Технический анализ Bitcoin. BTC-USD на 30 мая 2018

May 31, 2018

#BTC

On one day timeframe, we continue to move towards the upper edge of the downtrend channel, if the bulls manage to break through 7800-8000 zone and consolidate higher, then on one-week timeframe it is possible to see the confirmation of trend turn. It’s important to notice, that after last two turns the market kept increasing in price up to +45% during 3-4 weeks. If the price starts to fall down during 24 hours, the support will be on the upper edge of the downtrend channel we have just left (can be seen on 2 hours timeframe), the level 7200 serves as a strong support, if we break it, we can expect further global fall. Still, it is possible that the price increase for the last days was a head fake and we will have a fall after, bulls need to consolidate above 8000 in order to change the weekly downtrend. The beak of long-term support level, which is lower edge of one day timeframe triangle, may indicate a tendency to fall to levels 3000-4000$, but the breakout from the long-term resistance on the upper edge of the triangle will give an opportunity to move towards the last hights and to attempt to overcome the historical maximum 20000$.

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