JEFFREY'S WEEKLY PROJECTION OF BITCOIN (9/10~9/16)

Bit ended with a significant drop to 7280 to 6200 dollar last week.

According to the flow, adjustment early last week was expected. However, there was more drop that collapsed the flow in the market for a week.

Especially, it was frustrating to see how it might have been possible to revert to an upward trend with central line shown in the area in 6700 to 6800 dollar through the turning point.

This week, there are many points of centraflexure concentrated early this week that it is predicted how the flow early this week will last through a week. I am wishing to relieve the flow from rapid drop this week.

 

This is the bit daily chart. First of all, the flow on a daily basis does not look bad.

However, there is a concentration in 6700 dollar area that reference line and switching line seem to act as a resistance.

It seems to be difficult to overcome this flow at a time, and I am predicting to have an adjustment in the lower range in concentration.

n addition, in the perspective of elliot wave, it is interpreted that there is still lowering c-wave. In this case, we need to pay close attention to whether to maintain or deviate from 5800 dollar that has acted as a strong support line.

 

This is the bit chart for every four hour. After the drop, there is a movement to increase the base point. If not deviating the past point and supporting the range on the right, we can expect head-and-shoulder pattern. At this time, targeted price will be 6700 to 7500 dollar range.

In the aggressive perspective, this seems to be an area for preventing the price rom being deviated and proceeding partial divided purchase.

 

Unexpected drop creates unexpected increase.

In addition, I believe that it is a matter of time for bit to enter an increasing flow.

I want every reader to cheer up staying away from bad news related to coins.

 

 

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