[prog-dan-papa] released 28th May, reviewed BTCUSD

BITFINEX:BTCUSD   Bitcoin / U.S. Dollar
it's first review of using english.

actually, i'm top authors in korea. but now this review is the first step in English.
i am using new type of bollinger band . it's made by our team which we called progue.

please focus me If you are interested in new analysis.
let's start.

1. see days review.
Support line (S-line) : 7,050 / 6,865
Resistance line (R-line) : 7,310 / 7,440

you can see S-line & R-line on above chart.
unfortunately,Resistance power is more than Support . so that we can not depend on today.
today, rebound on below 7,160. i think that. it's comming from monthly support line.
(you can see my previous review, but it's using korean but, you can translate using google .)

2. see weekly chart.
S-line : nothing.
R-line : 7,690 / 8,300

actually, i can not found weekly support . only had a resistance.
but, below 6,400 than will be rebound due to out of the downtrend.

3. conclusion
i informed you we can see 7,100 on this week on last friday.
On May 1, I said that I can not afford to pay ,more than 9700, and when it is over 9700, it is called the selling area.
and also, i informed strong supported line is below 7,163 on may 1.

Today's rebound is seen as a rebound in the monthly support area . However, the remaining time in May is currently less than four days.

In the current environment, the daily support line should be restored by rebounding below the strong support line of 7.163 per month. Based on this week, I believe that this week's stock price should be higher than last week's price. It is the best structure I can think of right now. The worst structure is to see the last support area of 6,100 monthly, this support line is limited to May, it will change by June, so you have to see the new monthly support area after 4 days.

As of now, trader's best choice is
1. Observe this week.
2. buy Believe in the rebound in the monthly support below 7,163.
(sell if broken 7,000)

Good luck with you


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