Artem_Dishel

BTC/USD - Closing the semi-annual futures

Short
BITSTAMP:BTCUSD   Bitcoin
Hello, friend.
My technical opinion on the BTC/USD situation

Strong resistance in the zone 9500$-9700$ holds the growth for two months. (It is marked on a chart by a red block.)
Support the zone 8900$ - 9100$ (there is an overhang on support.) Draw with a green line as I see an overhang on a level.

Closing the semi-annual futures will affect the downward movement.
Closing futures is closing a position in the market. It means the sellers' preponderance.

Crossing the moving EMA 7 averages has crossed EMA 21, it is a call to trend reversal.
In the area of 9000 - 9300$ there is a moving average 63 (I call it the quarterly price average). We break through EMA 63.

RSI indicator shows trend change.
Crossing level 50 indicates this.
When the RSI is in this area it is better to work from a sale;


Puts all movement in the Fibonacci grid took points of local movement LOW $3782 - HI $10380
Fibonacci shows that we are on the support level of 0.78%.
And we're preparing for a breakdown of that level. Next Fibonacci level is 0.61%.
At Fibonacci levels of 0.61% 0.5% 0.38% a buyer will be waiting for us.
I also focus on buying in these demand areas.

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