16% it was worth it. Now let’s review and evaluate the technical developments in the week.

BTC’s weekly FIBO 0.382 ($ 11287) We see that you start from the level. If we had to look at the previous two bards FIBO 0.236 ($ 9242) I can say that level works nicely as support. At the beginning of the week, the long green bar started to rise and turned the trend upward. Subsequently, a 2-bar transition phase occurred on top of the A-block top trend (main falling trend), and the main fall was then broken up. The break with the next green bar was confirmed and FIBO 0.382 ($ 11287) up to the current level. But FIBO 0.382 ($ 11287) We can see that the level is not broken up. BTC closes the week FIBO 0.382 ($ 11287) just underneath this week. Let me evaluate it in the light of these developments.

BTC finally gave confidence to the investor by breaking the main bearer. Motion to it is very important for the ascension to continue on the wedge. I find this movement very positive this week. FIBO 0.382 ($ 11287) the rise up to the level of the same place, and even a slight increase in this place gave the investor morale. However, I can say that this level works well as resistance, which was not broken up in the last two trials. If it is to be looked at by the good, if this level is broken up and the rise continues, if a possible correction is made, this level will work strongly as resistance as well as support. It is very important to go above this level primarily. Until this week I had not mentioned the ichimoku indicator on my charts. This week I will make a short and simple evaluation of this indicator. On the upside in positive market conditions, the ichimoku indicator on the graph is a parameter red I consider that middle (Senkou Span-B Yada Leading Span B) can work as resistance resistance. If you are in the middle of the purple (Senkou Span-A Yada Leading Spana), we see that the movement continues to cut the red average. After this happens, the cloud color will turn green and it will be interesting for us to be in the bull market. (These two indicators operate at a distance of 26 bars from the day they are found, and the resulting cloud is informative about the trend set according to the color, and it will be hurting to observe the previous intersections in the chart.) If SankouSpanB breaks FIBO 0.5 ($ 12939) level must be in our lead as resistance. On adverse conditions FIBO 0.236 ($ 9242) I think that level is very important support. However, we must also follow the top trend of A-block.

Bitcoin Technical Analysis

I will review the WMA indicators after correction From WMA 21 we are seeing a return. WMA 144 Upside break is supportive of rising. WMA 21 WMA 144’e we are approaching. WMA 21 In WMA 144 the upside will be positive for the rise. The next target of WMA 21 WMA 89 It will be.

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