BTC $2000. Mission Impossible?
BTCUSD, BITSTAMP, 1W, Log chart
1) Price loss
Nov. 2013 ~ Dec. 2014
ATH to ATL : 86.90% loss
Dec. 2017 ~ Apr. 2018
ATH to 2972 : 84.23% loss
ATH to 2291 : 88.50% loss
2)RSI
Green support line is broken.
Expecting further downward movement.
3)MACD(less important index)
Diverging is in progress.
Expecting further downward movement.
4)Trend line
Purple line
Very close from current price.
Taken together, high possibility to be get through.
Blue line(lower)
the lower limit is 7K
We can expect some supports, but according to RSI and MACD, the remarkable reversal(to up trend) is less likely.
Red line
Support line of recent up trend.
We can expect remarkable reversal at this line.
Yellow line
Traditional up trend line.
Very important support line I think.
The bottom would be placed on this line most likely.
1) Price loss
Nov. 2013 ~ Dec. 2014
ATH to ATL : 86.90% loss
Dec. 2017 ~ Apr. 2018
ATH to 2972 : 84.23% loss
ATH to 2291 : 88.50% loss
2)RSI
Green support line is broken.
Expecting further downward movement.
3)MACD(less important index)
Diverging is in progress.
Expecting further downward movement.
4)Trend line
Purple line
Very close from current price.
Taken together, high possibility to be get through.
Blue line(lower)
the lower limit is 7K
We can expect some supports, but according to RSI and MACD, the remarkable reversal(to up trend) is less likely.
Red line
Support line of recent up trend.
We can expect remarkable reversal at this line.
Yellow line
Traditional up trend line.
Very important support line I think.
The bottom would be placed on this line most likely.
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