Prediction of weekly bit chart by Jeffrey (September 17th to 23rd)

Bit has overcome the lowering candle-shaped trend between 6260 and 6500d dollar last week relieving the downward trend and achieving a bit of upward trend.

Bit this week is open to both directions of ups and downs, and we might expect upward trend from early October.

This is the daily bit chart. As of the 17th, bit is in 6360 dollar and is maintained at a stagnant progress.

In addition, there is a concentrated area from mid-6700 dollar that there is a high chance of adjustment instead of an increase in value at a time.

According to the pattern, it is stable to create dual floors, and those without lower score purchasing position seem to be stable to check the pattern of dual floor before taking an action.  

This is the four-hour bit chart. There is a slight dead cross on the reference line and converting line. It indicates that there can be a huge drop in bit if it reaches the mid-5400.

However, it supports the mid-6300 price and is expected to have another increase in value beyond the current range. It will be an important turning point for ups and downs for about 1 to 2 days.

This is an hourly bit chart. Moving average line shows a positive arrangement. However, current wave is not dual waves but seems to enter the adjustment instead of additional increase in the bit value.

Lastly, this is the weekly bit chart. Small waves and mid-range waves are showing downward trend, but huge waves seem to be ready for upward movement.

In addition, we can expect the pattern on the stable bottom areas that any of the triggers make the coin value fluctuate and is expected to make a new upward trend.

 

 

 

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