Jeffrey's Weekly Projection of Bitcoin (8/27-9/2)

Bit ended in a bit increased value to be from 6200 to 6900 dollar last week.
In a fluctuating market, I have mentioned how holding a branch was of an advantageous position to solidify the quantity.
If there is no specific unfavorable situation this week, bit value is expected to slightly or fairly increase. 

This is the weekly bit chart. This is where Fibonacci ratio and major resistance line meet between 7250 to 7600 dollar.
Therefore, it seems that quantity needs to be adjusted a bit near this area, and the next resistance line is 8800 dollar. 

This is the chart for four hours on Bit. Bollinger Band center-line seems to be upside-down through stagnent area.
In addition, stock price is stable with the support fromm conversion line and cloud.
However, with decrease in purchasing from existing offerings, it is in stagnant or slightly increasing instead of rapidly increasing. 

This is the daily chart of Bit. Resistance line from moving average line is 6950 dollar, 7250 dollar, and 7900 dollar.
In summary, basic position is the purchasing position, and effective strategy is to increase coins by adjusting the quantity along
with aforementioned resistance line. 

 

- Daily Coin News prioritizes the voice from the scene over others.(news@dailycoinews.com) -

[copyrightⓒ 2018 All rights reserved by Daily Coin News]

7 0 Write