2018-09-04 11:37:40
Detailed analysis of #BTC on 04.09.2018 by @cryptoangels
News Analysis
Ether futures might be a bad thing for the crypto, and a good thing for its biggest rival. Moreover, it may have a positive effect on Bitcoin. It was assumed by Tom Lee, co-founder of Fundstrat Global Advisors. Details: https://www.businessinsider.com/ether-price-might-fall-because-of-futures-2018-8?IR=T
Volume Analysis
We can see a decrease in trade volumes at all timeframes.
Support/Resistance Level Analysis
Timeframe: 2H
The resistance line is at $7400, the support is at $7100 and $6800.
Divergence and convergence
Timeframe: 15М - not found
Timeframe: 30M - not found
Timeframe: 2H - divergence
Timeframe: 6H - not found
Timeframe: 1D - not found
Indicator Analysis
Timeframe: 2H
RSI is not in the overbought zone anymore, it is at 60% mark, which means the continuance of the bullish trend.
At all timeframes, the chart is under the Ichimoku cloud and is moving in the top Bollinger channel.
Action Plan
We are waiting for a test at $7400 and growth to $7800 after breaking. Or the support can be broken at $7100 and stay at $6800.
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