Технический анализ Bitcoin. BTC-USD на 30 мая 2018

May 31, 2018


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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