[Red Apple] BTC/USD briefing _ 18.09.14

in #bitcoin6 years ago

After being supported at trend line , it keeps going up. Let's analysis BTC/USD briefly.

  1. Daily Chart
    1.png
    Breakout of the triangle. if it keeps going up, 20EMA(red) and candle will be met.
    check it penetrates 20EMA.

  2. 4H Chart
    2.png
    After being supported at trend line , keep going up. At the moment, important level which should break is $6550.
    3.png
    After breakout of triangle, it was supported by trend line and then it pulled back.
    4.png
    If it is staying over $6619.8(Fib. 0.618), the price can be going up more.

  3. Summary and Strategy
    There could be corrective phase shortly. if it so, check whether it is supported at upper side of triangle on daily chart or upper side of broadening wedge on 4H.
    if it keep going up, check whether $6550 and $6620 lines are broken.

This is the end of my idea.
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