Bitcoin - Update Bitcoin Chart May 20, 2018
TRENDS Bitcoin analysis update May 20, 2018
In the 1D chart:
Clouds in front of Kim, almost forming clouds. This is a sign that prices will fall in the near future. But we need to wait to see how the Turkish cloud will shape, to reinforce the trend being analyzed.
Conversion Time: We measure the time of change on May 21st, so this is the time when prices will fluctuate to make a bottom for this wave. After this time, BTC will re-evaluate strongly. The change date may come earlier than one day, that is, 20/5. Therefore, between May 20 and May 21, we should exit the market and wait for a clear reversal signal. Often it shows in Japanese candles. Take a look at Japanese candles, when there is a signal to determine the bottom, then we jump into the market.
At Chart 4H:
Turkey Cloud has contracted, the trend will continue to open thin clouds pass. This is a good sign for the cloud to come up. This time frame is the end of May 2018. Please wait. Currently, the price can not break the clouds on the head are circled, so prices will find the way down. Expected to hit the Y trend line and then turn strong.
The bottom is 79xx, so for the bottom, the next price needs to fall below 79xx and then go up. Please wait for this signal.
In brief:
Opportunities go up, and we should wait for the signal to jump in the market between May 20 - May 21.
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