BITCOIN 01/07/2018 Technical analysis
BITCOIN 01/07/2018 Technical analysis
( To see the images at higher resolution press on the right mouse button and click on see image )
Introduction
Hemos comenzado el mes de julio y el precio esta desarrollando en forma lateral principalmente , lo que puede dar lugar a crear una estructura de soporte para nuevo impulso alcista . Ahora mismo contemplo dos opciones alcistas como se pueden apreciar en el siguiente grafico
Chart 1H
The price has drilled 61.8 of the last bearish momentum, so for me it represents the intention to pay 100%, we will see how the price develops during the weekend.
In the image are represented
· PIVOT Monthly in black color
· PIVOT Weekly in red color
As we can see in this graph, the PIVOT WEEKLY (Weekly control point weekly) has been perforated coinciding with our support, and could go to look for the R1 that matches our resistance.
We are in the Monthly Support nº1 and the price must develop above this support to show us the clear bullish intention. This overcoming of the weekly pivot for me represents a first intention, and from now on while the price develops above the monthly support, the main intention will be to develop the price and go look for the monthly PIVOT over the area of $ 8100 ...
During this development we will look for retesteos to the supports and resistances that we have marked .
Daily Chart
In daily chart, we have that the price is resisting that important support in recent months, which has a lot of volume locked and we must be alert because violent impulses can be produced in those areas.
For my possible scenarios, those areas over $ 5600 and $ 4800 are still magnets for the price and I still see them as possibilities. The buyer volume has to be increased in the next sessions to make clear that we have a bullish change of trend
Please, be careful and responsible people, read the disclaimer well !!! Thank you
@originalworks