***BTC ANALYSIS***
1. Timeframe : 4H.
2. Indicator used : Parallel channel, Fibonacci retracement and extension.
3. Forecast : During this week, price still fluctuated within parallel channel (29xxx-40xxx). From 22.06 to current time, oscillation amplitude is narrowed (29xx-35xxx). It is a signal that price will break-out parallel channel and decrease strongly. Need to remember that, 29xx-30xxx is a strong support, price backed -test many time at this area. Therefore, it will be a strong downtrend when this area is broke. As my analysis, price will fall to new support (21xxx-25xxx). At this area, we'll consider price's action and make right decision.
***MINERAL SCALE INVESTMENT***
*** VIKTORTEA***
1. Timeframe : 4H.
2. Indicator used : Parallel channel, Fibonacci retracement and extension.
3. Forecast : During this week, price still fluctuated within parallel channel (29xxx-40xxx). From 22.06 to current time, oscillation amplitude is narrowed (29xx-35xxx). It is a signal that price will break-out parallel channel and decrease strongly. Need to remember that, 29xx-30xxx is a strong support, price backed -test many time at this area. Therefore, it will be a strong downtrend when this area is broke. As my analysis, price will fall to new support (21xxx-25xxx). At this area, we'll consider price's action and make right decision.
***MINERAL SCALE INVESTMENT***
*** VIKTORTEA***