JEFFREY'S WEEKLY PROJECTION OF BITCOIN (9/3-9/9)

Bit value last week has increased a bit to 6700 to 7450 dollar.

It is basically the purchase position, and I already told you about how we need to be cautious for the strategy for taking personal quantity.

I will talk about the direction of bit value this week in terms of ups and downs.

This is the bit daily chart. If the value at least stays in the current level, we might see the green light and also an increasing trend thereafter.

If adjusting them, the upper limit of the range is 7350 dollar, and the lower limit of the range is 6980 dollar where the turning point is located at. If defending these prices, we might have a promising trend.

However, if failing to keep this range of price, it is inevitable to have a significant adjustment.

Therefore, care has to be taken for the major prices.

It is now in a circumstance where the previous strong resistance is still left causing the bit price to be adjusted.

In the worst scenario, the price might go back to the triangular convergence. In this case, the major price is 6650 where the central value and reference line of the pattern are located. If deviating this price, it looks advantageous to end the trading and keep the position to overlook first.

This is the bit weekly chart. There is an adjustment after the resistance on the central line of Bollinger Band.

If predicting with the general Bollinger Band pattern, this week might be adjustment from central line followed by the breakthrough with a new price, confirmation of the support for central line, and achievement of the upper line in the end.

Therefore, if interpreting the bit position in the perspective of purchase as of now, it can be interpreted that a bit picture indicates how the price can reach to 9500 dollar, and the flow of fluctuation looks good.

This is a bit hourly chart. This already represents lowered divergence.

In addition, if there is a traded amount, head-and-shoulder pattern might be kept in mind. Purchase strategy from targeted pattern price is effective.

In summary, bit is expected to be adjusted early this week, and purchase strategy with the major price is valid later this week.

In addition, according to weekly pattern, main fluctuation is focused on adjustment instead of lowering, and this is said to be a good flow.

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